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

    TORONTO, June 4 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:

      -  On Wednesday, May 30th, 2007, the shareholders of Fairquest Energy
         Limited (TSX:FQE) approved the plan of arrangement with Fairborne
         Energy Trust (TSX:FEL.UN). Each share of Fairquest Energy will be
         exchanged for 0.39 units of Fairborne Energy Trust. As a result,
         Fairquest Energy Limited will be removed from the S&P/TSX SmallCap
         and Equity SmallCap indices. The relative weight of Fairborne
         Energy Trust will increase in the S&P/TSX SmallCap Index only to
         reflect the issuance of units as part of the transaction, which
         will be effective after the close of Wednesday, June 6, 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
    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

For further information:

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

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Standard & Poor's Canadian Index Operations

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