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Standard & Poor's - Index Change - S&P Global 1200, S&P/TSE 60, S&P/TSE 60 Capped, TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian MidCap, S&P/TSE Canadian SmallCap, S&P/TSE Canadian Energy Sector, TSE 100 And TSE 200 Indices

Date 16/07/2001

Standard & Poor's Canadian Index Operations announces that the following changes will take place in the S&P Global 1200, S&P/TSE 60, S&P/TSE 60 Capped, TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian MidCap, S&P/TSE Canadian SmallCap, S&P/TSE Canadian Energy Sector, TSE 100 and TSE 200 Indices after the close of trading on Tuesday, July 17, 2001.

Gulf Canada Resources Ltd. (TSE: GOU) will be removed from the S&P/TSE Global 1200, S&P/TSE 60, S&P/TSE 60 Capped, TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian Energy Sector and TSE 100 Indices. It has been announced that over 90% of the outstanding ordinary shares of the company have been tendered to the offer by Conoco Inc.

As a result, George Weston Ltd. (TSE: WN) will be added to the S&P/TSE Global 1200, S&P/TSE 60 and S&P/TSE 60 Capped Indices and removed from the S&P/TSE Canadian MidCap Index. Cott Corporation (TSE:BCB) will be added to the S&P/TSE Canadian MidCap and removed from the S&P/TSE Canadian SmallCap Index. Spar Aerospace Limited (TSE: SPZ) will be added to the TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian SmallCap and TSE 200 Indices. Goldcorp Inc. (TSE: G) will be added to the TSE 100 Index and removed from the TSE 200.

George Weston Ltd. was founded in 1882 and operates in two distinct business segments through food processing, which encompasses fresh and frozen bakeries, biscuit and dairy operations as well as fish processing; and food distribution. George Weston Ltd. will be added to the S&P/TSE 60 and S&P/TSE 60 Capped Indices in the Consumer Staple sector.

Cott Corporation is a supplier of retailer brand beverages, with major manufacturing, marketing, product development and customer services facilities in Canada, United States and the United Kingdom. Cott Corporation will be added to S&P/TSE Canadian MidCap Index in the Consumer Staple Sector.

Spar Aerospace Limited is an aviation company providing a variety of services for both fixed wing and rotary wing aircraft for commercial and military customers. Spar Aerospace Limited will be added to the TSE 300 Composite and TSE 300 Capped Indices in the Industrial Products (06.04) group and the S&P/TSE Canadian SmallCap Index in the Industrials sector.

Goldcorp Inc. is a North American based gold producer. Goldcorp Inc. and its subsidiaries own and operate two gold mines: the underground Red Lake Mine and the Wharf Mine. Goldcorp Inc. also invests in exploration and junior mining companies. Goldcorp Inc. will be added to TSE 100 Index in the Resource (1) sector. 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.