FTSE EUROPEAN INDICES REVIEW OF CONSTITUENTS

11 December 2003


The FTSE Europe/Middle East/Africa Regional Committee has approved the following quarterly changes to the FTSE Eurotop 300 and FTSE EuroMid Indices and the quarterly changes to the FTSE Eurotop 100 and FTSE Euro 100 Indices Reserve Lists, effective after the close of business on Friday, 19 December 2003 (i.e. on Monday, 22 December 2003).

FTSE European Indices reviews for December 2003 reflect the treatment of Fortis as a stapled unit according to ground rule 4.8

'For the purposes of ranking stocks as part of an index review, the market capitalisation of eligible securities within the stapled unit will be aggregated provided that they meet all other eligibility requirements of the Index under review'.

FTSE EUROTOP 300 INDEX:

For inclusion:

COMPANY SEDOL COUNTRY RANK INV WGHT (%) SUB-SECTOR DESC (& NO.)
Edison 7513578 Italy 208 30 775 Multi-Utilities
Fresenius Medical Care Pfd * 5160073 Germany 244 100 444 Hospital Management & Long Term Care
EFG Eurobank Ergasias Bank 5654316 Greece 259 75 810 Banks

* Secondary Line of Fresenius Medical Care (5129074), current FTSE Eurotop 300 constituent

For exclusion:

COMPANY SEDOL COUNTRY INV WGHT (%) REASON FOR DELETION
Grupo Dragados 5687000 Spain 75 Auto Deletion

The FTSE Eurotop 300 Index Reserve List will be:

With immediate effect, the following reserve list will be used in the event that one or more constituents are deleted during the period up to the next quarterly review:

COMPANY SEDOL COUNTRY INV WGHT (%) SUB-SECTOR DESC (& NO.)
Continental 4598589 Germany 100 317 Tyres & Rubber
Porsche 7101069 Germany 100 311 Automobiles
Alpha Bank 4235864 Greece 100 810 Banks
Anglo Irish Bank 4032775 Ireland 100 810 Banks
SGS Surveillance (Reg) 4824778 Switzerland 75 581 Business Support Services
Delhaize Group 4262118 Belgium 100 630 Food & Drug Retailers
Grupo Ferrovial 5678822 Spain 50 137 Other Construction
Banco De Sabadell 7095388 Spain 100 810 Banks
Sagem 4074432 France 40 938 Telecommunications Equipment
Numico 5402601 Netherlands 100 435 Food Processors
British Airways 0129057 UK 49.99 591 Airlines & Airports
Depfa Bank 7255999 Greece 100 875 Investment Banks

INVESTABILITY WEIGHT CHANGES:

COMPANY SEDOL OLD INV. WEIGHT % NEW INV. WEIGHT % RANK
Allianz AG 5231485 75 100 30

FTSE EUROMID INDEX:

For inclusion:

COMPANY SEDOL COUNTRY INV WGHT (%) SUB-SECTOR DESC (& NO.)
Grupo Dragados * 5687000 Spain 75 137 Other Construction

* Companies demoted from the FTSE Eurotop 300 Index.

For exclusion:

COMPANY SEDOL COUNTRY INV WGHT (%) SUB-SECTOR DESC (& NO.)
Edison 7513578 Italy 30 775 Multi-Utilities
Fresenius Medical Care pfd 5160073 Germany 100 444 Hospital Management & Long Term Care
EFG Eurobank Ergasias Bank 5654316 Greece 75 810 Banks

INVESTABILITY WEIGHT CHANGES

COMPANY SEDOL OLD INV. WEIGHT % NEW INV. WEIGHT % RANK
Liberty International 0683434 75 100 341
Hypo Real Estate Holdings 7681248 75 100 395

FTSE EUROTOP 100 INDEX QUARTERLY RESERVE LIST REVIEW:

The FTSE Eurotop 100 Index Reserve List will be:

With immediate effect, the following reserve list will be used in the event that one or more constituents are deleted during the period up to the next quarterly review:

COMPANY SEDOL COUNTRY INV WGHT (%) SUB-SECTOR DESC (& NO.)
Fortis NV 7266117 Netherlands 100 810 Banks
Fortis SA/NV 7266139 Belgium 100 810 Banks
EADS 4012250 France 40 215 Aerospace
Alcatel 5975006 France 100 938 Telecommunications Equipment
Norsk Hydro 4645805 Norway 75 078 Oil-Integrated
A P Moller - Maersk B 4253048 Denmark 50 597 Shipping & Ports
T-Online Ag 5932722 Germany 20 974 Internet
Reckitt Benckiser 0727871 UK 100 475 Household Products
Schneider Electric 4834108 France 100 252 Electrical Equipment
Centrica 0573438 UK 100 773 Gas Distribution
Mediaset 5077946 Italy 50 542 Television Radio and Filmed Entertainment

EUROTOP 100 INVESTABILITY WEIGHT CHANGES:

COMPANY SEDOL OLD INV. WEIGHT % NEW INV. WEIGHT % RANK
Allianz AG 5231485 75 100 30

FTSE EURO 100 INDEX:

For inclusion:

COMPANY SEDOL COUNTRY INV WGHT (%) SUB-SECTOR DESC (& NO.)
Wanadoo 4066611 France 20 974 Internet

FTSE EURO 100 INDEX QUARTERLY RESERVE LIST REVIEW:

The FTSE Euro 100 Index Reserve List will be:

With immediate effect, the following reserve list will be used in the event that one or more constituents are deleted during the period up to the next quarterly review:

COMPANY SEDOL COUNTRY INV WGHT (%) SUB-SECTOR DESC (& NO.)
Christian Dior 4061393 France 40 349 Other Textiles & Leather Goods
Thyssen Krupp 5636927 Germany 75 267 Engineering General
ASML Holding 5949368 Netherlands 100 936 Semiconductors
Cia Espanola De Petroleos 5682340 Spain 30 078 Oil Integrated
Gucci Group 4655053 Netherlands 30 341 Clothing & Footwear
RTL Group 4061490 Belgium 9 542 Television Radio and Filmed Entertainment
Fortum 5579550 Finland 40 775 Multi-Utilities
Arcelor 7281875 France 75 188 Steel
Casino Guichard Perrachon 4178419 France 40 630 Food & Drug Retailers
Mediobanca 4574813 Italy 50 875 Investment Bank

INVESTABILITY WEIGHT CHANGES:

COMPANY SEDOL OLD INV. WEIGHT % NEW INV. WEIGHT % RANK
Allianz AG 5231485 75 100 30

The next FTSE Europe/Middle East/Africa Regional Committee Meeting will be held on Wednesday, 10 March 2004.

With effect from 1 December 2003, use and redistribution of SEDOLs is subject to a separate licence from London Stock Exchange. Please contact the London Stock Exchange for further information on +44 (0)20 7797 3009 or via email sedol@londonstockexchange.com

For index related enquiries or further information about FTSE please contact:
Client Services in UK:Tel: +44 (0) 20 7448 1810 and
Client Services in US:Tel: +1 212 825 1328 or +1 415 445 5660 and
Client Services in Asia Pacific:Tel: +852 2230 5800 or +65 6223 3738.

Or, email your enquiries to info@ftse.com or visit our website at www.ftse.com


Terms of Use | Copyright © FTSE