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FTSE/JSE Africa Index Series Index Change Advice
FTSE/JSE Africa Series Ground Rules - Industry Classification Benchmark (ICB)
20 December 2005
FTSE and Dow Jones merged their classification systems to form the International
Classification Benchmark (ICB). This classification system will replace the
existing FTSE Global Classification system on 3 January 2006. As a result of
this change Section 7 of the FTSE/JSE Ground rules which deals with the FTSE
Global Classification System will be replaced by the following in order to
accommodate the ICB.
7 Industry Classification Benchmark
7.1 Classification of Constituents within Industry and Sectors
The classification of a constituent may change from time to time. The
reassessment of the Industry and sector to which a constituent belongs will be
made by the FTSE Industry Classification Benchmark Committee and reported to the
JSE Indices Department for implementation.
The constituents of the corresponding Industry indices, Sector indices and those
Specialist indices based on a particular sub-sector will be affected when the
classification of a company changes.
7.2 Changes to Industry Classification of Constituents
7.2.1 Where a constituent is the subject of a merger, restructuring, or complex
take-over which results in a constituent, or part of a constituent, being
absorbed by another, the industry sector classification of the resulting
constituent(s) will be determined by the Industry Classification Benchmark
Committee.
7.2.2 Any adjustment resulting from a change in a company"s classification will
be implemented at the same time that any relevant constituent changes are
implemented in the Index.
7.2.3 Periodic changes to the industry classification of a company will be
agreed and announced by the Industry Classification Benchmark committee.
7.3 Industry Classification Benchmark Committee
7.3.1 The Industry Classification Benchmark committee is responsible for the
industry classification of constituents of the FTSE/JSE Africa Index Series
within the Industry Classification Benchmark. The Industry Classification
Benchmark committee may approve changes to the Industry Classification Benchmark
and Management Rules.
For FTSE / JSE index enquiries or further information about FTSE / JSE please
contact:
Client Services in UK: Tel: +44 (0) 20 7866 1810
Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 641 6165
Client Services in Asia Pacific: Tel: +852 2230 5803 or +65 6223 3738 or +81 3
3581 2811
JSE Limited: Tel: (27 11) 520 7702 or +520 7777
Or, email your enquiries to info@ftse.com, indices@jse.co.za or visit our
website at www.ftse.com or www.ftsejse.co.za
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Date: 20/12/2005 04:29:31 PM Produced by the JSE SENS Department
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