CLARIFICATION ON CHANGES TO MSCI PAN-EURO AND EURO INDICESGeneva, August 6, 2002. This announcement aims to clarify the policy for changes to the MSCI Pan-Euroand Euro Indices, in particular as related to the Quarterly Index Review for the MSCI Standard Index Series.
Effective immediately, new additions to the MSCI Standard Index Series resulting from the Quarterly Index
Review will become eligible for inclusion in the MSCI Pan-Euro and Euro Indices under the same criteria as
new issues, as detailed in Section 6.1 of the MSCI Pan-Euro and Euro Indices Methodology Book. Securitiesmeeting these criteria at the time of the Quarterly Index Review will be added to the MSCI Pan-Euro andEuro Indices, simultaneously with their addition to the MSCI Standard Index Series.
All other changes to the MSCI Europe Index, including deletions, Foreign Inclusion Factors (FIFs) andnumber of shares changes, will continue to be reflected simultaneously in the MSCI Pan-Euro and EuroIndices.
As a reminder, MSCI announced on May 28, 2002, as part of the amendments to the MSCI Equity Index
Rebalancing Policy, that the annual rebalancing of the MSCI Pan-Euro and Euro Indices will take place inMay, coinciding with the Annual Full Country Index Review of the MSCI Standard Index Series.
For further information on MSCI indices or MSCI data, please visit our web site at www.msci.com orcontact:
Dorsey Horowitz, MSCI, New York
Jessica Parra, MSCI, London
Jammy Chan, MSCI, Hong Kong
Taiki Kimura, MSCI, Tokyo+ 1 212 762 5790
+ 44 20 7425 6660
+ 852 2848 6740
+ 813 5424 5470

Daniel Guthrie/Emma Leeds, Luther Pendragon, London
Ed Rowley/Steve Bruce, Abernathy MacGregor, New York+ 44 20 7618 9100
+ 1 212 371 5999______________________________________________________________________________________________________This information is the property of Morgan Stanley Capital International Inc. (MSCI). It is provided for informational
purposes only, and is not a recommendation to participate in any particular trading strategy. The information may not be
used to verify or correct data, or any compilation of data or index or in the creation of any indices. Nor may it be used in
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information is provided on an “as is” basis. Although MSCI shall obtain information from sources which MSCIconsiders reliable, neither MSCI, its affiliates nor any other party involved in the making or compiling of the information
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