Consultation
MSCI TO CONSULT ON A NEW FAMILY OF JAPAN DOMESTIC EQUITY INDICES
Geneva – April 7, 2005. Responding to client interest for a Japan domestic equity index series, MSCI willconsult with the investment community on the potential creation of a new family of free float capitalization
weighted Japan domestic equity benchmark indices. In particular, MSCI will seek feedback on the definition of
the investable market segment and the various size and style segments as applicable to the Japan equity universe.
MSCI welcomes any feedback from the investment community and plans to contact directly some market
participants to solicit feedback. Please note that this consultation may or may not lead to the creation of a familyof Japan domestic indices and MSCI’s final decision will be announced in advance.
For further information on MSCI indices or MSCI data, please visit our web site at www.msci.com orcontact:
Dorsey Horowitz, MSCI, New York
Guillermo Benedit, MSCI, London
Sarah Chan, MSCI, Hong Kong
Olivia Vong, MSCI, Tokyo+ 1 212 762 5790
+ 44 20 7425 6660
+ 852 2848 6740
+ 813 5424 5470___________________________________________________________________________________________________
Notice and Disclaimer
Copyright © 2005 by Morgan Stanley Capital International Inc. ("MSCI"). All rights reserved.
The MSCI Consultation Paper (the “Consultation Document”) may not be reproduced or redisseminated in whole or inpart without prior written permission from MSCI. The information provided in the Consultation Document is for
informational purposes only and does not form a part of the terms or conditions of any agreement you have or may enter
into with MSCI. The information may not be used to verify or correct other data, to create indices, or in connection withoffering, sponsoring, managing or marketing any securities, portfolios, financial instruments or products. None of theinformation constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or
product or trading strategy, and MSCI does not endorse, approve or otherwise express any opinion regarding any issuer,securities, financial products or instruments or trading strategies that may be described or mentioned therein. Further,none of the information is intended to constitute investment advice or a recommendation to make (or refrain from making)any kind of investment decision and may not be relied on as such. The user of the information assumes the entire risk of
any use it may make or permit to be made of the information. NEITHER MSCI, ANY OF ITS AFFILIATES OR ANYOTHER THIRD PARTY INVOLVED IN MAKING OR COMPILING THE CONSULTATION DOCUMENT ORTHE INFORMATION CONTAINED THEREIN MAKES ANY EXPRESS OR IMPLIED WARRANTIES ORREPRESENTATIONS WITH RESPECT TO ANY SUCH DOCUMENTS OR INFORMATION (OR THE RESULTSTO BE OBTAINED BY THE USE THEREOF), AND MSCI, ITS AFFILIATES AND EACH SUCH OTHER THIRDPARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING, WITHOUTLIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NONINFRINGEMENT, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE).
Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any other third party involved in
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Morgan Stanley Capital International, MSCI®, ACWI, EAFE® and all other service marks referred to herein are theexclusive property of MSCI or its affiliates. All MSCI indices are the exclusive property of MSCI and may not be used inany way without the express written permission of MSCI.

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MSCI (www.msci.com) is a leading provider of equity, fixed income and hedge fund indices, and related products andservices. MSCI estimates that over USD 3 trillion is benchmarked to its indices on a worldwide basis. MSCI is
headquartered in New York, with research and commercial offices around the world. In 2004, MSCI acquired Barra, Inc.
(www.barra.com), a global leader in delivering risk analytics, performance measurement and attribution systems andservices to managers of portfolio and firm-wide investment risk. Morgan Stanley, a global financial services firm and amarket leader in securities, asset management, and credit services, is the majority shareholder of MSCI, and CapitalInternational Inc., part of the global investment management group of The Capital Group Companies, Inc., is the minority
shareholder.

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