Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, Nov. 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 indices:

- S&P MidCap 400 constituent Cognizant Technology Solutions Corp. (NASD: CTSH) will replace Alberto-Culver Co. in the S&P 500, and the new Alberto-Culver Co. will replace Cognizant Technology in the S&P MidCap 400 after the close of trading on Thursday, November 16. Alberto Culver is issuing a $25 per share special dividend and splitting its remainder into two companies, the new Alberto Culver and Sally Beauty Holdings Inc. , in a deal expected to close on or about that date, pending final approvals. Sally Beauty Holdings will not be added to an S&P Composite 1500 index at this time. - Idearc Inc. , which is being spun off by S&P 500 and S&P 100 index constituent Verizon Communications Inc. after the close of trading on Friday, November 17, will not be added to an S&P Composite 1500 index at this time.

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

Cognizant Technology offers full life-cycle solutions to complex software development and maintenance problems. Headquartered in Teaneck, NJ, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) IT Consulting & Other Services Sub-Industry index.

Alberto-Culver develops, manufactures, distributes and markets beauty care, food and household products. Headquartered in Melrose Park, IL the company will be added to the S&P MidCap 400 GICS Personal Products Sub- Industry index.

Following is a summary of the changes: S&P 500 INDEX - November 16, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Cognizant Technology Information Technology IT Consulting & Other Services DELETED Alberto-Culver (Old) Consumer Staples Personal Products S&P MIDCAP 400 INDEX - November 16, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Alberto-Culver (New) Consumer Staples Personal Products DELETED Cognizant Technology Information Technology IT Consulting & Other Services

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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