STANDARD ANNOUNCEMENTS - September 25, 2020 at 09:04 PM GMT
Announcement for September 25, 2020 at 09:04 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

CONCLUSIONS FROM THE CONSULTATION ON PROPOSED METHODOLOGY ENHANCEMENT FOR CHINA
P-CHIP CLASSIFICATION

MSCI announced today the conclusion from its recent consultation on the China
P-Chip classification.

Following the positive feedback received from market participants to the
proposed methodology enhancements, MSCI will use company headquarters as a
condition to classify China P-Chip companies instead of the current nationality
criteria.

Additionally, MSCI will revise thresholds for revenue and non-current assets
based on the location of headquarters.

These changes will be effective immediately and will be used for the country
classification review coinciding with November 2020 Semi Annual Index Review.

The updated methodology book is available at:
https://www.msci.com/index-methodology


THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.