Announcement for November 21, 2023 at 02:20 AM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

TREATMENT OF MSCI CLIMATE PARIS ALIGNED INDEXES AT THE NOVEMBER 2023 INDEX REVIEW

As announced previously, MSCI will implement the following changes in the MSCI Climate Paris Aligned Indexes methodology from the November 2023 Index Review:
- Exclusion of companies involved in Nuclear Weapons and Civilian Firearms
- Replacement of MSCI ESG Research Climate Value-at-Risk (VaR) metrics that are planned for deprecation with new Climate VaR metrics.

In the context of the methodology transition and to ensure rebalancing feasibility, the threshold for the optimization constraint on Aggregate Climate VaR will exceptionally be set at -10% (from -5%) for the following indexes in the Emerging Markets and Asia Pacific regions. This change only applies at the November 2023 Index Review for the following Indexes:
- MSCI EM Climate Paris Aligned Index
- MSCI AC Asia Pacific ex Japan Climate Paris Aligned Index
- MSCI AC Asia ex Japan Climate Paris Aligned Index
- MSCI Japan Climate Paris Aligned Index
- MSCI China Climate Paris Aligned Index
- MSCI China A Climate Paris Aligned Index

MSCI will make available the updated MSCI Climate Paris Aligned Indexes methodology book in the coming days and will send a further announcement accordingly.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.