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Standard & Poor's Announces Investable Weight Factor Change For RCS MediaGroup SPA In The S&P/MIB Index

Date 23/09/2004

Standard & Poor’s will change the IWF (Investable Weight Factor) for RCS MediaGroup SPA (Italy, ISIN IT0003039010) a member of the S&P/MIB Index from 0.479 to 0.387 effective at the close of trading Tuesday, September 28, 2004. This is following the entrance of the new participants (Paflux SA, Merloni Invest SPA and Capitalia Gruppo Bancario) to the existing shareholders agreement (patto di sindicato).

Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds. With 5,000 employees located in 20 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.standardandpoors.com

Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 322 offices in 33 countries. Sales in 2003 were $4.8 billion. Additional information is available at www.mcgraw-hill.com