STANDARD ANNOUNCEMENTS - November 10, 2020 at 10:25 PM GMT
Announcement for November 10, 2020 at 10:25 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

REMINDER ON THE IMPLEMENTATION OF THE RECLASSIFICATION OF THE MSCI KUWAIT
INDEXES TO EMERGING MARKETS

As previously announced, the MSCI Kuwait Indexes will be reclassified to
Emerging Markets from Frontier Markets in one step as part of the November 2020
Semi-Annual Index Review (SAIR). The MSCI Kuwait Indexes will converge with the
MSCI Provisional Kuwait Indexes, which were rebalanced using Emerging Markets
size and liquidity requirements, and will be added to the MSCI Emerging Markets
Indexes as of the close of November 30, 2020 (effective December 1, 2020).

In addition, as communicated on November 6 2020, in the context of this
reclassification, MSCI will apply a Limited Investability Factor (LIF) on
securities in the equity universe of Bangladesh, Lebanon and Nigeria with the
objective of keeping their weights unchanged in the MSCI Frontier Markets Index
as of the price cutoff date for the November 2020 SAIR.


THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.