Standard & Poor's Announces Changes to U.S. Index

Standard & Poor's Announces Changes to U.S. Index 


NEW YORK, May 9  /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P SmallCap 600:

   * Central Pacific Financial Corp. (NYSE:CPF) will replace Riggs National
     Corp. (NASD: RIGS) after the close of trading on Friday, May 13.  S&P
     500 constituent PNC Financial Services Group (NYSE:PNC) is acquiring
     Riggs National in a deal expected to close on or about that date.

   * World Fuel Services Corp. (NYSE:INT) will replace Patina Oil & Gas
     Corp. (NYSE:POG) after the close of trading on a date to be announced.
     Patina Oil & Gas is being acquired by S&P MidCap 400 constituent Noble
     Energy Inc. (NYSE:NBL) in a deal that is still pending final approval.



Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/.

Central Pacific Financial is a full-service commercial bank in Hawaii.
Headquartered in Honolulu, HI, the company will be added to the S&P SmallCap
600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry
Index.

World Fuel Services markets marine fuel services to international shipping
companies and aviation fuel services to passenger, cargo and charter airlines.
Headquartered in Miami, FL, the company will be added to the S&P SmallCap 600
GICS Oil & Gas Refining & Marketing Sub-Industry Index.

  Following is a summary of the changes:

                  S&P SMALLCAP 600 INDEX - May 13, 2005

           COMPANY                GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
  ADDED    Central Pacific Fin'l      Financials           Regional Banks
  DELETED  Riggs National             Financials           Regional Banks


                       S&P SMALLCAP 600 INDEX - TBA
           COMPANY                GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
  ADDED    World Fuel Services          Energy          Oil & Gas Refining
                                                         & Marketing
  DELETED  Patina Oil & Gas             Energy          Oil & Gas
                                                         Exploration &
                                                         Production



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

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information, visit http://www.standardandpoors.com/.

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DATASOURCE: Standard & Poor's



CONTACT:  David M. Blitzer, Ph.D.

Managing Director & Chairman of the Index Committee

[phone]



Web site:  http://www.standardandpoors.com/

http://www.mcgraw-hill.com/ 

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