New Divisors for Dow Jones Industrial Average

February 18, 2003

NEW YORK (Feb. 18, 2003) — Starting with Tuesday, February 18, stock market trading, the Dow Jones Industrial Average and the 65-stock Composite Average will be calculated with new divisors because of Microsoft Corp’s 2-for-1 common stock split.

As a result, the divisor for the Dow Jones Industrial Average changes to 0.14279922 from 0.14585278 and the 65-stock Composite Average changes to 0.88320816 from 0.89411643.

To understand how this and other stock splits effect the calculation of the Dow Jones Industrial Average click here for an explanation.

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Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. and 10 percent by Dow Jones & Company, Inc., a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).

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