Standard & Poor's Announces Changes In S&P/TSX Canadian Indices



    TORONTO, June 13 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:

    
    -   The shareholders of Sobey's Inc. (TSX:SBY) have approved the plan of
        arrangement whereby Empire Company Limited (TSX:EMP.A) will acquire
        all of the outstanding shares of Sobey's Inc. for $CDN58.00 cash per
        share. Sobey's Inc. will be removed from the S&P/TSX Composite and
        Capped Composite, the S&P/TSX Equity, Capped Equity and Equity
        Completion, the S&P/TSX Completion and the S&P/TSX Capped Consumer
        Staples Indices. The transaction will be effective after the close on
        Friday, June 15, 2007.
    -   The shareholders of Algoma Steel Inc. (TSX:AGA) have accepted the
        $CDN56.00 cash per share offer from Essar Global Limited
        (Mumbai:ESRG). Algoma Steel Inc. will be removed from the S&P/TSX
        Composite and Capped Composite, the S&P/TSX Equity, Capped Equity and
        Equity Completion, the S&P/TSX Completion and the S&P/TSX Capped
        Materials Indices. The transaction will be effective after the close
        on Friday, June 15, 2007.
    -   The shareholders of Custom Direct Income Fund (TSX:CDI.UN) have
        accepted the $CDN10.20 cash per unit offer from Edgestone Capital
        Partners. Custom Direct Income Fund will be removed from the S&P/TSX
        SmallCap Index. The transaction will be effective after the close on
        Friday, June 15, 2007.
    

    Company additions to and deletions from an S&P equity index do not in any
way reflect an opinion on the investment merits of the company.

    About Standard & Poor's

    Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:  MHP), is
the world's foremost provider of financial market intelligence, including
independent credit ratings, indices, risk evaluation, investment research and
data. With approximately 7,500 employees, including wholly owned affiliates,
located in 21 countries, Standard & Poor's is an essential part of the world's
financial infrastructure and has played a leading role for more than 140 years
in providing investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more
information, visit http://www.standardandpoors.com
    Founded in 1888, The McGraw-Hill Companies is a leading global
information services provider meeting worldwide needs in the financial
services, education and business information markets through leading brands
such as Standard & Poor's, BusinessWeek, McGraw-Hill Education and J.D. Power
and Associates. The Corporation has more than 240 offices in 36 countries.
Sales in 2005 were $6.0 billion. Additional information is available at
http://www.mcgraw-hill.com.




For further information:

For further information: Tony North, Tel. (416) 507-3200,
sp_index@standardandpoors.com; Dave Guarino, (212) 438-1471,
dave_guarino@standardandpoors.com

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Standard & Poor's Canadian Index Operations

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