Announcement for March 03, 2017 at 09:15 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

UPDATE ON THE TREATMENT OF SNAP (US) IN THE MSCI EQUITY INDEXES

Following additional analysis, the IPO of SNAP (US) did not meet all of the
relevant market capitalization requirements required for early inclusion into
the MSCI USA Index as of the close of its first trading day, March 2, 2017.
Additionally, SNAP (US) did not meet such requirements necessary for early
inclusion into the MSCI USA Index as of the close of its second trading day,
today, March 3, 2017.

Therefore, and in accordance with the MSCI Global Investable Market Indexes
methodology, SNAP (US)'s inclusion into the MSCI USA Index will be re-assessed
as part of the next Semi-Annual Index Review, which occurs in May 2017.

The inclusion or exclusion of SNAP (US) in the MSCI US Equity Indexes, MSCI
Sustainability Indexes, MSCI SRI Indexes and MSCI ESG Universal Indexes remains
the same as announced on March 2, 2017.

As a reminder, MSCI Inc. (NYSE: MSCI), a leading provider of research-based
indexes and analytics, seeks feedback from the investment community on the
following:

1) The continuing eligibility of companies that do not have any listed voting
shares for potential inclusion into the MSCI Global Investable Markets Indexes
and MSCI US Equity Indexes.

2) The continuing eligibility of companies that do not have any listed voting
shares for potential inclusion into the MSCI ESG Universal Indexes.

Please note that feedback may or may not result in MSCI making a proposal on
potential changes to any of the MSCI Equity Index methodologies.

For further information on MSCI indexes or MSCI data, please visit our web site
at www.msci.com, or contact:

MSCI Global Client Service:
Americas Client Service: 1.888.588.4567 (toll free)/+ 1.212.804.390
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.