Announcement for February 23, 2021 at 09:15 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

FURTHER UPDATE REGARDING CHANGES TO MSCI INDEXES RELATING TO U.S. EXECUTIVE ORDER 13959

(Re: Announcement sent on January 27, 2021 with sequence number: 00099.ALL)

As a follow up to MSCI's above communication regarding the list of additional companies released by the U.S. Department of Defense (DoD) on January 14, 2021 (also known as Tranche 5), MSCI seeks feedback from market participants on the treatment of Tranche 5 in the MSCI Global Investable Markets Indexes (GIMI). Any securities of the companies that DoD listed in Tranche 5 may be impacted by the U.S. Executive Order 13959 (Order) effective March 15, 2021.

To date, the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) has not included any companies listed in Tranche 5 on its Non-SDN List of companies subject to the Order or provided any guidance with respect to Tranche 5.  As a reminder, OFAC included securities of companies previously listed by the DoD in each of the previous Tranches 1 through 4 on its Non-SDN List.

MSCI will continue to monitor for any additional guidance from OFAC and will seek to issue an announcement by March 10, 2021 to confirm any potential deletion of securities related to Tranche 5. Any such deletion from the GIMI would be effective March 15, 2021.

MSCI reminds users of its indexes for any purpose, including both indexed and active management, that they are responsible for ensuring compliance with all applicable sanctions and any other rules, regulations, prohibitions, laws and other restrictions applicable to their portfolios, trading and other investment activity.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.