SWX Indices: Exclusion Of Securities From The SPI<SUP><SMALL>®</SUP></SMALL> Index

Recently, shares of various companies have been repurchased in connection with going-private programmes. In view of this and the impending delisting of the securities listed below, the SWX has decided the following: As of the date of the official delisting of Hilti, all shares affected by such a procedure will be excluded from the SPI® Index. The following securities will be excluded from the SPI® as of 26 May (following the close of trading on 23 May):

• Hilti (official delisting on 26 May 2003)
• Unigestion (official delisting on 23 June 2003)
• CGN compagnie générale de navigation (official delisting on 23 June 2003)
• Hero
• Zellweger Luwa
• Disetronic
• Compagnie financière Michelin The reason for these exclusions is that the individual securities have fallen below the minimum free float rate of 20%.