Announcement for September 03, 2019 at 09:00 PM GMT

Global Industry Classification Standard (GICS) Changes*

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

The following Industry changes will take place as of the close of
September 30, 2019.



SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

CHINA                    1
DENMARK                  1


CHINA

COSCO SHIPPING ENERGY H
CURRENT GICS SUB-INDUSTRY 20303010 Marine
NEW GICS SUB-INDUSTRY     10102040 Oil & Gas Storage & Transportation


DENMARK

DSV DE SAMMENSLUT VOGN
CURRENT GICS SUB-INDUSTRY 20304020 Trucking
NEW GICS SUB-INDUSTRY     20301010 Air Freight & Logistics



* Twice a month, MSCI announces changes
in the Global Industry Classification Standard (GICS) at Industry level. For
every change, the whole Sub-Industry code is provided. Changes at Sub-Industry
level only are not announced.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.