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Standard & Poor's Announces Change to U.S. Index
Date:2/14/2008

NEW YORK, Feb. 14 /PRNewswire/ -- National Penn Bancshares Inc. (NASD: NPBC) will replace Bradley Pharmaceuticals Inc. (NYSE: BDY) in the S&P SmallCap 600 after the close of trading on Thursday, February 21, 2008. BDY is being acquired in a deal expected to close on or about that date, pending final approvals.

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

National Penn Bancshares provides commercial banking services in southeastern Pennsylvania and Maryland. Headquartered in Boyertown, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX - February 21, 2008

COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY

ADDED National Penn Financials Regional Banks

Bancshares

DELETED Bradley Health Care Pharmaceuticals

Pharmaceuticals

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 financial market intelligence, including independent credit ratings, in
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SOURCE Standard & Poor's
Copyright©2008 PR Newswire.
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