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Standard & Poor's – Index Changes To TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian SmallCap And TSE 200 Indices

Date 12/02/2001

Standard & Poor's Canadian Index Operations announces that effective after the close of business on Tuesday, February 13, 2001, the following changes will take place in the TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian SmallCap and TSE 200 Indices.

EXFO Electro-Optical Inc. (TSE: EXF) will replace Numac Energy Inc. (TSE: NMC) in the TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian SmallCap and TSE 200 Indices. It has been announced that over 90% of the common shares of Numac Energy Inc. have been tendered to the offer by Anderson Exploration Ltd.

EXFO Electro-Optical Inc. is a designer, manufacturer and marketer of fiber-optic test, measurement and monitoring instruments for the telecommunications industry. EXFO Electro-Optical Inc. will be added to the TSE 300 Composite and TSE 300 Capped Indices in the (06.05) Industrial Products Group and S&P/TSE Canadian SmallCap Index in the Information Technology sector.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

Standard & Poor’s, a division of The McGraw-Hill Companies (NYSE: MHP), provides independent financial information, analytical services, and credit ratings to the world’s financial markets. Among the company’s many products are the S&P Global 1200, the world’s first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 21 countries, Standard & Poor’s is an integral part of the global financial infrastructure.