Announcement for March 01, 2021 at 10:01 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
March 31, 2021.

SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

USA                      2


USA

BOOKING HOLDINGS
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25301020 Hotels, Resorts & Cruise Lines

EXPEDIA GROUP
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25301020 Hotels, Resorts & Cruise Lines

* 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.