TSXgroup

July 4, 2008

TORONTO, July 4 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

- The Cumulative Redeemable Preferred Shares, Series 2, of Xstrata Canada Corporation (TSX:FAL.PR.A) have been called for redemption on Thursday, July 10, 2008, at $25.50 per share. The shares will be removed from the S&P/TSX Preferred Share Index after the close of Wednesday, July 9, 2008.

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

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 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: www.standardandpoors.com.

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