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Press Releases — March 5, 2024

Two changes each in MDAX, SDAX and TecDAX

(Zug, 6 March 2024) – STOXX Ltd. has announced the new composition of the DAX index family.

DAX, MDAX, SDAX and TecDAX represent the largest companies (by free float market capitalization) listed on the Regulated Market of Frankfurt Stock Exchange, which meet the basic criteria for index inclusion as defined in the DAX rulebook. The indices are reviewed on a quarterly basis. The scheduled March review includes the Regular Exit, Regular Entry, Fast Exit and Fast Entry rules.

The following changes will be made:

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MorphoSys AGRational AG
Bilfinger SEVitesco Technologies Group AG


Vitesco Technologies Group AGBilfinger SE
MLP SEMorphoSys AG


Eckert & Ziegler Strahlen- und Medizintechnik AGVerbio SE

Rational AG will leave the MDAX and is no longer eligible for any selection index because it does not meet one of the basic criteria, according to section 5.4.2 in the rulebook. As defined there, the company does not comply with one recommendation of the German Corporate Governance Codex (C.10) which pertains to the chair of the audit committee.

All additions and deletions will become effective on 18 March 2024.

Furthermore, some changes to the methodology of DAX equity indices will become effective on 18 March, which were announced in March 2023, these relate to changes in the treatment of corporate actions and the index formula; and to an adjustment of the capping in the DAX index family from 10 to 15 per cent, announced in November 2023.

The next scheduled index review of the DAX index family is 5 June 2024.

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STOXX® and DAX® indices comprise a global and comprehensive family of more than 17,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. 

ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders. 

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