FJC Fedders

NEW YORK, Dec. 15 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 and S&P REIT Composite indices after the close of trading Wednesday, December 21: -- CCE Spinco Inc. (NYSE:LYVwi) will replace Fedders Corp. (NYSE:FJC) in the S&P SmallCap 600. CCE Spinco is being spun off by S&P 500 constituent Clear Channel Communications Inc. (NYSE:CCU). Fedders is being removed from the index on account of low share price and market capitalization. -- Equity One Inc. (NYSE:EQY) will replace Prentiss Properties Trust (NYSE:PP) in the S&P REIT Composite. Prentiss is being acquired by fellow S&P REIT Composite constituent Brandywine Realty Trust (NYSE:BDN) in a deal expected to close on or about December 21, pending final approvals. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. CCE Spinco specializes in live events including music concerts, theatrical shows and specialized motor sports. Headquartered in San Antonio, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Movies & Entertainment Sub-Industry Index. Equity One is a real estate investment trust that principally acquires, renovates, develops and manages shopping centers. Headquartered in North Miami Beach, FL, the company will be added to the S&P REIT Composite Retail property category. Following is a summary of the changes: S&P SMALLCAP 600 INDEX - December 21, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED CCE Spinco Consumer Discretionary Movies & Entertainment DELETED Fedders Corp. Consumer Discretionary Household Appliances S&P REIT COMPOSITE INDEX - December 21, 2005 COMPANY REIT TYPE PROPERTY TYPE ADDED Equity One Equity Retail DELETED Prentiss Properties Equity Industrial/Office 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 independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 20 countries and markets, 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 300 offices in 40 countries. Sales in 2004 were $5.3 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 +1-212-438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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