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- Red Electrica De Espana SA (Spain, SEDOL: 5723777, GICS: Utilities, GICS Code: 55101010) will replace Emap Plc (United Kingdom, SEDOL: B1B59F8, GICS: Consumer Discretionary, GICS Code: 25401040) in the S&P Europe 350 index and will be added to the S&P Euro Plus and S&P Euro indices, following the acquisition of Emap Plc by Eden Bidco Ltd. The last day of dealings in Emap Plc’s shares is expected to be 18 March 2008 and it remains subject to a Court hearing scheduled for 14 March 2008.
Red Electrica De Espana SA maintains and operates Spain’s electricity transmission network. The company extends the high-voltage grid and coordinates the production and transmission systems. The number of shares outstanding will be 135,270,000 and the Investable Weight Factor will be 0.8. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Electric Utilities sub-industry.
Following is a summary of the announced addition and deletion:
| S&P Europe 350, S&P Euro Plus, S&P Euro and S&P UK– close of trading 18 March 2008: | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Red Electrica De Espana SA | Utilities | Electric Utilities |
| DELETED | Emap Plc | Consumer Discretionary | Publishing |
