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Standard & Poor's - Index Change: S&P/TSE Canadian Information Technology Sector Index

Date 23/04/2001

Standard & Poor's Canadian Index Operations announces that effective after the close of business on Tuesday, April 24, 2001, the following change will take place in the S&P/TSE Canadian Information Technology Sector Index.

The weight of Nortel Networks Corporation (TSE: NT) will increase by approximately 5.78% in the S&P/TSE Canadian Information Technology Sector Index. The relative weight change reflects an adjustment to the float shares pursuant to S&P/TSE Canadian Information Technology Sector Index methodology.

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.