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

    TORONTO, Jan. 3 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:

    - On July 31, 2007, Brookfield Asset Management Inc. (TSX:BAM.A)
    announced the distribution of its infrastructure assets into a newly
    created, NYSE-listed, public partnership named Brookfield Infrastructure
    Partners L.P. The distribution will take place on the basis of one share
    of Brookfield Infrastructure Partners for every 25 shares of Brookfield
    Asset Management Inc. held. Since it is anticipated that there will be no
    when-issued trading on NYSE of Brookfield Infrastructure Partners, the
    distributed securities will be added at zero price and value after the
    close on Wednesday, January 9, 2008, to all the same indices where
    Brookfield Asset Management is a constituent. There will be no divisor
    changes to any indices as a result of this distribution on this date. The
    distributed shares of Brookfield Infrastructure Partners L.P. will be
    deleted from all indices after the close of the first day of trading,
    Thursday, January 31, 2008, at the close price on NYSE. The price will be
    converted to Canadian dollars using the WM rate from 4:00 pm London time
    on that date.

    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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