Announcement for December 03, 2018 at 10:01 PM GMT

Global Industry Classification Standard (GICS) Changes*

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

The following Industry changes will take place as of the close of
December 31, 2018.



SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

TAIWAN                   1
USA                      1


TAIWAN

FUBON FINANCIAL HOLDING
CURRENT GICS SUB-INDUSTRY 40201020 Other Diversified Financial Services
NEW GICS SUB-INDUSTRY     40301020 Life & Health Insurance


USA

PALO ALTO NETWORKS
CURRENT GICS SUB-INDUSTRY 45201020 Communications Equipment
NEW GICS SUB-INDUSTRY     45103020 Systems Software



* Twice a month, MSCI announces changes in
Global Industry Classification Standard (GICS) at industry level.
For every change, the whole Sub-Industry code is provided.
Changes at Sub-Industry level only are not announced.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.