June 2008 Preliminary IPO Report - A Monthly Report From STOXX Ltd. On European Initial Public Offerings (IPOs)

Based on the close of trading on June 23, in June 2008, 12 companies went public in Europe. One company was added to the Dow Jones STOXX IPO Indexes in June.¹

To be included in the Dow Jones STOXX IPO Indexes companies must have a free float market capitalization between 100 million EUR and 3 billion EUR on the listing date.²

The European companies which went public in June are as follows:

The three best performing companies in the Dow Jones STOXX IPO Indexes in June were ERSOL SOLAR ENERGY (Germany, Industrial Goods & Services), AFIRMA GRUPO INMOBILIARIO (Spain, Financial Services) and PETROTEC (Germany, Chemicals) with a performance of 63.22%, 36.59% and 35.84% respectively.

For the Dow Jones STOXX IPO Index (3 months), companies are added one day after their actual IPO date and remain in the index for 3 months. This allows maximum participation in the IPO performance effect. For the Dow Jones STOXX IPO (12 months) and the Dow Jones STOXX IPO (60 months) indexes, companies are added on the second Wednesday following their IPO and remain in the index for 12 and 60 months, respectively.

Companies are removed from the indexes after the close of trading on the first Wednesday following 3, 12 and 60 calendar months of inclusion in the index.

The following companies were deleted from the Dow Jones STOXX IPO Index (3 months) in June 2008:

In June, six companies were deleted from the Dow Jones STOXX IPO Index (12 months) and one from the Dow Jones STOXX IPO Index (60 months).

JUNE 2008 INDEX PERFORMANCE

The Dow Jones STOXX IPO Index (3 months) was the best performing Dow Jones STOXX IPO Index for the month with a gain of 2.21%, closing at 3003.17. The Dow Jones STOXX IPO Index (12 months) posted a loss of -3.15% with a closing value of 2437.45. The Dow Jones STOXX IPO Index (60 months) decreased -7.20% in June, closing at 1725.22.

During the same time period, the Dow Jones STOXX 600 Index decreased -8.48%, closing at 294.81 and the Dow Jones STOXX 50 Index lost -7.90%, closing at 2931.00.

As of June 23, 2008, Industrial Goods & Services has the highest weight in the Dow Jones STOXX IPO Index (12 months) and in the Dow Jones STOXX IPO (60 months) with 39.91% and 22.06% respectively. Basic Resources has the highest weight in the Dow Jones STOXX IPO Index (3 months) with 30.87%.

From a country perspective, the Netherlands has the highest weight in the Dow Jones STOXX IPO Index (3 months) with 30.87% and Germany has the highest weight in the Dow Jones STOXX IPO Index (12 months) with 19.27%. The U.K. weighs 20.01% in the Dow Jones STOXX IPO Index (60 months).

The Dow Jones STOXX IPO Indexes measure the performance of the European IPO market in three different time horizons – 3, 12 and 60 months – based on the duration a component remains in the respective index.

Further information on the Dow Jones STOXX IPO Indexes is available at www.stoxx.com.

¹Includes all IPOs that are domiciled and traded at the major exchanges of 18 European countries (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) and that are available on major data providers and surpass a minimum size.

²The index universe is defined as all IPO companies in the equity market which would be eligible for the Dow Jones STOXX Total Market Index. Free float market capitalization on the listing date is calculated by multiplying the number of shares with the IPO offer price and with the float factor, defined as IPO shares divided by total shares outstanding.