Standard & Poor's Announces Changes to S&P Index NEW YORK, July 15 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 Index: * PrivateBancorp Inc. (NASD:PVTB) will replace Prima Energy Corp. (NASD:PENG) after the close of trading Thursday, July 22. Prima Energy is being acquired by S&P Global 1200 constituent Petro-Canada in a deal expected to close on or about that date, pending final approval. * Bradley Pharmaceuticals Inc. (NYSE:BDY) will replace Seacoast Financial Services (NASD:SCFS) after the close of trading Friday, July 23. Seacoast Financial is being acquired by S&P 500 constituent Sovereign Bancorp (NYSE:SOV) in a transaction expected to close on or about that date. The deal still needs regulatory and shareholder approval. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. PrivateBancorp provides financing services to affluent individuals, professionals, business owners and real estate investors. Headquartered in Chicago, IL, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry Index. Bradley Pharmaceuticals markets prescription and over-the-counter pharmaceutical and health-related products. Headquartered in Fairfield, NJ, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub- Industry Index. Following is a summary of the changes: S&P SMALLCAP 600 INDEX - July 22, 2004 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED PrivateBancorp Financials Regional Banks DELETED Prima Energy Energy Oil & Gas Exploration & Production S&P SMALLCAP 600 INDEX - July 23, 2004 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Bradley Health Care Pharmaceuticals Pharmaceuticals DELETED Seacoast Financial Financials Thrifts & Mortgage Services Finance 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. 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, data and valuations. With 5000 employees located in 20 countries, 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/. 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, BusinessWeek and McGraw-Hill Education. The Corporation has more than 322 offices in 33 countries. Sales in 2003 were $4.8 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 (212) 438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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