Announcement for March 26, 2021 at 09:16 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

CONCLUSION FROM THE CONSULTATION ON THE POTENTIAL REPLACEMENT RATES FOR LIBOR AND EONIA IN THE MSCI INDEXES

MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and analytics, announced today the conclusions from its recent consultation with the investment community on the potential replacement rates for London Inter-bank Offered Rate (LIBOR) and Euro OverNight Index Average (EONIA) in the MSCI Indexes. Following feedback from market participants, MSCI will proceed with the replacing LIBOR and EONIA with the replacement rates as outlined in the consultation document available at: https://www.msci.com/index-consultations. The changes will be implemented starting the August 2021 Quarterly Index Review (QIR).

All custom Indexes using LIBOR or EONIA will take the same treatment as outlined above.

The list of impacted standard indexes using LIBOR and EONIA directly in index calculation and / or rebalancing as well as the indexes using Risk Model data, where LIBOR is used as an input, are available at: https://www.msci.com/index-consultations.

As market participants broadly acknowledged the unavailability and lack of consensus about term replacement rates, MSCI will continue to monitor the development of the forward-looking term replacement rates and may consider using other replacement rates if and when such rates are available and adopted by market participants. Any such changes will be preceded by a public consultation.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
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