Announcement for November 11, 2026 at 10:23 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

MSCI ANNOUNCES FINAL IMPACT LIST OF THE NON-OPERATING COMPANIES METHODOLOGY

MSCI today announced the final list of GIMI securities impacted by the implementation of the Non-Operating Companies Methodology, effective as part of the November 2026 Index Review.

As a reminder, ineligible non-operating companies will be identified through:

- an initial core screen to determine whether an issuer is a company with substantial operating assets; and

- for issuers that fail that screen, an exclusion screen based on five non-industry-specific financial ratios. A security will be ineligible for index inclusion if it is flagged on four or more of the five ratios.

Non-constituents will be ineligible for addition if they fail the ineligibility screen in either of their two most recent annual filing periods. Current constituents will be removed only if they fail the ineligibility screen in each of the two most recent annual filing periods. MSCI may also use the most recent interim filing if available.

Further details of the methodology and specific thresholds are available in Appendix I of the MSCI Global Investable Market Indexes Methodology.

The list of impacted index constituents is available at https://www.msci.com/index-consultations.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.