CDS IndexCo and Markit Announce Removals from the CDX North America Crossover Index, Which Is Expected to Roll on September 20, 2007
New York, 5 September, 2007 – CDS IndexCo LLC (“CDS IndexCo”), a consortium of 16 investment banks licensed as market makers in the CDX indices, and Markit Group Limited (“Markit”), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced which companies will be removed from the CDX North America Crossover Index (CDX.NA.XO), which is set to roll on September 20, 2007. The portfolio selection process was conducted by Markit, the index administrator, with input from the member banks of the CDS IndexCo consortium.
The member banks that are part of the CDS IndexCo consortium include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.
COMPANIES TO BE REMOVED FROM THE CDX NORTH AMERICA CROSSOVER INDEX
The following table outlines the companies that will be removed from the CDX.NA.XO Index. Companies that will be added to the index are expected to be announced Thursday, September 6, 2007, after the close of the market via press release. The changes to the indexes will be effective as of the roll date.
| INDEX COMPANIES REMOVED |
| CDX.NA.XO Series 9 |
| • Avnet, Inc. |
| • Beazer Homes USA, Inc. |
| • Clear Channel Communications, Inc. |
| • Delhaize Group |
| • Qwest Corporation |
| • Reynolds American Inc. |
| • Tribune Company |
The index is scheduled to roll every six months in order to rebalance the portfolio as necessary.
To view the underlying constituents of each index, daily prices and spreads, constituent information and documentation for CDX.NA.XO, please go to www.markit.com.
For additional information regarding this press release please contact:
CDS IndexCo
Michael Mandelbaum
Tel: +1 310 785-0810
Email: michael@mandelbaummorgan.com
Markit
Teresa Chick
Tel: +44 20 7260 2094
Email: teresa.chick@markit.com
About CDS IndexCo
CDS IndexCo is a consortium of 16 investment banks which are licensed as market makers in the CDX indices. The market makers include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.
About Markit
Markit Group Limited ("Markit") is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from over 85 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.