Rule Change for BNUCL

Additions due to Replacements

Old

New

For all corporate events that result in a security deletion from the index, there is no replacement. The additional weight resulting from the deletion will be redistributed proportionally across all other index constituents.

On an ongoing basis, for all corporate events that result in a security deletion from the index, the deleted security will be replaced with the highest ranked non-component on the most recent selection list immediately only if the number of components in the index would drop below 10. The replacement security will be added at the same weight as the deleted security. Only in case the number of components drops below its minimum due to a merger of two or more index components, the replacement security will be added with its uncapped free-float market capitalization weight.

In all other cases, i.e. there is no replacement. The additional weight resulting from the deletion will be redistributed proportionally across all other index constituents.

In case the number of index components drops below the minimum component number and no non-component security is eligible as a replacement, the determination of the addition is subject to the Index Owner’s decision.