Changes are a Result of the Quarterly Review of the Dow Jones Islamic Market Index

NEW YORK (Mar. 14, 2003) — Dow Jones Indexes today announced component changes in the Dow Jones Islamic Market and Dow Jones Islamic Titans 100 Indexes after a quarterly review.

Motorola Inc (U.S.) and Bayer AG (Germany) will be deleted from both indexes. ConocoPhillips (U.S.) and Rio Tinto PLC (Great Britain) will be added to both the Dow Jones Islamic Market and Dow Jones Islamic Titans 100 indexes.

The changes announced today are a result of a quarterly review of the Dow Jones Islamic Market Index. Component changes made during the review are also applied to all Dow Jones Islamic Market Indexes to ensure compliance with Shariah principles. To determine eligibility for the Dow Jones Islamic Market Indexes, 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 total assets is 45% or more.

The component changes will be effective at the start of trading on March 24, 2003.

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 http://www.djindexes.com