NEW YORK (Nov. 29, 2004) — Dow Jones Indexes announced the launch of the Dow Jones Brazil Titans 20 ADR Index. It will be based on the ADR prices of the 20 largest and most liquid Brazilian stocks traded at the New York Stock Exchange, American Stock Exchange or Nasdaq. The Dow Jones Brazil Titans 20 ADR Index will be licensed to Bolsa de Mercadorias & Futuros—a leading Brazilian Exchange— to be used as underlying for futures contracts.

The Dow Jones Brazil Titans 20 ADR index was created so it could be used as an underlying for index-linked products, exchange-traded funds and derivatives because of the growing interest for investment tools that track the Brazilian market.

The Dow Jones Brazil Titans 20 ADR Index is comprised of the top 20 ADR-listed Brazilian companies based on free-float market capitalization. The selection takes into account size as well as liquidity. Single-component weightings are capped so that no company is more the 25% of the index, and that the weight of the five largest companies is no more than 50% of the total index to prevent dominance of any individual company.

The Dow Jones Brazil Titans 20 ADR Index is part of the Dow Jones Country Titans series which includes indexes that cover the following countries: Australia, Canada, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Russia, South Africa, Spain, Switzerland, Turkey and the United Kingdom. The indexes are distributed on a real-time basis through major market-data vendors. Historical data on the Dow Jones Brazil Titans 20 ADR index will be available back to Dec. 31, 2000, with a base value of 10,000.

The methodology, as well as a full list of components including weightings and values of the Dow Jones Brazil Titans 20 ADR Index, is available at http://www.djindexes.com.