NEW YORK, February 28, 2002 - Dow Jones Indexes and STOXX Ltd., today announced that Kevin E. Pilarski, 39, has been promoted to director of global derivatives. In this newly created position, he will coordinate licensing strategy and provide direct support to derivative exchanges that trade products linked to Dow Jones and STOXX indexes.

"Kevin's new role allows us to do more than simply develop and license indexes for derivatives products – we are committed to supporting our licensees as they build volume, liquidity and user participation in the Dow Jones and STOXX-based derivatives products," said Michael A. Petronella, managing director of Dow Jones Indexes.

Index-based investment products for individual and institutional investors include futures and options based on the Dow Jones Industrial Average, Dow Jones-AIG Commodity Index, Dow Jones Global Titans 50, Dow Jones EURO STOXX 50, Dow Jones STOXX 50 and several Dow Jones STOXX sectors. Licensed by exchanges, banks, brokerage firms, asset management companies and others worldwide, total assets for Dow Jones and STOXX indexes based products doubled to nearly 500 billion US dollars in 2001 from a year earlier.

"While continuing to develop and license new Dow Jones and STOXX indexes, we will establish relationships directly with market makers, specialists, arbitrageurs, traders, portfolio managers and other financial market professionals to ensure complete understanding of this integrated index family," said Mr. Pilarski.

In addition to his role as director of global derivatives, Mr. Pilarski currently serves as president and chief compliance officer of Dow Jones Broker Dealer Services, Inc. Mr. Pilarski has served since 1999 as regional director, Americas, for Dow Jones STOXX indexes, the European equity index division of the Dow Jones Global Index family. Prior to joining Dow Jones Indexes/STOXX Ltd., Mr. Pilarski was vice president, sales and relationship management at eSpeed, an electronic order matching system developed by Cantor Fitzgerald. Prior to that, he served as senior manager of Institutional International Marketing at the Chicago Board of Trade. Kevin has over 15 years of direct experience in proprietary derivative trading and risk management. He received a BS from Miami University, Oxford, Ohio.

Dow Jones STOXX indexes, are the European component of the Dow Jones Global Index’s family are leading regional equity indexes. The indexes cover Europe by region, size, sector and style. STOXX, Ltd. is a joint venture between Deutsche Boerse AG, Dow Jones & Company, Euronext Paris SA and SWX Swiss Exchange.