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Standard & Poor's - Index Change: Global 1200, TSE 300 Composite, TSE 300 Capped, S&P/TSE 60, S&P/TSE 60 Capped, And TSE 100 Indices

Date 28/08/2001

Standard & Poor's Canadian Index Operations announces that effective after the close of business on August 29, 2001, the following changes will take place in the Global 1200, TSE 300 Composite, TSE 300 Capped, S&P/TSE 60, S&P/TSE 60 Capped, and TSE 100 Indices.

The relative weight of Biovail Corporation (TSE: BVF) will increase by approximately 0.06% in the TSE 300 Composite and TSE 300 Capped, 0.08% in the S&P/TSE 60 and S&P/TSE 60 Capped and 0.07% in the TSE 100. The relative weight change reflects an adjustment to the float shares of the company. The float shares have been adjusted to reflect the conversion of 6.75% Debentures to common shares.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), provides independent financial information, analytical services, and credit ratings to the world's financial markets. Among the company's many products are the S&P Global 1200, the world's first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 21 countries, Standard & Poor's is an integral part of the global financial infrastructure.