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Standard & Poor’s Announces IWF Change To The S&P Asia50 Index

Date 28/02/2007

Standard & Poor’s will make the following IWF change in the S&P Asia50 Index. Shinhan Financial Group Company Limited will increase its IWF from 0.8531 to 1 due to a sell down of 19.446 million shares by Korea Deposit Insurance Corp.. The change will become effective after the close of trading on Thursday March 8, 2007.

S&P Asia50 Index – March 8, 2007 after market close
Company Name Country Sedol Index Shares IWF GICS
Shinhan Financial Group Korea 6397502 601,400,000 1 40101010

Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.