MSCI TO ANNOUNCE THE RESULTS OF THE MORGAN STANLEY REIT INDEXSEMI-ANNUAL INDEX REVIEW ON MAY 12, 2005
Princeton, May 04, 2005. On May 12, 2005, MSCI, a leading provider of REIT, international equity, USequity, fixed income and hedge fund indices, will announce the results of the May 2005 Semi-Annual Index
Review for the Morgan Stanley REIT Index. All changes resulting from the review will be effective as of theclose of May 31, 2005.
MSCI will post a summary of the announcement on its website, www.msci.com, at 4:15 p.m. EasternStandard Time (EST) and shortly thereafter on Bloomberg page MSCN, and Reuters public pages MSCIA
and following.
Additionally, MSCI will post the following documents on its website, www.msci.com, under the REIT Indicessection shortly after 4:15 p.m. (EST) on May 12, 2005:
1. A summary report containing an in-depth analysis of the Semi-Annual Index Review.
2. A comparison of the constituents of the Morgan Stanley REIT Index as of April 20, 2005 with thepro forma constituents, reflecting the changes resulting from the index review.
3. A comparison of the constituents of the Morgan Stanley REIT Index as of May 11, 2005 with thepro forma constituents, reflecting the changes resulting from the index review. This refreshedcomparison report includes corporate events, if any, implemented in the Morgan Stanley REIT
Index between April 20, 2005 and May 12, 2005. For the events effective on May 12, 2005, thePro Forma Market Cap (USD mm) field will be left blank intentionally because of the nonavailability of the post-event market price on May 12, 2005.
As a reminder, on June 20, 2005 the official name of the Morgan Stanley REIT Index will be changed to theMSCI US REIT Index.
About MSCIMSCI (www.msci.com) is a leading provider of REIT, equity, fixed income and hedge fund indices, andrelated products and services. MSCI estimates that over USD 3 trillion is benchmarked to its indices on aworldwide basis. MSCI is headquartered in New York, with research and commercial offices around theworld. In 2004, MSCI acquired Barra, Inc. (www.barra.com), a global leader in delivering risk analytics,
performance measurement and attribution systems and services to managers of portfolio and firm-wide
investment risk. Morgan Stanley, a global financial services firm and a market leader in securities, asset
management, and credit services, is the majority shareholder of MSCI, and Capital International Inc., part of
the global investment management group of The Capital Group Companies, Inc., is the minority
shareholder.
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###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

PR:Ben Curson/Clare Rowsell, Penrose Financial, London
Ed Rowley/Patrick Linehan, Abernathy MacGregor, New York+ 44 20 7786 4888
+ 1 212 371 5999

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