Announcement for December 30, 2020 at 09:44 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

FINAL LIST OF SECURITIES TO BE DELETED FROM THE MSCI ACWI INDEXES FOLLOWING U.S. EXECUTIVE ORDER 13959

As a follow up to MSCI's communication on December 15, 2020, MSCI confirms the deletion of the list of securities referenced below from the MSCI ACWI Indexes and from relevant non-market capitalization weighted indexes and custom indexes as of the close of business of January 5, 2021. These securities will be deleted using the relevant closing market price of the securities on that day.

The list of securities communicated on December 15, 2020 included securities issued by the Chinese companies that were explicitly named in the U.S. Executive Order 13959 dated November 12, 2020 (the "Order"). This has been updated to reflect certain clarifications published by the Office of Foreign Assets Control (OFAC) on December 28, 2020. The eleven securities that will be deleted represent 0.03% of the MSCI ACWI IMI and 0.26% of the MSCI EM IMI (based on data as of December 29, 2020).

List of securities (new security marked with *):
Security Name - (MSCI Security Code/RIC Code)
*   CHINA COMMU CON A (HK-C) - (35946.04/601800.SH)
*   CHINA COMMUNIC CONST H - (35946.01/1800.HK)
*   CHINA RAIL CONST A(HK-C) - (60088.03/601186.SH)
*   CHINA RAILWAY CONST H - (60088.02/1186.HK)
*   CHINA SPACESAT A (HK-C) - (36812.02/600118.SH)
*   CHINA UTD NETWK A (HK-C)* (28348.02/600050.SH)
*   CRRC CORP A (HK-C) - (61687.03/601766.SH)
*   CRRC CORP H - (61687.02/1766.HK)
*   DAWNING INFO A (HK-C) - (77520.02/603019.SH)
*   HANGZHOU HIKVIS A (HK-C) - (64314.02/002415.ZK)
*   SMIC - (29098.01/0981.HK)

Any further updates or modifications to the above referenced list of securities, made through a communication released by the OFAC will be considered and evaluated. MSCI would issue a separate announcement detailing the treatment related to these updates.

As a reminder, upon request by clients subscribing to impacted standard and custom indexes, MSCI will make available MSCI J-Series indexes that will retain the securities deleted from the MSCI Global Investable Markets Indexes (GIMI). More information can be found in MSCI's announcement sent on December 28, 2020. The MSCI GIMI methodology book has been updated to include the methodology for the MSCI J-Series indexes as well as the treatment of these investment sanctions in the MSCI GIMI, and is available at: https://www.msci.com/index-methodology. MSCI has also updated the list of impacted standard indexes, available on: https://www.msci.com/index-consultations, to reflect the latest changes.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.