Standard & Poor's Announces Change to U.S. Index

NEW YORK, Feb. 11 /PRNewswire/ -- S&P U.S. REIT Composite constituent Home Properties Inc. will replace Kellwood Co. in the S&P SmallCap 600 after the close of trading on Tuesday, February 12. KWD is being acquired by a private equity firm in a tender offer expected to expire on that date.

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

Home Properties is a real estate investment trust that owns, operates and develops apartment communities in the Northeast, Mid-Atlantic and Southeastern regions of the United States. Headquartered in Rochester, NY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index.

Following is a summary of the change: S&P SMALLCAP 600 INDEX - February 12, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Home Properties Financials Residential REITs DELETED Kellwood Consumer Discretionary Apparel, Accessories & Luxury Goods

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.

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