Announcement for April 04, 2022 at 09:04 PM GMT

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 April 29, 2022.

SUMMARY OF CHANGES INCLUDED IN THIS ANNOUNCEMENT.

                         Number of
                         GICS changes

GERMANY                  1
KOREA                    1
USA                      2


GERMANY

RWE STAMM
CURRENT GICS SUB-INDUSTRY 55103010 Multi-Utilities
NEW GICS SUB-INDUSTRY     55105010 Independent Power Producers & Energy Traders


KOREA

GS HOLDINGS CORP
CURRENT GICS SUB-INDUSTRY 10102030 Oil & Gas Refining & Marketing
NEW GICS SUB-INDUSTRY     20105010 Industrial Conglomerates


USA

ROPER TECHNOLOGIES
CURRENT GICS SUB-INDUSTRY 20105010 Industrial Conglomerates
NEW GICS SUB-INDUSTRY     45103010 Application Software

SS&C TECHNOLOGIES HLDGS
CURRENT GICS SUB-INDUSTRY 45103010 Application Software
NEW GICS SUB-INDUSTRY     45102020 Data Processing & Outsourced Services

* 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.