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Yara International ASA Replaces Scottish & Newcastle Plc In The S&P European Indices

Date 17/04/2008

Standard & Poor’s will make the following changes in the S&P Europe 350, S&P Euro Plus and S&P United Kingdom indices, effective after the close of trading on Thursday 24 April 2008:

  • Yara International ASA (Norway, SEDOL: 7751259, GICS: Industrials, GICS Code: 15101030) will replace Scottish & Newcastle Plc (United Kingdom, SEDOL: 0783969, GICS: Consumer Staples, GICS Code: 30201010) in the S&P Europe 350 index and will be added to the S&P Euro Plus index, following the acquisition of Scottish & Newcastle by Sunrise Acquisition Ltd (a company jointly owned by Carlsberg A/S and Heineken N.V). The last day of dealings in Scottish & Newcastle is expected to be 25 April 2008 and the transaction remains subject to a Court hearing scheduled for 23 April 2008.

Yara International ASA produces, distributes and sells nitrogen-based mineral fertilizers and related industrial products. The number of shares outstanding will be 291,575,000 and the Investable Weight Factor will be 0.638. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Fertilizers & Agricultural Chemicals sub-industry.

Following is a summary of the announced addition and deletion:

S&P Europe 350, S&P Euro Plus and S&P UK– close of trading 24 April 2008:

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Yara International ASA

Industrials

Fertilizers & Agricultural Chemicals

DELETED

Scottish & Newcastle Plc

Consumer Staples

Brewers

About Standard & Poor’s
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 20 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.