Announcement for March 19, 2025 at 07:03 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

ANNOUNCEMENT FOR THE MSCI WORLD IMI SUSTAINALBE WATER TRANSITION INDEX

As per methodology enhancements requested by Towarzystwo Funduszy Inwestycyjnych PZU, the MSCI World IMI Sustainable Water Transition Index (MSCI Index Code: 752309) will have an ad-hoc rebalance to apply the following exclusion screens. These changes will be effective April 1, 2025.

- Thermal Coal:

    - All companies deriving 1% or more revenue (either reported or estimated) from the mining of thermal coal (including lignite, bituminous, anthracite, and steam coal) and its sale to external parties. It does not cover revenue from metallurgical coal, coal mined for internal power generation (e.g., in the case of vertically integrated power producers), intracompany sales of mined thermal coal, and revenue from coal trading.

    - All companies with evidence of involvement in thermal coal distribution.

- Power Generation: All companies deriving 50% or more aggregate revenue from thermal coal based power generation, liquid fuel based power generation and natural gas based power generation.

- Tobacco: All companies that are involved in the manufacturing of Tobacco products.

- Oil and Gas:

    - All companies deriving 10% or more aggregate revenue (either reported or estimated) from oil-related activities.

    - All companies deriving 50% or more aggregate revenue (either reported or estimated) from gas-related activities.

The pro forma Index will be announced on March 19, 2025, nine business days before the effective date.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.