MSCI STANDARD INDEX SERIES NOVEMBER 2003 QUARTERLY INDEX REVIEW
Geneva, November 13, 2003. MSCI announced today changes to the MSCI Standard Index Series that will
be effective as of the close of November 28, 2003. These changes result from the November 2003 QuarterlyIndex Review. The full list of additions to and deletions from the MSCI Standard Index Series has beenposted on MSCI's web site at http://www.msci.com/stdindex.
Effective as of the close of November 28, 2003, 6 securities will be added to the MSCI Standard Index Series
and 1 security will be deleted. The additions bring the representation of their respective industry groups intheir respective countries closer to MSCI's target of 85% of free float-adjusted market capitalization. Theadditions are Univision Communications A (USA), Autostrade (Italy), Angiotech Pharmaceuticals (Canada), IFlex Solutions (India), Bank Danamon (Indonesia) and CP Seven Eleven (Thailand). In addition, the local
shares of Shin Corp (Thailand) and National Finance (Thailand) will replace the foreign shares in the MSCI
Thailand Index.
MSCI's quarterly review of free float estimates resulted in changes in Foreign Inclusion Factors (FIFs) for 34
securities in 17 countries. FIFs adjust the market capitalization of securities for free float available to foreign
investors. These changes reflect the evolution of shareholdings, changes in Foreign Ownership Limits (FOL)or the reclassification of certain shareholders. Overall, the impact of these changes in the indices is minimal.
The results of the November 2003 Semi-Annual Index Review for the MSCI Small Cap Index Series, theMSCI Global Value and Growth Index Series and the MSCI US Equity Indices as well as the November 2003
Quarterly Index Review for the MSCI Pan-Euro and Euro Indices have also been posted on MSCI's web siteat www.msci.com.

For further information on MSCI indices or MSCI data, please visit our web site at www.msci.com orcontact:
Dorsey Horowitz, MSCI, New York
Adrian Franken, MSCI, London
Jammy Chan, MSCI, Hong Kong
Olivia Vong, MSCI, Tokyo+ 1 212 762 5790
+ 44 20 7425 6660
+ 852 2848 6740
+ 813 5424 5470

Daniel Guthrie/Beany McLean, Luther Pendragon, London
Ed Rowley/Kayt Makosy, Abernathy MacGregor, New York+ 44 20 7618 9100
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