This file is indexed.

/usr/bin/ps2frag is in texlive-binaries 2009-11ubuntu2.

This file is owned by root:root, with mode 0o755.

The actual contents of the file can be viewed below.

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#!/bin/sh

tty -s && {
  echo
  echo "Warning: the ps2frag script is not needed with this version of psfrag."
  echo "Please read the manpage ps2frag(1) and the documentation of the"
  echo "psfrag package."
  echo
} >&2

exit 0