METHODOLOGY OVERVIEW/1

DOW JONES STOXX

SELECT DIVIDEND INDICES

Dow Jones STOXX® Global Select Dividend 100 Index

Dow Jones STOXX® Americas Select Dividend 40 Index
Dow Jones STOXX® Select Dividend 30 Index
Dow Jones STOXX® Asia/Pacific Select Dividend 30 Index
Dow Jones EURO STOXX® Select Dividend 30 Index
Dow Jones STOXX® NORDIC Select Dividend 20 Index
Dow Jones STOXX® EU Enlarged Select Dividend 15 Index

Index Universe
Dow Jones STOXX Global Select Dividend 100 Index
All dividend-paying companies in the three regions of the Dow Jones STOXX Global 1800 Index (and their secondary lines in
the Dow Jones STOXX Total Market Index (TMI)) that have a non-negative historical five-year dividend-per-share growth rate
and a dividend to earnings-per-share ratio of less than or equal to 60% in Europe and Americas and 80% in Asia/Pacific.

Dow Jones STOXX Americas Select Dividend 40 Index

All dividend-paying in the Dow Jones STOXX Americas 600 that have a non-negative historical five-year dividend-per-share
growth rate and a dividend to earnings-per-share ratio of less than or equal to 60%.

Dow Jones STOXX Select Dividend 30 Index

All dividend-paying companies in the Dow Jones STOXX 600 (and their secondary lines in the Dow Jones STOXX TMI), that
have a non-negative historical five-year dividend-per-share growth rate and a dividend to earnings-per-share ratio of less than
or equal to 60%.

Dow Jones STOXX Asia/Pacific Select Dividend 30 Index

All dividend-paying companies in the Dow Jones STOXX Asia 600 that have a non-negative historical five-year dividend-per-
share growth rate and a dividend to earnings-per-share ratio of less than or equal to 80%.

Dow Jones EURO STOXX Select Dividend 30 Index

All dividend-paying companies in the Dow Jones EURO STOXX (and their secondary lines in the Dow Jones EURO STOXX TMI),
that have a have a non-negative historical five-year dividend-per-share growth rate and a dividend to earnings-per-share ratio
of less than or equal to 60%.

Dow Jones STOXX NORDIC Select Dividend 20 Index

All dividend-paying companies in the Dow Jones STOXX NORDIC TMI that have a have a non-negative historical five-year
dividend-per-share growth rate and a dividend to earnings-per-share ratio of less than or equal to 80%.

Dow Jones STOXX EU Enlarged Select Dividend 15 Index

All dividend-paying companies in the Dow Jones STOXX EU Enlarged TMI that have a have a non-negative historical three-year
dividend-per-share growth rate and a dividend to earnings-per-share ratio of less than or equal to 100%.

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METHODOLOGY OVERVIEW/2

DOW JONES STOXX

SELECT DIVIDEND INDICES

Selection
Dow Jones STOXX Global Select Dividend 100
The Index combines three regions: Americas (40 components), Europe (30 components) and Asia/Pacific (30 components). Each
region is selected separately.
For Europe, the review process is in-line with the review of the Dow Jones STOXX Select Dividend 30 Index. The review process
for the Americas and the Asia/Pacific region is in-line with the review of the Dow Jones STOXX Americas Select Dividend 40 Index
and the DJ STOXX Asia/Pacific Select Dividend 30 Index.

Dow Jones STOXX Americas Select Dividend 40 Index

1. The index universe is defined as all those companies in the DJ STOXX Americas 600 Index that pay a dividend and have a
non-negative historical five-year dividend growth rate. For the DJ STOXX Americas Select Dividend 40 a stock has to have a
non-negative payout ratio of less than or equal to 60%. Current DJ STOXX Global Select Dividend 100 constituents are added
to the universe as long as they are still components of the DJ STOXX Global 1800 Index and still pay a current dividend.
2. Selection process: An outperformance factor is calculated for every stock, i.e. the company net dividend yield divided by
the net yield of the respective DJ Country TMI index minus 1.
3. Ranking: all remaining stocks are ranked by their outperformance factor on a per country basis.
4. Preliminary index composition: All current components on the selection list ranked 60 or above within their country will
remain for the index.
If the index has less than 40 stocks, the highest-ranked non-components on the selection list within their region (i.e.
disregarding the country of incorporation) are added until the component count reaches the desired number. In the
Americas a single country can not be represented by more than 30 stocks.
5. Final index composition: The number of stocks per country in the preliminary index composition from step 4 is divided by
two (the result is rounded up to the next integer if necessary). The calculated number indicates how many of the highest
ranked stocks per country (as per step 3) automatically qualify for the index. If the preliminary index composition includes
less stocks as indicated by the calculated number, the highest-ranked stocks from the respective country will get added
to the index and replace the lowest-ranked stocks in the respective region.

Dow Jones STOXX Select Dividend 30

1. Companies in the index universe are sorted by country and ranked in descending order of indicated annual net dividend
yield. In the case of multiple stocks for a single company, the highest-yielding stock is included in the universe. All other
lines are excluded.
2. All current components are added to the selection list automatically.
3. For each company an ‘outperformance factor’ is calculated: company net dividend yield divided by the net dividend yield
of the respective Dow Jones Country TMI minus 1.
4. All companies are then sorted by their ‘outperformance factor’.
5. 0/60 Buffer
- All current components ranked 60 or higher in the selection list qualify for the index.
- Starting from the highest-ranked non-component in the selection list, companies are added until the final component
count of 30 is reached.

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DOW JONES STOXX

SELECT DIVIDEND INDICES

Dow Jones STOXX Asia/Pacific Select Dividend 30 Index

1. The index universe is defined as all those companies in the DJ STOXX Asia/Pacific 600 Index that pay a dividend and have a
non-negative historical five-year dividend growth rate. For the DJ STOXX Asia/Pacific Select Dividend 30 Index a stock has to
have a non-negative payout ratio of less than or equal to 80%. Current DJ STOXX Global Select Dividend 100 constituents are
added to the universe as long as they are still components of the DJ STOXX Global 1800 Index and still pay a current dividend.
2. Selection process: An outperformance factor is calculated for every stock, i.e. the company net dividend yield divided by
the net yield of the respective DJ Country TMI index minus 1. For countries in the Asia/Pacific region with twenty or fewer
components, the outperformance factor is calculated by dividing the company’s net dividend yield by the net yield of the
DJ STOXX Asia/Pacific 600 Index minus 1.
3. Ranking: all remaining stocks are ranked by their outperformance factor on a per country basis.
4. Preliminary index composition: All current components on the selection list ranked 20 or above within their country remain
for the index. If the index has less than 30 stocks for Asia/Pacific, the highest-ranked non-components on the selection
list within their region (i.e. disregarding the country of incorporation) are added until the component count reaches the
desired number. In the the Asia/Pacific region a maximum of 10 stocks per country can be selected for the index.
5. Final index composition: The number of stocks per country in the preliminary index composition from step 4 is divided by
two (the result is rounded up to the next integer if necessary). The calculated number indicates how many of the highest
ranked stocks per country (as per step 3) automatically qualify for the index. If the preliminary index composition includes
less stocks as indicated by the calculated number, the highest-ranked stocks from the respective country will get added
to the index and replace the lowest-ranked stocks in the respective region.

Dow Jones EURO STOXX Select Dividend 30

1. Companies in the index universe are sorted by country and ranked in descending order of indicated annual net dividend
yield. In the case of multiple stocks for a single company, the highest-yielding stock is included in the universe. All other
lines are excluded.
2. All current components are added to the selection list automatically.
3. For each company an ‘outperformance factor’ is calculated: company net dividend yield divided by the net dividend yield
of the respective Dow Jones Country TMI minus 1.
4. All companies are then sorted by their ‘outperformance factor’.
5. 0/60 Buffer
- All current components ranked 60 or higher in the selection list qualify for the index.
- Starting from the highest-ranked non-component in the selection list, companies are added until the final component
count of 30 is reached.

Dow Jones STOXX NORDIC Select Dividend 20

1. Companies in the index universe are sorted by country and ranked in descending order of indicated annual net dividend
yield. In the case of multiple stocks for a single company, the highest-yielding stock is included in the universe. All other
lines are excluded.
2. All current components are added to the selection list automatically.
3. For each company an ‘outperformance factor’ is calculated: company net dividend yield divided by the net dividend yield
of the respective Dow Jones Country TMI minus 1.
4. All companies are then sorted by their ‘outperformance factor’.
5. Components are screened for a minimum level of liquidity.
6. 10/30 Buffer
- The top 10 companies are added to the index.
- Existing components between rank 11 and 30 are added to the index from largest to smallest.
- If the number of components is still below 20, then the largest non-components in the selection list are added, until the
final component count of 20 is reached.

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METHODOLOGY OVERVIEW/4

DOW JONES STOXX

SELECT DIVIDEND INDICES

Dow Jones STOXX EU Enlarged Select Dividend 15

1. Companies in the index universe are sorted by country and ranked in descending order of indicated annual net dividend
yield. In the case of multiple stocks for a single company, the highest-yielding stock is included in the universe. All other
lines are excluded.
2. Current components are added to the selection list automatically.
3. For each company an ‘outperformance factor’ is calculated:
- Calculation of the ‘outperformance factor’ for companies from countries with six or more components in their respective
Dow Jones Country TMI: company net dividend yield divided by the net dividend yield of the respective Dow Jones
Country TMI minus 1.
- Calculation of the ‘outperformance factor’ for companies from countries with five or fewer components in their respective
Dow Jones Country TMI: company net dividend yield divided by the net dividend yield of the Dow Jones STOXX EU
Enlarged TMI minus 1.
4. All companies are sorted by their ‘outperformance factor’.
5. Components are screened for a minimum level of liquidity.
6. 10/20 Buffer
- All current components ranked 10 or higher in the selection list qualify for the index.
- The remaining 10 stocks are selected from the largest remaining current stocks ranked between 11 and 20.
- If the number of components is still below 15, then the largest non-components in the selection list are added, until the
final component count of 15 is reached.

Weighting
A company’s weight in the index is based on its net dividend yield.
The weighting factor for each component is calculated two days prior to the review’s implementation date in March
according to the following procedure:
- Determine the weights of each component (based on annual net dividend yield).
- Determine weighting factor for each company based on the formula: (1'000'000'000 x weighting of company divided by
closing price of company) and rounded to integers.
The weighting factors are kept constant until the next review.
In the event of a corporate action affecting a component, company weighting factors are adjusted to keep the component
weights in the index constant.
Each components weight is capped at 15% (at 10% for the Dow Jones STOXX Global Select Dividend 100, the DJ STOXX Americas
Select Dividend 40 and the DJ STOXX Asia/Pacific Select Dividend 30). Weighting cap factors are adjusted on a quarterly basis.

Review Frequency
The composition of the Dow Jones STOXX Select Dividend indices is reviewed annually in March.

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May 14, 2007