The Dow Jones CDX Family of Indices Announces Roll Dates for its US Investment Grade, Emerging Market and US High Yield Credit Derivative Indices

Business Wire, Sept 6, 2005

NEW YORK -- CDS IndexCo LLC, the owner of the Dow Jones CDX family of credit derivative indices, today announced the roll dates for its US Investment Grade, Emerging Market and US High Yield credit derivative indices. The US Investment Grade and Emerging Market indices will roll on September 20, 2005, while the US High Yield index is expected to roll on October 6, 2005.

As dictated by the rules governing the indices, a roll is scheduled approximately every six months in order to rebalance the portfolios as necessary. The roll process will be conducted with the input of member banks which are part of the CDS IndexCo consortium.

CDS IndexCo also announced today that concurrent with the roll of the investment grade and emerging market indices, it also expects to launch the Dow Jones US Crossover Index (Dow Jones CDX.NA.XO). The index will consist of 35 equally weighted US entities or a 2.857% exposure to any name. The ratings required for inclusion are either (i) a crossover (5B) rating (i.e., a rating in the BBB/Baa rating category by one of S&P and Moody's and in the BB/Ba rating category by the other), (ii) a 4B rating (i.e., a rating in the BB/Ba rating category by both S&P and Moody's) or (iii) a rating in the BB/Ba rating category by one of S&P and Moody's and no rating by the other.

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 First Boston, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.

Please see the "Credit Derivative Indexes" link at www.djindexes.com to view the underlying constituents of each index or for more information about any of the Dow Jones CDX family of indices, please contact one of the participating dealers listed.