Announcement for November 01, 2018 at 09:00 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

LIST OF COMPANIES IMPACTED BY REVISIONS TO THE GICS STRUCTURE IN MSCI GLOBAL
STANDARD INDEXES

NEW YORK, November 1, 2018 - MSCI Inc., a leading provider of research-based
indexes and analytics announced today the list of companies to be impacted as a
result of the Global Industry Classification Standard (GICS) structure revisions
in December 2018 in MSCI Global Standard Indexes. Note that the new company
classifications are subject to change before implementation due to ongoing
reviews, including for corporate events.

The following Industry changes will take place as of the close of November 30,
2018. MSCI will announce additional impacted companies, if any, on November 13,
2018.

In November 2017, MSCI and S&P DJI announced changes to the GICS structure that
were implemented after the close of business (ET) on Friday, September 28, 2018
in GICS Direct. These changes will be implemented in MSCI equity indexes as part
of the November 2018 Semi-Annual Index Review.

Summary of key changes:

Communication Services Sector
The Telecommunication Services Sector will be broadened and renamed
Communication Services to include companies that facilitate communication and
offer related content and information through various media.

The renamed Sector will include the existing telecommunication companies as well
as companies selected from the Consumer Discretionary Sector currently
classified under the Media Industry Group, such as Comcast Corp. (NASD:CMCSA)
and Naspers Ltd. (JSE:NPN). It will also include select companies from the
Internet & Direct Marketing Retail Sub-Industry such as Netflix Inc. (NASD:NFLX)
and TripAdvisor Inc. (NASD:TRIP), along with certain companies currently
classified in the Information Technology Sector, including Alphabet Inc.
(NASD:GOOGL) and Facebook Inc. (NASD:FB).

Internet & Direct Marketing Retail Sub-Industry under the Consumer Discretionary
Sector
The Internet & Direct Marketing Retail Sub-Industry will be updated to include
all online marketplaces for consumer products and services. The Sub-Industry
will include e-commerce companies regardless of whether they hold inventory, and
include companies such as Alibaba Group Holding Limited (NYSE:BABA)  and eBay
Inc. (NASD:EBAY).

Information Technology Sector
Companies currently classified in the Internet Software & Services Sub-Industry
such as data centers, cloud networking, storage infrastructure, and web hosting
services will be moved to a new Sub-Industry called Internet Services &
Infrastructure under the IT Services Industry. This Sub-Industry will include
companies such as VeriSign Inc. (NASD:VRSN) and Shopify Inc. (NYSE:SHOP).

In addition, cloud-based software companies currently classified as Internet
Software & Services such as LogMeIn Inc. (NASD:LOGM) and Nutanix Inc.
(NASD:NTNX) will be reclassified as Application Software.

As a result, the existing Internet Software & Services Industry and Sub-Industry
will be discontinued.

For more details regarding the upcoming structure changes, please visit
www.msci.com.

The new GICS structure will consist of 11 Sectors, 24 Industry Groups, 69
Industries and 158 Sub-Industries.

SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

AUSTRALIA                1
BELGIUM                  1
CANADA                   2
CHINA                    22
FRANCE                   6
GERMANY                  5
INDIA                    1
INDONESIA                1
JAPAN                    11
KOREA                    6
MALAYSIA                 1
MEXICO                   1
NORWAY                   1
POLAND                   2
SINGAPORE                1
SOUTH AFRICA             1
UNITED KINGDOM           5
USA                      37


AUSTRALIA

REA GROUP
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services


BELGIUM

TELENET
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite


CANADA

SHAW COMMUNICATIONS B
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

SHOPIFY A
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     45102030 Internet Services & Infrastructure


CHINA

58.COM ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

ALIBABA GROUP HLDG ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     25502020 Internet & Direct Marketing Retail

ALIBABA PICTURES GROUP
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

AUTOHOME ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

BAIDU ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

BAOZUN ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     25502020 Internet & Direct Marketing Retail

CHINA FILM CO A (HK-C)
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

CHINA LITERATURE
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing

CHINA STH PUBL A (HK-C)
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing

CHINESE UNIVER A (HK-C)
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing

CITIC GUOAN INF A (HK-C)
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

FANG HOLDINGS ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

GIANT NETWORK A (HK-C)
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

MOMO A ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

NETEASE COM ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

ORIENTAL PEARL A (HK-C)
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

PERFECT WORLD A (HK-C)
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

SINA CORP
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

TENCENT HOLDINGS LI (CN)
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

WEIBO CORP ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

WUHU SHUNRONG A (HK-C)
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

YY INC ADR
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services


FRANCE

EUTELSAT COMMUNICATIONS
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

JC DECAUX INTERNATIONAL
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

PUBLICIS GROUPE
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

SES A-FDR
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

UBISOFT ENTERTAINMENT
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

VIVENDI
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment


GERMANY

DELIVERY HERO
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     25502020 Internet & Direct Marketing Retail

PROSIEBEN SAT1 MEDIA
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting

RTL GROUP(NEW)
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting

SPRINGER (AXEL)
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing

UNITED INTERNET
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50101020 Integrated Telecommunication Services


INDIA

ZEE ENTERTAINMENT ENT
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting


INDONESIA

SURYA CITRA MEDIA
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting


JAPAN

CYBER AGENT
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

DENA CO
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

DENTSU
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

HAKUHODO DY HOLDINGS
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

KAKAKU.COM
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

KONAMI HOLDINGS CORP
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

LINE CORP
CURRENT GICS SUB-INDUSTRY 45103010 Application Software
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

NEXON CO
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

NINTENDO CO
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

TOHO CO
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

YAHOO JAPAN CORP
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services


KOREA

CHEIL WORLDWIDE
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

KAKAO CORP
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

NAVER
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

NCSOFT CORP
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

NETMARBLE CORP
CURRENT GICS SUB-INDUSTRY 45103010 Application Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

PEARLABYSS
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment


MALAYSIA

ASTRO MALAYSIA HOLDINGS
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting


MEXICO

GRUPO TELEVISA CPO
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite


NORWAY

SCHIBSTED B
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing


POLAND

CD PROJEKT
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

CYFROWY POLSAT SA
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite


SINGAPORE

SINGAPORE PRESS HLDG
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing


SOUTH AFRICA

NASPERS N
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite


UNITED KINGDOM

AUTO TRADER GROUP
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

ITV
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting

NEW INFORMA
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

PEARSON
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing

WPP
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising


USA

21ST CENTURY FOX A
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

21ST CENTURY FOX B
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

ACTIVISION BLIZZARD
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

AKAMAI TECHNOLOGIES
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     45102030 Internet Services & Infrastructure

ALPHABET A
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

ALPHABET C
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

CBS CORP B
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting

CHARTER COMM A (NEW)
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

COMCAST CORP A (NEW)
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

DISCOVERY A
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting

DISCOVERY C
CURRENT GICS SUB-INDUSTRY 25401020 Broadcasting
NEW GICS SUB-INDUSTRY     50201020 Broadcasting

DISH NETWORK A
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

DISNEY (WALT)
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

EBAY
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     25502020 Internet & Direct Marketing Retail

ELECTRONIC ARTS
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

FACEBOOK A
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

GODADDY A
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     45102030 Internet Services & Infrastructure

IAC/INTERACTIVECORP A
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

INTERPUBLIC GROUP OF COS
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

LIBERTY BROADBAND C
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

LIBERTY FORMULA ONE C
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

LIBERTY GLOBAL A
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

LIBERTY GLOBAL C
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

LIBERTY SIRIUSXM A
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

LIBERTY SIRIUSXM C
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

LIVE NATION ENTMT
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

MERCADOLIBRE
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     25502020 Internet & Direct Marketing Retail

NETFLIX
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

NEWS CORP A
CURRENT GICS SUB-INDUSTRY 25401040 Publishing
NEW GICS SUB-INDUSTRY     50201040 Publishing

OMNICOM GROUP
CURRENT GICS SUB-INDUSTRY 25401010 Advertising
NEW GICS SUB-INDUSTRY     50201010 Advertising

SIRIUS XM HOLDINGS
CURRENT GICS SUB-INDUSTRY 25401025 Cable & Satellite
NEW GICS SUB-INDUSTRY     50201030 Cable & Satellite

TAKE-TWO INTERACTIVE SOF
CURRENT GICS SUB-INDUSTRY 45103030 Home Entertainment Software
NEW GICS SUB-INDUSTRY     50202020 Interactive Home Entertainment

TRIPADVISOR
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

TWITTER
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services

VERISIGN
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     45102030 Internet Services & Infrastructure

VIACOM B (NEW)
CURRENT GICS SUB-INDUSTRY 25401030 Movies & Entertainment
NEW GICS SUB-INDUSTRY     50202010 Movies & Entertainment

ZILLOW GROUP C
CURRENT GICS SUB-INDUSTRY 45101010 Internet Software & Services
NEW GICS SUB-INDUSTRY     50203010 Interactive Media & Services


THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.