Dow Jones Indexes Announces Changes to Dow Jones Islamic Market Indexes


NEW YORK, June 9, 2005 (PRIMEZONE) -- Dow Jones Indexes today announced two changes affecting the Dow Jones Islamic Market Titans 100 and the Dow Jones Islamic Market Indexes. Both sets of changes have been approved by the Shari'ah Board of the Dow Jones Islamic Market Indexes.

First, Dow Jones Indexes announced component changes in the Dow Jones Islamic Market Titans 100 Indexes and its three subindexes as a result of the annual review of the Dow Jones Islamic Market Titans 100 Index. The Dow Jones Islamic Market Titans 100 comprises the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25.

Effective June 20, 12 companies will be deleted from the Dow Jones Islamic Market Titans 100 and replaced with an equal number. Among the subindexes, five will be replaced in the Dow Jones Islamic Market Asia/Pacific Titans 25; three in the Dow Jones Islamic Market Europe Titans 25, and four in the Dow Jones Islamic Market U.S. Titans 50.

Second, Dow Jones Indexes has revised one of the three financial screens that are used in selecting companies' stocks for the Dow Jones Islamic Market Indexes. The change addresses accounts receivable or the illiquid assets of compliant company. The new screen is to eliminate companies whose accounts receivables divided by trailing 12-month average market capitalization is 33% or more. The previous screen limited accounts receivables to 45% of total assets.

The new financial screen also will be effective at the start of trading on June 20, 2005.

Component changes made during the review are also applied to all Dow Jones Islamic Market Indexes screenings to ensure compliance with Shari'ah principles. To determine their eligibility for the Dow Jones Islamic Market Titans 100, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Dow Jones Indexes then screens out companies with unacceptable financial ratios: companies whose total debt divided by trailing 12-month average market capitalization is 33% or more; those whose cash plus interest-bearing securities divided by trailing 12-month average market capitalization is 33% or more and those whose accounts receivables divided by trailing 12-month average market capitalization is 33% or more.

The Dow Jones Islamic Market Indexes were created for people who wish to invest according to Islamic investment guidelines. The indexes track Shari`ah compliant stocks from around the world, providing Islamic investors with comprehensive tools based on a truly global investing perspective. Further information on the Dow Jones Islamic Market Indexes can be found on www.djindexes.com

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:



 New York:
 Sybille A. Reitz, +1-212-597-5735

 Frankfurt:
 Simona Deckers, +49-69-97142894
 Nicole Wesch, +49-69-97142893

Dow Jones Islamic Market Titans 100 Annual Review Results



   Country             Company                          Add/Delete
   -------------------------------------------------------------------
            Dow Jones Islamic Market U.S. Titans 50
   -------------------------------------------------------------------

 United States   ConocoPhillips                               Add
 United States   Tyco International Ltd.                      Add
 United States   Target Corp.                                 Add
 United States   Yahoo! Inc.                                  Add
 United States   Illinois Tool Works Inc.                     Delete
 United States   Kohl's Corp.                                 Delete
 United States   United Technologies Corp.                    Delete
 United States   First Data Corp.                             Delete
 ---------------------------------------------------------------------
        Dow Jones Islamic Market Asia/Pacific Titans 25
 ---------------------------------------------------------------------
 Japan           Takeda Pharmaceutical Co. Ltd.               Add
 Japan           Nippon Telegraph & Telephone Corp.           Add
 South Korea     POSCO                                        Add
 Japan           Bridgestone Corp.                            Add
 Japan           Hoya Corp.                                   Add
 Japan           Suzuki Motor Corp.                           Delete
 South Korea     SK Telecom Co. Ltd.                          Delete
 Japan           Yamato Transport Co. Ltd.                    Delete
 Japan           Dai Nippon Printing Co. Ltd.                 Delete
 Japan           Secom Co. Ltd.                               Delete
 --------------------------------------------------------------------
             Dow Jones Islamic Market Europe Titans 25
 --------------------------------------------------------------------
 Sweden          L.M. Ericsson Telephone Co. B                Add
 United Kingdom  Anglo American PLC                           Add
 United Kingdom  BHP Billiton PLC                             Add
 Italy           Telecom Italia Mobile S.p.A.                 Delete
 Switzerland     Nestle S.A.                                  Delete
 Germany         Siemens AG                                   Delete
 --------------------------------------------------------------------

 Disclaimer: Company additions and deletions do not in any way reflect
             an opinion on the investment merits of the company.

Note to Editors:

About Dow Jones Indexes

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE:DJ) (dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

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