Announcement for June 06, 2024 at 08:35 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

RESULTS OF THE MSCI 2024 GLOBAL MARKET ACCESSIBILITY REVIEW

MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today the results of the MSCI 2024 Global Market Accessibility Review. The detailed report, covering market accessibility assessments for 85 markets now including Niger, has been made available on www.msci.com/market-classification.

Key takeaways:

* There were more improvements than deteriorations in market accessibility ratings. A significant portion of those improvements is attributed to developments in Market Infrastructure, particularly in Frontier Markets.
* MSCI continues to monitor the evolution of shorter settlement processes across global equity markets.

The MSCI Global Market Accessibility Review aims to assess and track the evolution of accessibility in individual markets, and to inform market authorities about areas that global institutional investors perceive as not meeting international standards and would welcome improvements.
Consistent with prior years, the MSCI 2024 Global Market Accessibility Review provides a detailed assessment of market accessibility for each equity market included in the MSCI Indexes and evaluates the following five market accessibility criteria:

* Openness to foreign ownership
* Ease of capital inflows / outflows
* Efficiency of the operational framework
* Availability of investment instruments
* Stability of the institutional framework

These five criteria are reflective of the areas international institutional investors generally place strong emphasis on when evaluating investment accessibility of a market, including equal treatment of investors, free flow of capital, cost of investment, unrestrictive use of stock market data, and market specific risk. MSCI uses 18 distinct accessibility measures to assess these five criteria, described in detail in the MSCI 2024 Global Market Accessibility Review report.

Market accessibility, along with economic development and size and liquidity, determine classification of markets into Developed, Emerging, Frontier and Standalone Markets. The classification of markets is a key input in the process of index construction as it determines the composition of the investment opportunity sets to be represented. The results of the MSCI 2024 Annual Market Classification Review will be announced on June 20, 2024. More information on the MSCI Market Classification Framework is available at www.msci.com/market-classification.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
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