S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

COM DEV International Ltd. (TSX:CDV) Completes a Transaction with Honeywell International Ltd. (HON)

TORONTO, Feb. 4, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The Arrangement Agreement between COM DEV International Ltd. (TSX:CDV) and Honeywell International Inc. (NYSE: HON) has been completed. Honeywell will acquire the equipment business of COM DEV for an initial cash consideration of $5.125 per COM DEV share (all figures are in Canadian dollars). The maritime ship tracking business of COM DEV, called exactEarth Ltd., will be spun out to COM DEV shareholders on the basis of 0.197854963 shares of exactEarth for each COM DEV share held. A subsequent payment from Honeywell to COM DEV shareholders of up to $CDN0.125 per COM DEV share will also be made approximately 2 weeks later.

The index treatment of this event in the S&P/TSX SmallCap and the S&P/TSX Capped Information Technology Indices will be as follows. The $5.125 cash payment to CDV shareholders will be treated as a special dividend with an ex-date of Tuesday, February 9, 2016. At the same time, there will be a name and ticker change of COM DEV to exactEarth Ltd. (TSX:XCT). Also, the shares will be consolidated on a 0.197854963-for-1 basis. The consolidated shares of exactEarth Ltd. will remain in both the aforementioned indices.

As required, a separate announcement about the subsequent cash payment will be made when details are known.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

SOURCE S&P Dow Jones Indices

For further information: Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, tony.north@spdji.com; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, david.blitzer@spdji.com

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