SUNIDX Quarterly Reviews and Changes

MAC Solar Index September 2009 Quarterly Review Changes

September 21, 2009 – MAC Indexing, LLC, as part of the regular quarterly index review, announces that the following changes were made in the MAC Global Solar Energy Index (ticker: SUNIDX) as of the close of business on Friday, September 18: Solar Millennium AG (Bloomberg ticker: S2M GR) was added to the index with an Exposure Factor of a pure play 1.0.

Solar Millenium AG, based in Erlangen, Germany, focuses on the construction of solar thermal power plants. The company has approximately 200 employees and management is expecting sales of approximately 150 million euros and EBIT of 30 million euros in fiscal 2008/09. The company's web site is at http://www.solarmillennium.de.

MAC Solar Index June 2009 Quarterly Review Changes

June 22, 2009 – MAC Indexing, LLC announced that the following changes were made in the MAC Global Solar Energy Index effective prior to the opening of trading on June 22, 2009.

Three stocks were added to the index, each with a pure-play exposure factor of 1.0: Solargiga Energy Holdings (Bloomberg ticker: 757 HK), PV Crystalox Solar PLC (PVCS LN), and Phoenix Solar AG (PS4 GR). No stocks were removed from the index.

MAC Solar Index March 2009 Quarterly Review Changes

March 23, 2009 – MAC Indexing, LLC announced that the following changes were made in the MAC Global Solar Energy Index effective prior to the opening of trading on March 23, 2009.

1. EMCORE Corporation (Nasdaq: EMKR) was removed from the Index due to low market capitalization and trading value.
2. SMA Solar Technology AG (Deutsche Borse: S92) was added to the Index with a pure-play exposure factor of 1.0. SMA Solar Technology, based in Germany, is the world’s largest producer of solar power inverters. The company conducted its IPO in June 2008. Solar power inverters, which are required by every solar power system, take the direct current (DC) electricity generated by solar panels and convert it into alternating current (AC) electricity that can be used in homes or businesses or supplied into the electrical grid. SMA has about 2,400 employees. SMA’s reported that sales doubled in 2008 to 680 million euros from 327 million euros in 2007. SMA reported a consolidated net profit of 92.0 million euros in the first three quarters of 2008, up from 23.4 million euros in the same period in the previous period. The company believes that it has sufficient cash to fund its growth and that it has no refinancing needs. The company sold 2.2 gigawatts of inverters in 2008, up from 950 megawatts in 2007. The company is building a new inverter factory with production capacity of up to 4 gigawatts. The company web sites can be found at www.sma.de and at www.sma-america.com.
3. GT Solar International, Inc (Nasdaq: SOLR) was added to the Index with a pure-play exposure factor of 1.0. GT Solar International is a supplier of solar factory production equipment, including reactors, converters, furnaces, and turnkey solar cell and module production lines. GT Solar, founded in 1994, conducted an IPO in July 2008. The company reported revenue in fiscal-year 2008 (ending March 31, 2008) of $244 million, which was 4.1 times larger than FY-2007 sales of $60 million. The company has provided guidance for FY-2009 revenue of a midpoint of $558 million, which would be 2.3 times higher than the previous year. The company reported net income in the latest quarter (3 months ended December 27, 2008) of $43.1 million and net income in the 9 months through December 27, 2008 of $76.2 million. The company reports that it has a strong balance sheet with a good cash position and no debt. The company reported an order backlog of $1.33 billion as of December 27, 2008. The company’s web site can be found at www.gtsolar.com.

MAC Solar Index December 2008 Quarterly Review Produces No Constituent Changes

December 22, 2008 – MAC Indexing, LLC announced on December 22, 2008, that there were no changes to the stock constituent list for the MAC Solar Index during the quarterly review completed as of the close of business on December 19, 2008. There were no stocks added or deleted from the constituent list and there were no changes in the Exposure Factors for any of the constituent stocks.

MAC Global Solar Energy Index - September 2008 Quarterly Index
Review Changes

September 22, 2008 – MAC Indexing, LLC announced on September 22, 2008, the following changes to the MAC Global Solar Energy Index that became effective as of the close of business on September 19, 2008, as a result of the regular quarterly review process.

1. ReneSola Ltd (ADS) (ticker: NYSE: SOL) was added to the index with a pure-play exposure factor of 1.0 due to the stock completing six months of trading history after its IPO and also meeting market cap and monthly trading value requirements.
2. Ersol Solar Energy AG (ticker: ES6 GR) was removed from the index due the recent tender offer by Robert Bosch GmbH, which reduced the monthly trading value to minimal levels.
3. The exposure factor for Manz Automation (ticker: M5Z GR) was raised from 0.5 to 1.0 due the fact that the percentage of the company's sales from solar energy rose above the two-thirds threshold, according to the company's 2007 annual report.