NEW YORK (May 3, 2001) – Dow Jones Indexes has ambitious expansion plans in Europe. The global index provider recently opened a new office in Frankfurt, Germany. This office is Dow Jones Indexes’ fourth European office. The others are in London, Paris and Zurich.

Mike Petronella, Managing Director of Dow Jones Indexes, said that he sees big demand for global investment strategies coming from the European marketplace, where investors are moving into global asset allocation.”We want to establish the Dow Jones Global Indexes, Dow Jones Global Titans 50 and Dow Jones Sector Titans as the standard global benchmarks in Europe. To further this goal we recently signed an agreement with our partner, STOXX Ltd., to use their sales force to represent Dow Jones Indexes in Europe,” he added.

Lars Hamich, 32, who headed the Dow Jones Indexes& European product development team in Zurich, will be responsible for the European operations in Frankfurt. In his new role as director of European business and product development, Mr. Hamich said he would be focusing on increasing the visibility of the indexes and their usefulness to investors. Additionally, he will be overseeing the development and delivery of new indexes based on Dow Jones Global Indexes for the European marketplace. The Dow Jones European index support team is also responsible for the design, development and delivery of the Dow Jones STOXX Indexes.

Mr. Hamich said, “Dow Jones Indexes has three big advantages in the very competitive index business: a great brand; a transparent and replicable index methodology; and freely available index data such as component lists, selection lists, weightings, historical data and daily index files.”

Mr. Hamich has more than five years of operational experience with stock exchanges and index products. Previously, he was product manager for index and information products at Deutsche Börse in Frankfurt. As Deutsche Börse’s representative, he also headed the Dow Jones STOXX Index Design Committee. Mr. Hamich was instrumental in developing, launching and maintaining these indexes. He also worked on establishing the XTF platform at Deutsche Börse, Europe’s first platform for exchange-traded funds, and was closely involved with the development and launch of LDRS, Europe’s first exchange-traded fund, which is based on the Dow Jones STOXX blue-chip indexes.