Standard & Poor's Announces Changes to S&P U.S. Indices NEW YORK, June 24 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices on a date or dates to be announced: * Upon completion of the pending merger between S&P 500 constituents Regions Financial Corp. (NYSE:RF) and Union Planters Corp. (NYSE:UPC) the surviving entity, to be called Regions Financial Corp. (NYSE:RF), will replace the current Regions Financial, while S&P MidCap 400 constituent Sovereign Bancorp Inc. (NYSE:SOV) will replace Union Planters (NYSE:UPC), in the S&P 500. AirTran Holdings Inc. (NYSE:AAI) will replace Sovereign in the S&P MidCap 400. * S&P SmallCap 600 constituent INAMED Corp. (NASD: IMDC) will replace Provident Financial Group Inc. (NASD: PFGI) in the S&P MidCap 400. Provident is being acquired by S&P 500 constituent National City Corp. (NYSE:NCC). BankAtlantic Bancorp (NYSE:BBX) will replace INAMED in the S&P SmallCap 600. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. The new Regions Financial will be a bank holding company operating predominantly in the southern and midwestern U.S. Headquartered in Birmingham, AL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry Index. Sovereign Bancorp operates roughly 550 branches in the northeastern U.S. Headquartered in Philadelphia, PA, the company will be added to the S&P 500 GICS Thrifts & Mortgage Finance Sub-Industry Index. AirTran is a provider of low-cost airline service, primarily in the eastern U.S. Headquartered in Orlando, FL, the company will be added to the S&P MidCap 400 GICS Airlines Sub-Industry Index. INAMED is a leading manufacturer of breast augmentation, facial aesthetics and obesity intervention devices. Headquartered in Santa Barbara, CA, the company will be added to the S&P MidCap 400 GICS Health Care Equipment Sub- Industry Index. Through its subsidiaries BankAtlantic-FSB, Levitt Cos. and Ryan, Beck & Co., BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking. Headquartered in Fort Lauderdale, FL, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry Index. Following is a summary of the changes: S&P 500 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Regions Financials Regional Banks Financial Corp. (New) Sovereign Financials Thrifts & Mortgage Bancorp Finance DELETED Regions Financials Regional Banks Financial Corp. Union Planters Financials Regional Banks Corp. S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED AirTran Industrials Airlines Holdings INAMED Corp. Health Care Health Care Equipment DELETED Sovereign Financials Thrifts & Mortgage Bancorp Finance Provident Financials Regional Banks Financial Group S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED BankAtlantic Financials Thrifts & Mortgage Bancorp Finance DELETED INAMED Corp. Health Care Health Care Equipment Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned. Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With 5000 employees located in 20 countries, Standard & Poor's is an essential part of the world's financial infrastructure, and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 280 offices in 40 countries. Sales in 2003 were $4.8 billion. Additional information is available at http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee (212) 438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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