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Standard & Poor’s expands its Evaluated Pricing Services with Key Appointment

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European Evaluated Pricing continues to grow its team in response to robust market demand

LONDON, July 17, 2006 — Standard & Poor’s, a leading global provider of independent credit ratings indices, risk evaluation, investment research and data, today announced that Steven Harcourt has joined the European Structured Finance team from FT Interactive Data. The appointment reflects the ongoing demand for Standard & Poor’s Evaluated Pricing offering and underscores the company’s investment in maintaining excellent customer service.

Steven Harcourt joins Standard & Poor’s as Senior Structured Finance Evaluator. Prior to this, Steven spent seven years at FT Interactive Data and four years at Merrill Lynch. At Standard & Poor’s, Steven will be responsible for continuing to develop the team’s new European ABS/MBS Evaluation model.

Peter Jones, Director Securities Evaluations at Standard & Poor’s, welcomed this new appointment. “We are delighted that such an experienced Evaluator has chosen to join Standard & Poor’s” he said. “As the requirement for an independent, rigorous and credible answer to the intraday valuation and mark-to-market of complex OTC securities problem has grown we have seen a huge increase in demand for our service. Going forward we will continue to aggressively grow our global asset class coverage and team of evaluators, especially in the critically important complex instrument sectors.”

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