Announcement for September 23, 2014 at 09:07 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

TREATMENT OF THE MSCI RUSSIA INDEXES IN THE CONTEXT OF NEW ECONOMIC SANCTIONS

Geneva - September 23, 2014 - Following imposition of new sanctions in
connection with events in Ukraine and Russia by the Council of the European
Union as well as the US Department of the Treasury on September 12, 2014, MSCI
Inc. (NYSE: MSCI), a leading provider of investment decision support tools
worldwide, will extend the treatment announced on August 8, 2014 for Sberbank
and VTB Bank to Rosneft and Transneft.

More specifically, MSCI will maintain Rosneft (Rub) and Transneft Pref (Rub) in
the MSCI Russia Index, however, in order to reflect the restrictions on the
participation in the potential issuance of new shares by Rosneft and Transneft
by some market participants, as well as mitigate potential reverse turnover in
the MSCI Russia Indexes and related composite indexes, MSCI will not implement
any increases in Number of Shares (NOS) or Foreign Inclusion Factor (FIF) for
Rosneft (Rub) or Transneft Pref until further notice. MSCI would also launch a
public consultation on a potential deletion of the securities in the event that
Rosneft and/or Transneft announce their intention to issue new shares.

There will be no change to the treatment announced on August 8, 2014 for
Sberbank and VTB Bank.

MSCI will continue to monitor the situation and issue further communication as
more information becomes available.

For further information on MSCI indexes or MSCI data, please visit our web site
at www.msci.com, or contact:

Media Enquiries:
Michele Clarke, MSCI, New York
+ 1.646.732.5079
Jo Morgan, MSCI, London
+ 44.20.7618.2224
Nick Denton | Christian Pickel, MHP Communications, London
+ 44.20.3128.8754/8208

MSCI Global Client Service:
EMEA Client Service: + 44.20.7618.2222
Americas Client Service: 1.888.588.4567 (toll free)/+ 1.212.804.3901
Asia Pacific Client Service: + 852.2844.9333

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                    End of announcement.
                                    Further announcements may occur as needed.