www.mscibarra.com

MSCI Equity Indices November 2009 Semi-Annual Index Review
Geneva - November 11, 2009 - MSCI Inc (NYSE: MXB), a leading provider of investment decision support tools
worldwide, including indices and portfolio risk and performance analytics, announced today changes to the MSCIEquity Indices – including the MSCI Global Standard and MSCI Global Small Cap Indices as well as the MSCI
Global Value and Growth Indices, the MSCI Frontier Markets Indices, the MSCI Global Islamic Indices, the MSCIUS Equity Indices, the MSCI US REIT Index and the MSCI China A Indices – that will be made as of the close of
November 30, 2009. These changes result from the November 2009 Semi-Annual Index Review and have beenposted on MSCI’s web site at http://www.mscibarra.com.
MSCI Global Standard Indices: Forty-eight securities will be added to and 38 securities will be deleted from theMSCI Global Standard Indices. The three largest additions to the MSCI World Index are Genworth Financial A(US), Inmarsat (UK) and Petrobank Energy & Resources (Canada). The three largest additions to the MSCIEmerging Markets Index are PDG Realty (Brazil), Lojas Renner (Brazil) and Nine Dragons Paper (China). There
will also be a change of country classification for Tim Hortons from US to Canada.
MSCI Global Small Cap Indices: Three hundred and sixty-two securities will be added to and 165 securities will
be deleted from the MSCI Global Small Cap Indices. The three largest additions to the MSCI World Small Cap
Index are FTI Consulting (US), Aqua America (US), and Ladbrokes (UK). The three largest additions to the MSCIEmerging Markets Small Cap Index are Transneft Pref (Russia), Daphne International Holdings (China) andChina Metal Recycling (China).
MSCI Global Value and Growth Indices: For the MSCI All Country World Index (ACWI) Value Index, the largestadditions or style changes from growth to value will be Procter & Gamble (US), Total (France), Nokia Corporation(Finland). For the MSCI ACWI Growth Index, the largest additions or style changes from value to growth will be
BNP Paribas (France), Caterpillar (US) and Assicurazioni Generali (Italy).
MSCI Frontier Markets Indices: There will be nine additions to and 18 deletions from the MSCI Frontier MarketsIndices. The three largest additions to the MSCI Frontier Markets Indices are Gulf Cable & Elect Ind (Kuwait),
Vodafone Qatar (Qatar) and Grupo Fin Galicia B ADR (Argentina). In addition, MSCI Barra will introduce a new
stand-alone country index for Bangladesh as part of this November 2009 Semi-Annual Index Review.
MSCI Global Islamic Indices: Sixty securities will be added to and 74 will be deleted from the MSCI ACWI
Islamic Index. The three largest additions to the MSCI ACWI Islamic Index are Abbott Laboratories (US), Bayer(Germany), and Danone (France). There will also be one addition to and six deletions from the MSCI Gulf
Cooperation Council (GCC) Countries Domestic Islamic Index.
MSCI US Equity Indices: There will be no additions to and deletions from the MSCI US Large Cap 300 Index.
Ten securities will be added to and five securities will be deleted from the MSCI US Mid Cap 450 Index. The
three largest additions to the MSCI US Mid Cap 450 Index are American Int’l Group, Genworth Financial A andF5 Networks.
Fifty nine securities will be added to and 43 securities will be deleted from the MSCI US Small Cap 1750 Index.
The three largest additions to the MSCI US Small Cap 1750 Index are Camden Property Trust, American
National Insurance and Monster Worldwide.
There will be 49 additions to and 17 deletions from the MSCI US Micro Cap Index.

1 of 3

www.mscibarra.com

For the MSCI US Investable Market Value Index, there will be 214 additions or upward changes in Value
Inclusion Factors (VIFs), and 275 deletions or downward changes in VIFs. For the MSCI US Investable Market
Growth Index, there will be 275 additions or upward changes in Growth Inclusion Factors (GIFs), and 192
deletions or downward changes in GIFs.
MSCI US REIT Index: There will be one addition to and one deletion from the MSCI US REIT Index.
MSCI China A Index: The November 2009 Semi-Annual Index Review coincides with the second phasetransition of the MSCI China A Index to the MSCI Global Investable Market Indices (GIMI) Methodology. Therewill be 69 additions to and 31 deletions from the MSCI China A Index. As announced previously on September
17, 2009, MSCI Barra will be launching the MSCI China A Small Cap Index as of the close of November 30,
2009. Information on the pro-forma MSCI China A Small Cap Index has been made available at the subscriber
section of the MSCI Emerging Markets Small Cap web site.
The results of the November 2009 Semi-Annual Index Review of the MSCI High Dividend Yield Indices, the MSCI
Pan-Euro and MSCI Euro Indices, the MSCI Global Islamic Small Cap Indices as well as the MSCI Asia APEX 50Index have also been posted on MSCI’s web site at www.mscibarra.com.
###About MSCI Inc.
MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc.
products include indices and portfolio risk and performance analytics for use in managing equity, fixed income andmulti-asset class portfolios.
The company’s flagship products are the MSCI International Equity Indices, which include over 120,000 indicescalculated daily across more than 70 countries, and the Barra risk models and portfolio analytics, which cover 56
equity and 46 fixed income markets. MSCI Inc. is headquartered in New York, with research and commercial offices
around the world.
For further information on MSCI, please visit our web site at www.mscibarra.com
For media enquiries please contact:
Sally Todd | Clare Milton, Penrose Financial, London
Pen Pendleton | Patrick Clifford, Abernathy MacGregor, New York+ 44.20.7786.4888+ 1.212.371.5999

MSCI Barra Global Client Service:
Joe Pivarunas, MSCI Barra, London
Elizabeth Turner, MSCI Barra, New York
Jackson Wang, MSCI Barra, San Francisco
Abbie Bao, MSCI Barra, Hong Kong
Masao Ikeda, MSCI Barra, Tokyo

+ 44.20.7618.2222+ 1.212.804.3901+ 1.415.576.2323+ 852.2844.9333+ 813.5226.8222

This document and all of the information contained in it, including without limitation all text, data, graphs, charts (collectively, the“Information”) is the property of MSCl Inc. (“MSCI”), Barra, Inc. (“Barra”), or their affiliates (including without limitation Financial
Engineering Associates, Inc.) (alone or with one or more of them, “MSCI Barra”), or their direct or indirect suppliers or any third party

2 of 3

www.mscibarra.com











involved in the making or compiling of the Information (collectively, the “MSCI Barra Parties”), as applicable, and is provided forinformational purposes only. The Information may not be reproduced or redisseminated in whole or in part without prior written
permission from MSCI or Barra, as applicable.
The Information may not be used to verify or correct other data, to create indices, risk models or analytics, or in connection withissuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles based
on, linked to, tracking or otherwise derived from any MSCI or Barra product or data.
Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast
or prediction.
None of the Information constitutes an offer to sell (or a solicitation of an offer to buy), or a promotion or recommendationof, any security, financial product or other investment vehicle or any trading strategy, and none of the MSCI Barra Parties
endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or instruments
or trading strategies. None of the Information, MSCI Barra indices, models or other products or services is intended toconstitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision andmay 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.
NONE OF THE MSCI BARRA PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITHRESPECT TO THE INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF), AND TO THE MAXIMUMEXTENT PERMITTED BY LAW, MSCI AND BARRA, EACH ON THEIR BEHALF AND ON THE BEHALF OF EACH MSCI BARRAPARTY, HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY IMPLIEDWARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY
AND FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE INFORMATION.
Without limiting any of the foregoing and to the maximum extent permitted by law, in no event shall any of the MSCI Barra Parties
have any liability regarding any of the Information for any direct, indirect, special, punitive, consequential (including lost profits) or any
other damages even if notified of the possibility of such damages. The foregoing shall not exclude or limit any liability that may not by
applicable law be excluded or limited, including without limitation (as applicable), any liability for death or personal injury to the extent
that such injury results from the negligence or wilful default of itself, its servants, agents or sub-contractors.
Any use of or access to products, services or information of MSCI or Barra or their subsidiaries requires a license from MSCI orBarra, or their subsidiaries, as applicable. MSCI, Barra, MSCI Barra, EAFE, Aegis, Cosmos, BarraOne, and all other MSCI andBarra product names are the trademarks, registered trademarks, or service marks of MSCI, Barra or their affiliates, in the UnitedStates and other jurisdictions. The Global Industry Classification Standard (GICS) was developed by and is the exclusive property ofMSCI and Standard & Poor’s. “Global Industry Classification Standard (GICS)” is a service mark of MSCI and Standard & Poor’s.

3 of 3