Standard & Poor's Announces Changes to S&P Index NEW YORK, Sept. 29 /PRNewswire-FirstCall/ -- Nara Bancorp Inc. (NASDAQ:NARA) will replace Prime Hospitality Corp. (NYSE:PDQ) in the S&P SmallCap 600 after the close of trading on Wednesday, October 6, 2004. Prime Hospitality is being acquired by The Blackstone Group, a private equity firm, in a transaction expected to close on or about that date. The deal is still subject to shareholder approval. Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/. Nara is a banking association serving Korean communities and other customers in California and the New York City area. Headquartered in Los Angeles, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry Index. Following is a summary of the change: S&P SMALLCAP 600 INDEX - October 6, 2004 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Nara Bancorp Financials Regional Banks DELETED Prime Hospitality Consumer Discretionary Hotels, Resorts & Cruise Lines 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. 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 5000 employees located in 20 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 280 offices in 40 countries. Sales in 2003 were $4.8 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 (212) 438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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