August 12, 2003

Alacra is pleased to announce that S&P Stock Reports are now available on a transactional basis. Company reports are priced at US $50.00.

S&P Stock Reports are the industry standard in top-shelf equity analysis, covering approximately 5,000 publicly traded companies listed on the New York, American, NASDAQ and regional stock exchanges. The Stock Reports "tearsheets" include Standard & Poor's price-volume chart, statistical measures, fundamental analytics, analysts' earnings-per-share estimates, industry outlook, and the latest news on the company.

• The Basic (Stock) Report details Standard & Poor's analysts' commentary on each company, plus current and historical financial data.
• Industry Outlook shows important events and trends relevant to each company in that industry along with comparisons to noteworthy peers.
• Wall Street Consensus compiles the opinions of Wall Street analysts who follow that stock to show their stance on earnings estimates and Buy/Sell recommendations.
• News Headlines are concise summaries of recent news regarding the company and its stock earnings reports.

For more information, please contact Alacra at 1 888 333 0820 within the US, 1 212 363 9620 in New York or 44 (0)20 3059 5765 in London, or email us at [email protected].