Cohen & Steers Announces Change in Global Realty Majors Portfolio Index

NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc. (NYSE: CNS) announced three pending changes to its Global Realty Majors Portfolio Index (GRM) today.

The changes follow the announcement that Archstone-Smith Trust, a leading developer, owner and operator of apartment communities in the United States, is expected to be acquired by an entity jointly controlled by affiliates of Tishman Speyer Real Estate Venture VII, L.P. and Lehman Brothers Holdings Inc. on October 5, 2007. Once the acquisition is complete, Archstone-Smith will be deleted from the index. Essex Property Trust, Inc., a real estate investment trust (REIT) that acquires, develops, redevelops and manages multifamily residential properties in the western United States, will be added to the index on the same date.

Also effective October 5, 2007, CFS Retail Property Trust (CFX.AU), an owner, manager and developer of retail properties throughout Australia, and Aeon Mall Co., Ltd. (8905 JP), a developer and manager of shopping centers in Japan, will be added to the index, and Centro Properties Group (CNP.AU) and Beni Stabili SpA will be deleted from the index.

    Component change:    Deletion
    Index Name:          Cohen & Steers Global Realty Majors Portfolio Index
    Index Symbol:        GRM
    Calculation method:  Modified Capitalization Weighted Index

    Component symbol:    ASN
    Component name:      Archstone-Smith Trust

    Component symbol:    CFX.AU
    Component name:      CFS Retail Property Trust

    Component symbol:    BNS.IM
    Component name:      Beni Stabili SpA

The Global Realty Majors Portfolio Index is a free-float, market-cap- weighted total return index of selected real estate equity securities. It is quoted intraday on a real-time basis by the Chicago Mercantile Exchange under the symbol GRM. The index's modified market capitalization approach and qualitative screening process emphasize companies that the Cohen & Steers Index Committee believes are leading the securitization of real estate globally.

GRM can be used as an indexing benchmark, stock selection universe, underlying index for derivative instruments or performance benchmark. All index weightings are independently calculated by Standard & Poor's.