Standard & Poor's Announces Changes to U.S. Indices
Posted on August 16, 2006 at 18:14 PM EDT

NEW YORK, Aug. 16 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400, SmallCap 600 and REIT Composite indices:

    * Coldwater Creek Inc. (NASDAQ:CWTR) will replace Western Gas Resources
      Inc. (NYSE:WGR) in the S&P MidCap 400 after the close of trading on
      Wednesday, August 23.  Western Gas is being acquired by S&P 500
      constituent Anadarko Petroleum Corp. (NYSE:APC) in a deal expected to
      close on or about that date, pending final approvals.

    * S&P REIT Composite constituent Mid-America Apartment Communities Inc.
      (NYSE:MAA) will replace ESS Technology Inc. (NASDAQ:ESST) in the S&P
      SmallCap 600 after the close of trading on Tuesday, August 22.  As of
      the close of trading Wednesday, August 16, ESS Technology had a market
      capitalization of roughly $53 million, ranking 600th in the index, and
      has traded below $2.00 per share for more than five consecutive days.

    * S&P REIT Composite constituent Senior Housing Properties Trust
      (NYSE:SNH) will replace Shurgard Storage Centers Inc. (NYSE:SHU) in
      the S&P SmallCap 600, and Highland Hospitality Corp. (NYSE:HIH) will
      replace Shurgard in the S&P REIT Composite, after the close of trading
      on Tuesday, August 22.  Shurgard is being acquired by S&P 500 and S&P
      REIT Composite constituent Public Storage Inc. (NYSE:PSA) in a deal
      expected to close on or about that date, pending final approvals.

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

Coldwater Creek offers women's apparel, accessories, jewelry and gift items. Headquartered in Sandpoint, ID, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Catalog Retail Sub-Industry index.

Mid-America Apartment Communities a real estate investment trust (REIT) engaged in the acquisition, ownership, and operation of apartment communities, primarily in the southeastern United States and Texas. Headquartered in Memphis, TN, the company will be added to the S&P SmallCap 600 GICS Residential REITs Sub-Industry index.

Senior Housing Properties Trust is a REIT that invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. Headquartered in Newton, MA, the company will be added to the S&P SmallCap 600 GICS Specialized REITs Sub-Industry index.

Highland Hospitality is a lodging REIT focused on hotel investments in upscale full-service, premium limited-service and extended stay segments. Headquartered in McLean, VA, the company will be added to the S&P REIT Composite GICS Specialized REITs sub-Industry.

    Following is a summary of the changes:

                    S&P MIDCAP 400 INDEX - August 23, 2006

                    COMPANY           GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY

    ADDED        Coldwater Creek     Consumer Discretionary   Catalog Retail

    DELETED       Western Gas              Energy           Oil & Gas Storage
                   Resources                                 & Transportation


                   S&P SMALLCAP 600 INDEX - August 22, 2006

                  COMPANY         GICS ECONOMIC SECTOR       GICS SUB-INDUSTRY

    ADDED      Mid-America Apt.       Financials             Residential REITs
                Communities

              Senior Housing          Financials             Specialized REITs
             Properties Trust

    DELETED   ESS Technology     Information Technology      Semiconductors

             Shurgard Storage         Financials             Specialized REITs
                 Centers


                  S&P REIT COMPOSITE INDEX - August 22, 2006

                  COMPANY       GICS ECONOMIC SECTOR        GICS SUB-INDUSTRY

    ADDED        Highland            Financials              Specialized REITs
                Hospitality

    DELETED  Shurgard Storage        Financials              Specialized REITs
                 Centers

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 independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 21 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at http://www.mcgraw-hill.com/.

Source: Standard & Poor's

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