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Russell sets 2011 index reconstitution schedule

Global benchmarks, accounting for $3.9 trillion in assets, to be fully realigned

Seattle, WA — February 28, 2011 — Russell Investments has announced the 2011 schedule for its annual index reconstitution process, which will capture and reflect the past year's global shift in equity markets. As part of its transparent process, Russell will post lists of preliminary additions and deletions for the Russell Global Index, U.S. broad-market Russell 3000® Index and Russell Microcap® Index on its website after the U.S. market closes on Friday, June 10. Updated lists, if necessary, will be posted at the same location on June 17 and June 24. Membership changes to Russell's comprehensive family of indexes will take effect as markets close that final Friday of June and remain in place for the ensuing 12-month period.

"Our annual reconstitution process is an essential component of our industry-leading index methodology, which provides investors with the most accurate and efficient benchmarks of the investible equity markets," said Sarah McCarthy, senior product manager for Russell Indexes at Russell Investments. "Russell's transparent process reflects the shifts in capitalizations and relative valuations in the global market performance systematically, ensuring precision of the Russell family of indexes."

2011 Russell Reconstitution Schedule
June 10   Preliminary list of adds and deletes for the Russell 3000, Russell Microcap, and Russell Global Indexes.
June 17 & 24   Preliminary membership updates
June 24   Final adds and deletes
June 27   Final List posted for Russell Global Indexes and leading U.S. benchmarks Russell 1000, Russell 2000, Russell 3000, Russell Midcap and Russell Microcap.

Russell offers a comprehensive worldwide set of equity benchmarks that cover 98% of the investable universe and accounted for $3.9 trillion in benchmarked assets as of Dec. 31, 2009. Membership is determined by objective rules, such as market capitalization rankings. Accurate benchmarks are an integral part of Russell's ongoing process to monitor 8,000 investment manager products worldwide for the firm's $155.4 billion active investment management business.

"Russell continues to reassess and refine rules for company inclusion during the reconstitution process in order to minimize index turnover and reduce the impact of reconstitution, while still reflecting precise market representation," said McCarthy. "Refinements in recent years have included the introduction of capitalization banding, addition of IPOs quarterly and objective determination of country risk. Our thorough, objective process is one of the many reasons why more than 60% of institutional U.S. equity products rely on Russell Indexes as performance benchmarks."

Visitors to Russell.com can find a complete summary of Russell's index methodology, here:
http://www.russell.com/Indexes/data/US_Equity/russell_us_indexes_methodology.asp

In addition, Russell offers a real-time market analysis resource, focusing on seven U.S. market segments:
http://www.russell.com/Indexes/data/market_analysis/real_time_market_analysis.asp.

About Russell

Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. Over the course of its history, Russell's innovations have come to define many of the practices that are standard in the investment world today, and have earned the company a reputation for excellence and leadership.

Through a unique combination of wide-ranging and inter-linked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. The firm has $155.4 billion in assets under management (as of December 31, 2010) in its mutual funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection. Russell offers a comprehensive range of implementation services that helps institutional clients maximize their assets.

Contacts:
Steve Claiborne, 206-505-1858
Mike Gelormino, 212-909-4780

Russell Investment Group, a Washington, USA corporation, operates through subsidiaries worldwide including Russell Investments. Russell Investment Group is a subsidiary of The Northwestern Mutual Life Insurance Company.

Russell Investments is the owner of the trademarks, service marks and copyrights related to its indexes.

Russell's indexes are unmanaged and cannot be invested in directly.

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