Dow Jones Titans Indices Methodology

Dow Jones Titans Indices Methodology March 2014 S&P Dow Jones Indices: Index Methodology

Table of Contents Introduction 4 Highlights and Index Family 4 Eligibility Criteria and Index Construction 7 Dow Jones Global Titans 50 Index 7 Dow Jones Africa Titans 50 Index 9 Dow Jones Andean Titans 30 Index 11 Dow Jones Arabia Titans 50 Index 12 Dow Jones Asian Titans 50 Index 13 Dow Jones Europe Titans 80 Index and Dow Jones Eurozone Titans 80 Index 14 Dow Jones GCC Titans 40 Index 16 Dow Jones Latin America Titans 80 Index 17 Dow Jones Tiger Titans 50 Index 18 Dow Jones Country Titans 30 Indices 19 Dow Jones Brazil Titans 20 ADR Index 21 Dow Jones Canada Titans 60 Index, Dow Jones Japan Titans 100 Index and Dow Jones U.K. Titans 50 Index 22 Dow Jones Cyprus Titans 10 Index 24 Dow Jones EGX Egypt Titans 20 Index 25 Dow Jones Kuwait Titans 30 Index 26 Dow Jones Mexico Titans 20 Index, Dow Jones Sri Lanka Titans 20 Index and Dow Jones Turkey Titans 20 Index 27 Dow Jones SAFE Pakistan Titans 15 Index 28 Dow Jones Sector Titans Indices 29 Dow Jones Emerging Markets Sector Titans Indices 31 Dow Jones Emerging Asia Consumer Titans 50 Index 33 Dow Jones Emerging Markets Consumer Titans 30 Index and Dow Jones Natural Resources Titans 50 Index 35 S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 1

Index Calculations 37 Approaches 37 Index Maintenance 38 Rebalancing 38 Quarterly Updates 39 Ongoing Maintenance 40 Additions 41 Deletions 41 Corporate Actions 43 Currency of Calculation 43 Exchange Rate 43 Base Dates and History Availability 43 Investable Weight Factor (IWF) 43 Other Adjustments 43 Index Data 44 Total Return Indices 44 Index Governance 45 Index Committee 45 Index Policy 46 Announcements 46 Pro-forma Files 46 Holiday Schedule 46 Unscheduled Market Closures 47 Recalculation Policy 47 Real-Time Calculation 47 Index Dissemination 48 Tickers 48 FTP 48 Web site 48 Appendix I Currency of Calculation 49 Index Currencies 49 S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 2

Appendix II Base Dates and History Availability 51 Base Dates and History Availability 51 Appendix III - Tickers 54 Bloomberg 54 Reuters 57 S&P Dow Jones Indices Contact Information 60 Index Management 60 Product Management 60 Media Relations 60 Client Services 61 Disclaimer 62 S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 3

Introduction The Dow Jones Titans Indices measure the performance of the largest stocks within countries, sectors and regions. The flagship index of the series the Dow Jones Global Titans 50 Index includes the world's largest multinational companies. All indices in the family are constructed and maintained according to the same underlying principles, with the goal of covering the largest and most established companies in specified markets. Each of the indices contains 100 or fewer securities selected based on size, revenue, net income and/or trading volume. The family currently consists of 11 global/regional indices, 29 country indices and 34 industry/sector indices covering global sectors (19) and emerging markets sectors (15). Highlights and Index Family Global/Regional Indices Dow Jones Global Titans 50 Index. The Index measures the performance of the largest multinational companies. The index was created in reaction to increased market globalization, providing representation of companies headquartered in countries around the world. Fifty stocks are selected for the index, based on float-adjusted market capitalization, revenue and net income. Dow Jones Africa Titans 50 Index. The Index measures the stock performance of the largest 15 South African companies and 35 non-south African companies that are headquartered or generate the majority of their revenues in Africa. Stocks are selected to the index by float-adjusted market capitalization, subject to screens for size and liquidity. Dow Jones Andean Titans 30 Index. The index represents 30 blue-chip stocks selected from the Dow Jones Total Stock Market Indices for Chile, Colombia and Peru. Dow Jones Arabia Titans 50 Index. The Index measures 50 leading stocks traded on the major exchanges of Arab markets that are established and open to international investors. The index currently covers Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Tunisia and the United Arab Emirates. Index components are selected based on full market capitalization, revenue and net income. Dow Jones Asian Titans 50 Index. The Index measures the major markets of the Asia/Pacific region. It includes 25 Japan-listed stocks and 25 stocks from other major Asia/Pacific markets Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan and Thailand. Stock selection is based on float-adjusted market capitalization, revenue and net income. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 4

Dow Jones Europe Titans 80 Index. The Index measures 80 blue-chip stocks traded in the developed markets of Europe. The index currently covers Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the U.K. Stocks are selected based on float-adjusted market capitalization, revenue and net profit. Dow Jones Eurozone Titans 80 Index. The Index measures 80 blue-chip stocks traded in the developed markets of the Eurozone. The index currently covers Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain. Stocks are selected based on float-adjusted market capitalization, revenue and net profit. Dow Jones FEAS Titans 50 Equal Weighted Index. The Index is an equal-weighted measure of 50 of the largest stocks traded on exchanges that are members of the Federation of the Euro-Asian Stock Exchanges (FEAS). For further information about this index, please see the Dow Jones FEAS Indices methodology document. Dow Jones GCC Titans 40 Index. The Index measures leading stocks traded in the Gulf Cooperation Council (GCC) member countries of Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates. The index is designed to limit inclusion of companies that are not accessible to foreign investors. Dow Jones Latin America Titans 80 Index. A composite of three sub-indices covering Latin America, representing 80 of the largest and most liquid stocks in the respective markets. The index includes all stocks in the Dow Jones Andean Titans 30 TM Index, Dow Jones Brazil Titans 30 TM Index and Dow Jones Mexico Titans 20 TM Index. Dow Jones Tiger Titans 50 Index. The Index is the world's first blue-chip measure of stocks traded in "Asian Tiger" countries. Made up of 50 stocks, the index covers the major markets of Asia, excluding Japan-currently Hong Kong, Singapore, South Korea and Taiwan. Stocks for the index are chosen according to float-adjusted market capitalization, revenue and net income. Country Indices The Dow Jones Country Titans Indices represent major markets from Europe, Asia and the Americas. Stocks for each index are selected based on float-adjusted market capitalization and trading volume. Component numbers vary from index to index, based on the size of the underlying market. Represented Countries include: Countries Australia Hong Kong Netherlands Sri Lanka Brazil India Pakistan Sweden Canada Italy Saudi Arabia Switzerland Cyprus Japan Singapore Taiwan Egypt Kuwait South Africa Turkey France Malaysia South Korea U.K. Germany Mexico Spain S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 5

Sector Indices Dow Jones Sector Titans Indices. The Indices reflect the composition and performance of the 19 Supersectors defined by a proprietary classification system. Stocks are chosen based on float-adjusted market capitalization, revenue and net income. More information on the proprietary classification system, including the complete sector definitions, can be found at www.spdji.com. Represented Supersectors include: Automobiles & Parts Banks Basic Resources Chemicals Construction & Materials Financial Services Food & Beverage Health Care Industrial Goods & Services Insurance Supersectors Media Oil & Gas Personal & Household Goods Real Estate Retail Technology Telecommunications Travel & Leisure Utilities Dow Jones Emerging Markets Sector Titans Indices. The Indices measure the stock performance of leading emerging-market companies in each of the 10 Industries and 2 Sectors defined by a proprietary classification system. More information on the proprietary classification system, including the complete sector definitions, can be found at www.spdji.com. Represented Industries and Sectors include: Basic Materials Consumer Goods Consumer Services Financials Healthcare Industrial Metals & Mining Industries Industrials Oil & Gas Technology Telecommunications Utilities Sectors Mining S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 6

Eligibility Criteria and Index Construction Global/Regional Indices Dow Jones Global Titans 50 Index Index Universe. The index universe is defined as all stocks in the Dow Jones Global Index, subject to the following eligibility screens: If a company has more than one class of shares in the index universe, then only the most liquid class is eligible. If a company does not generate revenue from foreign markets, it is ineligible. For countries with significant barriers to direct foreign investment, S&P Dow Jones Indices may opt to include Depository Receipts (DRs) or other types of offshore listings in the index. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 100 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Revenue Net profit 2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the revenue rank at 20%, and the net profit rank at 20%. 3. The top 50 stocks by final rank are selected as index constituents. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 30 by final rank replaces the lowest-ranked index constituent. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 7

Any constituent stock not among the top 70 stocks by final rank is replaced by the highest-ranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 8

Dow Jones Africa Titans 50 Index Index Universe. The index universe consists of stocks traded on recognized domestic exchanges in Africa, as well as companies trading on international exchanges that generate the majority of their revenues in Africa. As of June 30, 2009, the local exchanges of South Africa, Egypt, Nigeria, Morocco and Kenya qualify for consideration. Selection Universe. Construction of the selection universe is as follows: 1. All current South African constituents are automatically added to the South African selection universe. All remaining constituents are added to the ex-south Africa selection universe 2. Non-South African stocks in the index universe, defined above, must have a minimum float-adjusted market capitalization of US$ 200 million and a minimum one-year average daily trading volume of US$ 1 million (US$ 500 thousand for current constituents). Stocks failing to meet these requirements are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the ex-south Africa selection universe until it reaches 70 securities. 3. South African stocks in the index universe, defined above, must have a minimum float-adjusted market capitalization of US$ 200 million and a minimum one-year average daily trading volume of US$ 1 million (US$ 500 thousand for current constituents). Stocks failing to meet these requirements are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the South Africa selection universe until it reaches 30 securities. Constituent Selection. Constituent selection is as follows: 1. The largest 15 South African companies and the largest 35 non-south African companies from the selection universe are added to the index. A maximum of 15 stocks are selected per country. 2. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: If any South African non-constituent is among the top 12 stocks, it replaces the lowest-ranked index constituent. If any South African constituent is not among the top 18 stocks, it will be replaced by the highest-ranked non-constituent. If any non-south African non-constituent is among the top 30 stocks, it replaces the lowest-ranked index constituent. If any non-south African constituent is not among the top 40 stocks, it will be replaced by the highest-ranked non-constituent. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 9

Weighting. The Dow Jones Africa Titans 50 Index is modified capitalization weighted, adjusting for free float and to meet diversification requirements as follows: 1. The weight of each country is capped at 25%. 2. The weight of each constituent stock is capped at 8%; weights above 8% are reallocated within the constituent s country. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 10

Dow Jones Andean Titans 30 Index Index Universe. The index universe comprises all stocks traded on the major exchanges of Chile, Colombia and Peru. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 60 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by their total liquidity and the top 30 form the index. Total liquidity is defined as the combined median US$ daily value traded over the previous six months across all listings for each stock. These multiple listings can include the local stock, cross-exchange listings, and depository receipts. Only the locally listed stock is considered for inclusion in the index. 2. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 25 replaces the lowestranked index constituent. Any constituent stock not among the top 35 stocks is replaced by the highest-ranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 11

Dow Jones Arabia Titans 50 Index Index Universe. The index universe comprises all companies domiciled in and traded on the major exchanges of Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Tunisia and the United Arab Emirates. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 100 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Full market capitalization, adjusted for any foreign ownership restrictions Sales/revenue Net income 2. For each company, a final rank is calculated by weighting the adjusted capitalization rank at 60%, the sales/revenue rank at 20%, and the net income rank at 20%. 3. The top 50 stocks by final rank are selected as index constituents. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 30 by final rank replaces the lowest-ranked index constituent. Any constituent stock not among the top 70 stocks by final rank is replaced by the highest-ranked non-constituent. Weighting. The index is weighted by adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 12

Dow Jones Asian Titans 50 Index Index Universe. The index universe is defined as all stocks in the Dow Jones Asia/Pacific Index. Countries included in the Dow Jones Asia/Pacific index are Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan and Thailand. If a company has more than one class of shares in the index universe, only the most liquid class is eligible. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 100 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Revenue Net income 2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the revenue rank at 20%, and the net income rank at 20%. 3. The top 25 Japan-listed stocks and the top 25 non-japan-listed stocks by final rank are selected as index constituents for a total of 50. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: If any Japan-listed non-constituent is among the top 15 Japan-listed stocks, it replaces the lowest-ranked index constituent. If any Japan-listed constituent is not among the top 35 Japan-listed stocks, it will be replaced by the highest-ranked non-constituent. If any non-japan-listed non-constituent is among the top 15 non-japanlisted stocks, it replaces the lowest-ranked index constituent. If any non-japan-listed constituent is not among the top 35 non-japanlisted stocks, it will be replaced by the highest-ranked non-constituent. For countries with significant barriers to direct foreign investment, S&P Dow Jones Indices may opt to include Depository Receipts (DRs) and other types of offshore listings in the index. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 13

Dow Jones Europe Titans 80 Index and Dow Jones Eurozone Titans 80 Index Index Universe. The index universe is defined as follows: Dow Jones Europe Titans 80 Index. The index universe is defined as all stocks in the Dow Jones Global Indices family that trade in the developed markets of Europe currently Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the U.K. Dow Jones Eurozone Titans 80 Index. The index universe is defined as all stocks in the Dow Jones Global Indices family that trade in the developed markets of the Eurozone currently Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain. For companies with multiple share classes, only the most liquid class is eligible. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 160 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Revenue Net profit 2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the revenue rank at 20%, and the net profit rank at 20%. 3. The top 80 stocks by final rank are selected as index constituents. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 60 by final rank replaces the lowest-ranked index constituent. Any constituent stock not among the top 100 stocks by final rank is replaced by the highest-ranked non-constituent. 5. A maximum of 20 stocks from any one country can be included in the Dow Jones Europe Titans 80 Index. A maximum of 25 stocks from any one country can be included in the Dow Jones Eurozone Titans 80 Index. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 14

Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 15

Dow Jones GCC Titans 40 Index Index Universe. The index universe consists of stocks traded in the GCC-region countries of Bahrain, Kuwait, Oman, Qatar and United Arab Emirates, as well as companies trading outside the region that generate the majority of their revenues on the Arabian Peninsula. Only stocks with an average daily trading volume of at least US$1 million are eligible for consideration. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 80 securities. Constituent Selection. Constituent selection is as follows: 1. Eligible securities in the selection universe are ranked by float-adjusted market capitalization. 2. The top three companies in each country Bahrain, Kuwait, Oman, Qatar and United Arab Emirates are selected as index constituents. 3. Stocks are then selected top-down from the pool of all remaining companies until 40 constituents are reached. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 30 replaces the lowestranked index constituent. Any constituent stock not among the top 50 stocks is replaced by the highest-ranked non-constituent. 5. A maximum of 15 companies per country can be included in the index. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 8% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 16

Dow Jones Latin America Titans 80 Index Index Universe. The index is a composite of three sub-indices covering Latin America: Dow Jones Andean Titans 30 Index Dow Jones Brazil Titans 30 Index Dow Jones Mexico Titans 20 Index Index Construction. The index includes all stocks in the Dow Jones Andean Titans 30 Index, Dow Jones Brazil Titans 30 Index and Dow Jones Mexico Titans 20 Index. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 17

Dow Jones Tiger Titans 50 Index Index Universe. The index universe comprises constituent stocks of the Dow Jones Global Index that trade in Hong Kong, Singapore, South Korea and Taiwan, subject to the following eligibility screens: If a company has more than one class of shares in the index universe, then only the most liquid class is eligible. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 100 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Revenue Net income 2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the revenue rank at 20%, and the net income rank at 20%. 3. The top 50 stocks by final rank are selected as index constituents. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 40 by final rank replaces the lowest-ranked index constituent. Any constituent stock not among the top 60 stocks by final rank is replaced by the highest-ranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 18

Country Indices Dow Jones Country Titans 30 Indices Index Universe. The index universe is defined as all stocks in the following indices. Index Dow Jones Australia Titans 30 Index Dow Jones Brazil Titans 30 Index Dow Jones France Titans 30 Index Dow Jones Germany Titans 30 Index Dow Jones Hong Kong Titans 30 Index Dow Jones India Titans 30 Index Dow Jones Italy Titans 30 Index Dow Jones Malaysia Titans 30 Index Dow Jones Netherlands Titans 30 Index Dow Jones Saudi Titans 30 Index Dow Jones Singapore Titans 30 Index Dow Jones South Africa Titans 30 Index Dow Jones South Korea Titans 30 Index Dow Jones Spain Titans 30 Index Dow Jones Sweden Titans 30 Index Dow Jones Switzerland Titans 30 Index Dow Jones Taiwan Titans 30 Index Index Universe Dow Jones Australia Index Dow Jones Brazil Index Dow Jones France Index Dow Jones Germany Index Dow Jones Hong Kong Index Dow Jones India Index Dow Jones Italy Index Dow Jones Malaysia Index Dow Jones Netherlands Index All stocks trading on the Saudi Stock Exchange Dow Jones Singapore Index Dow Jones South Africa Index Dow Jones South Korea Index Dow Jones Spain Index Dow Jones Sweden Index Dow Jones Switzerland Index Dow Jones Taiwan Index Selection Universe. For each index, construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 60 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked first by float-adjusted market capitalization and then by 12-month average daily domestic currency trading volume. 2. An equally weighted combination of the size and liquidity ranks is calculated, and then the stocks in the selection universe are sorted by this final rank. For companies with more than one issue, the issue with the lower final rank is removed. 3. Stocks are selected top-down by final rank until the target constituent count of 30 is reached, subject to the following buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked 25 or higher replaces the lowestranked index constituent. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 19

Any constituent stock ranked 35 or lower is replaced by the highestranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization (15% for the Dow Jones Saudi Titans 30 Index). Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 20

Dow Jones Brazil Titans 20 ADR Index Index Universe. The index universe is defined as all Depository Receipts that trade on NYSE or NASDAQ. Excluded are derivative issues and issues with less than three months of volume history. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 40 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked first by float-adjusted market capitalization and then by three-month average dollar volume. 2. An equally weighted combination of the size and liquidity ranks is calculated, and then the stocks in the selection universe are sorted by this final rank. For companies with more than one issue, the issue with the lower final rank is removed. 3. Twenty stocks are selected based on final rank, using a buffer of 15-25. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: The top 15 issues are selected for the index, regardless of whether they are current constituents. Current constituents ranked 16-25 are selected top-down to fill the remaining spots. If the number of selected issues is still less than 20, current nonconstituents ranked 16-20 are selected top-down to fill the remaining spots. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 25% of the index s total float-adjusted market capitalization. In addition, the weight of the top five constituents is capped at 50%. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 21

Dow Jones Canada Titans 60 Index, Dow Jones Japan Titans 100 Index and Dow Jones U.K. Titans 50 Index Index Universe. The index universe is defined as all stocks in the following indices. Index Dow Jones Canada Titans 60 Index Dow Jones Japan Titans 100 Index Dow Jones U.K. Titans 50 Index Index Universe Dow Jones Canada Index Dow Jones Japan Index Dow Jones U.K. Index Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches the following: Selection Universe Target Index Count Dow Jones Canada Titans 60 Index 120 Dow Jones Japan Titans 100 Index 200 Dow Jones U.K. Titans 50 Index 100 Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked first by float-adjusted market capitalization and then by 12-month average daily domestic currency trading volume. 2. An equally weighted combination of the size and liquidity ranks is calculated, and then the stocks in the selection universe are sorted by this final rank. For companies with more than one issue, the issue with the lower final rank is removed. 3. Stocks are selected top-down by final rank until the target constituent count is reached. Index Target Constituent Count Dow Jones Canada Titans 60 Index 60 Dow Jones Japan Titans 100 Index 100 Dow Jones U.K. Titans 50 Index 50 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Dow Jones Canada Titans 60 Index. Any non-constituent stock ranked 50 or higher replaces the lowest-ranked index constituent. Any constituent stock ranked 70 or lower is replaced by the highest-ranked non-constituent. Dow Jones Japan Titans 100 Index. Any non-constituent stock ranked 80 or higher replaces the lowest-ranked index constituent. Any S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 22

constituent stock ranked 120 or lower is replaced by the highest-ranked non-constituent. Dow Jones U.K. Titans 50 Index. Any non-constituent stock ranked 40 or higher replaces the lowest-ranked index constituent. Any constituent stock ranked 60 or lower is replaced by the highest-ranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 23

Dow Jones Cyprus Titans 10 Index Index Universe. The index universe is defined as all stocks in the Dow Jones Cyprus Total Stock Market Index. The exchanges currently represented in the index are the Cyprus Stock Exchange and the Athens Stock Exchange. Issues listed on the Athens Stock Exchange from companies domiciled in Cyprus are eligible for inclusion if the local listing is less liquid. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. The top ranked non-constituents in the index universe, defined above, by floatadjusted market capitalization are added to the selection universe until it reaches 20 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked first by float-adjusted market capitalization and then by 12-month average daily domestic currency trading volume. 2. An equally weighted combination of the size and liquidity ranks is calculated, and then the stocks in the selection universe are sorted by this final rank. For companies with more than one issue, the issue with the lower final rank is removed. 3. Stocks are selected top-down by final rank until the target constituent count of 10 is reached. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked 8 or higher replaces the lowest-ranked index constituent. Any constituent stock ranked 12 or lower is replaced by the highestranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 20% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 24

Dow Jones EGX Egypt Titans 20 Index Index Universe. The index universe is defined as all companies trading on The Egypt Exchange (EGX) and domiciled in Egypt. If a company has more than one class of shares in the index universe, then only the larger class is eligible. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having had 30 or more non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 40 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Sales/revenue Net income 2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the sales/revenue rank at 20%, and the net income rank at 20%. 3. The top 20 stocks by final rank are selected as index constituents. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 10 by final rank replaces the lowest-ranked index constituent. Any constituent stock not among the top 30 stocks by final rank is replaced by the highest-ranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Constituents weights may be capped so that one constituent may have a weight of up to 35%, and all other constituents may have weights of up to 20%. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 25

Dow Jones Kuwait Titans 30 Index Index Universe. The index universe is defined as all stocks trading on the Kuwait Stock Exchange. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 60 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked first by full market capitalization and then by 12-month average daily domestic currency trading volume. 2. An equally weighted combination of the size and liquidity ranks is calculated, and then the stocks in the selection universe are sorted by this final rank. 3. Stocks are selected top-down by final rank until the target constituent count of 30 is reached. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked 25 or higher replaces the lowestranked index constituent. Any constituent stock ranked 35 or lower is replaced by the highestranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total full market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 26

Dow Jones Mexico Titans 20 Index, Dow Jones Sri Lanka Titans 20 Index and Dow Jones Turkey Titans 20 Index Index Universe. The index universe is defined as follows: Dow Jones Mexico Titans 20 Index. The index universe is defined as all stocks in the Dow Jones Mexico Total Stock Market Index. Dow Jones Sri Lanka Titans 20 Index. The index universe is defined as all stocks in the Dow Jones Sri Lanka Index. Dow Jones Turkey Titans 20 Index. The index universe is defined as all stocks in the Dow Jones Turkey Index. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 40 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked first by float-adjusted market capitalization and then by 12-month average daily domestic currency trading volume. 2. An equally weighted combination of the size and liquidity ranks is calculated, and then the stocks in the selection universe are sorted by this final rank. For companies with more than one issue, the issue with the lower final rank is removed. 3. Stocks are selected top-down by final rank until the target constituent count of 20 is reached. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked 17 or higher replaces the lowestranked index constituent. Any constituent stock ranked 23 or lower is replaced by the highestranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. Each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization (15% of the index s total float-adjusted market capitalization for the Dow Jones Sri Lanka Titans 20 Index). Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 27

Dow Jones SAFE Pakistan Titans 15 Index Index Universe. The index universe for the Dow Jones SAFE Pakistan Titans 15 Index includes constituent stocks of the Dow Jones SAFE 100 Index, which measures the performance of 50 of the largest stocks trading in India and 50 of the largest stocks trading in Bangladesh, Mauritius, Pakistan and Sri Lanka. Non-Pakistan-traded issues are excluded. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 30 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked first by float-adjusted market capitalization and then by 12-month average daily domestic currency trading volume. 2. An equally weighted combination of the size and liquidity ranks is calculated, and then the stocks in the selection universe are sorted by this final rank. For companies with more than one issue, the issue with the lower final rank is removed. 3. Stocks are selected top-down by final rank until the target constituent count of 15 is reached. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked 12 or higher replaces the lowestranked index constituent. Any constituent stock ranked 19 or lower is replaced by the highestranked non-constituent. Weighting. The index is weighted by float-adjusted market capitalization. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 28

Sector Indices Dow Jones Sector Titans Indices Index Universe. The index universe is defined as all stocks in the Dow Jones Global Index that are categorized into the corresponding Supersector, based on a proprietary classification system used by S&P Dow Jones Indices, as noted in the table below. In addition, stocks are subject to the following eligibility screens: If a company has more than one class of shares in the index universe, then only the most liquid class is eligible. For countries with significant barriers to direct foreign investment, S&P Dow Jones Indices may opt to include Depository Receipts (DRs) or other types of offshore listings in the index. Index Supersector (Code) Dow Jones Automobile & Parts Titans 30 Index Automobiles & Parts (3300) Dow Jones Banks Titans 30 Index Banks (8300) Dow Jones Basic Resources Titans 30 Index Basic Resources (1700) Dow Jones Chemicals Titans 30 Index Chemicals (1300) Dow Jones Construction & Materials Titans 30 Index Construction & Materials (2300) Dow Jones Financial Services Titans 30 Index Financial Services (8700) Dow Jones Food & Beverage Titans 30 Index Food & Beverage (3500) Dow Jones Health Care Titans 30 Index Health Care (4500) Dow Jones Industrial Goods & Services Titans 30 Index Industrial Goods & Services (2700) Dow Jones Insurance Titans 30 Index Insurance (8500) Dow Jones Media Titans 30 Index Media (5500) Dow Jones Oil & Gas Titans 30 Index Oil & Gas (0500) Dow Jones Personal & Household Goods Titans 30 Index Personal & Household Goods (3700) Dow Jones Real Estate Titans 30 Index Real Estate (8600) Dow Jones Retail Titans 30 Index Retail (5300) Dow Jones Technology Titans 30 Index Technology (9500) Dow Jones Telecommunications Titans 30 Index Telecommunications (6500) Dow Jones Travel & Leisure Titans 30 Index Travel & Leisure (5700) Dow Jones Utilities Titans 30 Index Utilities (7500) Selection Universe. For each of the 19 Supersector indices, construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 60 securities. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 29

Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Revenue Net profit 2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the revenue rank at 20%, and the net profit rank at 20%. 3. The top 30 stocks by final rank are selected as index constituents. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 20 by final rank replaces the lowest-ranked index constituent. Any constituent stock not among the top 40 stocks by final rank is replaced by the highest-ranked non-constituent. Weighting. The indices are weighted by float-adjusted market capitalization. Within each index, each constituent s weight is capped at 10% of the index s total float-adjusted market capitalization. Weights are reviewed quarterly. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 30

Dow Jones Emerging Markets Sector Titans Indices Index Universe. The index universe is defined as all stocks in the Dow Jones Emerging Markets Total Stock Market Index that are categorized into the corresponding Industry or Sector, based on a proprietary classification system used by S&P Dow Jones Indices, as noted in the table below. For countries with significant barriers to direct foreign investment, S&P Dow Jones Indices may opt to include Depository Receipts (DRs) or other types of offshore listings in the index. The index excludes local China shares that trade in Shanghai and Shenzhen. Only stocks of companies in mainland China that trade on the exchanges of Hong Kong and the U.S. are eligible. Index Industy/Sector (Code) Dow Jones Emerging Markets Sector Titans Composite 100 Index Each of the 10 Industries Dow Jones Emerging Markets Basic Materials Titans 30 Index Basic Materials (1000) Dow Jones Emerging Markets Consumer Goods Titans 30 Index Consumer Goods (3000) Dow Jones Emerging Markets Consumer Services Titans 30 Index Consumer Services (5000) Dow Jones Emerging Markets Financials Titans 30 Index Financials (8000) Dow Jones Emerging Markets Health Care Titans 30 Index Healthcare (4000) Dow Jones Emerging Markets Industrials Titans 30 Index Industrials (2000) Dow Jones Emerging Markets Metals & Mining Titans 30 Index Industrial Metals & Mining (1750) Mining (1770) Dow Jones Emerging Markets Oil & Gas Titans 30 Index Oil & Gas (0001) Dow Jones Emerging Markets Technology Titans 30 Index Technology (9000) Dow Jones Emerging Markets Telecommunications Titans 30 Index Telecommunications (6000) Dow Jones Emerging Markets Utilities Titans 30 Index Utilities (7000) Selection Universe. With the exception of the Dow Jones Emerging Markets Sector Titans Composite 100 Index, each index s selection universe is constructed as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 60 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Revenue Net profit S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 31

2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the revenue rank at 20%, and the net profit rank at 20%. 3. The top 30 stocks by final rank are selected as index constituents. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 20 by final rank replaces the lowest-ranked index constituent. Any constituent stock not among the top 40 stocks by final rank is replaced by the highest-ranked non-constituent. For the Dow Jones Emerging Markets Sector Titans Composite 100 Index, the index is created by selecting the 10 top-ranked stocks from each of the 10 Dow Jones Emerging Markets Sector Titans Indices for a total constituent count of 100. Weighting. The indices are modified capitalization weighted, adjusting for free float and to meet diversification requirements as follows: The weight of any individual security is restricted to 10% in the index. The aggregate weight of individual securities with weights of 4.5% or more is restricted to 45% in the index. The index constituent weightings are updated on a quarterly basis, in March, June, September and December. Constituent weights will be aggregated together in cases where a constituent owns 50% or more of another constituent s outstanding shares when the quarterly weight factors detailed above are calculated. Constituents exceeding the defined threshold will be classified as related companies and will be required to meet the weight diversification rules outlined above on a quarterly basis. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 32

Dow Jones Emerging Asia Consumer Titans 50 Index Index Universe. The index universe is defined as all constituent stocks of the Dow Jones Global Total Stock Market Index from China Offshore, India, Indonesia, Malaysia, the Philippines and Thailand that are classified as Consumer Goods (3000) or Consumer Services (5000), based on a proprietary classification system used by S&P Dow Jones Indices. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 100 securities. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by each of the following: Float-adjusted market capitalization Revenue Net profit 2. For each company, a final rank is calculated by weighting the float-adjusted market capitalization rank at 60%, the revenue rank at 20%, and the net profit rank at 20%. 3. The top 20 stocks by final rank from each industry are selected as index constituents. 4. Ten additional stocks are selected from the remaining non-constituent companies starting with the highest ranking remaining company based on final rank. 5. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 40 by final rank replaces the lowest-ranked index constituent. Any constituent stock not among the top 60 stocks by final rank is replaced by the highest-ranked non-constituent. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 33

Weighting. The index is modified capitalization weighted, adjusting for free float and to meet diversification requirements as follows: The weight of any individual security is restricted to 5% in the index. The aggregate weight of individual securities with weights of 4.5% or more is restricted to 45% in the index. The index constituent weightings are updated on a quarterly basis, in March, June, September and December. Constituent weights will be aggregated together in cases where a constituent owns 50% or more of another constituent s outstanding shares when the quarterly weight factors detailed above are calculated. Constituents exceeding the defined threshold will be classified as related companies and will be required to meet the weight diversification rules outlined above on a quarterly basis. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 34

Dow Jones Emerging Markets Consumer Titans 30 Index and Dow Jones Natural Resources Titans 50 Index Index Universe. The index universe is defined as follows: Dow Jones Emerging Markets Consumer Titans 30 Index. The index universe is defined as all constituent stocks of the Dow Jones Emerging Markets Consumer Goods Titans 30 Index and the Dow Jones Emerging Markets Consumer Services Titans 30. Dow Jones Natural Resources Titans 50 Index. The index universe is defined as all constituent stocks of the Dow Jones Emerging Markets Oil & Gas Titans 30 Index and the Dow Jones Emerging Markets Basic Materials Titans 30 Index. Selection Universe. Construction of the selection universe is as follows: 1. All current constituents are automatically added to the selection universe. 2. Stocks in the index universe, defined above, having more than 10 non-trading days over the past quarter are excluded. The top ranked eligible non-constituents by float-adjusted market capitalization are added to the selection universe until it reaches 60 securities for the Dow Jones Emerging Markets Consumer Titans 30 Index and 100 securities for the Dow Jones Natural Resources Titans 50 Index. Constituent Selection. Constituent selection is as follows: 1. Stocks in the selection universe are ranked by Float-adjusted market capitalization. 2. For the Dow Jones Emerging Markets Consumer Titans 30 Index, the top 10 companies in each of the two industries are selected as index constituents. For the Dow Jones Natural Resources Titans 50 Index, the top 20 companies in each of the two industries are selected as index constituents. 3. Ten additional stocks are selected from the remaining non-constituent companies starting with the largest remaining company based on float-adjusted market capitalization. 4. During subsequent reviews, selections are subject to buffers that aim to limit index turnover by favoring current constituents: Any non-constituent stock ranked among the top 20 replaces the lowestranked index constituent. Any constituent stock not among the top 40 stocks is replaced by the highest-ranked non-constituent. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 35

Weighting. Each index is modified capitalization weighted, adjusting for free float and to meet diversification requirements as follows: The weight of any individual security is restricted to 10% in the index. The aggregate weight of individual securities with weights of 4.5% or more is restricted to 45% in the index. The index constituent weightings are updated on a quarterly basis, in March, June, September and December. Constituent weights will be aggregated together in cases where a constituent owns 50% or more of another constituent s outstanding shares when the quarterly weight factors detailed above are calculated. Constituents exceeding the defined threshold will be classified as related companies and will be required to meet the weight diversification rules outlined above on a quarterly basis. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 36

Index Calculations Approaches The indices are calculated by means of the divisor methodology used in all S&P Dow Jones Indices equity indices. For more information on the Index calculation methodology, please refer to the Modified Market Capitalization Weighted Indices section of S&P Dow Jones Indices Index Mathematics Methodology. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 37

Index Maintenance Rebalancing Index composition is rebalanced annually in September, unless indicated otherwise in the table below. Changes are implemented at the open of trading on the Monday following the third Friday of the annual rebalancing month. Index Dow Jones Andean Titans 30 Index Dow Jones Arabia Titans 50 Index Dow Jones GCC Titans 40 Index Dow Jones Latin America Titans 80 Index Dow Jones Australia Titans 30 Index Dow Jones Brazil Titans 20 ADR Index Dow Jones Brazil Titans 30 Index Dow Jones Canada Titans 60 Index Dow Jones Cyprus Titans 10 Index Dow Jones EGX Egypt Titans 20 Index Dow Jones France Titans 30 Index Dow Jones Germany Titans 30 Index Dow Jones Hong Kong Titans 30 Index Dow Jones India Titans 30 Index Dow Jones Italy Titans 30 Index Dow Jones Japan Titans 100 Index Dow Jones Kuwait Titans 30 Index Dow Jones Malaysia Titans 30 Index Dow Jones Mexico Titans 20 Index Dow Jones Netherlands Titans 30 Index Dow Jones SAFE Pakistan Titans 15 Index Dow Jones Saudi Titans 30 Index Dow Jones Singapore Titans 30 Index Dow Jones South Africa Titans 30 Index Dow Jones South Korea Titans 30 Index Dow Jones Spain Titans 30 Index Dow Jones Sri Lanka Titans 20 Index Dow Jones Sweden Titans 30 Index Dow Jones Switzerland Titans 30 Index Dow Jones Taiwan Titans 30 Index Dow Jones Turkey Titans 20 Index Dow Jones U.K. Titans 50 Index Annual Rebalancing Month March June June March March March March March March June March March March March March March March March March March March March March March March March March March March March March March S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 38

Quarterly Updates The constituent shares outstanding and cap factors are reviewed and updated quarterly. Changes to a constituent s shares and cap factors as a result of the quarterly updates are implemented after the closing values have been established on the third Friday in March, June, September and December, and are effective at the open of the next trading day. In addition, on a quarterly basis (outside of the annual rebalancing), the selection universe is updated and re-ranked in order to check for possible early entry or removal of securities. Changes to index composition and related weight adjustments are made as soon as they are effective. These changes are typically announced two business days prior to the implementation date. If an eligible company in the selection universe ranks at or above the early entry threshold rank described in the table below, it will replace the lowest-ranked constituent. Otherwise, any company that qualifies for the index will be considered for inclusion at the next annual review. If a current index constituent does not rank at or greater than the early removal threshold rank, it is removed and replaced with the highest-ranked nonconstituent. Index Dow Jones Country Titans Indices Dow Jones Sector Titans Indices Dow Jones Emerging Markets Sector Titans Indices Index Constituent Count Early Entry Threshold Rank Early Removal Threshold Rank 10 3 20 20 5 40 30 10 60 40 10 80 50 20 100 60 20 120 100 20 200 30 10 60 30 10 N/A For the Dow Jones Global Titans 50 Index, constituent stocks with a market capitalization rank greater than 200 at the quarterly update are removed from the index. The company will be replaced by the highest-ranking non-constituent. Constituent stocks with a market capitalization rank greater than 120 for two consecutive quarterly updates are removed from the index. The company will be replaced by the highest-ranking non-constituent. For the Dow Jones Emerging Sector Titans Indices, constituents are subject to minimum average daily trading volume and float market capitalization requirements at the quarterly review. If a constituent does not meet the requirements it will be replaced with the highest ranked non-constituent. If the non-constituents do not meet the requirements, the index s constituent count will fall below the fixed constituent number until a viable non-constituent can be used as a replacement at the next quarterly review. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 39

Ongoing Maintenance The indices are also reviewed on an ongoing basis to account for corporate events such as mergers, takeovers, delistings or bankruptcies. Changes to index composition and related weight adjustments are made as soon as they are effective. These changes are typically announced two business days prior to the implementation date. Spinoffs and Related Restructurings. Depending on the index, spinoffs are treated as follows: For the indices in the table below, if an index constituent splits or spins off a portion of its business to form one or more new companies, all of the companies involved in the spinoff will be evaluated for index eligibility. If the larger of the parent company or its spinoff would be among the top companies as per the thresholds in the table below, that company takes the place of the pre-spinoff company in the index. Otherwise, the original constituent is replaced by the largest non-constituent. Index Dow Jones Global Titans 50 TM Dow Jones Arabia Titans 50 TM Dow Jones Asian Titans 50 TM Dow Jones Tiger Titans 50 TM Dow Jones Sector Titans Indices Top Company Threshold Top 70 companies Top 35 companies Top 35 companies Top 70 companies Top 40 companies For the Dow Jones Country Titans Indices, if an index constituent is restructured into two or more new companies, the largest new company in terms of market capitalization will be included in the index immediately after the close of trading on the day the restructuring becomes effective, providing it otherwise would be eligible for index membership. If the restructuring involves an index constituent spinning off a portion of its business to form a new company or companies, the parent company, if otherwise eligible for index membership, generally will be retained in the index until the next annual rebalancing. However, there may be situations where a spinoff, due to its size, may be retained in an index instead of the legally surviving parent company. Otherwise, for a new spinoff to qualify for an index, it must pass through the selection processes during the next annual review. Mergers. Mergers can occur between index constituents and between an index constituent and a non-constituent company. If an index constituent merges with another index constituent, their index memberships will be assumed by the new company immediately after the close of trading on the effective date of the merger, providing the new company qualifies for the index. The top-ranked non-constituent will fill the vacancy created by the merger. If the new company does not qualify for the index, then the two original constituents will be replaced by the largest two non-constituents. If an index constituent merges with a non-constituent company, its index membership will be assumed by the new company immediately after the close of trading on the effective date of the merger, providing the new company qualifies S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 40

for the index. If the new company does not qualify for the index, then the original constituent will be replaced by the largest non-constituent. Takeovers. Takeovers can occur between index constituents and between an index constituent and a non-constituent company. If an index constituent is taken over by another constituent, the former is removed from the index immediately after the close of trading on the day the takeover becomes effective. The replacement will be the top-ranked nonconstituent. If an index constituent is taken over by a non-constituent company, the acquiring company will replace its position, providing the acquiring company meets all eligibility criteria. Otherwise, the top-ranked non-constituent will be selected as the replacement. Primary Market Listings. In the event that a constituent company s primary market listing is moved to a different exchange not covered by the index, the company is removed from the index effective immediately (i.e. on the same day the corporate action becomes effective). In such a scenario, it will be replaced by the largest applicable nonconstituent. Delisting and Bankruptcy. If an index constituent is delisted by its primary market, or is in bankruptcy proceedings, it will be removed from the index immediately. Additions Generally no companies are added to an index between annual composition rebalancings except as described in the previous sections, Quarterly Updates and Ongoing Maintenance. Any exceptions to this rule are announced to clients with ample lead time. Deletions Between rebalancings, a company can be deleted from an index due to corporate events such as mergers, acquisitions, takeovers, delistings or bankruptcies and as otherwise described in the previous sections, Quarterly Updates and Ongoing Maintenance. Whenever possible, changes in the index s constituents are announced at least two business days prior to their implementation date. If an index constituent is suspended by its primary market, it may be removed from the index at the discretion of the Index Committee. Whenever practicable, S&P Dow Jones Indices will use the best-available alternate pricing source to determine the value at which the company should be removed from the index. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 41

Quarterly Stock Replacement. For the majority of indices, a replacement stock will be added to the index at the next quarterly update. However, if an index drops 10% or more of its constituents between annual composition rebalancing dates, based on count, the index is reviewed by the Index Committee to determine when replacement stocks are included in the index either immediately with five days advanced notice or as described above. Exceptions to this rule are described below. Immediate Stock Replacement. A replacement stock will be added to the index immediately when a constituent stock is removed for the following indices: Global/Regional Indices: o o o Country Indices: o o o o Dow Jones Global Titans 50 TM Dow Jones Africa Titans 50 TM Dow Jones GCC Titans 40 TM Dow Jones Brazil Titans 20 TM ADR Dow Jones Canada Titans 60 TM Dow Jones South Korea Titans 30 TM Dow Jones Turkey Titans 20 TM Emerging Markets Sector Indices: o o o o o o o o o o o o o o o Dow Jones Emerging Markets Sector Titans Composite 100 TM Dow Jones Emerging Asia Consumer Titans 50 TM Dow Jones Emerging Markets Basic Materials Titans 30 TM Dow Jones Emerging Markets Consumer Goods Titans 30 TM Dow Jones Emerging Markets Consumer Services Titans 30 TM Dow Jones Emerging Markets Consumer Titans 30 TM Dow Jones Emerging Markets Financials Titans 30 TM Dow Jones Emerging Markets Health Care Titans 30 TM Dow Jones Emerging Markets Industrials Titans 30 TM Dow Jones Emerging Markets Metals & Mining Titans 30 TM Dow Jones Emerging Markets Natural Resources Titans 50 TM Dow Jones Emerging Markets Oil & Gas Titans 30 TM Dow Jones Emerging Markets Technology Titans 30 TM Dow Jones Emerging Markets Telecommunications Titans 30 TM Dow Jones Emerging Markets Utilities Titans 30 TM S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 42

Corporate Actions For more information, please refer to S&P Dow Jones Indices Corporate Actions Policies & Practices document located under the Resource Center on our Web site, www.spdji.com. Currency of Calculation Please refer to the Appendix I for each index s respective currencies of calculation. Exchange Rate Real-time spot Forex rates, as supplied by Reuters, are used for ongoing index calculation of real-time indices. WM/Reuters foreign exchange rates are taken daily at 4:00 PM London Time (GMT) and used in the end-of-day calculation of the indices. These mid-market fixings are calculated by The WM Company based on Reuters data and appear on Reuters pages WMRA. Base Dates and History Availability Please refer to the Appendix II for history availability, base dates and base values. Investable Weight Factor (IWF) All issues in the Dow Jones Titans Indices are assigned a float factor, called an Investable Weight Factor (IWF). The IWF ranges between 0 and 1 and is an adjustment factor that accounts for the publicly available shares of a company. The company s adjusted market capitalization determines an equity issue s relative weight in the index. Please refer to the S&P Dow Jones Indices Float Methodology document for details. Shares. For more information on shares outstanding changes, please refer to S&P Dow Jones Indices Corporate Actions Policies & Procedures document located under the Resource Center on our Web site, www.spdji.com. Other Adjustments In cases where there is no achievable market price for a stock being deleted, it may be removed at a zero or minimal price at the Index Committee s discretion, in recognition of the constraints faced by investors in trading bankrupt or suspended stocks. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 43

Index Data Total Return Indices Total return index series are calculated for the indices as well as the price return series. Ordinary cash dividends are applied on the ex-date in calculating the total return series. Special dividends are those dividends that are outside of the normal payment pattern established historically by the issuing corporation. These may be described by the corporation as special, extra, year-end, or return of capital. Whether a dividend is funded from operating earnings or from other sources of cash does not affect the determination of whether it is ordinary or special. Special dividends are treated as corporate actions with offsetting price and divisor adjustments; the total return index series reflect both ordinary and special dividends. Net Dividends. Total return index series for the majority of indices reflect the return to an investor where dividends are reinvested after the deduction of a withholding tax. The tax rate applied is the rate to non-resident institutions that do not benefit from double taxation treaties. Gross Dividends. For the following Country Indices, total return index series reflect the return to an investor where gross dividends are reinvested. Dow Jones Australia Titans 30 TM Dow Jones Mexico Titans 20 TM Dow Jones Canada Titans 60 TM Dow Jones EGX Egypt Titans 20 TM Dow Jones Hong Kong Titans 30 TM Dow Jones India Titans 30 TM Dow Jones Japan Titans 100 TM Dow Jones Kuwait Titans 30 TM Dow Jones SAFE Pakistan Titans 15 TM Dow Jones Singapore Titans 30 TM Dow Jones South Africa Titans 30 TM Dow Jones South Korea Titans 30 TM Dow Jones Sri Lanka Titans 20 TM Dow Jones Taiwan Titans 30 TM Dow Jones Malaysia Titans 30 TM For more information on the tax rates used in the calculation of net return indices, please refer to S&P Dow Jones Indices Corporate Actions Policies & Practices document located under the Resource Center on our Web site, www.spdji.com. Please refer to the S&P Dow Jones Indices Index Mathematics Methodology for more detail on total and net return index calculations. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 44

Index Governance Index Committee The indices are maintained by an Index Committee. The Index Committee meets regularly. All committee members are full-time professional members of S&P Dow Jones Indices staff. At each meeting, the Index Committee reviews pending corporate actions that may affect index constituents, statistics comparing the composition of the indices to the market, companies that are being considered as candidates for addition to an index, and any significant market events. In addition, the Index Committee may revise index policy covering rules for selecting companies, treatment of dividends, share counts or other matters. S&P Dow Jones Indices considers information about changes to its indices and related matters to be potentially market moving and material. Therefore, all Index Committee discussions are confidential. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 45

Index Policy Announcements All index constituents are evaluated daily for data needed to calculate index levels and returns. All events affecting the daily index calculation are typically announced 30 days in advance via the Index Corporate Events report (SDE), delivered daily via ftp to all clients. Any unusual treatment of a corporate action or short notice of an event may be communicated via email to clients. Press releases are posted on our Web site, www.spdji.com, and are released to major news services. Index methodology is constantly under review for best practices, and any changes are announced well ahead of time via the Web site and email to all clients. Pro-forma Files In addition to the corporate events file (.SDE), S&P Dow Jones Indices provides constituent proforma files each time the indices rebalance. The proforma file is typically provided daily five business days in advance of the rebalancing date and contains all constituents and their corresponding weights and index shares effective for the upcoming rebalancing. Since index shares are assigned based on prices one week prior to the rebalancing, the actual weight of each stock at the rebalancing differs from these weights due to market movements. Please visit the S&P Dow Jones Indices Resource Center for a complete schedule of rebalancing timelines and proforma delivery times at www.spdji.com. Holiday Schedule The Dow Jones Titans Indices are calculated daily, throughout the calendar year. The only days an index is not calculated are on days when all exchanges where an index s constituents are listed are officially closed or if WM Reuters exchange rates services are not published. A complete holiday schedule for the year is available on the S&P Dow Jones Indices Web site at www.spdji.com. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 46

Unscheduled Market Closures In situations where an exchange is forced to close early due to unforeseen events, such as computer or electric power failures, weather conditions or other events, S&P Dow Jones Indices calculates the closing price of the indices based on (1) the closing prices published by the exchange, or (2) if no closing price is available, the last regular trade reported for each stock before the exchange closed. In all cases, the prices are from the primary exchange for each stock in the index. If an exchange fails to open due to unforeseen circumstances, the index uses the prior day s closing prices. If all exchanges fail to open, S&P Dow Jones Indices may determine not to publish the index for that day. Recalculation Policy S&P Dow Jones Indices reserves the right to recalculate an index under certain limited circumstances. S&P Dow Jones Indices may choose to recalculate and republish an index if it is found to be incorrect or inconsistent within two trading days of the publication of the index level in question for one of the following reasons: 1. Incorrect or revised closing price 2. Missed corporate event 3. Late announcement of a corporate event 4. Incorrect application of corporate action or index methodology Any other restatement or recalculation of an index is only done under extraordinary circumstances to reduce or avoid possible market impact or disruption as solely determined by the Index Committee. For more information on the recalculation policy please refer to S&P Dow Jones Indices Corporate Actions Policies & Practices Index Methodology document located under the Resource Center on our Web site, www.spdji.com. Real-Time Calculation Real-time, intra-day, index calculations are executed for certain indices, whenever any of their primary exchanges are open. Real-time indices are not restated. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 47

Index Dissemination Index levels are available through S&P Dow Jones Indices Web site at www.spdji.com, major quote vendors, numerous investment-oriented Web sites, and various print and electronic media. Tickers Please refer to the Appendix III for Bloomberg and Reuters tickers. FTP Daily stock level and index data is available via FTP on subscription. For further information, please refer to S&P Dow Jones Indices Web site at www.spdji.com. Web site For further information, please refer to S&P Dow Jones Indices Web site at www.spdji.com. S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 48

Appendix I Currency of Calculation Index Currencies Index Global/Regional Indices: Dow Jones Global Titans 50 TM Dow Jones Africa Titans 50 TM Dow Jones Andean Titans 30 TM Dow Jones Arabia Titans 50 TM Dow Jones Asian Titans 50 TM Dow Jones Europe Titans 80 TM Dow Jones Eurozone Titans 80 TM Dow Jones GCC Titans 40 TM Dow Jones Latin America Titans 80 TM Dow Jones Tiger Titans 50 TM Country Indices: Dow Jones Australia Titans 30 TM Dow Jones Brazil Titans 20 TM ADR Dow Jones Brazil Titans 30 TM Dow Jones Canada Titans 60 TM Dow Jones Cyprus Titans 10 TM Dow Jones EGX Egypt Titans 20 TM Dow Jones France Titans 30 TM Dow Jones Germany Titans 30 TM Dow Jones Hong Kong Titans 30 TM Dow Jones India Titans 30 TM Dow Jones Italy Titans 30 TM Dow Jones Japan Titans 100 TM Dow Jones Kuwait Titans 30 TM Dow Jones Malaysia Titans 30 TM Dow Jones Mexico Titans 20 TM Dow Jones Netherlands Titans 30 TM Dow Jones SAFE Pakistan Titans 15 TM Dow Jones Saudi Titans 30 TM Dow Jones Singapore Titans 30 TM Dow Jones South Africa Titans 30 TM Dow Jones South Korea Titans 30 TM Dow Jones Spain Titans 30 TM Dow Jones Sri Lanka Titans 20 TM Dow Jones Sweden Titans 30 TM Dow Jones Switzerland Titans 30 TM Dow Jones Taiwan Titans 30 TM Dow Jones Turkey Titans 20 TM Dow Jones U.K. Titans 50 TM Currencies USD USD, JPY USD USD, AUD USD, BRL USD, CAD, EGP USD, HKD USD, INR USD, JPY USD, KWD USD, MYR USD, MXN USD, PKR USD, SAR USD, SGD USD, ZAR USD, KRW USD, LKR USD, SEK USD, CHF USD, TWD, TRY, GBP S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 49

Index Global Sector Indices: Dow Jones Automobiles & Parts Titans 30 TM Dow Jones Banks Titans 30 TM Dow Jones Basic Resources Titans 30 TM Dow Jones Chemicals Titans 30 TM Dow Jones Construction & Materials Titans 30 TM Dow Jones Financial Services Titans 30 TM Dow Jones Food & Beverage Titans 30 TM Dow Jones Health Care Titans 30 TM Dow Jones Industrial Goods & Services Titans 30 TM Dow Jones Insurance Titans 30 TM Dow Jones Media Titans 30 TM Dow Jones Oil & Gas Titans 30 TM Dow Jones Personal & Household Goods Titans 30 TM Dow Jones Real Estate Titans 30 TM Dow Jones Retail Titans 30 TM Dow Jones Technology Titans 30 TM Dow Jones Telecommunications Titans 30 TM Dow Jones Travel & Leisure Titans 30 TM Dow Jones Utilities Titans 30 TM Emerging Markets Sector Indices: Dow Jones Emerging Markets Sector Titans Composite 100 TM Dow Jones Emerging Asia Consumer Titans 50 TM Dow Jones Emerging Markets Basic Materials Titans 30 TM Dow Jones Emerging Markets Consumer Goods Titans 30 TM Dow Jones Emerging Markets Consumer Services Titans 30 TM Dow Jones Emerging Markets Consumer Titans 30 TM Dow Jones Emerging Markets Financials Titans 30 TM Dow Jones Emerging Markets Health Care Titans 30 TM Dow Jones Emerging Markets Industrials Titans 30 TM Dow Jones Emerging Markets Metals & Mining Titans 30 TM Dow Jones Emerging Markets Oil & Gas Titans 30 TM Dow Jones Emerging Markets Natural Resources Titans 50 TM Dow Jones Emerging Markets Technology Titans 30 TM Dow Jones Emerging Markets Telecommunications Titans 30 TM Dow Jones Emerging Markets Utilities Titans 30 TM Currencies S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 50

Appendix II Base Dates and History Availability Base Dates and History Availability Index history availability, base dates and base values are shown in the table below. Launch Date First Value Date Base Value Index Base Date Global/Regional Indices: Dow Jones Global Titans 50 TM 07/14/1999 12/31/1991 12/31/1991 100 Dow Jones Africa Titans 50 TM 07/01/2008 12/31/2005 12/31/2005 491.72 Dow Jones Andean Titans 30 TM 02/24/2011 12/30/2005 12/30/2005 1,000 Dow Jones Arabia Titans 50 TM 07/19/2004 12/31/2000 12/31/2000 100 Dow Jones Asian Titans 50 TM 12/05/2000 12/31/1991 12/31/1991 100 Dow Jones Europe Titans 80 TM 06/20/2011 12/31/2002 12/31/2002 1,000 Dow Jones Eurozone Titans 80 TM 06/20/2011 12/31/2002 12/31/2002 1,000 Dow Jones GCC Titans 40 TM 07/01/2008 12/31/2005 12/31/2005 1,000 Dow Jones Latin America Titans 80 TM 02/28/2011 12/30/2005 12/30/2005 1,000 Dow Jones Tiger Titans 50 TM 02/24/2003 12/31/1991 12/31/1991 100 Country Indices: Dow Jones Australia Titans 30 TM 07/25/1999 12/31/1991 12/31/1991 1,127.81 Dow Jones Brazil Titans 20 TM ADR 10/04/2004 12/31/2000 12/31/2000 10,000 Dow Jones Brazil Titans 30 TM 02/24/2011 12/31/2002 12/31/2002 1,000 Dow Jones Canada Titans 60 TM 04/21/2009 12/31/1991 12/31/1998 1,000 Dow Jones Cyprus Titans 10 TM 10/08/2007 12/31/2006 12/31/2006 1,000 Dow Jones EGX Egypt Titans 20 TM 04/12/2006 12/31/2001 12/31/2001 100 Dow Jones France Titans 30 TM 04/12/2002 12/31/1991 12/31/1991 100 Dow Jones Germany Titans 30 TM 04/12/2002 12/31/1991 12/31/1991 100 Dow Jones Hong Kong Titans 30 TM 07/25/1999 12/31/1991 12/31/1991 1,044.36 Dow Jones India Titans 30 TM 08/04/2008 12/30/2005 12/30/2005 100 Dow Jones Italy Titans 30 TM 04/12/2002 12/31/1991 12/31/1991 1,000 Dow Jones Japan Titans 100 TM 07/25/1999 12/31/1991 12/31/1991 28,144.44 Dow Jones Kuwait Titans 30 TM 08/27/2008 12/31/1996 12/31/1996 100 Dow Jones Malaysia Titans 30 TM 04/30/2001 12/31/1991 12/31/1991 100 Dow Jones Mexico Titans 20 TM 04/15/2009 12/31/1998 12/31/1998 100 Dow Jones Netherlands Titans 30 TM 04/12/2002 12/31/1991 12/31/1991 100 Dow Jones SAFE Pakistan Titans 15 TM 02/03/2010 12/31/2005 12/31/2005 1,000 Dow Jones Saudi Titans 30 TM 02/19/2010 12/31/2006 12/31/2006 1,000 Dow Jones Singapore Titans 30 TM 01/31/2001 12/31/1991 12/31/1991 100 Dow Jones South Africa Titans 30 TM 12/31/2002 12/31/1991 12/31/1991 100 Dow Jones South Korea Titans 30 TM 12/31/2002 12/31/1991 12/31/1991 100 Dow Jones Spain Titans 30 TM 04/12/2002 12/31/1991 12/31/1991 100 S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 51

Index Launch Date First Value Date Base Date Dow Jones Sri Lanka Titans 20 TM 01/03/2007 12/31/2004 12/31/2004 100 Dow Jones Sweden Titans 30 TM 04/12/2002 12/31/1991 12/31/1991 100 Dow Jones Switzerland Titans 30 TM 04/12/2002 12/31/1991 12/31/1991 100 Dow Jones Taiwan Titans 30 TM 04/30/2001 12/31/1991 12/31/1991 100 Dow Jones Turkey Titans 20 TM 07/19/2004 12/31/2002 12/31/2002 100 Dow Jones U.K. Titans 50 TM 06/05/2001 12/31/1991 12/31/1991 100 Global Sector Indices: Dow Jones Automobiles & Parts Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Banks Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Basic Resources Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Chemicals Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Construction & Materials Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Financial Services Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Food & Beverage Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Health Care Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Industrial Goods & Services Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Insurance Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Media Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Oil & Gas Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Personal & Household Goods Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Real Estate Titans 30 TM 06/23/2008 06/23/2008 06/23/2008 100 Dow Jones Retail Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Technology Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Telecommunications Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Travel & Leisure Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Dow Jones Utilities Titans 30 TM 02/12/2001 12/31/1991 12/31/1991 100 Emerging Markets Sector Indices: Dow Jones Emerging Markets Sector Titans Composite 100 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Asia Consumer Titans 50 TM 08/26/2013 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Basic Materials Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Consumer Goods Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Consumer Services Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Consumer Titans 30 TM 01/08/2010 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Financials Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Health Care Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Industrials Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Metals & Mining Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Base Value S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 52

Launch Date First Value Date Index Base Date Dow Jones Emerging Markets Natural Resources Titans 50 TM 04/12/2013 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Oil & Gas Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Technology Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Telecommunications Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Dow Jones Emerging Markets Utilities Titans 30 TM 03/30/2009 12/30/2005 12/30/2005 1,000 Base Value S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 53

Appendix III - Tickers Bloomberg Global/Regional Indices: Bloomberg Index Return Type USD EUR Dow Jones Global Titans 50 TM Price Return DJGT DJGTE Total Return DJGTT DJGTET Dow Jones Africa Titans 50 TM Price Return DJAFK -- Total Return DJAFKT -- Dow Jones Andean Titans 30 TM Price Return DJAN30 DJAN30E Total Return DJAN30T DJAN30ET Dow Jones Arabia Titans 50 TM Price Return DJARB50 -- Dow Jones Asian Titans 50 TM Price Return DJAT -- Total Return DJATT -- Dow Jones Europe Titans 80 TM Price Return DJEU80D DJEU80 Total Return DJEU80DT DJEU80T Dow Jones Eurozone Titans 80 TM Price Return DJEUZ80D DJEUZ80 Total Return DJEUZ80R DJEUZ80T Dow Jones GCC Titans 40 TM Price Return DJMES DJMESE Total Return DJMEST DJMESET Dow Jones Latin America Titans 80 TM Price Return Total Return DJLA80 DJLA80T DJLA80E DJLA80ET Dow Jones Tiger Titans 50 TM Price Return DJTGR -- Total Return DJTGRT -- Country Indices: Bloomberg Index Return Type USD EUR LCL Dow Jones Australia Titans 30 TM Price Return -- -- XLAUS Total Return -- -- XLAUST Dow Jones Brazil Titans 20 TM ADR Price Return BR20 -- -- Total Return BR20T -- -- Dow Jones Brazil Titans 30 TM Price Return DJBR30D DJBR30E DJBR30 Total Return DJBR30DT DJBR30ET DJBR30T Dow Jones Canada Titans 60 TM Price Return DJCA60D -- DJCA60 Total Return DJCA60T -- DJCA60R Dow Jones Cyprus Titans 10 TM Price Return -- DJCY10 -- Total Return -- DJCY10R -- Dow Jones EGX Egypt Titans 20 TM Price Return DJEG20D DJEG20E DJEG20 Total Return DJEG20DT DJEG20ET DJEG20T Dow Jones France Titans 30 TM Price Return FR30D FR30 -- Total Return FR30DT DJFR30TR -- S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 54

Country Indices (continued): Bloomberg Index Return Type USD EUR LCL Dow Jones Germany Titans 30 TM Price Return DE30D DE30 -- Total Return DE30DT DJDE30TR -- Dow Jones Hong Kong Titans 30 TM Price Return -- -- XLHK Total Return -- -- XLHKT Dow Jones India Titans 30 TM Price Return DJIMIND -- DJIMIN Total Return DJIMINDT -- DJIMINT Dow Jones Italy Titans 30 TM Price Return IT30D IT30 -- Total Return IT30DT IT30ET -- Dow Jones Japan Titans 100 TM Price Return -- -- XLJPN Total Return -- -- XLJPNTR Dow Jones Kuwait Titans 30 TM Price Return DJKW30D -- DJKW30 Total Return DJKW30T -- DJKW30R Dow Jones Mexico Titans 20 TM Price Return DJMX20D DJMX20E DJMX20 Total Return DJMX20T DJMX20ET DJMX20R Dow Jones Netherlands Titans 30 TM Price Return NL30D NL30 -- Total Return NL30DT NL30T -- Dow Jones SAFE Pakistan Titans 15 TM Price Return Total Return -- -- -- -- DJSFPKT DJSFPKTR Dow Jones Saudi Titans 30 TM Price Return -- -- DJSA30 Total Return -- -- DJSA30R Dow Jones South Africa Titans 30 TM Price Return ZA30D -- ZA30R Total Return ZA30DT -- ZA30T Dow Jones South Korea Titans 30 TM Total Return KR30T -- -- Dow Jones Spain Titans 30 TM Price Return ES30D ES30 -- Total Return ES30DT ES30T -- Dow Jones Sri Lanka Titans 20 TM Price Return -- -- DJSL20 Dow Jones Sweden Titans 30 TM Price Return SE30D -- SE30 Total Return SE30DT -- SE30T Dow Jones Switzerland Titans 30 TM Price Return CH30D -- CH30 Total Return CH30DT -- DJCH30TR Dow Jones Turkey Titans 20 TM Price Return TR20D TR20E TR20I Total Return TR20DT TR20ET TR20T Dow Jones U.K. Titans 50 TM Price Return UK50D UK50E UK50 Total Return UK50DT UK50ET DJUK50TR Global Sector Indices: Bloomberg Index Return Type USD EUR Dow Jones Automobiles & Parts Titans 30 TM Price Return DJTATO DJTATOE Dow Jones Banks Titans 30 TM Price Return DJTBAK DJTBAKE Dow Jones Basic Resources Titans 30 TM Price Return DJTBAS DJTBASE Dow Jones Chemicals Titans 30 TM Price Return DJACHE DJTCHEE Dow Jones Construction & Materials Titans 30 TM Price Return DJTCNS DJTCNSE Dow Jones Financial Services Titans 30 TM Price Return DJTFVS DJTFVSE Dow Jones Food & Beverage Titans 30 TM Price Return DJTFOB DJTFOBE Dow Jones Health Care Titans 30 TM Price Return DJTHCA DJTHCAE Dow Jones Industrial Goods & Services Titans 30 TM Price Return DJTIGS DJTIGSE Dow Jones Insurance Titans 30 TM Price Return DJTINN DJTINNE Dow Jones Media Titans 30 TM Price Return DJTMDI DJTMDIE Dow Jones Oil & Gas Titans 30 TM Price Return DJTENG DJTENGE Dow Jones Personal & Household Goods Titans 30 TM Price Return DJTNCG DJTNCGE S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 55

Global Sector Indices (continued): Bloomberg Index Return Type USD EUR Dow Jones Real Estate Titans 30 TM Price Return DJTREA DJTREAE Total Return DJTREAT DJTREAR Dow Jones Retail Titans 30 TM Price Return DJTRET DJTRETE Dow Jones Technology Titans 30 TM Price Return DJTTHE DJTTHEE Dow Jones Telecommunications Titans 30 TM Price Return DJTTEL DJTTELE Dow Jones Travel & Leisure Titans 30 TM Price Return DJTCGS DJTCGSE Dow Jones Utilities Titans 30 TM Price Return DJTUTS DJTUTSE Emerging Markets Sector Indices: Index Return Type Bloomberg USD Dow Jones Emerging Markets Sector Titans Composite 100 TM Price Return DJEEG Total Return DJEEGT Dow Jones Emerging Asia Consumer Titans 50 TM Price Return DJACON Total Return DJACONT Dow Jones Emerging Markets Basic Materials Titans 30 TM Price Return DJEBM Total Return DJEBMT Dow Jones Emerging Markets Consumer Goods Titans 30 TM Price Return DJECG Total Return DJECGT Dow Jones Emerging Markets Consumer Services Titans 30 TM Price Return DJECN Total Return DJECNT Dow Jones Emerging Markets Consumer Titans 30 TM Price Return DJECON Total Return DJECONT Dow Jones Emerging Markets Financials Titans 30 TM Price Return DJEFN Total Return DJEFNT Dow Jones Emerging Markets Health Care Titans 30 TM Price Return DJEHK Total Return DJEHKT Dow Jones Emerging Markets Industrials Titans 30 TM Price Return DJEID Total Return DJEIDT Dow Jones Emerging Markets Metals & Mining Titans 30 TM Price Return DJEMT Total Return DJEMTT Dow Jones Emerging Markets Oil & Gas Titans 30 TM Price Return DJEEO Total Return DJEEOT Dow Jones Emerging Markets Technology Titans 30 TM Price Return DJETX Total Return DJETXT Dow Jones Emerging Markets Telecommunications Titans 30 TM Price Return DJETS Total Return DJETST Dow Jones Emerging Markets Utilities Titans 30 TM Price Return DJEUT Total Return DJEUTT S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 56

Reuters Global/Regional Indices: Reuters Index Return Type USD EUR Dow Jones Global Titans 50 TM Price Return.DJGT.DJGTE Total Return.DJGTT.DJGTET Dow Jones Africa Titans 50 TM Price Return.DJAFK -- Total Return.DJAFKT -- Dow Jones Andean Titans 30 TM Price Return.DJAN30.DJAN30E Total Return.DJAN30T.DJAN30ET Dow Jones Arabia Titans 50 TM Price Return.DJARB50 -- Dow Jones Asian Titans 50 TM Price Return.DJAT -- Total Return.DJATT -- Dow Jones Europe Titans 80 TM Price Return.DJEU80D.DJEU80 Total Return.DJEU80DT.DJEU80T Dow Jones Eurozone Titans 80 TM Price Return.DJEUZ80D.DJEUZ80 Total Return.DJEUZ80R.DJEUZ80T Dow Jones GCC Titans 40 TM Price Return.DJMES -- Total Return.DJMEST -- Dow Jones Latin America Titans 80 TM Price Return Total Return.DJLA80.DJLA80T.DJLA80E.DJLA80ET Dow Jones Tiger Titans 50 TM Price Return.DJTGR -- Total Return.DJTGRT -- Country Indices: Reuters Index Return Type USD EUR LCL Dow Jones Australia Titans 30 TM Price Return -- --.XLAUS Total Return -- --.XLAUST Dow Jones Brazil Titans 20 TM Price Return.BR20 -- -- ADR Total Return.BR20T -- -- Dow Jones Brazil Titans 30 TM Price Return.DJBR30D.DJBR30E.DJBR30 Total Return.DJBR30DT.DJBR30ET.DJBR30T Dow Jones Canada Titans 60 TM Price Return.DJCA60D --.DJCA60 Total Return.DJCA60T --.DJCA60R Dow Jones Cyprus Titans 10 TM Price Return --.DJCY10 -- Total Return --.DJCY10R -- Dow Jones EGX Egypt Titans Price Return.DJEG20D.DJEG20E.DJEG20 20 TM Total Return.DJEG20DT.DJEG20ET.DJEG20T Dow Jones France Titans 30 TM Price Return.FR30D.FR30 -- Total Return.FR30DT.FR30TR -- Dow Jones Germany Titans 30 TM Price Return.DE30D.DE30 -- Total Return.DE30DT.DE30TR -- Dow Jones Hong Kong Titans Price Return -- --.XLHK 30 TM Total Return -- --.XLHKT Dow Jones India Titans 30 TM Price Return.DJIMIND --.DJIMIN Total Return.DJIMINDT --.DJIMINT Dow Jones Italy Titans 30 TM Price Return.IT30D.IT30 -- Total Return.IT30DT.IT30ET -- Dow Jones Japan Titans 100 TM Price Return -- --.XLJPN Total Return -- --.XLJPNTR S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 57

Country Indices (continued): Reuters Index Return Type USD EUR LCL Dow Jones Kuwait Titans 30 TM Price Return.DJKW30D --.DJKW30 Total Return.DJKW30T --.DJKW30R Dow Jones Mexico Titans 20 TM Price Return.DJMX20D.DJMX20E.DJMX20 Total Return.DJMX20T.DJMX20ET.DJMX20R Dow Jones Netherlands Titans Price Return.NL30D.NL30 -- 30 TM Total Return.NL30DT.NL30T -- Dow Jones SAFE Pakistan Titans 15 TM Price Return Total Return -- -- -- --.DJSFPKT.DJSFPKTR Dow Jones Saudi Titans 30 TM Price Return -- --.DJSA30 Total Return -- --.DJSA30R Dow Jones South Africa Titans Price Return.ZA30D --.ZA30 30 TM Total Return.ZA30DT --.ZA30T Dow Jones South Korea Titans Total Return.KR30T -- -- 30 TM Dow Jones Spain Titans 30 TM Price Return.ES30D.ES30 -- Total Return.ES30DT.ES30T -- Dow Jones Sri Lanka Titans Price Return -- --.DJSL20 20 TM Dow Jones Sweden Titans 30 TM Price Return.SE30D --.SE30 Total Return.SE30DT --.SE30T Dow Jones Switzerland Titans Price Return.CH30D --.CH30 30 TM Total Return.CH30DT --.CH30TR Dow Jones Turkey Titans 20 TM Price Return.TR20D.TR20E.TR20 Total Return.TR20DT.TR20ET.TR20T Dow Jones U.K. Titans 50 TM Price Return.UK50D.UK50E.UK50 Total Return.UK50DT.UK50ET.UK50TR Global Sector Indices: Reuters Index Return Type USD EUR Dow Jones Automobiles & Parts Titans 30 TM Price Return.DJTATO.DJTATOE Dow Jones Banks Titans 30 TM Price Return.DJTBAK.DJTBAKE Dow Jones Basic Resources Titans 30 TM Price Return.DJTBAS.DJTBASE Dow Jones Chemicals Titans 30 TM Price Return.DJACHE.DJTCHEE Dow Jones Construction & Materials Titans 30 TM Price Return.DJTCNS.DJTCNSE Dow Jones Financial Services Titans 30 TM Price Return.DJTFVS.DJTFVSE Dow Jones Food & Beverage Titans 30 TM Price Return.DJTFOB.DJTFOBE Dow Jones Health Care Titans 30 TM Price Return.DJTHCA.DJTHCAE Dow Jones Industrial Goods & Services Titans 30 TM Price Return.DJTIGS.DJTIGSE Dow Jones Insurance Titans 30 TM Price Return.DJTINN.DJTINNE Dow Jones Media Titans 30 TM Price Return.DJTMDI.DJTMDIE Dow Jones Oil & Gas Titans 30 TM Price Return.DJTENG.DJTENGE Dow Jones Personal & Household Goods Titans 30 TM Price Return.DJTNCG.DJTNCGE Dow Jones Real Estate Titans 30 TM Price Return.DJTREA.DJTREAE Total Return.DJTREAT.DJTREAR Dow Jones Retail Titans 30 TM Price Return.DJTRET.DJTRETE Dow Jones Technology Titans 30 TM Price Return.DJTTHE.DJTTHEE Dow Jones Telecommunications Titans 30 TM Price Return.DJTTEL.DJTTELE Dow Jones Travel & Leisure Titans 30 TM Price Return.DJTCGS.DJTCGSE Dow Jones Utilities Titans 30 TM Price Return.DJTUTS.DJTUTSE S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 58

Emerging Markets Sector Indices: Index Return Type Reuters USD Dow Jones Emerging Markets Sector Titans Composite 100 TM Price Return.DJEEG Total Return.DJEEGT Dow Jones Emerging Asia Consumer Titans 50 TM Price Return.DJACON Total Return.DJACONT Dow Jones Emerging Markets Basic Materials Titans 30 TM Price Return.DJEBM Total Return.DJEBMT Dow Jones Emerging Markets Consumer Goods Titans 30 TM Price Return.DJECG Total Return.DJECGT Dow Jones Emerging Markets Consumer Services Titans 30 TM Price Return.DJECN Total Return.DJECNT Dow Jones Emerging Markets Consumer Titans 30 TM Price Return.DJECON Total Return.DJECONT Dow Jones Emerging Markets Financials Titans 30 TM Price Return.DJEFN Total Return.DJEFNT Dow Jones Emerging Markets Health Care Titans 30 TM Price Return.DJEHK Total Return.DJEHKT Dow Jones Emerging Markets Industrials Titans 30 TM Price Return.DJEID Total Return.DJEIDT Dow Jones Emerging Markets Metals & Mining Titans 30 TM Price Return.DJEMT Total Return.DJEMTT Dow Jones Emerging Markets Oil & Gas Titans 30 TM Price Return.DJEEO Total Return.DJEEOT Dow Jones Emerging Markets Technology Titans 30 TM Price Return.DJETX Total Return.DJETXT Dow Jones Emerging Markets Telecommunications Titans 30 TM Price Return.DJETS Total Return.DJETST Dow Jones Emerging Markets Utilities Titans 30 TM Price Return.DJEUT Total Return.DJEUTT S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 59

S&P Dow Jones Indices Contact Information Index Management David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee david.blitzer@spdji.com +1.212.438.3907 Jia Guo Index Manager, Asia/Pacific Indices jia.guo@spdji.com +86.10.5737.2631 Sebastien Chenhalls-Walker Index Manager, Europe (EMEA) Indices sebastien.chenhalls-walker@spdji.com +44.20.7176.3048 Ines Lagha Index Manager, Europe (EMEA) Indices ines.lagha@spdji.com +44.20.7176.3047 Stephen Banks Index Manager, Latin America Indices stephen.banks@spdji.com +1.212.438.3526 Daniel Perrone Senior Index Manager, Global and Global Sector Indices daniel.perrone@spdji.com +1.212.438.7134 Chris O Neill Index Manager, Emerging Markets Sector Indices chris.oneill@spdji.com +1.609.520.7195 Thanh Hung Quan Index Manager, Canada Indices thanh.hung.quan@spdji.com +1.416.507.3206 Product Management Michael Orzano Associate Director michael.orzano@spdji.com +1.212.438.4732 Media Relations David Guarino Communications dave.guarino@spdji.com +1.212.438.1471 S&P Dow Jones Indices: Dow Jones Titans Indices Methodology 60

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