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Standard & Poor's Announces Changes In S&P European Indices (Revised)

Date 26/12/2002

Standard & Poor's will make the following changes in the S&P Europe 350, S&P Euro Plus, and S&P Euro, and S&P United Kingdom Indices:
  • Snam Rete Gas SpA (Italy, Sedol: 7251470, GICS: Utilities) will replace CMG plc (Great Britain, Sedol: 0384737, GICS: Information Technology) in the S&P Europe 350 Index after the close of trading on Friday, December 27, 2002. S&P United Kingdom component Logica plc (Great Britain, Sedol 0522708, GICS Information Technology) is acquiring CMG plc via an all-stock deal.
Snam Rete Gas owns and operates Italy's natural gas distribution network. The company, headquartered in San Donato Milanese, will be added to the S&P Europe 350, S&P Euro Plus and S&P Euro Indices. The number of shares outstanding will be 1,955 million and the Investible Weight Factor is 0.4024. The company will be added to the GICS (Global Industry Classification Standard) Gas Utilities sub-industry.

Following the acquisition Logica plc will rename itself LogicaCMG plc. The new number of shares outstanding will be 776,224,181. The Investable Weight Factor will remain at 1.00.

Following is a summary of the announced changes:

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 is a leader in providing widely recognized credit opinions, financial data, analytical research and investment analysis to the global capital markets. With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.standardandpoors.com. Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, Business Week and McGraw-Hill Education. The corporation has more than 300 offices in 33 countries. Sales in 2000 were $4.3 billion. Additional information is available at www.mcgraw-hill.com.