SWX Indices: Adjustments To The Composition Of The SMI® And Allocations Among The SPI® Small-/Middle-/Large-Caps

Based on the recommendation of the Index Commission, the Management Board of the SWX Swiss Exchange has ruled that no additional companies will be included in the SMI®. With the exception of Centerpulse, no other company currently fulfils the criteria for inclusion. However, due to the pending takeover offer for Centerpulse, it is not being included in the SMI®.

In accordance with the SMI® Rules, Sulzer N is to be eliminated from the SMI® because it no longer fulfils the regulatory criteria. This adjustment will take place on 1 October 2003. As of that date, the SMI® will comprise a total of 26 issues.

The composition of the SMI® can be accessed at the following Internet address: www.swx.com/indices_en.html

Changes in the SPI® Small-/Middle-/Large-Cap allocations effective as of 1 October 2003:

Increasing in rank:

From Middle to Large:	Swatch I Swatch N
From Small to Middle:	Zuger Kantonalbank I Barry Callebaut N Affichage N

Decreasing in rank:

From Large to Middle:	Bâloise N
From Middle to Small:	Phoenix I Huber & Suhner N Swisslog N Jomed I