Tokyo Stock Exchange: Annual Change in IWF of S&P/TOPIX 150 Index

Tokyo Stock Exchange, Inc. (TSE) and Standard & Poor's (S&P) announced the annual change in the IWF (Investable Weight Factor) of S&P/TOPIX 150 Index together with quarterly rebalancing, which will be effective after the close of trading Friday, September 12, 2003. Based on S&P's research, the IWF for Banks will be changed to a uniform rate of 0.5 from its previous uniform rate of 0.4. There will be no additions and deletions to its constituents.

For further information on the S&P/TOPIX 150 Index, please contact Information Services, Index Group at the TSE (databank-index@tse.or.jp) or S&P, Index Services (+81-3-3593-8463).

For a complete list of component stocks and IWFs please click here .