VRC Varco Intl

Standard & Poor's Announces Changes to U.S. Indices NEW YORK, March 7 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Friday, March 11: * National Oilwell Varco Inc. (NYSE:NOV) will replace Power-One Inc. (NASD: PWER) in the S&P 500. National Oilwell Inc. (NYSE:NOI) is acquiring fellow S&P MidCap 400 constituent Varco International Inc. (NYSE:VRC) in a deal expected to close on or about that date, subject to shareholder approval. After the close of trading on Friday, March 4, Power-One had a market capitalization of approximately $474 million, ranking 500th in the S&P 500. * F5 Networks Inc. (NASD: FFIV) will replace National Oilwell, while S&P SmallCap 600 constituent Yellow Roadway Corp. (NASD: YELL) will replace Varco International, in the S&P MidCap 400. * The Finish Line Inc. (NASD: FINL) will replace Yellow Roadway in the S&P SmallCap 600. As previously announced, all S&P index additions will be made at the added companies' half float-adjusted market capitalization weight. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/ . National Oilwell Varco manufactures machinery, motors and tools used in oil and gas drilling and production. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Equipment & Services Sub-Industry Index. F5 Networks focuses on application traffic management products to help manage Internet traffic to servers and network devices. Headquartered in Seattle, WA, the company will be added to the S&P MidCap 400 Communications Equipment Sub-Industry Index. Yellow Roadway is a transportation service provider. Headquartered in Overland Park, KS, the company will be added to the S&P MidCap 400 GICS Trucking Sub-Industry Index. The Finish Line is a mall-based athletic footwear, apparel and accessories specialty retailer. Headquartered in Indianapolis, IN, the company will be added to the S&P SmallCap 600 Apparel Retail Sub-Industry Index. Following is a summary of the changes: S&P 500 INDEX - March 11, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED National Oilwell Energy Oil & Gas Equipment & Varco Services DELETED Power-One Industrials Electrical Components & Equipment S&P MIDCAP 400 INDEX - March 11, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED F5 Networks Information Technology Communications Equipment Yellow Roadway Industrials Trucking DELETED National Oilwell Energy Oil & Gas Equipment & Services Varco International Energy Oil & Gas Equipment & Services S&P SMALLCAP 600 INDEX - March 11, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED The Finish Line Consumer Discretionary Apparel Retail DELETED Yellow Roadway Industrials Trucking 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 6,000 employees in 21 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 37 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 +1-212-438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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