STANDARD ANNOUNCEMENTS - June 06, 2019 at 08:47 PM GMT
Announcement for June 06, 2019 at 08:47 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

London - June 6, 2019 - MSCI Inc. (NYSE:MSCI), a leading provider of
research-based indexes and analytics, announced the results of the MSCI 2019
Global Market Accessibility Review. The detailed report, covering market
accessibility assessments for 84 markets, has been made available on MSCI's web
site at https://www.msci.com/market-classification.

As previously announced, the MSCI Kuwait Index is currently included on the MSCI
2019 Annual Market Classification Review list for a potential reclassification
to Emerging Markets status and hence Kuwait is not included in the MSCI 2019
Global Market Accessibility Review report released today. This information will
subsequently be made available on June 25, 2019, concurrent with the MSCI 2019
Annual Market Classification Review announcement.

The MSCI Global Market Accessibility Review aims to serve as a tool for
international institutional investors to better track the evolution of market
accessibility in individual countries as well as for regulators to be informed
of the areas perceived as not meeting international standards and for which
improvement would be welcomed by international institutional investors.

Consistent with prior years, the MSCI 2019 Global Market Accessibility Review
provides a detailed assessment of market accessibility for each country market
included in the MSCI Indexes. In particular, it provides an evaluation of the
five market accessibility criteria, which are:
o Openness to foreign ownership
o Ease of capital inflows / outflows
o Efficiency of the operational framework
o Availability of Investment Instruments
o Stability of the institutional framework

These five criteria are reflective of the views of international institutional
investors who generally put a strong emphasis on equal treatment of investors,
free flow of capital, cost of investment, unrestrictive use of stock market data
and country specific risk. MSCI uses 18 distinct accessibility measures for the
assessment of these five criteria, described in detail in the MSCI 2019 Global
Market Accessibility Review report.

As a reminder, market accessibility is one of the three criteria, along with
economic development as well as size and liquidity, determining classification
of markets into Developed, Emerging, Frontier and Standalone Markets. The
classification of markets is a key input in the process of index construction as
it drives the composition of the investment opportunity sets to be represented.
More information on the MSCI Market Classification Framework is available at:
https://www.msci.com/market-classification.

Please note that the MSCI Global Investable Market Indexes Methodology book has
been updated to reflect certain amendments in the Market Classification
Framework.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.