News Release

Standard & Poor's Announces Review of S&P/TSX Preferred Share Index

July 11, 2008

TORONTO, July 11 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes as a result of the semi-annual S&P/TSX Preferred Share Index Review. These changes will be effective at the open on Monday, July 21, 2008:

ADDITIONS

Symbol Issue Name CUSIP
ACO.PR.A ATCO LTD. 5.75% PR SERIES '3' 046789 80 6
BMO.PR.M BANK OF MONTREAL 5-YR RESET CL 'B' SERIES 16 063671 78 8
BNS.PR.N BANK OF NOVA SCOTIA (THE) PR SERIES '16' 064149 76 8
BNS.PR.P BANK OF NOVA SCOTIA (THE)5-YR RESET PR SER 18 064149 74 3
BNS.PR.Q BANK OF NOVA SCOTIA (THE)5-YR RESET PR SER 20 064149 72 7
BCE.PR.I BCE INC. 1ST PR SERIES 'AI' 05534B 71 1
BAM.PR.N BROOKFIELD ASSET MANAGEMNT INC CL A PR SER 18 112585 82 3
BPO.PR.I BROOKFIELD PROPERTIES CORP. CL AAA PR SER 'I' 112900 88 1
CL.PR.B CANADA LIFE FINANCIAL CORPORATION SER 'B' PR 135113 30 6
ENB.PR.A ENBRIDGE INC. 5.50% PR SERIES 'A' 29250N 20 4
FTS.PR.E FORTIS INC. 1ST PR SERIES 'E' 349553 80 0
FTS.PR.G FORTIS INC. 5-YR RESET 1ST PR SERIES 'G' 349553 83 4
GWO.PR.I GREAT-WEST LIFECO INC. 4.50% 1ST PR SERIES I 39138C 86 6
NA.PR.M NATIONAL BANK OF CANADA 1ST PR SERIES '20' 633067 41 8
NA.PR.N NATIONAL BANK OF CANADA 5-YR 1ST PR SER '21' 633067 39 2
TD.PR.S TORONTO-DOMINION BANK (THE) 5-YR RESET PR S 891145 60 9
FAL.PR.H XSTRATA CANADA CORPORATION SERIES 'H' PR 984173 20 3

DELETIONS

Symbol Issue Name CUSIP
BMO.PR.H BANK OF MONTREAL CL 'B' PR SERIES 5 063671 85 3
BNS.PR.J BANK OF NOVA SCOTIA (THE) PR SERIES '12' 064149 81 8
BNS.PR.K BANK OF NOVA SCOTIA (THE) PR SERIES '13' 064149 79 2
BNS.PR.L BANK OF NOVA SCOTIA (THE) PR SERIES '14' 064149 78 4
BCE.PR.F BCE INC. 1ST PR SERIES 'AF' 05534B 74 5
BAM.PR.B BROOKFIELD ASSET MANAGEMENT INC CL A PR SER 2 112585 20 3
BPO.PR.J BROOKFIELD PROPERTIES CORP. CL AAA PR SER 'J' 112900 87 3
FTS.PR.C FORTIS INC. 1ST PR SERIES 'C' 349553 40 4
FTS.PR.F FORTIS INC. 1ST PR SERIES 'F' 349553 86 7
GWO.PR.X GREAT-WEST LIFECO INC. PR SERIES 'E' 39138C 70 0
HSB.PR.C HSBC BANK CANADA CL 1 NON-CUMULATIVE SER C PR 40427H 50 9
IAG.PR.A INDUSTRIAL ALLIANCE INSURANCE & FIN SERV B PR 455871 30 1
NA.PR.L NATIONAL BANK OF CANADA 1ST PR SERIES '16' 633067 51 7
TD.PR.P TORONTO-DOMINION BANK (THE) CL 'A' 1ST PR P 891145 20 3
TCA.PR.X TRANSCANADA PIPELINES LIMITED 1ST PR 'U' 893526 71 5
YPG.PR.B YPG HOLDINGS INC. 5.00% 1ST PR SERIES '2' 984246 30 6

Company additions to and deletions from an S&P index do not in any way reflect an opinion on the investment merits of the company.

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For further information: Tony North, (416) 507-3200, sp_index@standardandpoors.com; Dave Guarino, (212) 438-1471, dave_guarino@standardandpoors.com