Standard & Poor's Announces Revisions To The GICS Structure For Its Canadian Indices

As previously announced, Standard & Poor's and MSCI will make changes to the Global Industry Classification Standard (GICS)SM structure, effective Thursday March 28, close of business, EST.

In 1999, Morgan Stanley Capital International (MSCI) and Standard & Poor's jointly developed the Global Industry Classification Standard (GICS)SM to establish a common global standard for categorizing companies into sectors and industries, thereby enabling asset owners, asset managers and investment research specialists to make seamless comparisons across indices by industry, by region, and globally.

As a result of their joint annual review of GICS, Standard & Poor's announces the changes to GICS structure that affect the S&P Canadian index marketplace. All changes in the GICS structure will be implemented after the close of business, EST, on Thursday, March 28, 2002. For a detailed description of the GICS classifications, please refer to the Standard & Poor's web site at www.spglobal.com/gics.html.

2002 GICS Structure Changes

Sub-Industry Level
Type of Change	Sub-Industry Code	Current Sub-Industry Name	New Sub-Industry Name
Description & Name Change	10102030	Oil & Gas Refining & Marketing	Oil & Gas Refining, Marketing & Transportation
Description & Name Change	20301010	Air Freight & Couriers	Air Freight & Logistics
Description & Name Change	25203010	Apparel & Accessories	Apparel, Accessories & Luxury Goods
Description & Name Change	25401040	Publishing & Printing	Publishing
Description & Name Change	55103010	Multi-Utilities	Multi-Utilities & Unregulated Power
Description Change	15101010	Commodity Chemicals
Description Change	15101050	Specialty Chemicals
Description Change	20201010	Commercial Printing
Description Change	55101010	Electric Utilities
Name Change	20106010	Construction & Farm Machinery	Construction & Farm Machinery & Heavy Trucks
Name Change	25301020	Hotels	Hotels, Resorts & Cruise Lines
Merger & Name Change	30202030	Packaged Foods	Packaged Foods & Meats
Deletion	30202020	Meat, Poultry & Fish

Industry Level
Type of Change	Industry Code	Current Industry Name	New Industry Name
Name Change	203010	Air Freight & Couriers	Air Freight & Logistics
Name Change	252030	Textiles & Apparel	Textiles, Apparel & Luxury Goods
Name Change	551030	Multi-Utilities	Multi-Utilities & Unregulated Power

GICS Changes to Canadian Index Companies

Ticker	Company Name	Current Sub-Industry Code	Current Sub-Industry Name	New Sub-Industry Code	New Sub-Industry Name
TA	Transalta Corporation	55101010	Electric Utilities	55103010	Multi-Utilities & Unregulated Power
FPL	FPI Limited	30202020	Meat, Poultry & Fish	30202030	Packaged Foods & Meats
MFI	Maple Leaf Foods Inc.	30202020	Meat, Poultry & Fish	30202030	Packaged Foods & Meats

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 more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.spglobal.com.

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