Component Change Made to Dow Jones Brazil Titans 20 ADR Index

Changes are a Result of a Regular Annual Review of the Index


NEW YORK, March 14, 2005 (PRIMEZONE) -- Dow Jones Indexes today announced a component change in the Dow Jones Brazil Titans 20 ADR Index.

The following three companies will be added to the Dow Jones Brazil Titans 20 ADR Index: Braskem S/A ADS, Votorantim Celulose e Papel S.A. ADS, and CPFL Energia S.A. ADS.

Companies exiting the Dow Jones Brazil Titans 20 ADR Index: Companhia Paranaense de Energia-Copel ADS, Telemig Celular Participacoes S.A. ADS, and Telecomunicacoes de Sao Paulo S/A ADS Telesp.

Changes in the Dow Jones Brazil Titans 20 ADR Index will be effective at the start of trading Monday, March 21, 2005.

The free float market capitalization in $US of the reconstituted Dow Jones Brazil Titans 20 ADR as of February 28, 2005 increased from $75.87 billion to $79.50 billion.

The Dow Jones Brazil Titans 20 ADR Index is comprised of the top 20 ADR-listed Brazilian companies based on free-float market capitalization. The selection takes into account size as well as liquidity. Single-component weightings are capped so that no company is more than 25% of the index, and that the weight of the five largest companies is no more than 50% of the total index to prevent dominance of any individual company. The methodology, as well as a full list of components including weightings and values of the Dow Jones Brazil Titans 20 ADR Index, is available at http://www.djindexes.com.

Company additions to and deletions from the Dow Jones Brazil Titans 20 ADR Index do not in any way reflect an opinion on the investment merits of the company.

Journalists may e-mail questions regarding this press release to:

PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:



 New York:
 Sybille A. Reitz, +1-212-597-5735
 Karishma Thakkar, +1-212-597-5718

 Frankfurt:
 Simona Deckers, +49-69-97142894
 Nicole Wesch,   +49-69-97142893

Note to Editors:

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE:DJ) (dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

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