DOW JONES INDEXES PRESS RELEASE ARCHIVE • 2003
 
Press Releases 2004
Press Releases 2002
Press Releases 2001
Press Releases 2000


SGX AND DOW JONES INDEXES SIGN MEMORANDUM OF UNDERSTANDING TO PIONEER THE DEVELOPMENT OF EXCHANGE TRADED CREDIT DERIVATIVE CONTRACTS
SGX To Develop Market Through Tie-Ups With Other Exchanges

 


New York, December 29, 2003 – Singapore Exchange Limited (SGX) and Dow Jones Indexes, a leading global index provider, today signed a memorandum of understanding (MOU) which covers the listing of futures based on the Dow Jones TRAC-X indexes of credit derivatives.

The listing of credit derivatives will add further depth to SGX's derivatives market. SGX intends to collaborate with other exchanges to create a global marketplace for credit derivative futures. It is part of the exchange's strategy to grow its business through product innovation, which leverages off its infrastructure, market knowledge and its role as a leading Asian derivatives exchange.

SGX CEO, Hsieh Fu Hua, said, "We are happy to establish this relationship with Dow Jones Indexes in pioneering the development of futures based on the suite of Dow Jones TRAC-X indexes. Credit derivatives are currently traded over the counter in global markets. With the demonstrated interest from institutional participants in credit derivatives, we intend to develop a global network for the trading and listing of such contracts, which will replicate the success of the Mutual Offset System link with the Chicago Mercantile Exchange. This will provide our institutional customers the opportunity to trade in these products around the clock. Ultimately, they will not only get to enjoy greater choice and increased liquidity, but also efficient access and transparent price discovery to contracts based on widely traded indexes."

Michael A. Petronella, president, Dow Jones Indexes/Ventures says: "We are enthusiastic having signed this MoU with SGX to license the Dow Jones TRAC-X indexes for exchange traded products. The high volume of credit derivative trading in the OTC market has long justifies exchange-based financial products and now for the first time with the Dow Jones TRAC-X index family we can offer a transparent, neutrally branded, unbiased and well recognized family of indexes to underlie this product. We also expect to license the Dow Jones TRAC-X index family to exchanges in Europe and the U.S."

Since the launch of TRAC-X on April 1, 2003, over US$150 billion linked to the Dow Jones TRAC-X Indexes has traded and 38 indexes have been launched in addition to many other related products such as options and tranches based on the various indexes. The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Europe High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.

For further information please contact:

Dow Jones Indexes:
New York
Sybille A. Reitz, +10917-603-6987
Karishma Thakkar, +1212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Email: PR-Indexes@dowjones.com

Singapore Exchange Limited (SGX)
Terence Ng
Tel: 65-6236 8139

Email: ngterrence@sgx.com

Note to Editors:

Dow Jones Indexes
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Singapore Exchange (SGX)
Singapore Exchange Ltd (SGX) is Asia-Pacific's first demutualised and integrated securities and derivatives exchange. It was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). Leveraging on the combined strengths of the former entities, and through its innovative approach, broad range of products, strong international alliances and cutting-edge technology, SGX aims to establish itself as a leading integrated exchange and expand its presence in the global financial marketplace. On 23 November 2000, SGX became the first exchange in Asia Pacific to be listed via a public offer and a private placement. SGX is listed on its own Mainboard. For more information, visit us at www.sgx.com.




COMPONENT CHANGES MADE TO DOW JONES SECTOR TITAN INDEXES

   


New York, December 17, 2003 – Dow Jones Indexes today announced changes in the stock components of the Dow Jones Sector Titans Indexes.

Effective with the opening of trading Monday, December 22, 2003, Siemens (Germany) will be reclassified from Technology to Industrial Goods and Services and will be added to the Dow Jones Sector Titans Industrial Goods and Services Index. Dai Nippon (Japan) will be deleted from the Dow Jones Sector Titans Industrial Goods and Services Index. Analog Devices (U.S.) will be added to the Dow Jones Sector Titans Technology Index to replace Siemens.

Normally, changes are made to Dow Jones Sector Titans Indexes annually. Among the reasons for extraordinary changes are sector reclassifications of component companies.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Company additions to and deletions from the Dow Jones Sector Titans do not in any way reflect an opinion on the investment merits of the company.

Note to Editors:

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




DOW JONES INDEXES ANNOUNCES CHANGES IN THE DOW JONES SELECT DIVIDEND INDEX

   


New York, December 17, 2003 – Dow Jones Indexes today announced that seven stocks would be replaced in the Dow Jones Select Dividend Index as a result of the regular annual review. The changes are effective December 22, 2003.

The stocks being added to the 50-stock Dow Jones Select Dividend Index are: Bank of America Corp. (BAC), Unitrin Inc. (UTR), J.P. Morgan Chase & Co. (JPM), Ventas Inc. (VTR), Energy East Corp. (EAS), BellSouth Corp. (BLS), Sonoco Products Co. (SON). They will replace Ashland Inc. (ASH), Cooper Industries Inc. CI A (CBE), Goodrich Corp. (GR), Honeywell International Inc. (HON), Royal Caribbean Cruises Ltd. (RCL), Sears, Roebuck & Co. (S), Supervalu Inc. (SVU).

The dividend yield of the reconstituted Dow Jones Select Dividend Index increased to 4.1% from 3.78% as of November 30, 2003.

Additions
Name Economic Sector Indicated Annual Dividend Dividend Yield
Bank of America Corp. Financial  3.20 4.24%
BellSouth Corp. Telecommunications  1.00 3.84%
Energy East Corp. Utilities  1.00 4.35%
J.P. Morgan Chase & Co. Financial  1.36 3.85%
Sonoco Products Co. Industrial  0.84 3.93%
Unitrin Inc.  Financial 1.66 4.39%
Ventas Inc. Financial 1.07 5.34%
 
Deletions
Name Economic Sector Indicated Annual Dividend Dividend Yield
Ashland Inc. Industrial  1.10 2.77%
Cooper Industries Inc. Cl A Industrial  1.40 2.61%
Goodrich Corp. Industrial  0.80 2.91%
Honeywell International Inc. Industrial  0.75 2.53%
Royal Caribbean Cruises Ltd. Consumer, Cyclical 0.52 1.72%
Sears, Roebuck & Co. Consumer, Cyclical 0.92 1.67%
Supervalu Inc. Consumer, Noncyclical 0.58 2.25%


The changes will be effective with the opening of trading on December 22, 2003. Full component lists, including individual dividend, dividend yield and weightings are available at www.djindexes.com.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Company additions to and deletions from the Dow Jones Select Dividend Index do not in any way reflect an opinion on the investment merits of the company.

Note to Editors:

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




COMPONENT CHANGES MADE TO DOW JONES COUNTRY TITAN INDEXES

   


New York, December 15, 2003 – Dow Jones Indexes today announced component changes in the Dow Jones Canada Titans 40 and Dow Jones Australia Titans 30 indexes.

Effective with the opening of trading Monday, December 22, 2003, Great-West Lifeco Inc. (Canada) will replace Quebecor World Inc. (Canada) in the Dow Jones Canada Titans 40. Insurance Australia Group Ltd. (Australia) will replace CSR Ltd. (Australia) in the Dow Jones Australia Titans 30 Index

Both Quebecor World Inc. and CSR Ltd. are being deleted because of the "Early Removal Rule." The rule is applied when a Titans component is not among the 60 largest companies in the DJGI country index when ranked by free-float market capitalization at the conclusion of a regular quarterly review. Normally, changes are made to the Dow Jones Country Titan indexes annually in March. Among the reasons for extraordinary changes is the "Early Removal Rule".

The detailed methodology for each index is published in the indexes' rulebooks accessible on the Dow Jones Indexes web site at http://www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893




THE DOW JONES INDUSTRIAL AVERAGE AT 10,000: A BRIEF HISTORY

   


New York, December 10, 2003 – With the Dow Jones Industrial Average crossing the 10,000 mark on December 09, 2003, here is a brief history of the index at 10,000, according to Dow Jones Indexes:

  • The Dow Jones Industrial Average first touched 10,000 on March 16, 1999.
  • The Dow Jones Industrial Average first closed above 10,000 on March 29, 1999, when it closed at 10,006.78.
  • The Dow Jones Industrial Average reached its highest point on January 14, 2000, when it closed at 11,722.98.
  • The Dow Jones Industrial Average last closed above 10,000 on month May 27, 2002, when it closed at 10104.26.
  • Since January 14, 2000, the Dow Jones Industrial Average had its lowest close on October 9, 2002, when it closed at 7286.27.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




COMPONENT CHANGE WILL BE MADE TO DOW JONES TRANSPORTATION AVERAGE

   

  New York, December 9, 2003 – Dow Jones Indexes today announced that C. H. Robinson Worldwide (CHRW), based in Eden Prairie, MN, U.S. will replace Roadway Corporation (ROAD), based in Akron, OH, U.S. in the Dow Jones Transportation Average, effective after the close of trading on Thursday, December 11, 2003.

C. H. Robinson Worldwide is a third-party logistics company. The Company is a global provider of multimodal transportation services and logistics solutions operating through a network of 150 offices in North America, South America, Europe and Asia.

Roadway Corporation is being dropped from the Dow Jones Transportation Average because it is being acquired by Yellow Corporation (YELL), based in Overland Park, KS, U.S. which is also a component of the Dow Jones Transportation Average.

Due to the acquisition the name of Yellow Corporation will change to Yellow Roadway Corporation (YELL). The name change will also be effective on Thursday, December 11, 2003.

Further information as well as the complete component list of the Dow Jones Transportation Average can be found on the Dow Jones Indexes Web site at http://www.djindexes.com.

The Dow Jones Transportation Average represents the leading twenty transportation companies in the U.S. It was introduced in 1884 and was composed of nine companies. The Dow Jones Transportation Average is part of the Dow Jones Averages family, which also includes the Dow Jones Industrial Average and the Dow Jones Utility Average.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones&Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones&Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893




DOW JONES INDEXES ANNOUNCES PORTFOLIO FOR EUROPEAN HIGH YIELD CREDIT DERIVATIVE INDEX


   


New York, December 4, 2003 - Dow Jones Indexes today announced the portfolio for the Dow Jones TRAC-X Europe High Yield Index. The index consists of the 25 most liquid European high yield credit default swaps and complements the global family of Dow Jones TRAC-X credit default swap indexes.

After consulting the 12 licensed market makers the following 25 names are included in the underlying basket of the Dow Jones TRAC-X Europe High Yield Index: ABB International; Koninklijke Ahold NV; Alcatel; British Airways PLC; Colt TelecomGroup PLC; Corus Group PLC; Cable & Wireless PLC; Vivendi Universal; Eircom Ltd.; Emi Group PLC; FIAT S.p.a.; Fresenius; HeidelbergCement AG; International Power PLC.; Invensys PLC; Telefonaktiebolaget LM Ericsson; MDP Acquisitions (Smurfit); Messer Griesheim Holding AG; Prosieben Sat. 1 Media AG; Publicis Groupe SA; Rhodia; Scandinavian Airlines Systems DNC; Sol Melia SA; Tui AG; Yell Finance BV.

The market makers expect that the notes and swaps that underlie the Dow Jones TRAC-X Europe High Yield Index will receive significant interest from dealers and clients similar to the response for the Dow Jones TRAC-X North America High Yield Index which was the first liquid and diversified instrument to manage credit exposure in this asset class.

Since the launch of TRAC-X on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 38 indexes have been launched in addition to many other off-shoot products such as options and tranches based on the various indexes. The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Europe High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.


Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




Dow Jones Indexes Changes Composition of Dow Jones TRAC-X North America High Yield Portfolio
First Index to Represent Asian Tiger Markets Hong Kong, Singapore, South Korea and Taiwan

   

NEW YORK, December 2, 2003 - Dow Jones Indexes today announced the new composition of the Dow Jones TRAC-X North America High Yield Index series.

After consulting the 12 licensed market makers the following 14 names will be added to the underlying basket of the Dow Jones TRAC-X North America High Yield Index Series 2 Index that consists of the 100 most liquid North American high yield credit derivative swaps: Collins & Aikman Senior; Graphic Packaging International Inc.; Nalco Company; The Premcor Refining Group Inc.; DIRECTV Holdings LLC; DYNEGY Holdings Inc.; Williams Companies; Houghton Mifflin Company; Echostar DBS Corporation; AMR Corp.; United Rentals NA Inc. Sub.; TRIAD Hospitals Inc.; Case New Holland; RJ Reynolds Tobacco HLDG.

The following 14 names have been deleted from the Dow Jones TRAC-X North America High Yield Index: Collins & Aikman Sub; Ball Corp.; Hercules Inc.; Nuevo Energy Company; Lear Corporation; Westar Energy Company; Mirant Americas Generation LLC; Alliant Techsystems; Echostar Communications Corporation; Northwest Airlines; United Rentals NA Inc. Senior; Community Health Systems, Inc.; The Shaw Group Inc.; The GAP Inc.

The new composition of the Dow Jones TRAC-X North America High Yield Series 2 Index is the result of input from participating dealers and clients as to portfolio construction, reference entities and reference obligations. The standard notes of the participating market makers that are used to calculate the index values will be launched on December 3. The Dow Jones TRAC-X North America High Yield Indexes were initially launched on November 2001.

Since the launch of TRAC-X on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 33 indexes and various off-shoot products such as options and tranches have previously been added to this leading CDS index family. The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.

Currently, 12 institutions are licensed market makers in the suite of Dow Jones TRAC-X products: Barclays Capital, Bear Stearns, BNP, Credit Suisse First Boston, HSBC, JP Morgan, KBC, Lehman Brothers, Merrill Lynch, Morgan Stanley, Nomura, UBS.


Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




DOW JONES INDEXES FINALIZES AGREEMENT TO MANAGE TRAC-X INDEX PRODUCTS
Dow Jones Indexes Will Oversee All Aspects of the Management, Licensing and Administration of the Indexes and Will Form an Advisory Committee Comprising a Broad Base of Market Participants to Assist in its Governance

   


New York, November 24, 2003 - Dow Jones Indexes, a world leader in index calculation and management, announced today that it has finalized its agreement with Morgan Stanley and JPMorgan to lead the future development of TRAC-X, the market-leading global suite of credit default swap ("CDS") index products that was formed in April 2003.

Effective immediately, Dow Jones Indexes will assume all responsibility for the licensing, new product development (including the construction of the portfolios), branding, marketing and sales, and public relations of TRAC-X. Also effective immediately, the indexes will be rebranded "Dow Jones TRAC-X Indexes."

By the first quarter of 2004, Dow Jones Indexes will take over responsibility for the maintenance, calculation and distribution of index values and index data.

"We are extremely pleased to have been able to quickly finalize our agreement to take over the administration of the TRAC-X suite of credit derivatives products," said Lars Hamich, executive director of global business development at Dow Jones Indexes. "As part of the agreement, we will be putting together regional Advisory Committees in the U.S., Europe and Asia, which will comprise a broad base of credit derivatives market makers. These committees will ensure that the Dow Jones TRAC-X Indexes remain an entirely neutral product created solely for the benefit of the credit derivatives market overall."

The Advisory Committees will advise Dow Jones Indexes on methodology, rebalancing and other related topics. Dow Jones Indexes will remain the ultimate decision maker.

Mr. Hamich continued, "Having the participation of the leading credit derivatives participants will ensure that as we continue to develop the suite of products, the Dow Jones TRAC-X Indexes remains as transparent and liquid as possible and provides the clients who use them with the most efficient and effective way to manage and trade credit risk.

"We have already received tremendous interest in issuing structured products, exchange-traded derivatives and ETFs based on the Dow Jones TRAC-X Indexes and expect to issue the first licenses soon."

In addition to turning over the management of the suite of TRAC-X products to Dow Jones Indexes, Morgan Stanley and JPMorgan also will be opening the ownership structure to other market makers in the Dow Jones TRAC-X Indexes. This will further increase the transparency of the product.

Since its launch on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 12 indexes have been added to this leading CDS index family. The indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia and Dow Jones TRAC-X EM (Emerging Markets).

Licensed Dow Jones TRAC-X market makers include: Merrill Lynch, Bear Stearns, Lehman Brothers, HSBC, BNP, Credit Suisse First Boston, UBS, KBC, Nomura, Barclays Capital, Morgan Stanley and JPMorgan. The total number of institutions actually trading the CDS that underlie the Dow Jones TRAC-X Indexes numbers 15, including the market makers that were grand fathered in under the previous licensing agreement. The liquidity of the TRAC-X suite is expected to continue to increase with the addition of each new market maker.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:

About Dow Jones Indexes and Dow Jones & Company

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.





DOW JONES INDEXES FINALIZES AGREEMENT TO MANAGE TRAC-X INDEX PRODUCTS
Dow Jones Indexes Will Oversee All Aspects of the Management, Licensing and Administration of the Indexes and Will Form an Advisory Committee Comprising a Broad Base of Market Participants to Assist in its Governance

   


New York, November 24, 2003 - Dow Jones Indexes, a world leader in index calculation and management, announced today that it has finalized its agreement with Morgan Stanley and JPMorgan to lead the future development of TRAC-X, the market-leading global suite of credit default swap ("CDS") index products that was formed in April 2003.

Effective immediately, Dow Jones Indexes will assume all responsibility for the licensing, new product development (including the construction of the portfolios), branding, marketing and sales, and public relations of TRAC-X. Also effective immediately, the indexes will be rebranded "Dow Jones TRAC-X Indexes."

By the first quarter of 2004, Dow Jones Indexes will take over responsibility for the maintenance, calculation and distribution of index values and index data.

"We are extremely pleased to have been able to quickly finalize our agreement to take over the administration of the TRAC-X suite of credit derivatives products," said Lars Hamich, executive director of global business development at Dow Jones Indexes. "As part of the agreement, we will be putting together regional Advisory Committees in the U.S., Europe and Asia, which will comprise a broad base of credit derivatives market makers. These committees will ensure that the Dow Jones TRAC-X Indexes remain an entirely neutral product created solely for the benefit of the credit derivatives market overall."

The Advisory Committees will advise Dow Jones Indexes on methodology, rebalancing and other related topics. Dow Jones Indexes will remain the ultimate decision maker.

Mr. Hamich continued, "Having the participation of the leading credit derivatives participants will ensure that as we continue to develop the suite of products, the Dow Jones TRAC-X Indexes remains as transparent and liquid as possible and provides the clients who use them with the most efficient and effective way to manage and trade credit risk.

"We have already received tremendous interest in issuing structured products, exchange-traded derivatives and ETFs based on the Dow Jones TRAC-X Indexes and expect to issue the first licenses soon."

In addition to turning over the management of the suite of TRAC-X products to Dow Jones Indexes, Morgan Stanley and JPMorgan also will be opening the ownership structure to other market makers in the Dow Jones TRAC-X Indexes. This will further increase the transparency of the product.

Since its launch on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 12 indexes have been added to this leading CDS index family. The indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia and Dow Jones TRAC-X EM (Emerging Markets).

Licensed Dow Jones TRAC-X market makers include: Merrill Lynch, Bear Stearns, Lehman Brothers, HSBC, BNP, Credit Suisse First Boston, UBS, KBC, Nomura, Barclays Capital, Morgan Stanley and JPMorgan. The total number of institutions actually trading the CDS that underlie the Dow Jones TRAC-X Indexes numbers 15, including the market makers that were grand fathered in under the previous licensing agreement. The liquidity of the TRAC-X suite is expected to continue to increase with the addition of each new market maker.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:

About Dow Jones Indexes and Dow Jones & Company

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.





STOXX, LTD. CHANGES HE COMPOSITION OF THE EUROPEAN BENCHMARK INDEXES
Fourth Regular Quarterly Review to be Effective on December 22, 2003

   


New York, November 18, 2003 - STOXX, Ltd. today announced changes in the composition of the Dow Jones STOXX Total Market Index, the Dow Jones STOXX 600 Index and its sector indexes.

Effective with the open of European markets on December 22, 2003 the following nine stocks will be added to the Dow Jones STOXX 600 and its respective sectors: Lastminute.com (Great-Britain), Antofagasta (Great-Britain), Kinnevik Investment (Sweden), Buhrmann (Netherlands), Micronas Semiconductor (Switzerland), Cookson Group (Great-Britain), Prosiebensat.1 Media Pref (Germany), E.Biscom (Italy) and Gamesa (Spain).

Companies exiting the index are: Banca Popolare dellíEmilia Roma (Italy), Banca Popolare di Sondrio (Italy), M-Real-B (Finland), Galeries Lafayette/RM (France), Prisa (Spain), Wood Group (John) (Great-Britain), Caledonia Investments (Great Britain), Rhodia (France) and Jarvis (Great Britain).

The market sectors for the following Dow Jones STOXX 600 components will change: Siemens (Germany), from Technology to Industrial Goods & Services, Bunzl (Great Britain), from Basic Resources to Industrial Goods & Services, Sacyr-Vallehermoso (Spain), from Financial Services to Cyclical Goods & Services and Greene King (Great Britain), from Retail to Cyclical Goods & Services.

As of October 31, 2003 the total free-float market capitalization of the reconstituted Dow Jones STOXX 600 increased from EUR 4283.21 billion to EUR 4283.91 billion and of the reconstituted Dow Jones STOXX Total Market Index to EUR 4,486.78 billion from EUR 4,480.94.

Changes are being announced today after the conclusion of a regular quarterly component review. The adjusted component weightings, including the number of shares and free-float factors, will be announced on December 17, 2003 after close of European markets. All changes will be effective on December 22, 2003.

A list with all changes in the Dow Jones STOXX Total Market Index is available on http://www.stoxx.com/info/reports/2003/reviews2003.html

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893


Additions Deletions
LASTMINUTE.COM Noncyclical Goods & Services BANCA POPOLARE DELL’EMILIA ROMA Banks
ANTOFAGASTA Basic Resources BANCA POPOLARE DI SONDRIO Banks
KINNEVIK INVESTMENT Basic Resources M-REAL-B Basic Resources
BUHRMANN Retail GALERIES LAFAYETTE Retail
MICRONAS SEMICONDUCTOR Technology PRISA Media
COOKSON GROUP Industrial Goods & Services WOOD GROUP (JOHN) Industrial Goods & Services
PROSIEBENSAT.1 MEDIA PREF Media CALEDONIA INVESTMENTS Financial Services
E.BISCOM Telecommunications RHODIA Chemicals
GAMESA Industrial Goods & Services JARVIS Industrial Goods & Services




DOW JONES GLOBAL 1800 INDEX FAMILY: NEW GLOBAL BENCHMARK INDEXES
Cost-Effective Alternative for Portfolio Managers

   


New York, November 12, 2003 - Dow Jones Indexes, a leading global index provider today further expanded into the benchmark indexes business by launching the Dow Jones Global 1800 Index. The 1800-stock index and its regional and sector sub-indexes are derived from the Dow Jones World Index, a broad market global benchmark of approximately 5000 stocks, and reflect the market performance of the leading 600 companies in each of the developed markets of Europe, the Asia-Pacific region and the Americas. The 1800 components of the new index series cover 86% of the Dow Jones World Index.

The Dow Jones Global 1800 Indexes were developed to meet a need for alternatives to existing world indexes and follow the philosophy and methodology of the highly successful pan-European Dow Jones STOXX 600 Index and its sector indexes. The manageable number of components makes the indexes very cost effective and appropriate as the underlying benchmark indexes for investment portfolios.

Lars Hamich, executive director, global business development at Dow Jones Indexes said, "Market participants are increasingly looking to build portfolios that cover global markets or combine regions such as Europe and Asia in a cost-efficient way. Along with the global blue-chip indexes such as the Dow Jones Global Titans 50 and the Dow Jones Sector Titans and broad benchmark indexes such as the Dow Jones World Index, the Dow Jones Global 1800 Index completes the range of benchmark indexes."

The Dow Jones Global 1800 Indexes are transparent, rules-based benchmarks that comprise the biggest 600 companies in terms of free-float market capitalization for each of three regions - the Americas, Europe and Asia/Pacific.

The index series comprises a total of 117 indexes:

  • Dow Jones Global 1800 Index
  • Three regional indexes covering 1,200 components each: Dow Jones Global 1800 ex Americas, Dow Jones Global 1800 ex Europe and Dow Jones Global 1800 ex Asia/Pacific;
  • Three regional indexes covering 600 components each: Dow Jones Global 1800 Americas, Dow Jones Global 1800 Asia/Pacific and Dow Jones Global 1800 Europe with the latter equaling the Dow Jones STOXX 600 Index;
  • Two subset indexes of the Dow Jones Global 1800 Asia/Pacific Index: Dow Jones Global 1800 Asia/Pacific ex Japan and Dow Jones Global 1800 Japan;
  • A total of 108 sector indexes covering the world and regional indexes.

The indexes are calculated and disseminated real time with index data available through major data vendors. Component lists, historic and current index values, methodology overview and rule book are freely available on the Dow Jones Indexes web site at http://www.djindexes.com/jsp/GB1800_Method.jsp. The Dow Jones Global 1800 and its sub-indexes are reviewed quarterly.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




DOW JONES INDEXES TO LAUNCH DIVIDEND INDEX

   


New York, October 30, 2003 - Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Select Dividend Index. The index, which will include 50 stocks derived from the Dow Jones U.S. Total Market Index, a broad market benchmark index that represents approximately 95% of U.S. market capitalization, will be launched on November 3, 2003.

Ridgely Walters, senior director of client development/sales Americas, Dow Jones Indexes, said,"With new lower U.S. tax rates on dividends, more investors are becoming interested in companies issuing dividends. The Dow Jones Select Dividend Index allows investors to track these companies and to participate in the return on income of the highest-yielding stocks in the U.S."

Dow Jones Indexes expects to license the first exchange-traded fund based on the Dow Jones Select Dividend Indexes by the end of the year.

To be eligible for inclusion in the index, a component must have a positive historical five-year dividend per share growth, an average five-year dividend payout percentage rate less than or equal to 60% and an annual average daily dollar trading volume greater than $1.5 million. Components that pass this criteria are then ranked by dividend yield, and the top 50 components of the Dow Jones U.S. Total Market Index are selected for the Dow Jones Select Dividend Index.

Each company's weight in the Dow Jones Select Dividend Index is based on the amount of its indicated dividend. The indicated annual dividends for all components are totaled, and each component's weight is equal to its dividend contribution.

The Dow Jones Select Dividend Index will be reviewed on an annual basis in December. Components and weightings will be available starting November 3 on the web site www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30 and the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893




DOW JONES INDEXES TO PUBLISH HEDGE FUND STRATEGY BENCHMARKS

   


New York, October 28, 2003 -
Dow Jones Indexes, a leading global index provider, today announced that it will expand its index services through Dow Jones Hedge Fund Indexes, Inc. (DJHFI). Beginning in November, DJHFI will begin publishing the Dow Jones Hedge Fund Strategy Benchmarks that were created to underlie investable products.

Mike Petronella, president of Dow Jones Indexes/Ventures and director of DJHFI, said, "The Dow Jones Hedge Fund Strategy Benchmarks represent the unique returns of five robust hedge fund strategies, offer risk control through diversification and leverage guidelines, and provide the transparency needed by this growing investment class."

DJHFI has assumed ownership of the indexes from Lyra Capital LLC. DJHFI will be responsible for the ongoing design, construction and maintenance of the Dow Jones Hedge Fund Strategy Benchmarks.

Garry Crowder, CEO, Lyra Capital LLC, said, "Lyra Capital is the successor firm to Zurich Institutional Benchmarks Management LLC. Over the past three years, we have been a leader in the research and development of meaningful hedge fund structures for institutional clients. The assumption by Dow Jones Hedge Fund Indexes as the owner and provider of the Dow Jones Hedge Fund Strategy Benchmarks ensures that these indexes will continue to be at the forefront of the hedge fund indexes marketplace."

The Dow Jones Hedge Fund Strategy Benchmarks are designed as a measurement tool for individual hedge fund strategies and cover five distinct areas -- Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven. Dow Jones Indexes provides style pure hedge fund index strategies with highly correlated and clustered component returns, and avoided constructing a broad composite index that would crowd a wide-ranging variety of funds under one designation. The index methodology and the index components will generally be publicly available on the Dow Jones Indexes Web site at www.djindexes.com.

DJHFI has established an index advisory committee to ensure that the Dow Jones Hedge Fund Strategy Benchmarks remain innovative, methodology is consistent and that an objective process for index composition is always followed. The committee has nine members including representation from DJHFI, Dow Jones Indexes and seven representatives of institutional plans and programs with active hedge fund investment strategies.

Dow Jones Indexes, an affiliate of DJHFI, is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30 and the Dow Jones Country Titans Indexes. Dow Jones Indexes is a business unit, and DJFHI is a wholly-owned subsidiary, of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to The Wall Street Journal and its international and online editions, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes Barron's and the Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Dow Jones Indexes Hedge Fund Strategy Benchmark Advisory Committee Members

  • John A. Prestbo, Editor, Dow Jones Indexes, Chairman of the Dow Jones index oversight committee
  • Ridgely Walters, President of Dow Jones Hedge Fund Indexes, Inc. and Senior Director, Client Development and Sales, Dow Jones Indexes
  • Garry Crowder, Founder and CEO Lyra Capital LLC
  • Nancy Everett, Chief Investment Officer, Virginia Retirement Systems
  • Philip Halpern, Vice President and Chief Investment Officer, The University of Chicago
  • Neil J. Petroff, Senior Vice President, International Equities Indices, Fixed Income and Alternative Investments, Ontario Teachers Pension Plan
  • Laurence Siegel, Director, Investment Policy Research, The Ford Foundation
  • Edgar J. Sullivan, Vice President of Investment Research and Co-Portfolio Manager, Absolute Return Strategy, General Motors Asset Management
  • Mark W. Yusko, Chief Investment Officer, The University of North Carolina at Chapel Hill, NC; President and CEO, UNC Management Company, Inc.



DOW JONES INDEXES SELECTED TO MANAGE TRAC-X INDEX PRODUCTS
First CDS index Products to combine broad market governance with oversight of an independent index expert

New York and London, October 20, 2003 - JPMorgan and Morgan Stanley announced today that they have selected Dow Jones Indexes‚ a world-leader in index calculation and management‚ to lead the future development of TRAC-X‚ the market-leading global suite of credit default swap ("CDS") index products that was formed in April 2003. Dow Jones Indexes will assume responsibility for maintaining and marketing the indexes‚ which will be renamed the "Dow Jones TRAC-X Indexes."

"Clients win when market-makers and index experts join forces to create a pre-eminent‚ professional solution for their needs‚" said Andy Brindle‚ global head of credit derivatives at JPMorgan.

"This open architecture continues to enhance transparency and we believe will further reinforce our clients’ desire to use this product as the way to express their views in the credit markets‚" said James O’Brien‚ co-head of global investment-grade credit at Morgan Stanley.

Reaffirming a commitment to a broad-based market solution in the interest of clients‚ Dow Jones Indexes will invite recognized credit derivatives market professionals to join in the governance of Dow Jones TRAC-X Indexes. As part of the agreement‚ Dow Jones Indexes will establish and chair a governance supervisory board to oversee and develop the suite of indexes.

"Dow Jones TRAC-X Indexes is the first CDS index family to combine market-based governance with the oversight of an experienced and independent provider of global indexes‚" said Lars Hamich‚ executive director of global business development at Dow Jones Indexes.

Since its April 1 launch‚ over $100 billion linked to the TRAC-X indexes has traded and 12 TRAC-X indexes have been added to this leading CDS index family. The TRAC-X indexes that have launched to date include: TRAC-X Europe‚ TRAC-X NA (North America)‚ TRAC-X NA High Yield‚ TRAC-X Japan‚ TRAC-X Australia‚ and TRAC-X EM (Emerging Markets).


Last week‚ three more firms‚ Lehman Brothers‚ Bear Stearns and HSBC‚ became licensees to sign onto TRAC-X‚ bringing the total number of market makers to 15 institutions.

MEDIA CONTACTS
JPMorgan Michael Golden
Michael Dorfsman
44-20-7325-8504
212-270-7317
Morgan Stanley Mark Lake
Lindsey Harrison
212-762-7844
44-20-7425-8425
Dow Jones Indexes Sybille A. Reitz
Simona Deckers
212-597-5735
49-69-9714-2894

Note to editors:
About Dow Jones Indexes and Dow Jones & Company
Dow Jones Indexes is a premier global provider of investable indexes‚ including the Dow Jones Averages‚ the Dow Jones Global Titans 50‚ the Pan-European Dow Jones STOXX Indexes‚ the Dow Jones Asian Titans 50‚ the Dow Jones Sector Titans 30‚ the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company‚ which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes‚ Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions‚ Barron's and the Far Eastern Economic Review‚ Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva‚ with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

J.P. Morgan Chase & Co.is a leading global financial services firm with assets of $803 billion and operations in more than 50 countries. The firm is a leader in investment banking‚ financial services for consumers and businesses‚ financial transaction processing‚ investment management‚ private banking and private equity. A component of the Dow Jones Industrial Average‚ JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and many of the world’s most prominent corporate‚ institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com.

Morgan Stanley is a global financial services firm and a market leader in securities‚ investment management and credit services. With more than 700 offices in 28 countries‚ Morgan Stanley connects people‚ ideas and capital to help clients achieve their financial aspirations.




DOW JONES INDEXES TO LAUNCH FIRST MIDDLE EAST BLUE-CHIP INDEX
Dow Jones Indexes and Dubai International Financial Centre Cooperate to Create Index for Arabia Region

 

DUBAI, October 6, 2003 - Dow Jones Indexes today announced that it will launch the Dow Jones DIFC Arab Titans 50 index, a regional blue-chip index that covers Arab countries in the Middle East, in the first quarter of 2004. The index, which is based on the stock prices of 50 leading companies in the region, was developed jointly by Dow Jones Indexes, a leading global index provider, and the Dubai International Financial Centre in cooperation with the Dubai based investment bank SHUAA Capital.

Once launched, the Dubai Regional Exchange, a core component of the Dubai International Financial Centre, is expected to list financial products that will be based on the index. SHUAA Capital, is the first investment bank who has expressed an interest to license and introduce a financial product based on the index.

Lars Hamich, executive director, global business development at Dow Jones Indexes pointed out, "The index was developed due to the growing demand for a blue-chip index covering the whole Arab region, which is unique. With the Dow Jones DIFC Arabia Titans 50 we will provide an investable index, a transparent index concept and a methodology consistent with all indexes in our Dow Jones Titans family. The index is designed to underlie investment products such as funds, exchange-traded funds, structured products and derivatives."

Lynton Jones, chairman of the Dubai Regional Exchange, said: "The launch of this new unique benchmark will greatly enhance the attractiveness of the Middle East for emerging market investors. Historically, global investors have been reluctant to maintain, let alone exceed, their portfolio weightings in this fast growing region because of liquidity and other concerns. We are confident that funds linked to this new index and traded on an efficient financial exchange such as the Dubai Regional Exchange, will attract widespread investor interest."

The countries represented in the index will initially include: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Tunisia and United Arab Emirates. The country universe of the index is generally open to any Arab market that is established and proves to be active and open to international investors.

The Dow Jones DIFC Arabia Titans 50 will be part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 with 18 global sector indexes, Dow Jones Asian Titans 50, 14 Dow Jones Country Titans indexes (that cover Europe, Asia, and North America), Dow Jones Tiger Titans 50 and Dow Jones Islamic Titans 100.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group or DIFC media relations:

In Dubai:
Sybille A. Reitz: +1-917-603-6987

New York:
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

DIFC - Dubai:
Gilbert Halaby, Manager Corporate Communications,+9714-319-1994 or (m) +97150-657-8922 or email: gilberth@difc.ae


Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

The DIFC:
The DIFC is being established to position Dubai as a universally recognized hub for institutional finance and as the regional gateway for capital and investment to in the Middle East. A critical component of this is the Dubai Financial Services Authority (DFSA). The Authority is an independent unitary regulatory authority responsible for the oversight of asset management, banking, securities trading, Islamic finance, re-insurance and a regional financial exchange.

The DFSA is being created using principle-based primary legislation modeled closely on that used in London and New York and its regulatory regime will operate to standards that meet or exceed those applying in the world’s major financial centres. The Authority expects to license blue-chip institutions operating in a variety of industry sectors with a primary focus on the wholesale markets.

The Dubai Regional Exchange is the first international exchange to be launched in the 21st century. Based on state of the art technology, this fully electronic marketplace will be capable of trading a wide range of securities, including: equities, bonds, funds (including index funds), Islamic compliant products, derivatives, commodities and alternative risk products.




DOW JONES INDEXES PRESENTS DOW JONES INDEXES ISLAMIC AWARD

   

ISTANBUL, September 29, 2003 - Dow Jones Indexes announced today the creation of the Dow Jones Indexes Islamic Award to recognize outstanding and innovative research in Islamic Finance at the Islamic Finance Forum in Istanbul. The award is open to all parties interested in Islamic Finance such as investors, academics, scholars and students.

Lars Hamich, executive director global business development at Dow Jones Indexes said: "The Dow Jones Islamic Markets Indexes are the leading global benchmark for Shari’h compliant equity investment. They are used by investment managers worldwide to measure the performance of portfolios or as the underlying for financial products. Dow Jones Indexes seeks to contribute to the continued growth and development of Islamic Finance and to encourage additional research that will add value to Islamic financial tools. This is another indication of Dow Jones Indexes’ commitment to Islamic finance"

Participants can choose one of five topics to provide a research document to Dow Jones Indexes by January 15, 2004. The five topics are Common Ground for Faith Based Investing; A Diversified Shari’h Compliant Portfolio; Framework for Islamic Capital Market; What is Islamic Corporate Governance?; and Dow Jones Islamic Market Screening for Shari’h Compliant Universe from Muslim Country Stock Exchanges.

The four best of all submitted research documents will be selected by the Award Committee and will be presented at the 5th Islamic Finance Forum in Dubai early 2004. The Award Committee of the Dow Jones Indexes Islamic Award consists of Dr. Mohd Daud Bakar, Shari’h Scholar, Malaysia; Prof. Mahmoud el Gamal, professor of economics at Rice University, United States; Prof. Rodney Wilson, professor of economics at Durham University, United Kingdom; Sheikh Nizam Yaquby, Shari’h Scholar, Bahrain and Rushdi Siddiqui, global director Dow Jones Islamic Markets at Dow Jones Indexes, United States.

Details about the Dow Jones Indexes Islamic Award can be found at the Dow Jones Indexes web site www.djindexes.com.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations team:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893


NOTE: Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




STOXX LIMITED CHANGES INDEX DISSEMINATION HOURS AND FOREIGN EXCHANGE RATE SOURCE

   

ZURICH, September 24, 2003 - STOXX Limited today announced a change in index dissemination hours. All pan-European Dow Jones STOXX indexes including the leading European blue-chip indexes Dow Jones STOXX 50 and Dow Jones EURO STOXX 50 indexes will be disseminated from 9.00 am to 18.15 pm CET, representing a diminution of two hours. The change is effective November 03, 2003.

Simultaneously, STOXX Limited will begin using the fixed WM-exchange rates at 17.30 pm CET for calculation of official component closing prices. The foreign exchange rate calculated by WM-Company in Edinburgh is the standard exchange rate used by fund managers globally.

The changes were approved by the STOXX Limited Supervisory Board in July and driven by the need of institutional market participants to have the indexes closing values calculated during the most liquid trading hours of the day.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations team:

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718




COMPONENT CHANGE MADE TO DOW JONES SWITZERLAND TITANS 30 INDEX

   

NEW YORK, September 17, 2003 - Dow Jones Indexes today announced changes in the stock components of the Dow Jones Switzerland Titans 30 index.

Effective with the opening of trading on Monday, September 22, 2003, Nobel Geberit AG Reg. (Switzerland) will replace Centerpulse AG (Switzerland) in the Dow Jones Switzerland Titans 30 index. Centerpulse AG is being deleted because of its acquisition by Zimmer Holdings Ltd.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893



Company additions to and deletions from the Dow Jones Switzerland Titans 30 index do not in any way reflect an opinion on the investment merits of the company.



COMPONENT CHANGES MADE TO DOW JONES ITALY TITANS 30 AND DOW JONES SOUTH AFRICA TITANS 30 INDEXES

   

NEW YORK, September 17, 2003 - Dow Jones Indexes today announced component changes in the Dow Jones Italy Titans 30 and Dow Jones South Africa Titans 30.

Effective with the opening of trading September 22, Seat-Pagine Gialle S.p.A will replace Telecom Italia Media S.p.A in the Dow Jones Italy Titans 30 and Woolworths Holding Ltd. will replace Johnnic Holdings Ltd. in the Dow Jones South Africa Titans 30 index.

The Dow Jones Islamic Market Titans 100 comprises the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25.

Changes are being announced today due to the "Early Removal Rule."This rule is applied when a Titans component is not among the 60 largest companies in the Dow Jones Global Indexes country index when ranked by free-float market capitalization at the conclusion of a regular quarterly review. Normally, changes are made to the Dow Jones Italy Titans 30 and Dow Jones South Africa Titans 30 annually in March. Among the reasons for extraordinary changes is the "Early Removal Rule". The detailed methodology for each index is published in the indexes' rulebooks, accessible on the Dow Jones Indexes web site at http://www.djindexes.com .

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893


Company additions to and deletions from the Dow Jones Italy Titans 30 and Dow Jones South Africa Titans 30 indexes do not in any way reflect an opinion on the investment merits of the company.




COMPONENT CHANGES MADE TO DOW JONES ISLAMIC TITANS 100 INDEXES
Changes are a Result of the Regular Quarterly Review of the Dow Jones Islamic Market Index

   

NEW YORK, September 12, 2003 - Dow Jones Indexes today announced component changes in the Dow Jones Islamic Titans 100 Indexes and its three subindexes as a result of the regular quarterly review of the Dow Jones Islamic Market Index.

Murata Manufacturing Co. Ltd. (Japan) will be deleted from the Dow Jones Islamic Market Titans 100 and its subindex the Dow Jones Islamic Market Asia/Pacific Titans 25 and will be replaced by Tokyo Electron Ltd. (Japan) in both indexes. HCA Inc. (U.S.) will be deleted from the Dow Jones Islamic Titans 100 index and also its subindex the Dow Jones Islamic Market U.S. Titans 50 and will be replaced by EMC Corp. (U.S.) in both indexes.

The Dow Jones Islamic Market Titans 100 comprises the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25.

The changes announced today are a result of a quarterly review of the Dow Jones Islamic Market Index. Component changes made during the review are also applied to all Dow Jones Islamic Market Indexes to ensure compliance with Shari`ah principles. To determine their eligibility for the Dow Jones Islamic Market Titans 100, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Dow Jones Indexes then screens out companies with unacceptable financial ratios: companies whose total debt divided by trailing 12-month average market capitalization is 33% or more; those whose cash plus interest-bearing securities divided by trailing 12-month average market capitalization is 33% or more and those whose accounts receivables divided by total assets is 45% or more.

The component changes will be effective at the start of trading on September 22, 2003.

The Dow Jones Islamic Market Indexes were created for people who wish to invest according to Islamic investment guidelines. The indexes track Shari`ah compliant stocks from around the world, providing Islamic investors with comprehensive tools based on a truly global investing perspective. Further information on the Dow Jones Islamic Market Indexes can be found on www.djindexes.com

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Company additions to and deletions from the Dow Jones Islamic Market Titans 100 and its subindexes do not in any way reflect an opinion on the investment merits of the company.




DOW JONES INDEXES FURTHER EXPANDING BLUE-CHIP INDEX FAMILY
The Dow Jones South Africa Titans 30 Will Be Added To The Dow Jones Country Titans Family

   

NEW YORK, September 1, 2003 - Dow Jones Indexes today announced to launch the Dow Jones South Africa Titans 30 on September 16, 2003. The index is based on blue-chip companies headquartered in South Africa.

Lars Hamich, executive director global business development at Dow Jones Indexes points out, "The index was developed due to a strongly growing importance of the South African market. By adding this first African county as the most advanced emerging market to our country blue-chip index family, we meet market demand for an investable index with a transparent index concept specifically designed to underlie investment products such as funds, exchange-traded funds, structured products and derivatives."

The 30 stocks selected for Dow Jones South Africa Titans 30 are the largest and most liquid securities in their market. With a market capitalization of 455.5 billion ZAR/ 60.8 billion U.S. dollars, the index represents 72% of its respective market capitalization (as of June 30, 2003). The Dow Jones South Africa Titans 30 index is free-float market capitalization weighted and weights are capped at 10% to prevent dominance by any individual company.

The indexes will be distributed on a real-time basis through major market data vendors, starting on September 16, 2003. Historical data on the Dow Jones South Africa Titans 30 index will be available back to December 31, 1991, with a base value of 100.

Further information on the Dow Jones South Africa Titans 30 index will be available at the launch date on September 16, 2003 at www.djindexes.com.

The Dow Jones South Africa Titans 30 is part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 with 18 global sector indexes, Dow Jones Asian Titans 50, 13 Dow Jones Country Titans indexes (that cover Europe, Asia, and North America), Dow Jones Tiger Titans 50 and the Dow Jones Islamic Titans 100.

The countries already covered in the Dow Jones Country Titans family include Australia, Canada, France, Germany, Hong Kong, Italy, Japan, Netherlands, Russia, Spain, Sweden, Switzerland and United Kingdom.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




STOXX, LTD. ANNOUNCES CHANGES TO ITS BLUE-CHIP INDEX SERIES


ZURICH, September 1, 2003 - STOXX Limited today announced the results of the regular annual review of the Dow Jones EURO STOXX 50, Dow Jones STOXX 50 and Dow Jones Nordic 30 blue chip indexes. The changes will be effective on September 22, 2003.

The following company will join the Dow Jones EURO STOXX 50: Iberdrola (Spain, Utilities). The company exiting the index is: Bayerische Hypo & Vereinsbank (Germany, Banks).

The following 2 components will be added to the Dow Jones STOXX 50: Anglo American (UK, Basic Resources) and SAP (Germany, Technology).

Components exiting the index are: Münchener Rückversicherung (Germany, Insurance) and Prudential (UK, Insurance).

There is no component change in the Dow Jones Nordic 30 index.

Changes are being announced today after the conclusion of a regular annual component review. The review is based on the blue-chip rules published on the STOXX web site www.stoxx.com using the September 2003 blue-chip selection lists. The selection lists are based on the stocks in the corresponding Dow Jones STOXX 600 index, Dow Jones EURO STOXX index, Dow Jones STOXX Nordic index and their free float market capitalization as of August 29, 2003.

The underlying component data - new number of shares and free float factors - will be announced on September 17, 2003 and reflect all corporate actions effective before the above changes are implemented on the third Friday of September, which is September 19. The changes will be effective on the next trading day, which is September 22, 2003.

For further information please contact STOXX Ltd./Dow Jones Indexes Public Relations PR-Indexes@dowjones.com

Frankfurt:
Simona Deckers: +49-69-97142894, mobile: +49-160-90502679
Stephanie Schleidt: +49-69-97142893, mobile: +49-170-5637280

New York:
Sybille A. Reitz: +1-917-603-6987 or +49-172-6918963
Karishma Thakkar: +1-212-597-5718, mobile: +1-646-281-1583

Disclaimer:
Company additions to and deletions from Dow Jones STOXX 50SM, Dow Jones EURO STOXX 50SM and Dow Jones STOXX NORDIC 30SM do not in any way reflect an opinion on the investment merits of the company.




STOXX, LTD. CHANGES THE COMPOSITION OF THE EUROPEAN BENCHMARK INDEXES

Third Regular Quarterly Review to be Effective on September 22, 2003

ZURICH, August 19, 2003 - STOXX, Ltd. today announced changes in the composition of the Dow Jones STOXX Total Market Index, the Dow Jones STOXX 600 Index and its sector indexes.

Effective with the open of European markets on September 22, 2003 the following thirteen stocks will be added to the Dow Jones STOXX 600 and its respective sectors: Colt Telecom (Great Britain), Cosmote Mobile (Greek), Grafton (Ireland), Marconi Corporation (Great Britain), Northumbrian Water (Great Britain), Opap (Greek), Sanoma Wsoy (Finland), Somerfield (Great Britain), Stagecoach (Great Britain), Trelleborg (Sweden), Unipol Assicurazioni (Italy), Weir (Great Britain) and Yell (Great Britain).

Companies exiting the index are: Aggreko (Great Britain), ASM International (Netherlands), Benetton (Italy), Caledonia Investments (Great Britain), Easyjet (Great Britain), EMS Chemie (Switzerland), Hagemeyer (Netherlands), Omega Pharma (Belgium), Orion (Finland), Rieter (Switzerland), Securicor (Great Britain), Telecom Italia Media (Italy) and William Demant (Denmark).

The market sectors for the following Dow Jones STOXX 600 components will change: AGFA Gevaert (Belgium) from Cyclical Goods & Services to Industrial Goods & Services and Depfa Bank (Germany) from Financial Services to Banks.

As of July 31, 2003 the total free-float market capitalization of the reconstituted Dow Jones STOXX 600 increased from €4,075.71 billion to €4,083.12 billion and of the reconstituted Dow Jones STOXX Total Market Index to €4,258.28 billion from €4,249.25 billion.

Changes are being announced today after the conclusion of a regular quarterly component review. The adjusted component weightings, including the number of shares and free-float factors, will be announced on September 17, 2003 after close of European markets. All changes will be effective on September 22, 2003.

A list with all changes in the Dow Jones STOXX Total Market Index is available on
http://www.stoxx.com/info/reports/2003/reviews2003.html


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations team:

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718



ADDITIONS DELETIONS
COLT TELECOM Telecommunications AGGREKO Industrial Goods & Services
COSMOTE MOBILE Telecommunications ASM INTERNATIONAL NV Technology
GRAFTON GRP Construction BENETTON GRP Cyclical Goods & Services
MARCONI CORPORATION Technology CALEDONIA INVESTMENTS Financial Services
NORTHUMBRIAN WATER GRP Utilities EASYJET Cyclical Goods & Services
OPAP Cyclical Goods & Services EMS CHEMIE Chemicals
SANOMA WSOY Media HAGEMEYER Industrial Goods & Services
SOMERFIELD Noncyclical Goods & Services OMEGA PHARMA Healthcare
STAGECOACH Noncyclical Goods & Services ORION B Healthcare
TRELLEBORG AB B Automobiles RIETER Industrial Goods & Services
UNIPOL ASSICURAZIONI Insurance SECURICOR GRP Industrial Goods & Services
WEIR GRP Industrial Goods & Services TELECOM ITALIA MEDIA Technology
YELL GRP Media WILLIAM DEMANT Healthcare



COMPONENT CHANGE WILL BE MADE TO DOW JONES TRANSPORTATION AVERAGE

NEW YORK, August 14, 2003 - Dow Jones Indexes today announced that Expeditors International of Washington, Inc., (Seattle, Washington, U.S.) will replace Airborne, Inc. (Seattle, Washington, U.S.) in the Dow Jones Transportation Average, effective after the close of trading on Friday, August 15, 2003.

Expeditors International offers logistics services to companies, with air freight consolidation and related activities accounting for about 55% of its 2002 revenue.

Airborne, Inc. is being dropped from the Dow Jones Transportation Average because much of it is being acquired by DHL Worldwide Express, a unit of Deutsche Post AG.

Further information as well as the complete component list of the Dow Jones Transportation Average can be found on the Dow Jones Indexes Web site at http://www.djindexes.com.

The Dow Jones Transportation Average represents the leading twenty transportation companies in the U.S. It was introduced in 1884 and was composed of nine companies. The Dow Jones Transportation Average is part of the Dow Jones Averages family, which also includes the Dow Jones Industrial Average and the Dow Jones Utility Average.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893




RUSSIA ADDED TO DOW JONES BLUE-CHIP INDEX FAMILY
Dow Jones Indexes and RusIndex Company Cooperate to Create Index for Russia

Advisory Committee to Advise on Russian Market Needs


 

NEW YORK, July 3, 2003 - Dow Jones Indexes and RusIndex Company today launched the Dow Jones RusIndex Titans 10, an index based on blue-chip companies headquartered in Russia. The index was developed jointly by Dow Jones Indexes, a leading global index provider, and RusIndex Company, an independent Russian index agency.

Dow Jones Indexes and RusIndex Company also created an advisory committee that will advise Dow Jones Indexes and RusIndex Company on the methodology of the new indexes in order to reflect the needs of the Russian financial market. The five members of the advisory committee are Sergei Ambartsumov, portfolio manager/head trader, Hermitage Capital Management; Steven Dashevsky, head of research, Aton Capital; Pavel Prosyankin, head of structured products, Troika Dialog; Denis Rodionov, deputy head of research, Brunswick UBS Warburg; and Sergei Suverov, head of research, Bank Zenit.

"Russia is the first emerging market to be added to our Titans family of blue-chip indexes as market participants ask for an investable index with a transparent index concept specially designed to underlie index-linked products such as derivatives and exchange-traded funds," said Lars Hamich, executive director of global business development, Dow Jones Indexes. "By cooperating with RusIndex, we combined our global index expertise with expertise about the Russian financial market, resulting in a premium index concept meeting the needs of Russian investors while also supporting clients domestically and internationally."

Commenting on the index launch, Alexei Mironov, managing director of RusIndex Company, said, "We see Russia joining the 12 markets for which Titans indexes are calculated as an important step in making this market closer to its developed counterparts. Russia has witnessed significant growth during the past few years and has become one of the most attractive markets in the world. As the Russian market develops, investors require a wider range of instruments for their needs."

Mironov added, "Being a success story in the developed markets, the index fund industry is now emerging in Russia. The Dow Jones RusIndex Titans 10 index satisfies demands from the Russian investment community for an index with a recognized and clear methodology suitable for underlying of investment products. We are also very glad to be advised by a diverse advisory committee whose members are among the top professionals in the market."

The Dow Jones RusIndex Titans 10 index is maintained according to a clear, unbiased and systematic methodology. The Dow Jones RusIndex Titans 10 Index will contain the largest and most liquid securities from all Russian stock exchanges. With 10 liquid stocks that cover 60% of the Russian market, the Dow Jones RusIndex Titans 10 will be easy to use as underlying for financial products such as exchange-traded funds or derivatives. The index is free-float market capitalization weighted, and weights are capped at 15% to prevent dominance by any individual company. The composition is reviewed annually in March.

The free-float market capitalization of the Dow Jones RusIndex Titans 10 as of June 30, 2003, is $26 billion. The index is distributed on a real-time basis through major market data vendors. Historical data on the Dow Jones RusIndex Titans 10 will be available back to December 31, 1998, with a base value of 100.

The Dow Jones RusIndex Titans 10 is part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 with 18 global sector indexes, Dow Jones Asian Titans 50, 12 Dow Jones Country Titans indexes (that cover Europe, Asia, and North America), Dow Jones Tiger Titans 50 and the Dow Jones Islamic Titans 100.

The countries covered in the Dow Jones Country Titans family include France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, United Kingdom, Australia, Hong Kong, Japan, and Canada.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Moscow, RusIndex public relations:
Alexei Mironov, +7-916-503-7090
Anastasia Bashkirova, +7-095-997-7955


Notes to Editors

About Dow Jones Indexes and Dow Jones & Company

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

About RusIndex Company
RusIndex is a Russian index agency created in recognition of the market need for an independent provider of financial benchmarks. It was founded by a team of experts previously working for SKATE Information Agency.

RusIndex calculates the MT RusIndex, as well as a family of indexes for the Russian stock market. The family includes 6 composite, 3 sector and 9 industry indexes.




CHANGES TO STOXX LIMITED’S MANAGEMENT TEAM


   

NEW ZURICH, June 30, 2003 - Michael A. Petronella, president of Dow Jones Indexes, has been elected chairman of the Supervisory Board of STOXX Limited, effective July 1, 2003.

In addition, the Supervisory Board of STOXX Limited announced that Elizabeth von Werra has been appointed to managing director, effective Sept. 1, 2003.

Mr. Petronella succeeds current chairman Christoph Lammersdorf, managing director, Information Services, at Deutsche Böerse. The change is a result of the regular annual election of the chairman of the Supervisory Board.

Mr. Petronella, 47, president of Dow Jones Indexes/Ventures,was appointed managing director of Dow Jones Indexes in January 1997. He joined Dow Jones & Company in 1974 after receiving a bachelor’s degree in accounting and an M.B.A. from Rider University in Lawrenceville, N.J.

Elisabeth von Werra, 41, will be responsible for the day-to-day management of STOXX Limited and the global promotion,sale and distribution of the pan-European family of Dow Jones STOXX Indexes. The approximately 270 indexes cover sectors, sizes and style categories.

Christoph Lammersdorf, current chairman of the Supervisory Board of STOXX Limited, says: "Ms. von Werra is a recognized expert in financial management and an experienced leader with an excellent international reputation. With her business sense and her years of experience in fund management, Ms. von Werra is an ideal candidate for the STOXX Limited managing director and we are confident that she will build on the STOXX’s success as the preferred index family for Europe."

Ms. von Werra has been fund manager at Lombard Odier Darier Hentsch & Cie in Geneva,where she managed the Industrial Fund, an equity fund invested globally in industrial companies. As chief analyst at Darier Hentsch & Cie, she also led the global equity research for industrials,which includes chemicals, basic materials, automotive, machinery, engineering, electronic & electrical equipment and building materials. Previously Ms. von Werra was chief financial officer of Akzo Nobel Polymer Chemicals Group in the Netherlands. She received an MBA at INSEAD, Paris,in 1992.

"The Dow Jones STOXX Indexes are the leading European benchmarks -- in Europe and globally. The indexes have all the characteristics necessary to underlie successful investment products, including transparency, consistency and a reputation for quality and innovation," Ms. von Werra said. "It is an exciting challenge for me to set the strategic direction of Europe’s leading index provider and to continue the tradition of innovation that STOXX Limited and its partners have created over the last five years. I look forward to strengthening our dominant position in Europe and fully supporting our global expansion efforts."


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893




FIRST MEXICAN MUTUAL FUNDS BASED ON THE DOW JONES INDUSTRIAL AVERAGE TO BE LAUNCHED BY ACTINVER FONDOS DE INVERSION AND SANTADER SERFIN


   

NEW YORK, June 18, 2003 - Investors in Mexico now will be able to buy or sell mutual funds linked to the performance of the Dow Jones Industrial Average. Dow Jones Indexes, one of the leading global index providers, issued its first such licenses in Mexico to Santander Serfin, Mexico’s third-largest fund company, and Actinver Fondos de Inversion, Mexico’s largest independent fund company.

"This is an another important step for Dow Jones Indexes to establish the Dow Jones Industrial Average, the flagship index of our global index family, as the leading U.S. equity index underlying investment products globally," said Ridgely Walters, senior director of client development and sales for Dow Jones Indexes. "These two new mutual funds will allow Mexican investors for the first time in their home market to invest in the world’s most widely recognized barometer of the United States equity market. We expect that these investment tools will attract many retail and institutional investors."

The mutual funds that are issued on the Dow Jones Industrial Average will be available exclusively in Mexico. It is the first time the Mexican regulatory office has approved investment products based on a non-Mexican equity index. The 30 stocks of the Dow Jones Industrial Average started trading at the Mexican Stock Exchange end of May 2003.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30 and the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893




COMPONENT CHANGE MADE TO DOW JONES FRANCE TITANS 30


   

NEW YORK, June 17, 2003 - Dow Jones Indexes today announced component changes in the Dow Jones France Titans 30 index.

"Effective with the opening of trading Thursday, June 19, 2003 Credit Lyonnais S.A. will be deleted from the Dow Jones France Titans 30 index. Credit Agricole S.A. is acquiring Credit Lyonnais S.A. and will also replace the company in the Dow Jones France Titans 30 index.

The detailed methodology for each index is published in the indexes’ rulebooks accessible on the Dow Jones Indexes web site at www.djindexes.com


Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Company additions to and deletions from the Dow Jones France Titans 30 Index do not in any way reflect an opinion on the investment merits of the company.




DOW JONES INDEXES INTRODUCES THE DOW JONES TIGER TITANS 50 INDEX
First Index to Represent Asian Tiger Markets Hong Kong, Singapore, South Korea and Taiwan

   

NEW YORK, June 17, 2003 - Dow Jones Indexes today launched the Dow Jones Tiger Titans 50, an index based on blue-chip companies headquartered in Hong Kong, Singapore, South Korea and Taiwan.

"With the launch of the Dow Jones Tiger Titans 50, Dow Jones Indexes becomes the first index provider to cover the Asian Tiger markets with a blue-chip index," said Lars Hamich, executive director of global business development. "The four markets included in the index are fast-growing economies with competitive returns in recent years, which makes the index an appealing tool for financial institutions."

The Dow Jones Tiger Titans 50 Index will contain the largest and most liquid securities in Hong Kong, Singapore, South Korea and Taiwan. With 50 liquid stocks, the Dow Jones Tiger Titans 50 will be easy to use as underlying for financial products such as exchange-traded funds or derivatives. The methodology considers free-float market capitalization, sales/revenues, and net profit for component selection. The composition is reviewed annually in June.

Each component’s weight in the Dow Jones Tiger Titans 50 is capped at 10% to prevent dominance by any individual company. With a free-float market capitalization of $320.6 billion the index represents 60% of its respective markets (as of June 13, 2003). The index is distributed on a real-time basis through major market data vendors. Historical data on the Dow Jones Tiger Titans 50 will be available back to December 31, 1991, with a base value of 100.

The Dow Jones Tiger Titans 50 is part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 with 18 global sector indexes, Dow Jones Asian Titans 50, 12 Dow Jones Country Titans indexes and the Dow Jones Islamic Titans 100.

Other information, including the component stocks and weightings of the Dow Jones Tiger Titans 50 Index, is available at www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Company additions to and deletions from the Dow Jones Germany Titans 30 do not in any way reflect an opinion on the investment merits of the company.




COMPONENT CHANGES MADE TO DOW JONES GERMANY TITANS 30

   

NEW YORK, June 13, 2003 - Dow Jones Indexes today announced component changes in the Dow Jones Germany Titans 30.

Effective with the opening of trading Monday, June 23, 2003 Beiersdorf AG (Germany) will replace Degussa AG (Germany) in the Dow Jones Germany Titans 30. Degussa AG has been deleted because of the "Early Removal Rule." The rule is applied when a Titans component is not among the 60 largest companies in the DJGI country index when ranked by free-float market capitalization at the conclusion of a regular quarterly review. Normally, changes are made to the Dow Jones Germany Titans 30 annually in March. Among the reasons for extraordinary changes is the "Early Removal Rule".

The detailed methodology for each index is published in the indexes’ rulebooks accessible on the Dow Jones Indexes web site at http://www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Company additions to and deletions from the Dow Jones Germany Titans 30 do not in any way reflect an opinion on the investment merits of the company.




COMPONENT CHANGES MADE TO DOW JONES ISLAMIC BLUE-CHIP INDEXES
Changes are a Result of the Regular Annual Review of the Indexes

   

NEW YORK, June 12, 2003 - Dow Jones Indexes today announced component changes in the global Dow Jones Islamic Market Titans 100 Indexes and three subset blue-chip indexes - the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25, and the Dow Jones Islamic Market Asia/Pacific Titans 25 after the annual review.

The following four component changes will be made to the Dow Jones Islamic Market U.S. Titans 50. FedEx Corp. (U.S.), HCA Inc. (U.S.), Illinois Tool Works Inc. (U.S.) and CVS Corp. (U.S.) will be added to the index. The following companies are being deleted: Alcoa Inc (U.S.), Target Corp. (U.S.), Electronic Data Systems Corp. (U.S.) and ConocoPhillips (U.S.).

The following two component changes will be made to the Dow Jones Islamic Market Europe Titans 25. Centrica PLC (U.K.) and L’Air Liquide S.A. (France) will be added to the index. The following companies are being deleted: Roche Holding AG (Switzerland) and Anglo American PLC (U.K.).

The following five component changes will be made to the Dow Jones Islamic Market Asia/Pacific Titans 25. Hon Hai Precision Industry Co. Ltd. (Taiwan), Wesfarmers Ltd. (Australia), Eisai Co. Ltd. (Japan), Suzuki Motor Corp. (Japan) and Toppan Printing Co. Ltd. (Japan) will be added to the index. The following companies are being deleted: Hoya Corp. (Japan), SMC Corp. (Japan), Cheung Kong (Holdings) Ltd. (Hong Kong), Sun Hung Kai Properties Ltd., (Hong Kong) and Secom Co. Ltd. (Japan).

To determine their eligibility for the Dow Jones Islamic Market Titans 100, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Dow Jones Indexes then screens out companies with unacceptable financial ratios: companies whose total debt divided by trailing 12-month average market capitalization is 33% or more; those whose cash plus interest-bearing securities divided by trailing 12-month average market capitalization is 33% or more and those whose accounts receivables divided by total assets is 45% or more.

The component changes will be effective at the start of trading on Monday, June 23, 2003.

Further information on the Dow Jones Islamic Market Titans 100 Indexes can be found on www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.



Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893



DOW JONES INDEXES ANNOUNCES CHANGES IN THE DOW JONES GLOBAL TITANS 50, DOW JONES ASIAN TITANS 50 AND DOW JONES SECTOR TITANS 30


 

NEW YORK, June 5, 2003 - Dow Jones Indexes today announced the results of the regular annual review of the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 and Dow Jones Asian Titans 50.

The following 6 component stocks are being changed in the Dow Jones Global Titans 50 index. Dell Computer Corp. (US), Abbott Laboratories (US), Wyeth (US), ENI S.p.A. (Italy), Eli Lilly & Co. (US), and HBOS PLC (Great Britain) will be added to the Dow Jones Global Titans 50 index. The following companies are being deleted: Tyco International Ltd. (US), AXA S.A. (France), Credit Suisse Group (France), Allianz AG Holding (Germany), Sony Corp. (Japan), and AT&T Corp. (US).

Total free-float market capitalization of the reconstituted Dow Jones Global Titans 50 Index increased to $5.06 trillion from $4.87 trillion as of May 30, 2003.

The following six stocks are being changed in the Dow Jones Asian Titans 50 index. Chubu Electric Power Co. (Japan), Millea Holdings Inc. (Japan), Shin-Etsu Chemical Co. Ltd. (Japan), Sharp Corp. (Japan), Nintendo Co. Ltd. (Japan), and Woolworths Ltd. (Australia) will be added to the Dow Jones Asian Titans 50 index.

Murata Manufacturing Co. Ltd. (Japan), NEC Corp. (Japan), Fujitsu Ltd. (Japan), Mizuho Financial Group Inc. (Japan), UFJ Holdings Ltd. (Japan), and Tenaga Nasional Bhd. (Malaysia) will be deleted from the index.

Total free-float market capitalization of the reconstituted Dow Jones Asian Titans 50 Index increased to $824 billion from $789 billion as of May 30, 2003.

COUNTRY COMPANY MARKET SECTOR
Germany DE0005439004 Continental AG Automobiles ADD
US US5218651058 Lear Corp. Automobiles ADD
US US3825501014 Goodyear Tire & Rubber Co. Automobiles DELETE
US US92839U1079 Visteon Corp. Automobiles DELETE
 
Norway NO0005052605 Norsk Hydro ASA Basic Resources ADD
Great Britain GB0008280538 Corus Group PLC Basic Resources DELETE
 
Italy IT0000064854 Unicredito Italiano S.p.A. Banks ADD
US US6354051038 National City Corp. Banks ADD
Great Britain GB0000044551 Abbey National PLC Banks DELETE
Japan JP3890350006 Sumitomo Mitsui Financial Group Inc. Banks DELETE
 
US US1523121044 Centex Corp. Consumer Goods & Services ADD
US US4599021023 International Game Technology Consumer Goods & Services ADD
US US2855121099 Electronic Arts Inc. Consumer Goods & Services ADD
Japan JP3621000003 Toray Industries Inc. Consumer Goods & Services DELETE
Singapore SG1H95001506 Singapore Airlines Ltd. Consumer Goods & Services DELETE
Germany DE0006952005 TUI AG Consumer Goods & Services DELETE
 
South Africa ZAE000006896 Sasol Ltd. Chemicals ADD
Germany DE0006483001 Linde AG Chemicals ADD
Japan JP3684000007 Nitto Denko Corp. Chemicals ADD
Germany DE0005421903 Degussa AG Chemicals DELETE
Japan JP3215800008 Kaneka Corp. Chemicals DELETE
Switzerland CH0012142631 Clariant AG Chemicals DELETE
 
Spain ES0162601019 Grupo Ferrovial S.A. Construction ADD
Thailand TH0003010Z04 Siam Cement PCL Construction ADD
Spain ES0167050311 Actividades de Construccion y Servicios S.A. Construction ADD
Spain Fomento de Construcciones y Contratas S.A. Construction ADD
Great Britain GB0006884620 Pilkington PLC Construction DELETE
Germany DE0006047004 HeidelbergCement AG Construction DELETE
Great Britain GB0000282623 AMEC PLC Construction DELETE
Australia AU000000CSR5 CSR Ltd. Construction DELETE
 
Canada CA8672291066 Suncor Energy Inc. Energy ADD
US US25179M1036 Devon Energy Corp. Energy ADD
Canada CA87425E1034 Talisman Energy Inc. Energy ADD
Norway NO0010096985 Statoil ASA Energy ADD
US US9694571004 Williams Cos. Energy DELETE
Chile CLP7847L1080 Compania de Petroleos de Chile S.A. Energy DELETE
Norway NO0005052605 Norsk Hydro ASA Energy DELETE
South Africa ZAE000006896 Sasol Ltd. Energy DELETE
 
France FR0000120693 Pernod-Ricard S.A. Food & Beverage ADD
Netherlands NL0000375558 Koninklijke Numico N.V. Food & Beverage DELETE
 
Canada CA7392391016 Power Corp. of Canada Financial Services ADD
US US29476L1070 Equity Residential Financial Services ADD
US US3546131018 Franklin Resources Inc. Financial Services ADD
Great Britain GB0031809436 Land Securities Group PLC Financial Services ADD
Japan JP3200450009 Orix Corp. Financial Services DELETE
Japan JP3670000003 Nikko Cordial Corp. Financial Services DELETE
Mexico MX01GF360007 Grupo Financiero BBVA Bancomer S.A. de C.V. B Financial Services DELETE
Japan JP3108600002 Acom Co. Ltd. Financial Services DELETE
 
US US03674B1044 Anthem Inc. Healthcare ADD
Ireland IE0003072950 Elan Corp. PLC Healthcare DELETE
 
US US6668071029 Northrop Grumman Corp. Industrial Goods & Services ADD
US US2441991054 Deere & Co. Industrial Goods & Services ADD
US US00846U1016 Agilent Technologies Inc. Industrial Goods & Services DELETE
Switzerland CH0012221716 ABB Ltd. Industrial Goods & Services DELETE
 
US KYG982551056 XL Capital Ltd. Cl A Insurance ADD
US KYG0070K1031 ACE Ltd. Insurance ADD
US US91529Y1064 UnumProvident Corp. Insurance DELETE
Great Britain GB0006616899 Royal & Sun Alliance Insurance Group PLC Insurance DELETE
 
US US20030N1019 Comcast Corp. Cl A Media ADD
Netherlands NL0000349488 Reed Elsevier N.V. Cert. Media ADD
US US2787621091 EchoStar Communications Corp. Media ADD
US US35138T1079 Fox Entertainment Group Inc. Media DELETE
Great Britain GB0008275660 Granada PLC Media DELETE
US US9029841031 USA Interactive Media DELETE
 
US US9029841031 USA Interactive Noncyclical Goods & Services ADD
Germany DE0006048432 Henkel KGaA Pfd. Noncyclical Goods & Services DELETE
 
US US0758961009 Bed Bath & Beyond Inc. Retail ADD
Germany DE0007257503 Metro AG Retail DELETE
 
France NL0000226223 STMicroelectronics N.V. Technology ADD
Japan JP3973400009 Ricoh Co. Ltd. Technology ADD
US US57772K1016 Maxim Integrated Products Inc. Technology ADD
US US5297711070 Lexmark International Inc. Technology ADD
US US5494631071 Lucent Technologies Inc. Technology DELETE
Japan JP3733000008 NEC Corp. Technology DELETE
Japan JP3818000006 Fujitsu Ltd. Technology DELETE
Great Britain GB0008774316 Marconi PLC Technology DELETE
 
US US00209A1060 AT&T Wireless Services Inc. Telecommunications ADD
Korea KR7017670001 SK Telecom Co. Ltd. Telecommunications ADD
Mexico MXP740451010 Carso Global Telecom S.A. de C.V. A1 Telecommunications DELETE
Great Britain GB0001625572 Cable & Wireless PLC Telecommunications DELETE
 
US US7432631056 Progress Energy Inc. Utilities ADD
Great Britain GB0007908733 Scottish & Southern Energy PLC Utilities ADD
Japan JP3573000001 Tokyo Gas Co. Ltd. Utilities ADD
US US6046751086 Mirant Corp. Utilities DELETE
Brazil BRELETACNOR6 Centrais Eletricas Brasileiras S/A (Eletrobras) Utilities DELETE
US US15189T1079 CenterPoint Energy Inc. Utilities DELETE


The changes will be effective with the opening of trading on June 23, 2003. Full component lists, including market capitalization and weightings are available at www.djindexes.com.

REGIONAL ALLOCATION OF DJ GLOVBAL TITANS BASED ON REVENUES
Region
Before Review
After Review
America
50.62%
53.81%
Europe
43.18%
41.70%
Pacific
6.21%
4.49%
Grand Total
100.00%
100.00%


Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.



Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Sybille A. Reitz: +1-917-603-6987
Karishma Thakkar: +1-646-281-1583

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893



ONECHICAGO TO TRADE FUTURES ON DOW JONES MICROSECTOR INDEXES


 

CHICAGO, IL, June 5, 2003 - OneChicago, LLC and Dow Jones Indexes today announced that they have signed an exclusive license agreement enabling OneChicago to list futures on Dow Jones MicroSector IndexesSM to begin trading Monday, June 23, 2003. Dow Jones Indexes will begin calculating 15 MicroSector Indexes June 16.

MicroSector Indexes are narrow-based equity indexes that include five of the largest and most actively traded stocks in each sector.

OneChicago is a security futures exchange and Dow Jones Indexes is a leading global index provider and the calculator of the world’s best-known financial indexes.

OneChicago Chairman and Chief Executive Officer William J. Rainer said, "OneChicago is pleased to continue a business relationship with Dow Jones Indexes. Futures on MicroSectors are an efficient way to execute spread or sector trades, as well as a host of other trading strategies, with minimal transaction costs."

Mike Petronella, president of Dow Jones Indexes said, "Dow Jones Indexes is enthusiastic to launch the Dow Jones MicroSector Indexes that have been created in collaboration with OneChicago. These narrow-based indexes are highly correlated to their broader industries and give traders and other market participants an effective tool to plan sector rotation strategies. We are looking forward to expanding our business relationship with OneChicago and expect to cover additional industry groups with narrow-based indexes. We also anticipate that these indexes will underlie cash option contracts offered at the Chicago Board Options Exchange."

Dow Jones MicroSector Indexes are derived from stocks and ADRs in industry groups and subgroups that comprise the Dow Jones Global Indexes. A selection list for each index is created from the top ten eligible stocks in the industry group or subgroup ranked by free-float market capitalization, dollar volume and options volume.

The industry groups and subgroups that underlie the initial Dow Jones MicroSector Indexes are Aerospace, Banks, Biotechnology, Communications Technology, Diversified Financial, Electric Utilities, Diversified Industrial, Investment Services, Major Oil Companies, Pharmaceuticals, Precious Metals, Retail, Semiconductors, Software, Technology Hardware and Equipment.

OneChicago will list futures on eight of the 15 MicroSector Indexes June 23 and will list the remaining seven contracts June 27. (A complete list of the components of the first eight MicroSector futures is at the end of this release.) Each MicroSector future will begin trading the Sep03 and Dec03 quarterly contracts. The MicroSector futures are approximately equal dollar weighted and cash settled at expiration. Each contract has five different stocks with the total number of shares allocated to each sector equaling $40,000 at selection. The tick size is $5.00.

OneChicago Lead Market Makers for MicroSectors include: TD Securities/Quant Stat, TradeLink, Timber Hill (a member of the Interactive Brokers Group), Susquehanna International Group, STAT Capital, Equitec and Chicago Trading Co. Lead Market Makers are obligated to make continuous two-sided markets in their assigned products at OneChicago.

Like all OneChicago products, the MicroSector futures will be electronically traded on the CBOEdirect© match engine and accessible through the CBOEdirect and GLOBEX© platforms. Security futures can be held in either a securities or a futures account.

Historical price data and charts on the MicroSectors are available on OneChicago AnalyticsSM a state of the art securities research and analytic system offered through OneChicago’s Web site. The service is now available at no charge to registered users of the Exchange’s site.

OneChicago is a joint venture of the Chicago Board Options Exchange© (CBOE©), Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT©). For more information about OneChicago and its products, please access the OneChicago Web site at www.OneChicago.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30 and the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information. "Dow Jones" and "Dow Jones MicroSector IndexesSM" are service marks of Dow Jones & Company, Inc. and have been licensed by OneChicago, LLC. Futures on the Dow Jones MicroSector Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such products. For more information about Dow Jones MicroSector Indexes beginning June 16, visit www.djindexes.com and select "MicroSector Indexes" under "Specialty Indexes."

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.



The first eight of the 15 MicroSector futures to be launched and their symbols are:
Biotechnology (XBTC9C)
Component stocks:
Amgen Inc. (AMGN)
Biogen Inc. (BGEN)
Genentech Inc. (DNA)
IDEC Pharmaceuticals Corp. (IDPH)
Medimmune Inc. (MEDI)
Communications Technology (XCMT9C)
Cisco Systems Inc. (CSCO)
Juniper Newtworks Inc. (JNPR)
Motorola Inc. (MOT)
Nokia Corp. ADR (NOK)
Qualcomm Inc. (QCOM)
Precious Metals (XPCS9C)
AngloGold Ltd. ADR (AU)
Barrick Gold Corp. (ABX)
Gold Fields Ltd. ADR (GFI)
Harmony Gold Mining Co. Ltd. ADR (HMY)
Newmont Mining Corp. (NEM)
Retail (XRTS9C)
Home Depot Inc. (HD)
Kohl’s Corp. (KSS)
Lowe’s Cos. (LOW)
Target Corp. (TGT)
Wal-Mart Stores Inc. (WMT)
Pharmaceutical (XDRG9C)
Bristol-Myers Squibb Co. (BMY)
Johnson & Johnson (JNJ)
Eli Lilly & Co. (LLY)
Merck & Co. Inc. (MRK)
Pfizer Inc. (PFE)
Diversified Financial (XFIS9C)
American Express Co. (AXP)
Capital One Financial Corp. (COF)
Citigroup Inc. ( C )
Fannie Mae (FNM)
Freddie Mac (FRE)
Semiconductors (XSEM9C)
Applied Materials Inc. (AMAT)
Intel Corp. (INTC)
KLA - Tencor Corp. (KLAC)
Maxim Integrated Products Inc. (MXIM)
Xilinx Inc. (XLNX)
Software (XSOF9C)
Microsoft Corp. (MSFT)
Oracle Corp. (ORCL)
PeopleSoft Inc. (PSFT)
Siebel Systems Inc. (SEBL)
VERITAS Software Corp. (VRTS)


Press Contacts:

OneChicago, LLC
Mary Haffenberg, 312-424-8519
MHaffenberg@OneChicago.com

New York:
Sybille A. Reitz, 212-597-5735
Karishma Thakkar, 212-597-5718




STOXX, LTD. CHANGES THE COMPOSITION OF THE EUROPEAN BENCHMARK INDEXES
Second Regular Quarterly Review to be Effective on June 23, 2003

ZURICH, May 20, 2003 - STOXX, Ltd. today announced changes in the composition of the Dow Jones STOXX Total Market Index, the Dow Jones STOXX 600 Index and its sector indexes.

Effective with the open of European markets on June 23, 2003 the following eight stocks will be added to the Dow Jones STOXX 600 and its respective sectors: Actelion (Switzerland), Public Power Corporation (Greece), Alfa Laval (Sweden), Mobistar (Belgium), Collins Stewart (Great Britain), Billerud (Sweden), Corporacion Mapfre SA (Spain), Banco de Valencia (Spain).

Companies exiting the index are: Caledonia Investments (Great Britain), Hagemeyer (Netherlands), Omega Pharma (Belgium), Benetton Group (Italy), Rexel (France), Acea (Italy), Degussa (Germany), Van Der Moolen (Netherlands).

The market sectors for the following Dow Jones STOXX 600 components will change: Norsk Hydro (Norway) from Energy to Basic Resources, Johnson Matthey (Great Britain) from Basic Resources to Chemicals, Givaudan (Switzerland) from Noncyclical Goods & Services to Chemicals and Metro (Germany) from Retail to Noncyclical Goods & Services.

As of April 30, 2003 the total free-float market capitalization of the reconstituted Dow Jones STOXX 600 increased from €3,758.54 billion to €3,761.39 billion and of the reconstituted Dow Jones STOXX Total Market Index to €3,920.87 billion from €3,917.55 billion.

Changes are being announced today after the conclusion of a regular quarterly component review. The adjusted component weightings, including the number of shares and free-float factors, will be announced on June 18, 2003 after close of European markets. All changes will be effective on June 23, 2003.

A list with all changes in the Dow Jones STOXX Total Market Index is available on http://www.stoxx.com/info/reports/2003/reviews2003.html

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Sybille A. Reitz: +1-917-603-6987
Karishma Thakkar: +1-646-281-1583

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Additions Deletions
Actelion Healthcare Caledonia Investments Financial Services
Public Power Corporation Utilities Hagemeyer Industrial Goods & Services
Alfa Laval Industrial Goods & Services Omega Pharma Healthcare
Mobistar Telecommunications Benetton Group Cyclical Goods & Services
Collins Stewart Financial Services Rexel Industrial Goods & Services
Billerud Basic Resources Acea Utilities
Corporacion Mapfre SA Insurance Degussa Chemicals
Banco de Valencia Banks Van Der Moolen Financial Services



COMPONENT CHANGES MADE TO DOW JONES SWITZERLAND TITANS 30 INDEX

NEW YORK, May 5, 2003 - Dow Jones Indexes today announced changes in the stock components of the Dow Jones Switzerland Titans 30 index.

Effective with the opening of trading on Wednesday, May 7, 2003, Nobel Biocare Holding AG (Switzerland) will replace Disetronic Holding AG (Switzerland) in the Dow Jones Switzerland Titans 30 index. Disetronic Holding AG is being deleted because of its acquisition by Roche PC.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Karishma Thakkar, +1-212-597-5718

Frankfurt
Simona Deckers, +49-69-97142894;
Stephanie Schleidt, +49-69-97142893


Company additions to and deletions from the Dow Jones Switzerland Titans 30 index do not in any way reflect an opinion on the investment merits of the company.




COMPONENT CHANGES MADE TO DOW JONES HEALTHCARE TITANS 30 INDEX AND DOW JONES ISLAMIC TITANS 100 INDEX

NEW YORK, April 15, 2003 - Dow Jones Indexes today announced changes in the stock components of the Dow Jones Healthcare Titans 30 index and the Dow Jones Islamic Titans 100 index.

Effective with the opening of trading on Wednesday, April 16, 2003, Wellpoint Health Networks Inc. (U.S.) will replace Pharmacia Corp. (U.S.) in the Dow Jones Healthcare Titans 30 index.

Additionally, effective with the opening of trading on Wednesday, April 16, 2003, Honeywell International Inc. (U.S.) will replace Pharmacia Corp. (U.S.) in the Dow Jones Islamic Titans 100 index.

Pharmacia Corp. (U.S.) is being deleted because of its acquisition by Pfizer Inc. (U.S.), which is a part of the Dow Jones Healthcare Titans 30 index.

The detailed methodology for each index is published in the indexes, rulebooks accessible on the Dow Jones Indexes web site at http://www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735;
Karishma Thakkar, +1-212-597-5718

Frankfurt
Simona Deckers, +49-69-97142894;
Stephanie Schleidt, +49-69-97142893


Company additions to and deletions from the Dow Jones Healthcare Titans 30 and the Dow Jones Islamic Titans 100 do not in any way reflect an opinion on the investment merits of the company.




DOW JONES INDEXES LAUNCHES TIGER TITANS 50 INDEX
New Asian Blue-chip Index to Cover Asian Tiger Countries

NEW YORK, April 8, 2003 - Dow Jones Indexes today announced it is expanding its Titans blue-chip index series to include an index covering the four of the so-called Asian Tiger countries, Hong Kong, Singapore, South Korea and Taiwan.

The new Dow Jones Tiger Titans 50 index will be launched in the second quarter and will contain 50 of the largest and best-known companies in the four countries.

"The Dow Jones Tiger Titans 50 is the first index to represent Asian Tiger countries," said Lars Hamich, executive director of global business development for Dow Jones Indexes. "The four countries included in the index are fast-growing economies with competitive returns in recent years, which makes the index an interesting tool for financial institutions."

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735;
Karishma Thakkar, +1-212-597-5718

Frankfurt
Simona Deckers, +49-69-97142894;
Stephanie Schleidt, +49-69-97142893





DOW JONES INDEXES WINS PRESTIGIOUS AWARD FOR INNOVATION IN ISLAMIC FINANCE
First Sheikh Mohammed bin Rashid Al Maktoum Awarded for Dow Jones Islamic Market Index


Rushdi Siddiqui
A. Rushdi Siddiqui, Director Islamic Index, after he received the award in Dubai
 

NEW YORK, April 2, 2003 - Dow Jones Indexes has received the first General Sheikh Mohammed bin Rashid Al Maktoum Award for Innovation in Islamic Finance for the Dow Jones Islamic Market Index.

Dow Jones Indexes was honored for its contribution to the standardization of Islamic equity investment criteria with the launch of the Dow Jones Islamic Market Index in 1998. The award was presented at the International Islamic Finance Forum held in Dubai at the end of February.

"We are honored for our work in creating indexes for people who wish to invest according to Islamic investment guidelines," said Lars Hamich, executive director global business development, Dow Jones Indexes. "The Dow Jones Islamic Index series was created because of an increasing demand for social-ethical, Islamic index investment and offers market participants easy access to the largest, most liquid global companies that meet requirements for non-financial, low debt and social ethical markets."

"Credit for this prestigious award goes to our Shari´ah Board and Sheikhs Usmani, Elgari, Abu-Ghuddah, Bakar, Yaquby and Yusuf Talal for their contribution, as well as our licensees and the Dow Jones Indexes team," said Rushdi Siddiqui, global director, Dow Jones Islamic Market Index.

Twenty companies and organizations throughout the world were nominated for this important and prestigious award.

  1. The award was given to Dow Jones Indexes based on the following five criteria:
  2. The Islamic product or service must have been in the public domain for a minimum of one year.
  3. Its impact had to be felt at the retail, high net worth and institutional level.
  4. Its impact also had to be felt beyond its own locality.
  5. Continued support had to be offered since its launch.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:
New York: Sybille A. Reitz, +1-212-597-5735;   Karishma Thakkar, +1-212-597-5718
Frankfurt: Simona Deckers, +49-69-97142894;   Stephanie Schleidt, +49-69-97142893





COMPONENT CHANGES MADE TO DOW JONES SECTOR TITANS 30 INDEXES

   


NEW YORK, March 31, 2003 - Dow Jones Indexes today announced changes in the stock components of the Dow Jones Sector Titans 30 Indexes.

Effective with the opening of trading on Tuesday, April 1, 2003, Unicredito Italiano S.p.A. (Italy) will replace Household International Inc. (US) in the Dow Jones Sector Titans Financial Services index. Household International Inc. (US) is being deleted because of its acquisition by HSBC Holdings PLC (UK) which is apart of the Dow Jones Sector Titans Banks index.

The detailed methodology for each index is published in the indexes’ rulebooks accessible on the Dow Jones Indexes web site at www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893


*Disclaimer: Company additions to and deletions from the Dow Jones Sector Titans 30 Indexes do not in any way reflect an opinion on the investment merits of the company.



COMPONENT CHANGES MADE TO DOW JONES SECTOR TITANS 30 INDEXES
Changes Are Result of A Quarterly Review of the Indexes

   


NEW YORK, March 19, 2003 - Dow Jones Indexes today announced changes in the stock components of the Dow Jones Sector Titans 30 Indexes as the result of reclassifying two companies.

El Paso Corp. (US) will be deleted from the Dow Jones Utilities Sector Titans index because the company has been reclassified into the Energy sector. It will be replaced by FirstEnergy Corp. (US). El Paso Corp. will not be added to the Energy Sector Titan Index at this time.

Carrefour S.A. (France) has been reclassified from the retail to Noncyclical Goods and Services sector and will be deleted from the Dow Jones Retail Sector Titans index. It will be added to the Dow Jones Noncyclical Goods and Services Sector Titans, replacing R.J. Reynolds Tobacco Holdings Inc. (US) which will be removed from this index. AmerisourceBergen Corp (US) will replace Carrefour S.A. in the Dow Jones Retail Sector Titans index.

The component changes will be effective at the start of trading on March 24, 2003.

The changes announced today are a result of a quarterly review of the Dow Jones Sector Titans 30 Indexes. The changes will be effective at the start of trading on Monday, March 24, 2003. Normally, changes are made to Dow Jones Sector Titans 30 Indexes annually. Among the reasons for extraordinary changes are sector reclassifications of component companies. The detailed methodology for each index is published in the indexes’ rulebooks accessible on the Dow Jones Indexes web site at http://www.djindexes.com

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893


*Disclaimer: Company additions to and deletions from the Dow Jones Sector Titans 30 Indexes do not in any way reflect an opinion on the investment merits of the company.



COMPONENT CHANGES MADE TO DOW JONES ISLAMIC MARKET AND DOW JONES ISLAMIC TITANS 100 INDEXES
Changes are a Result of the Quarterly Review of the Dow Jones Islamic Market Index

   


NEW YORK, March 14, 2003 - Dow Jones Indexes today announced component changes in the Dow Jones Islamic Market and Dow Jones Islamic Titans 100 Indexes after a quarterly review.

Motorola Inc (U.S.) and Bayer AG (Germany) will be deleted from both indexes. ConocoPhillips (U.S.) and Rio Tinto PLC (Great Britain) will be added to both the Dow Jones Islamic Market and Dow Jones Islamic Titans 100 indexes.

The changes announced today are a result of a quarterly review of the Dow Jones Islamic Market Index. Component changes made during the review are also applied to all Dow Jones Islamic Market Indexes to ensure compliance with Shariah principles. To determine eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Dow Jones Indexes then screens out companies with unacceptable financial ratios: companies whose total debt divided by trailing 12-month average market capitalization is 33% or more; those whose cash plus interest-bearing securities divided by trailing 12-month average market capitalization is 33% or more and those whose accounts receivables divided by total assets is 45% or more.

The component changes will be effective at the start of trading on March 24, 2003.

The Dow Jones Islamic Market Indexes were created for people who wish to invest according to Islamic investment guidelines. The indexes track Shari`ah compliant stocks from around the world, providing Islamic investors with comprehensive tools based on a truly global investing perspective. Further information on the Dow Jones Islamic Market Indexes can be found on www.djindexes.com

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893



DOW JONES ANNOUNCES CHANGES IN THE COMPOSITION OF COUNTRY BLUE CHIP INDEXES
Changes Are A Result of An Annual Review of the Dow Jones Country Titans Indexes

   


NEW YORK, March 6, 2003 - Dow Jones Indexes today announced changes in the composition of the Dow Jones Country Titans indexes.

Effective March 24, the 25 changes listed below are being made in the following 12 Country Titans Indexes: Dow Jones Japan Titans 100, Dow Jones Sweden Titans 30, Dow Jones Hong Kong Titans 30, Dow Jones Australia Titans 30, Dow Jones Switzerland Titans 30, Dow Jones Netherlands Titans 30, Dow Jones Spain Titans 30, Dow Jones Italy Titans 30, Dow Jones Germany Titans 30, Dow Jones France Titans 30, Dow Jones Canada Titans 40, and Dow Jones U.K. Titans 50.



INDEX ADD DELETE
Dow Jones Australia Titans 30 Qbe Insurance Group Ltd Publishing & Broadcasting Ltd.
  Westfield America Trust Santos Ltd
  TABCorp Holdings Ltd Southcorp Ltd.
Dow Jones Canada Titans 40 Goldcorp Inc. ATI Technologies Inc
Dow Jones France Titans 30 Vinci European Aeronautic Defence & Space Co. EADS
  Thomson Assurances Generales de France S.A.
Dow Jones Germany Titans 30 Deutsche Böerse AG Epcos AG
  Degussa AG MLP AG
Dow Jones Hong Kong Titans 30 BOC Hong Kong (Holdings) Ltd. Henderson Investments Ltd.
  Denway Motors Ltd. Wharf (Holdings) Ltd
Dow Jones Italy Titans 30 Banca Antonveneta S.p.a FinecoGroup S.p.a
  Banca Lombarda S.p.a Holding di Partecipazioni Industriali S.p.a
Dow Jones Japan Titans 100 JFE Holdings Inc. Teijin Ltd
  Olympus Optical Co. Ltd Resona Holdings Inc
Dow Jones Netherlands 30 Vodafone Libertel N.V. Getronics N.V.
Dow Jones Spain Titans 30 Vallehermoso S.A. Promotora de Informaciones S.A.
  Metrovacesa S.A. Sociedad General de Aguas de Barcelona
Dow Jones Sweden Titans 30 Ssab Svenskt Stal AB A WM-Data Nordic AB B
Dow Jones Switzerland Titans 30 Centerpulse AG Converium Holding AG Unaxis Holding S.A. Sulzer AG
Dow Jones U.K. Titans 50 Imperial Tobacco Group PLC Amvescap PLC
  Boots Group PLC Hilton Group PLC
  Scottish & Southern Energy PLC Cable & Wireless PLC
  J Sainsbury PLC Royal & Sun Alliance Insurance Group PLC
  Smiths Group PLC Shire Pharmaceutical Group PLC



The free float market capitalization in $US of the reconstituted Dow Jones Country Titans as of February 28, 2003:
  • Dow Jones Australia Titans 30 increased from $US 200 billion to $US 203 billion
  • Dow Jones Canada Titans 40 increased from $US 279 billion to $US 280 billion
  • Dow Jones France Titans 30 increased from $US 435 billion to $US 438 billion
  • Dow Jones Germany Titans 30 increased from $US 276 billion to $US 281 billion
  • Dow Jones Hong Kong Titans 30 increased from $US 95 billion to $US 97 billion
  • Dow Jones Italy Titans 30 increased from $US 215 billion to $US 220 billion
  • Dow Jones Japan Titans 100 increased from $US 943 billion to $US 951 billion
  • Dow Jones Netherlands Titans 30 increased from $US 282 billion to $US 283 billion
  • Dow Jones Spain Titans 30 increased from $US 191 billion to $US192 billion
  • Dow Jones Sweden Titans 30 increased from $US 105 billion to $US 106 billion
  • Dow Jones Switzerland Titans 30 increased from $US 380 billion to $US 383 billion
  • Dow Jones UK Titans 50 increased from $US 1173 billion to $US 1196 billion

Changes are being announced today after the conclusion of a regular annual component review using the free float market capitalization for components as of February 28, 2003. The changes will be effective at the start of trading on March 24, 2003. The review is based on a methodology that considers free-float market capitalization. The detailed methodology for each index is published in the indexes’ rulebooks, accessible on the Dow Jones Indexes web site at http://www.djindexes.com

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to:
PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations team:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893





DOW JONES TAKES FIRST SHEIKH MOHAMMED ISLAMIC FINANCE INNOVATION AWARD


   


NEW YORK, March 4, 2003 - The first General Sheikh Mohammed bin Rashid Al Maktoum Award for Innovation in Islamic Finance has been awarded to the Dow Jones Islamic Market Index, for its contribution to the standardizing of Islamic equity investment criteria since its launch in 1998.

The prestigious award was presented Sunday night (February 23) at a Gala Dinner held in conjunction with the International Islamic Finance Forum, underway at the Crowne Plaza hotel, Dubai.

"The emergence of an index from such a heavyweight name as Dow Jones has had a tremendous impact in Islamic equity investment criteria," said Chris Mullinger, Conference Director, IIR, organizer of the forum.

Award 2
"The Dow Jones Islamic Market Index has brought the blue-chip name of Dow Jones to Islamic equity investment with a lasting effect on the very concept of Shari`ah based finance. The standardization it has achieved is something very much sought after in other areas of Islamic finance." With 35 Islamic Indexes and nearly US $1.8 billion managed against them, the Dow Jones Islamic Market Index is a worthy, global winner," said Mullinger.

The winner was chosen from over 20 nominations by a panel of distinguished judges. They were Dr Mohammed El Gari, Islamic Scholar, Saudi Arabia; Dr Daud Baker, Islamic Scholar, Malaysia; Professor Mahmoud El-Gamal, Rice University, USA and Mushtak Parker, Publisher of Islamic Banker and a writer on Islamic finance.

In addition to Dow Jones, four other Islamic finance organizations were short listed for the award. They were Saudi Arabia’s National Commercial Bank and Bank Al-Jazirah;the Maybank banking group, Malaysia and Tabung Haji, the largest savings institutions in Malaysia.

Award 3
The three-day International Islamic Finance Forum, that is being attended by over 300 delegates from 25 countries, spanning the USA, Europe, Middle East and Far East, is addressing key challenges faced by the Islamic finance sector, that is worth US $230 billion and predicted to maintain double digit growth for the next 15-20 years.

These include the international regulatory environment and how it affects Islamic finance;Muslim country stock exchanges and Islamic financial centres;the pros and cons of Islamic hedge fund plans;wealth management post 9/11; new Islamic indexes, funds and sukuk market and international moves in the Islamic mortgage market.

The forum and its associated exhibition is being held under the patronage of His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister. It has been organized in association with Dow Jones Indexes, the Saudi Economic and Development Company (SEDCO) and ihilal Services.


For further information: Chris Mullinger, Conference Director, IIR Holdings Ltd, Dubai, UAE. Tel: + 971 4 336 5161. Email: chris.m@iirgulf.com or visit the conference online at: www.iff.net




DOW JONES STOXX INDEXES CELEBRATE 5th ANNIVERSARY
Cheeky Innovation Became the European Index Success Story


   



ZURICH, February 28, 2003 - The Dow Jones STOXX indexes celebrate the fifth anniversary of their launch on Friday, February 28. In this short time they have established themselves as index market leaders in Europe’s financial markets. Today they underlie financial products globally with increasing demand in the U.S. and Asia coming on top of wide acceptance in Europe.

"The Dow Jones STOXX Indexes were created in 1998 to provide investors moving from a country to a regional investment approach with liquid, transparent and rules-based regional indexes in advance of the launch of the euro and the creation of the Eurozone. By launching these indexes the STOXX Limited partners set the standard for a new European index landscape. The great success of the Dow Jones STOXX indexes are proof that the partners, (Deutsche Böerse, SWX Swiss Exchange and Dow Jones) had the right vision in 1997," said Thorsten Neufeld, chairman of the Supervisory Board of STOXX, Ltd.

Ettore Candolfi, acting managing director of STOXX, Ltd., commenting on the anniversary, said: "The Dow Jones STOXX indexes are an example of European integration at its most successful. The indexes have provided the catalyst for a massive increase in cross border financial trading in a very short period. We even set the stage for global expansion by immediately including the Dow Jones STOXX indexes in the Dow Jones World index family. Today we are the index provider of choice for organizations considering European-based investment products."

The Dow Jones STOXX blue-chip indexes emerged as the most popular benchmarks for the European market and the Eurozone. They are the basis of the most liquid futures and options contracts in as well as more than 37% of the European market in exchange-traded funds (ETFs). They account for 50% of European products based on index baskets. The futures contract on the Dow Jones Euro STOXX 50 has the largest open interest (outstanding contracts) of all futures contracts in Europe and the second largest worldwide.

STOXX, Ltd. is a joint venture of Deutsche Böerse AG, SWX Swiss Exchange and Dow Jones Indexes. Dow Jones STOXX and Dow Jones indexes together form a globally integrated index family, which comprises a wide range of indexes covering world equity markets by country, region, stock size, sector and style (growth and value).

Milestones in the first five years of Dow Jones STOXX indexes include:

  • June 15, 1998 - Sector indexes are launched.
  • June 22, 1998 - Regional futures and options on Dow Jones STOXX 50 and Dow Jones Euro STOXX 50 blue-chip indexes begin trading.
  • April 4, 2000 - First equity ETFs in Europe are launched based on Dow Jones STOXX 50 and Dow Jones Euro STOXX 50.
  • September 18, 2000 - Dow Jones STOXX indexes become the first European indexes to adopt component weightings based on shares actually available to public investors (free float market capitalization) rather than all outstanding shares.
  • July 18, 2001 - First European value and growth indexes are launched.
  • October 15, 2001 - First European sustainability indexes are launched.



Journalists may e-mail questions regarding this press release to:
PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations team:

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718





DOW JONES INDEXES LAUNCHES ISLAMIC BLUE-CHIP INDEXES


   


NEW YORK, February 18, 2003 - Dow Jones Indexes today announced the expansion of its family of blue-chip indexes as well as its Dow Jones Islamic Market Indexes by adding the global Dow Jones Islamic Market Titans 100 and three subset blue-chip indexes - the Dow Jones US Islamic Titans 50, the Dow Jones Europe Islamic Titans 25 and the Dow Jones Asia/Pacific Titans 25.

Lars Hamich, executive director global business development of Dow Jones Indexes, said, "The Dow Jones Islamic Market Titans 100 has been created because of an increasing demand for social-ethical and Islamic index investment. The indexes offer market participants easy access to the largest and most liquid global companies that meet requirements for non-financial, low debt and social ethical markets. We anticipate exchange-traded funds to be launched in the near future to complement the existing mutual funds and certificates based on the Dow Jones Islamic Index family."

To determine their eligibility for the Dow Jones Islamic Market Titans 100, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Dow Jones Indexes then screens out companies with unacceptable financial ratios: companies whose total debt divided by trailing 12-month average market capitalization is 33% or more; those whose cash plus interest-bearing securities divided by trailing 12-month average market capitalization is 33% or more and those whose accounts receivables divided by total assets is 45% or more.

The Dow Jones Islamic Market Titans 100 is weighted by float adjusted market capitalization. The index represents with only seven percent of the number of the companies - in permissible businesses and with acceptable ratios - 77 percent of these companies’ market capitalization. Weights within the index are capped at 10% to prevent dominance by any individual company.

The indexes are calculated in real-time and are distributed through major market data vendors. Historical data on the Dow Jones Islamic Market Titans 100 index is available back to Dec. 31, 1995.

The Dow Jones Islamic Market Titans 100 comprises the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25.

The Top Five companies in the Dow Jones Islamic Market Titans 100 and Dow Jones US Islamic Titans 50 indexes are:



COMPANY NAME
COUNTRY
Exxon Mobile Corp.
USA
Microsoft Corp.
USA
Pfizer Inc.
USA
Johnson & Johnson
USA
International Business Machines Corp.
USA



COMPANY NAME
COUNTRY
Vodafone Group PLC
UK
BP PLC
UK
GlaxoSmithKline PLC
UK
TotalFinalElf S.A.
Switzerland
TotalFinalElf S.A.
France



COMPANY NAME
COUNTRY
NTT DoCoMo Inc.
Japan
Canon Inc.
Japan
Takeda Chemical Industries Ltd.
Japan
Taiwan Semiconductor Manufacturing Co. Ltd.
Taiwan
Fuji Photo Film Co. Ltd.
Japan



Further information on the Dow Jones Islamic Market Titans 100 Index as well as ticker symbols of the major data vendors is available at www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, and the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to:
PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:


Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718





NEW DIVISORS FOR DOW JONES INDUSTRIAL AVERAGE


   


NEW YORK, February 18, 2003 - Starting with Tuesday, February 18, stock market trading, the Dow Jones Industrial Average and the 65-stock Composite Average will be calculated with new divisors because of Microsoft Corp’s 2-for-1 common stock split.

As a result, the divisor for the Dow Jones Industrial Average changes to 0.14279922 from 0.14585278 and the 65-stock Composite Average changes to 0.88320816 from 0.89411643.

To understand how this and other stock splits effect the calculation of the Dow Jones Industrial Average click here for an explanation.




CONFIDENCE IN FINANCIAL MARKETS REMAINS LOW
U.S. Economy Is Showing Signs of Recovery From Recession


   


NEW YORK, January 16, 2003 - Global stock markets are expected to remain difficult in 2003 with a potential for deflation, according to leading market experts speaking at an event sponsored by Dow Jones Indexes and the New York Foreign Press Center.

Speakers at the event included: Michael Rothman, senior energy market specialist at Merrill Lynch; Kent L. Womack, finance professor at Tuck School of Business at Dartmouth College and Diane M. Garnick, global investment strategist at State Street Global Advisors.

Below are selected highlights from each of their remarks:

Finding Common Ground on an Oil Price Range

"We believe 1999 marked the start of a paradigm shift in the oil markets with the Group of Seven and Organization of Oil Exporting Countries having found common ground that an oil price range with $25 as a rough centerpoint was mutually acceptable," says Michael Rothman, Senior Energy Market Specialist, Merrill Lynch.

Current Conflicts of Interest in Investment Banks Are Not Expected to Hinder Raising Global Capital

"Investment banks have certainly gotten themselves into a legal and political ’pickle’ over the disingenuous and blatantly overly optimistic recommendations they made in the ’go-go’ ’90s. While it will cost them serious dollars, it will not seriously affect global capital-raising. There is convincing evidence in both the U.S. and Europe that professional investors get what they need from analysts, whether the information is biased or not. They know the trick of how to ’de-bias’ it," says Kent L. Womack, Finance Professor at Tuck School of Business at Dartmouth College. "What is unfortunate, and even a little silly, is that so much money will be thrown off of a tall building in the recent settlement that will cost a lot, provide very little incremental value, and set up a new series of perverse incentives."

Confidence in Financial Markets Remains Low

"Although the U.S. economy is showing signs of recovering from recession, U.S. investors aren’t enthusiastic just yet about getting back into the stock market. Asia is expected to continue its recession while Europe seems to represent the best opportunities given the valuation level," says Diane M. Garnick, global investment strategist, State Street Global Advisors.

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