WNG Washington Grp Int#

NEW YORK, Nov. 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: -- S&P SmallCap 600 constituent URS Corp. (NYSE:URS) will replace Micrel Inc. (NASDAQ:MCRL) in the S&P MidCap 400 and Micrel will replace URS Corp. in the S&P SmallCap 600 after the close of trading on a date to be announced. URS is acquiring Washington Group International Inc. (NYSE:WNG) in a deal still pending final approvals. The market capitalization of Micrel at the close of today's trading was approximately $648 million, whereas the minimum market capitalization for addition to the S&P MidCap 400 is $1.5 billion. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. URS operates as an engineering design services company. Headquartered in San Francisco, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Construction & Engineering Sub- Industry index. Micrel engages in the design, development, manufacture, and marketing of high-performance analog power, mixed-signal, and digital integrated circuits. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Semiconductors Sub-Industry index. Following is a summary of the changes: S&P MIDCAP 400 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED URS Industrials Construction & Engineering DELETED Micrel Information Technology Semiconductors S&P SMALLCAP 600 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Micrel Information Technology Semiconductors DELETED URS Industrials Construction & Engineering 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. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 21 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/. About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) 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, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/. For more information contact: David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee (212) 438-3907 DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee +1-212-438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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