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Friday 28 July, 2000


Queensborough Holdings

28 July 2000

Queensborough Holdings PLC: Offer by Cloudburst Holdings Limited Wholly
                       Changes in FTSE Indexes

Following the offer for Queensborough Holdings PLC by Cloudburst
Holdings Limited being declared wholly unconditional, FTSE announces
the following changes:

INDEX                     CHANGE                        EFFECTIVE FROM
                                                        START OF TRADING
FTSE All-Small            Queensborough Holdings        31 July 2000
                          (0716761) will be deleted.

FTSE Fledgling            Queensborough Holdings will   31 July 2000
                          be deleted.

Notes for Editors:

Background to FTSE International

FTSE  International  Limited ('FTSE') is one of  the  world's  leading
experts  in  the  creation and management of  equity  indices  and  is
jointly  owned  by the London Stock Exchange and the Financial  Times.
With  offices in London, New York and Paris, FTSE services clients  in
77  countries worldwide.  It manages and develops globally  recognised
indices  ranging from the FTSE All-World Index to the real  time  FTSE
Eurotop  series  and  the  FTSE  100. The  company  has  collaborative
arrangements  with  the  London, Amsterdam, Brussels,  Norex,  Athens,
Luxembourg and Madrid stock exchanges, as well as with Nikkei of Japan
(Nihon Keizai Shimbun, Inc).
FTSE  indexes  are  used  extensively  by  investors  world-wide   for
investment analysis, performance measurement, asset allocation and for
creating  a wide range of index tracking funds. Committees  of  senior
fund   managers,   derivatives  experts,  actuaries  and   experienced
practitioners independently review all changes to the indexes ensuring
that they are accurate, timely and without bias.

For further information please contact Client Services on +44 (0) 20
7448 1810 and US: +(1) 212 771 6595
Or, email your enquiries to [email protected] or visit our website at


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