NEW YORK, September 7, 2004—Dow Jones Indexes today announced component changes to the Dow Jones Sector Titans 30 as a result of an annual review that also utilizes the new Dow Jones Indexes/FTSE Industry Classification Benchmark format.

Normally, the Dow Jones Sector Titans indexes are reviewed annually in June. The review was postponed to coincide with the implementation of the new Dow Jones Indexes/FTSE Industry Classification system (ICB) by Dow Jones Indexes. The ICB system will create a single, seamless structure covering equities and corporate bonds globally and will cover 50,000 companies. The extraordinary changes in the Dow Jones Sector Titans indexes are a result of sector reclassifications of component companies with the implementation of the new ICB system as well as the annual review. The following companies will be added/deleted from the Dow Jones Sector Titans indexes:

Country Company Add/Delete Reason for Removal US Valero Energy Corp. add Annual Review South Africa Sasol Ltd. add ICB Sector Change US Transocean Inc. delete Annual Review US Kerr-McGee Corp. delete Annual Review Dow Jones Sector Titans Chemicals US Monsanto Co. add Annual Review Taiwan Formosa Petrochemical Corp. add Annual Review Japan Toray Industries Inc. add Annual Review South Africa Sasol Ltd. delete ICB Sector Change US Engelhard Corp. delete Annual Review US Eastman Chemical Co. delete Annual Review Dow Jones Sector Titans Basic Resources Country Company Add/Delete Reason for Removal Japan Sumitomo Metal Industries Ltd. add Annual Review US Phelps Dodge Corp. add Annual Review Canada Placer Dome Inc. add Annual Review US MeadWestvaco Corp. add Annual Review US Georgia-Pacific Corp. delete ICB Sector Change Canada Abitibi-Consolidated Inc. delete Annual Review South Africa Anglo American Platinum Corp. Ltd. delete Annual Review Germany ThyssenKrupp AG delete Annual Review Dow Jones Sector Titans Construction & Materials US Fortune Brands Inc. add ICB Sector Change US American Standard Cos. Inc. add Annual Review Japan Matsushita Electric Works Ltd. add Annual Review US Georgia-Pacific Corp. add ICB Sector Change Great Britain BPB PLC delete Annual Review Japan Taiheiyo Cement Corp. delete Annual Review Hong Kong CITIC Pacific Ltd. delete Annual Review US Jacobs Engineering Group Inc. delete Annual Review Dow Jones Sector Titans Industrial Goods & Services France Schneider Electric S.A. add Annual Review Japan Toshiba Corp. add ICB Sector Change Japan Mitsubishi Heavy Industries Ltd. delete Annual Review Japan East Japan Railway Co. delete ICB Sector Change Dow Jones Sector Titans Automobiles & Parts US Harley-Davidson Inc. add ICB Sector Change Japan Mitsubishi Motors Corp. delete Annual Review Dow Jones Sector Titans Personal & Household Goods Japan Sony Corp. add ICB Sector Change France LVMH Moet Hennessy Louis Vuitton add ICB Sector Change Japan Matsushita Electric Industrial Co. Ltd. add ICB Sector Change Japan Fuji Photo Film Co. Ltd. add ICB Sector Change Netherlands Koninklijke Philips Electronics N.V. add ICB Sector Change Japan Sharp Corp. add ICB Sector Change US Nike Inc. Cl B add ICB Sector Change Switzerland Compagnie Financiere Richemont S.A. add ICB Sector Change Japan Nintendo Co. Ltd. add ICB Sector Change US Eastman Kodak Co. add ICB Sector Change US Electronic Arts Inc. add ICB Sector Change Japan Sanyo Electric Co. Ltd. add ICB Sector Change US Mattel Inc. add ICB Sector Change Japan Sekisui House Ltd. add ICB Sector Change Sweden AB B add ICB Sector Change US Cendant Corp. delete ICB Sector Change US eBay Inc. delete ICB Sector Change US IAC/InterActiveCorp. delete ICB Sector Change Great Britain J Sainsbury PLC delete Annual Review Great Britain Tesco PLC delete ICB Sector Change Netherlands Koninklijke Ahold N.V. delete ICB Sector Change France Carrefour S.A. delete ICB Sector Change Japan Seven-Eleven Japan Co. Ltd. delete ICB Sector Change Australia Woolworths Ltd. delete Annual Review US Albertsons Inc. delete Annual Review US Kroger Co. delete ICB Sector Change US Safeway Inc. delete Annual Review US Sysco Corp. delete ICB Sector Change US Fortune Brands Inc. delete ICB Sector Change US Newell Rubbermaid Inc. delete Annual Review Dow Jones Sector Titans Healthcare US Boston Scientific Corp. add Annual Review US Tenet Healthcare Corp. delete Annual Review Dow Jones Sector Titans Retail Great Britain Tesco PLC add ICB Sector Change France Carrefour S.A. add ICB Sector Change US Sysco Corp. add ICB Sector Change US IAC/InterActiveCorp. add ICB Sector Change US Kroger Co. add ICB Sector Change US eBay Inc. add ICB Sector Change Japan Seven-Eleven Japan Co. Ltd. add ICB Sector Change Netherlands Koninklijke Ahold N.V. add ICB Sector Change US Bed Bath & Beyond Inc. delete Annual Review Mexico Wal-Mart de Mexico S.A. de C.V. V delete Annual Review France Pinault-Printemps-Redoute S.A. delete Annual Review US May Department Stores Co. delete Annual Review Country Company Add/Delete Reason for Removal US Sears, Roebuck & Co. delete Annual Review Great Britain Boots Group PLC delete Annual Review US AmerisourceBergen Corp. (Holding Co.) delete Annual Review US Limited Brands Inc. delete Annual Review Dow Jones Sector Titans Media Japan Dai Nippon Printing Co. Ltd. add Annual Review Japan Toppan Printing Co. Ltd. add Annual Review US Cox Communications Inc. Cl A delete Annual Review Netherlands Wolters Kluwer N.V. Cert. delete Annual Review Dow Jones Sector Titans Travel & Leisure Japan East Japan Railway Co. add ICB Sector Change US Cendant Corp. add ICB Sector Change Japan Central Japan Railway Co. add Annual Review Great Britain Carnival PLC add Annual Review Japan West Japan Railway Co. add Annual Review US Harrah's Entertainment Inc. add Annual Review US Hilton Hotels Corp. add Annual Review US Royal Caribbean Cruises Ltd. add Annual Review Japan Kintetsu Corp. add Annual Review Japan Tokyu Corp. add Annual Review Great Britain Whitbread PLC add Annual Review Singapore Singapore Airlines Ltd. add Annual Review Germany Deutsche Lufthansa AG add Annual Review Japan Oriental Land Co. Ltd. add Annual Review Ireland Ryanair Holdings PLC add Annual Review US Wendy's International Inc. add Annual Review Australia TABCorp Holdings Ltd. add Annual Review US Darden Restaurants Inc. add Annual Review France LVMH Moet Hennessy Louis Vuitton delete ICB Sector Change Switzerland Compagnie Financiere Richemont S.A. delete ICB Sector Change Netherlands Koninklijke Philips Electronics N.V. delete ICB Sector Change Country Company Add/Delete Reason for Removal Korea LG Electronics Inc. delete Annual Review Japan Matsushita Electric Industrial Co. Ltd. delete ICB Sector Change Japan Sanyo Electric Co. Ltd. delete ICB Sector Change Japan Sharp Corp. delete ICB Sector Change Japan Sony Corp. delete ICB Sector Change US Nike Inc. Cl B delete ICB Sector Change Sweden Electrolux AB B delete ICB Sector Change Japan Sekisui House Ltd. delete ICB Sector Change US Centex Corp. delete Annual Review Japan Fuji Photo Film Co. Ltd. delete ICB Sector Change US Eastman Kodak Co. delete ICB Sector Change US Harley-Davidson Inc. delete ICB Sector Change Japan Nintendo Co. Ltd. delete ICB Sector Change US Electronic Arts Inc. delete ICB Sector Change US Mattel Inc. delete ICB Sector Change Dow Jones Sector Titans Banks US Citigroup Inc. add ICB Sector Change US Bank of New York Co. delete Annual Review Dow Jones Sector Titans Financial Services Taiwan Cathay Financial Holding Co. Ltd. add Annual Review US Simon Property Group Inc. add Annual Review Canada Power Corp. of Canada delete Annual Review US Citigroup Inc. delete ICB Sector Change Dow Jones Sector Titans Technology US Yahoo! Inc. add Annual Review Japan NEC Corp. add Annual Review Japan Toshiba Corp. delete ICB Sector Change US VERITAS Software Corp. delete Annual Review

The changes will be effective with the opening of trading on September 20, 2004.

Full component lists, including market capitalization and weightings are available at www.djindexes.com.

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

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 +49-69-9714289
Nicole Wesc, +49-69-97142893

Note to editors:
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