Announcement for February 04, 2020 at 10:00 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
February 28, 2020.

SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

CHINA                    1
USA                      1


CHINA

ZHONGJI INNO A(HK-C)
CURRENT GICS SUB-INDUSTRY 20106020 Industrial Machinery
NEW GICS SUB-INDUSTRY     45201020 Communications Equipment


USA

NRG ENERGY
CURRENT GICS SUB-INDUSTRY 55105010 Independent Power Producers & Energy Traders
NEW GICS SUB-INDUSTRY     55101010 Electric 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.