Announcement for June 03, 2019 at 09:00 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
June 28, 2019.



SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

ITALY                    1
SPAIN                    1


ITALY

SNAM
CURRENT GICS SUB-INDUSTRY 10102040 Oil & Gas Storage & Transportation
NEW GICS SUB-INDUSTRY     55102010 Gas Utilities


SPAIN

ENAGAS
CURRENT GICS SUB-INDUSTRY 10102040 Oil & Gas Storage & Transportation
NEW GICS SUB-INDUSTRY     55102010 Gas Utilities



* 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.