Announcement for October 16, 2025 at 09:16 PM UTC

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 October 31, 2025.

SUMMARY OF CHANGES INCLUDED IN THIS ANNOUNCEMENT.

                         Number of
                         GICS changes

ITALY                    1
MALAYSIA                 1


ITALY

POSTE ITALIANE
CURRENT GICS SUB-INDUSTRY 40301020 Life & Health Insurance
NEW GICS SUB-INDUSTRY     40201020 Diversified Financial Services


MALAYSIA

PETRONAS DAGANGAN
CURRENT GICS SUB-INDUSTRY 10102030 Oil & Gas Refining & Marketing
NEW GICS SUB-INDUSTRY     25504050 Automotive Retail


* Twice a month, MSCI announces changes
in the 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.