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Standard & Poor's Announces Changes to U.S. Indices
Date:11/11/2008

NEW YORK, Nov. 11 /PRNewswire/ --Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 indices:

-- General Growth Properties Inc. (NYSE Arca: GGP) will be removed from the

S&P 500 after the close of trading on Wednesday, November 12. As of

today's close of trading General Growth Properties had a market

value of approximately $128 million, ranking 500th in the index.

-- S&P MidCap 400 constituent Cephalon Inc. (Nasdaq: CEPH) will be

added to the S&P 500, and Mariner Energy Inc. (NYSE: ME) will

replace Cephalon Inc. in the S&P MidCap 400, after the close of

trading on Friday, November 14. Cephalon is taking the place of

General Growth Properties in the S&P 500.

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

Cephalon is a biopharmaceutical developer specializing in products related to the central nervous system, pain, oncology and addiction. Headquartered in Frazer, PA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.

Mariner Energy is an oil and gas exploration, development and production company operating principally in the Gulf of Mexico and the Permian Basin in West Texas. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Oil
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SOURCE Standard & Poor's
Copyright©2008 PR Newswire.
All rights reserved

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