STANDARD ANNOUNCEMENTS - November 18, 2019 at 09:18 PM GMT
Announcement for November 18, 2019 at 09:18 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES & CHINA ALL SHARES
INDEXES

ALIBABA GROUP HLDG (a constituent of the MSCI China Index with a US listing) has
launched a primary offering of 500,000,000 ordinary shares on the Hong Kong
Stock Exchange. The new shares are expected to start trading on the Hong Kong
Stock Exchange from November 26, 2019.

MSCI will not implement any changes to ALIBABA GROUP HLDG at the time of the
event, as per the MSCI Corporate Events methodology.
MSCI intends to implement the changes to the number of shares and Foreign
Inclusion Factor (FIF), if any, on account of this primary offering at the
February 2020 Quarterly Index Review.

Following the listing on Hong Kong Stock Exchange, MSCI will perform a review of
the change in listing for ALIBABA GROUP HLDG at regularly scheduled Semi-Annual
Index Reviews based on the MSCI GIMI Methodology.

MSCI will issue further communication on this event in the MSCI Equity Indexes
at a later stage.

Further details on the rules governing offerings and new listings in the MSCI
Equity Indexes can be found in the MSCI GIMI and MSCI Corporate Events
methodologies available on https://wwww.msci.com/index-methodology.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES & CHINA ALL SHARES
INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.