Proposal to Introduce Frequency ofTrading Requirements for the MSCIFrontier Markets IMIMarch 19,19 2014

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Proposal and Impact
 MSCI proposes to apply Frequency of Trading requirements for the MSCI FrontierMarkets Investable Market Indexes (IMI) A minimum level of 50% of 12‐month Frequencyqy of Tradingg would be requiredq
for the inclusion of asecurity in the MSCI Frontier Markets IMI in addition to Annualized Traded Value Ratio (ATVR) Existing constituents of the MSCI Frontier Markets IMI would remain in the Index if their 12‐monthFrequency of Trading is greater than or equal to 10% and all other criteria are met
Currently MSCI applies 1212‐monthmonth ATVR as the only liquidity measure for the MSCI Frontier Markets IMI
 Currently,
 This potential change would bring the liquidity requirements for the MSCI Frontier Markets IMI closer tothe requirements for the MSCI ACWI IMI Impact of the Proposal Based on the data used for the November 2013 Semi‐Annual Index Review, this proposal would result inthe deletion of BANK OF BEIRUT from the MSCI Lebanon IMI

 MSCI welcomes feedback from the investment community on the potential
application of the Frequency of Trading requirements for the MSCI Frontier Markets
IMI before April 4, 2014 and will announce its final decision shortly thereafter.
 This proposal may or may not result in changes to the MSCI Global Investable
Market Indexes.

©2014 MSCI Inc. All rights reserved.

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Constituents of the MSCI Frontier Markets IMI with theqy of Tradingg
Lowest Frequency
Bottom 10 constituents of MSCI FM IMI ranked by 12M FOTCountrySecurity Name

Company Full Mcap 12 Month Frequency of Trade

MAHyper

431.1650.81%OM

Asaffa Foods

295.8744.67%OM

Oman Oil Marketing Co

338.2143.15%OM

Smn Pow er Holding

297.8539.59%

BH

Bahrain Duty Free Compl

218.3235.60%LB

Blom Bank

1,773.75

33.74%OM

Al Omaniya Fin Service

198.4131.47%BH

B h i C
Bahrain
Com F
Facilitie
iliti

281 64281.6423 04%
23.04%

BH

Bmmi

273.6515.18%

LB

Bank Of Beirut

958.88

6.07%*The lists excludes t he constit uent s of t he M SCI UAE and M SCI Qat ar Indexes©2014 MSCI Inc. All rights reserved.

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Feb 2014

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