NEW YORK, November 6, 2002 – Dow Jones Indexes today announced that Lars Hamich has been promoted to executive director of global business development. In his new position, Mr. Hamich will be responsible for developing new licensing opportunities for Dow Jones Indexes globally, and he will play a leading role in identifying new strategic business initiatives for the global index provider.

Mr. Hamich, 33 years old, will continue to oversee the Dow Jones European index development and maintenance team as well index technology development. Mr. Hamich, who has more than seven years of operational experience with stock exchanges and index products, is also a member of the Dow Jones Global Index Oversight Committee.

“With his years of index experience, his business sense and his understanding of financial markets, Mr. Hamich is an extremely valuable member of our index team,” said Michael A. Petronella, managing director of Dow Jones Indexes. “His combination of talents in the areas of index development, index technology and business development make him uniquely qualified to contribute heavily to Dow Jones Indexes’ global index strategy.”

Before joining Dow Jones Indexes, Mr. Hamich worked as product manager for the Index Information Products Group at Deutsche Börse, where he was responsible for all aspects of indexation, from concept to implementation to review of the German domestic indexes, which includes the DAX and NEMAX. As Deutsche Börse’s representative, he also headed the Dow Jones STOXX Index Design Committee and was instrumental in developing, launching and maintaining these indexes. He was also involved in establishing at Deutsche Börse the XTF platform, Europe’s first platform for exchange-traded funds, and with the development and launch of LDRS, Europe’s first exchange-traded funds, which are based on the Dow Jones STOXX blue-chip indexes.

Mr. Hamich holds a bachelor’s degree in mathematical economics from the IMW Institute of Mathematical Economics, Bielefeld University, Germany, and Murdoch University, Perth, Australia.

“Dow Jones Indexes has a truly global index family with broad market coverage, consistent methodology, transparency and a reputation for quality and innovation,” Mr. Hamich said. “This is a great opportunity to strongly support the expansion of the business globally and build on the success of our existing blue-chip indexes, such as the Dow Jones Industrial Average, Dow Jones Euro STOXX 50 and Dow Jones Global Titans 50.”