Announcement for October 10, 2025 at 08:34 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

EXTENSION OF THE CONSULTATION ON DIGITAL ASSET TREASURY COMPANIES

MSCI announced today an extension of its ongoing consultation with the investment community on the appropriate treatment of companies whose primary business involves Bitcoin or other digital asset treasury activities - including cases where capital-raising activities are primarily used to fund digital asset accumulation - within the MSCI Global Investable Market Indexes.

As part of the consultation so far, some market participants noted that such companies may exhibit characteristics similar to investment funds, which are currently not eligible for index inclusion. Accordingly, MSCI proposes to exclude from the MSCI Global Investable Market Indexes companies whose digital asset holdings represent 50% or more of their total assets.

MSCI welcomes feedback from market participants on the eligibility of such companies and the proposed 50% asset-based threshold. MSCI also invites input on whether additional parameters should be considered - for example, whether a company defines itself as a digital asset treasury company or has raised capital primarily to accumulate digital assets, in addition to the asset-based criterion.

The consultation will remain open until December 31, 2025, and the final conclusions will be announced by January 15, 2026. MSCI proposes that any resulting changes would be implemented as part of the February 2026 Index Review.

Based on an initial analysis of available data sources, MSCI is sharing a preliminary list of potentially impacted securities meeting the proposed criteria within the MSCI All Cap Index universe. MSCI will continue to review data sources and refine the impact assessment if warranted.

MSCI will continue to not implement increases to the Number of Shares (NOS), Foreign Inclusion Factor (FIF), or Domestic Inclusion Factor (DIF) for METAPLANET and CAPITAL B, and will defer the implementation of any size-segment migrations for these securities as part of the November 2025 Index Review. Such treatment will also apply to other index constituents included in the preliminary list of impacted securities.

Non-index constituents included on the impacted list will not be considered for inclusion in the MSCI All Cap Index as part of the November 2025 Index Review.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.