S&P Indices Announces Change to U.S. Index

Nov 14, 2011, 18:32 ET from Standard & Poor's

NEW YORK, Nov. 14, 2011 /PRNewswire/ -- Marriott Vacations Worldwide Corp. (NYSE: VACwi) will replace LoJack Corp. (NASD:LOJN) in the S&P SmallCap 600 index after the close of trading on Monday, November 21. S&P 500 constituent Marriott International Inc. (NYSE: MAR) is spinning off Marriott Vacations Worldwide in a transaction expected to be completed on or about that date pending final approvals. Marriott International will remain in the S&P 500 index. LoJack's market capitalization is below $55 million, and is no longer representative of the small cap market space.

S&P Indices will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.

Marriott Vacations Worldwide engages in the development, marketing, sale, and management of vacation ownership resorts and vacation club, and destination club and exchange programs. Headquartered in Orlando, FL, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Hotels Resorts & Cruise Lines Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX – November 21, 2011

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Marriott Vacations Worldwide

Consumer Discretionary

Hotels Resorts & Cruise Lines

DELETED

LoJack

Information Technology

Electronic Equipment & Instruments

For more information about S&P Indices, please visit www.standardandpoors.com/indices.

About S&P Indices S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.

For more information contact: David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee (212) 438-3907

SOURCE Standard & Poor's



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