Pandora & KEO enter FTSE 20

The FTSE/CySE 20 Advisory committee decided at a meeting held on May 4 to allow the titles of Pandora Investments Public Ltd and KEO Public Company Ltd into the index, while Vision International People Group Public Ltd and Alkis H. Hadjikyriakos (Frou-Frou Biscuits) Public Ltd. are to exit the index, effective June 1, 2006 and for the next six months.

The other FTSE/CySE 20 component stocks are BANK OF CYPRUS PUBLIC COMPANY LTD with a 1.00 float, CYPRUS POPULAR BANK PUBLIC COMPANY LTD 0.75, HELLENIC BANK PUBLIC COMPANY LTD 0.75, LOUIS PUBLIC COMPANY LTD 0.40, MUSKITA ALUMINIUM INDUSTRIES PLC 0.40, PANDORA INVESTMENTS PUBLIC LTD 0.40, A. TSOKKOS HOTELS PUBLIC LTD 0.40, PETROLINA (HOLDINGS) PUBLIC LTD 0.40, CYPRUS TRADING CORPORATION PUBLIC LTD 0.75, SFS GROUP PUBLIC COMPANY LTD 0.75, WOOLWORTH (CYPRUS) PROPERTIES PUBLIC LTD 0.75, A. ZORBAS & SONS PUBLIC LTD 0.40, LOGICOM PUBLIC LTD 0.50, ORFANIDES PUBLIC COMPANY LTD 0.40, KEO PUBLIC COMPANY LTD 0.50, ATLANTIC INSURANCE COMPANY PUBLIC LTD 0.40, OPTIONS CASSOULIDES PUBLIC COMPANY LTD 0.50, LIBRA HOLIDAYS GROUP PUBLIC LTD 0.40, LEPTOS CALYPSO HOTELS PUBLIC LTD 0.40 and D.H. CYPROTELS PUBLIC LTD 0.50.

The advisory committee also agreed on the Reserve List, which will replace any of the above stocks in the case that they exit the index prematurely. The reserve list includes MULTICHOICE (CYPRUS) PUBLIC COMPANY LTD, UNIVERSAL BANK PUBLIC LTD, MINERVA INSURANCE COMPANY PUBLIC LTD, AVACOM NET PUBLIC COMPANY LTD and A. PANAYIDES CONTRACTING PUBLIC LTD.