Announcement for February 11, 2025 at 10:30 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

MSCI clarifies that starting from the February 2025 Index Review, MSCI will implement the index review changes, including changes in the Number of Shares (NOS), Foreign Inclusion Factor (FIF) and Domestic Inclusion Factor (DIF) of ADANI ENERGY SOLUTIONS that have been previously postponed.

The proforma changes are announced along with the February 2025 Index Review announcement. The changes will be implemented as of the close of February 28, 2025 (effective March 3, 2025).

MSCI continues to monitor Adani Group and associated securities, including related to free float, and will issue further communication if appropriate.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.