STOXX Limited Changes Index Dissemination Hours And Foreign Exchange Rate Source

STOXX Limited today announced a change in index dissemination hours. All pan-European Dow Jones STOXX indexes including the leading European blue-chip indexes Dow Jones STOXX 50 and Dow Jones EURO STOXX 50 indexes will be disseminated from 9.00 am to 18.15 pm CET, representing a diminution of two hours. The change is effective November 03, 2003.

Simultaneously, STOXX Limited will begin using the fixed WM-exchange rates at 17.30 pm CET for calculation of official component closing prices. The foreign exchange rate calculated by WM-Company in Edinburgh is the standard exchange rate used by fund managers globally.

The changes were approved by the STOXX Limited Supervisory Board in July and driven by the need of institutional market participants to have the indexes closing values calculated during the most liquid trading hours of the day.