Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Dow Jones Indexes Changes Composition Of Dow Jones TRAC-X Europe; Changes To The Index Are A Result Of A Regular Review To Ensure The Most Liquid Index Possible

Date 18/03/2004

Dow Jones Indexes today announced the new composition of the Dow Jones TRAC-X Europe Index effective Monday, March 22, 2004.

The following 25 names will be added to the underlying basket of the Dow Jones TRAC-X Europe Index:

New Page 1

Company Dow Jones TRAC-X Sector
Pinault-Printemps-Redoute Consumer
J Sainsbury plc Consumer
Six Continents plc Consumer
Safeway plc Consumer
Gallaher Group PLC Consumer
Allied Domecq plc Consumer
European Aeronautic Defence and Space Co EADS NV Industrials
Anglo American plc Industrials
AKZO Nobel NV Industrials
Hanson plc Industrials
FKI plc Industrials
Stora Enso Oyj Industrials
National Grid Transco plx Industrials
Technip Industrials
Cap Gemini TMT
Telenor ASA TMT
Banca Monte Dei Paschi Di Siena Spa Financials
Muenchener Rueckversicherungs-Gesellschaft AG Financials
Capitalia SPA Financials
Zurich Insurance Co Financials
Swiss Reinsurance Co Financials
Unicredito Italiano Societa per Azioni Financials
AVIVA PLC Financials
Assicurazioni Generali - Societa per Azioni Financials
Aegon NV Financials

The following 25 names have been deleted from the Dow Jones TRAC-X Europe Index:

New Page 2

Company Dow Jones TRAC-X Sector
GUS PLC Consumer
VALEO SA Consumer
BOOTS GROUP PLC Consumer
UNILEVER NV Consumer
NESTLE LTD Consumer
OLIVETTI Consumer
PARMALAT Consumer
SONERA TMT
KONINKLIJKE DSM NV Industrials
EDP ELECTRICIDADE DE PORTUGAL SA Industrials
BAA PLC Industrials
IBERDROLA SA Industrials
VATTENFALL AB Industrials
INVESTOR AB Industrials
ENEL SPA Industrials
ENDESA SA Industrials
CREDIT LYONNAIS SA Financials
CREDIT SUISSE GROUP Financials
LLOYDS TSB BANK PLC Financials
SOCIETE GENERALE Financials
BANK OF SCOTLAND Financials
UBS AG Financials
BARCLAYS BANK PLC Financials
ABBEY NATIONAL PLC Financials
ROYAL BANK OF  SCOTLAND PLC Financials

The changes announced today are a result of a regular review and are based on an already existing methodology for the Dow Jones TRAC-X indexes. Dow Jones Indexes expects these rules to be reviewed after an advisory committee comprised of TRAC-X market makers and other experts is put together that will advise on methodology, rebalancing and other related topics for the Dow Jones TRAC-X Indexes, however, Dow Jones Indexes will remain the ultimate decision-maker. Having the participation of the leading credit derivatives participants will ensure that the Dow Jones TRAC-X Indexes remain as transparent and liquid as possible while also providing the clients who use them with the most efficient and effective way to manage and trade credit risk.

The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.

To ensure transparency in the selection process and review, for the first time a complete selection list of the reconstituted Dow Jones TRAC-X indexes can be found on the Dow Jones Indexes website (www.djindexes.com).

Company additions to and deletions from the Dow Jones TRAC-X Europe Index do not in any way reflect an opinion on the investment merits of the company.