NEW YORK, July 6 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 and S&P REIT Composite indices: * Palomar Medical Technologies Inc. (NASD: PMTI) will replace Laserscope (NASD: LSCP) in the S&P SmallCap 600 after the close of trading on Wednesday, July 12. Laserscope is being acquired by S&P SmallCap 600 constituent American Medical Systems Holdings Inc. (NASD: AMMD) in a deal expected to close on or about that date, pending final approvals. * Kite Realty Group Trust (NYSE:KRG) will replace CarrAmerica Realty Corp. (NYSE:CRE) in the S&P REIT Composite after the close of trading on Tuesday, July 11. CarrAmerica is being acquired by an affiliate of The Blackstone Group 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/. Palomar Medical Technologies researches and develops proprietary laser systems for hair removal and other cosmetic laser treatments. Headquartered in Burlington, MA, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index. Kite Realty owns, develops, leases, and manages a portfolio of neighborhood and community shopping centers. Headquartered in Indianapolis, IN, the company will be added to the S&P REIT Composite Retail REITs Sub-Industry index. Following is a summary of the changes: S&P SMALLCAP 600 INDEX - July 12, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Palomar Medical Health Care Health Care Equipment Technologies DELETED Laserscope Health Care Health Care Equipment S&P REIT COMPOSITE INDEX - July 11, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Kite Realty Financials Retail REITs DELETED CarrAmerica Financials Office REITs 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/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee +1-212-438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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