LS Lakeside Steel Inc.

TORONTO, March 27, 2012 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices: On March 26, 2012, the shareholders of Lakeside Steel Inc. (TSXVN:LS) approved the Plan of Arrangement whereby the company will be acquired by JMC Steel Group, Inc. for $C0.2983 cash per share. Lakeside Steel will be removed from the S&P/TSX Venture Composite Index effective after the close on Tuesday, March 27, 2012. Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company. About S&P Indices S&P Indices, a leading brand of the McGraw-Hill Companies , maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices. It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties. Standard & Poor's Canadian Index Operations CONTACT: Tony North(416) 507-3204sp_index@standardandpoors.comDave Guarino1 212 438 1471Dave_guarino@standardandpoors.com

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