NEW YORK, Aug. 29 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Monday, August 29: * S&P MidCap 400 constituent Coventry Health Care (NYSE:CVH) will replace May Department Stores Co. (NYSE:MAY) in the S&P 500. May is being acquired by S&P 500 constituent Federated Department Stores Inc. (NYSE:FD) in a deal expected to close on or about that date. The combined company will remain in the S&P 500, and S&P 500 constituent Abbott Laboratories (NYSE:ABT) will replace May in the S&P 100 Index. * S&P SmallCap 600 constituent Timken Co. (NYSE:TKR) will replace Coventry Health in the S&P MidCap 400, and ASV Inc. (NASD: ASVI) will replace Timken in the S&P SmallCap 600. * In addition, Joy Global Inc. (NASD: JOYG) will replace Storage Technology Corp. (NYSE:STK) in the S&P MidCap 400 after the close of trading on Wednesday, August 31, 2005. Storage Technology is being acquired by S&P 500 constituent Sun Microsystems Inc. (NASD: SUNW) in a deal expected to close on or about that date. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Coventry Health Care operates health plans, insurance companies, network rental/managed care services companies and workers' compensation services companies. Headquartered in Bethesda, MD, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Managed Heath Care Sub-Industry Index. Headquartered in Abbott Park, IL, Abbot Laboratories makes drugs, nutritional products, diabetes monitoring devices and diagnostics. Timken makes highly-engineered bearings and alloy steels for the auto, machinery, railroad, aerospace and agricultural industries. Headquartered in Canton, OH, the company will be added to the S&P MidCap 400 GICS Industrial Machinery Sub-Industry Index. Joy Global manufactures and markets underground mining machinery and surface mining equipment. Headquartered in Milwaukee, WI, the company will be added to the S&P MidCap 400 Construction & Farm Machinery & Heavy Trucks Sub-Industry Index. ASV makes track-driven all-season vehicles used in the construction, agricultural, landscaping, rental and military markets. Headquartered in Grand Rapids, MN, the company will be added to the S&P SmallCap 600 GICS Construction & Farm Machinery & Heavy Trucks Sub-Industry Index. Following is a summary of the changes: S&P 500 INDEX -- August 29, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Coventry Health Care Health Care Managed Health Care DELETED May Dept. Stores Consumer Discretionary Department Stores S&P 100 INDEX -- August 29, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Abbott Laboratories Health Care Pharmaceuticals DELETED May Dept. Stores Consumer Discretionary Department Stores S&P MIDCAP 400 INDEX -- August 29, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Timken Industrials Industrial Machinery DELETED Coventry Health Care Health Care Managed Health Care S&P SMALLCAP 600 INDEX -- August 29, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED ASV Industrials Construction & Farm Machinery & Heavy Trucks DELETED Timken Industrials Industrial Machinery S&P MIDCAP 400 INDEX -- August 31, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Joy Global Industrials Construction & Farm Machinery & Heavy Trucks DELETED Storage Technology Information Technology Computer Storage & Peripherals 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, data and valuations. With 6,500 employees located in 22 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 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 for Standard & Poor's, +1-212-438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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