Announcement for April 01, 2020 at 09:05 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 30, 2020.

SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

AUSTRALIA                1
CHINA                    2


AUSTRALIA

SEEK
CURRENT GICS SUB-INDUSTRY 20202010 Human Resource & Employment Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services


CHINA

CHINA CONCH VENTURE
CURRENT GICS SUB-INDUSTRY 20106020 Industrial Machinery
NEW GICS SUB-INDUSTRY     20103010 Construction & Engineering

COSCO SHIP DEV A (HK-C)
CURRENT GICS SUB-INDUSTRY 20303010 Marine
NEW GICS SUB-INDUSTRY     20107010 Trading Companies & Distributors

* 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.