STANDARD ANNOUNCEMENTS - July 24, 2019 at 08:17 PM GMT 
Announcement for July 24, 2019 at 08:17 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

MSCI WILL CHANGE THE AUGUST 2019 QUARTERLY INDEX REVIEW DATES

RE: Announcement dated July 16, 2019

MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and
analytics, announced today that it will change key dates for the August 2019
Quarterly Index Review (QIR) to facilitate the second step of the inclusion of
the MSCI Saudi Arabia Indexes to the MSCI Emerging Markets Indexes.

Specifically, the results of the August 2019 QIR will be implemented as of the
close of August 27, 2019, effective August 28, 2019 (amended from August 29,
2019). MSCI will announce the results of the August 2019 QIR on August 7, 2019
(amended from August 8, 2019).

The changes in the Index Review dates are consistent with the first step of the
inclusion that was implemented as part of the May 2019 Semi-Annual Index Review
(SAIR) and reflects feedback from market participants indicating potential
implementation concerns considering Friday market closure in the Saudi Arabian
equity market.

MSCI Factor, Capped, Thematic and ESG Indexes (Derived Indexes), as well as
custom indexes which rebalance coinciding with the Quarterly Index Review, would
follow the above change in the effective date, with the usual advance
notification period.

Please note that MSCI would still calculate the MSCI Hedged, MSCI Adaptive
Hedged, MSCI FX Hedge and MSCI Global Currency Indexes, based on the WM/Reuters
forward rates, using the regular month-end rebalancing cycle on August 30, 2019.

FOR ANY INQUIRY, PLEASE DO NOT REPLY TO THIS EMAIL BUT EMAIL
clientservice@msci.com OR CONTACT:

MSCI Global Client Service:
Americas Client Service: 1.888.588.4567 (toll free)/+ 1.212.804.3901 EMEA Client
Service: + 44.20.7618.2222 Asia Pacific Client Service: + 852.2844.9333

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.