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MSCI Equity Indices February 2009 Quarterly Index Review
Geneva – February 11, 2009 - MSCI Barra (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 and the MSCI US REIT Index – that will be made as of the close of February 27, 2009. Thesechanges result from the February 2009 Quarterly Index Review and have been posted on MSCI Barra’s web site at
http://www.mscibarra.com.
MSCI Global Standard Indices: Twenty-five securities will be added to and 26 securities will be deleted from theMSCI Global Standard Indices. The additions and deletions include the Russian securities, Gazprom (USD),
Lukoil Holding (USD), Surgutneftegaz Comn (USD) and Norilsk Nickel Mmc (USD) for which the price source will
be changed from the Russian Trading System (RTS) to the Moscow Interbank Currency Exchange (MICEX). The
three largest additions to the MSCI World Index are Delta Air Lines (US), ITT Educational Services (US), andDevry (US). Removing the above-mentioned Russian securities from consideration, the three largest additions tothe MSCI Emerging Market Index are Power Grid Corp of India (India), Banco Nossa Caixa On (Brazil), andFederal Grid Ues (Rub) (Russia).
Three securities will be added to and three securities will be deleted from the MSCI Frontier Markets Index. Theadditions will be Emirates Integrated Telecom (United Arab Emirates), Ifa Hotels & Resorts (Kuwait), and Oman
International Bank (Oman).
As a reminder, MSCI Barra introduced new stand-alone country indices for Botswana, Ghana, Jamaica andTrinidad & Tobago at the November 2008 Semi-Annually Index Review. MSCI Barra announced today its
decision to add the MSCI Jamaica Index and the MSCI Trinidad & Tobago Index to the MSCI Frontier Markets
Index coinciding with the May 2009 Semi-Annual Index Review, provided that at the time of the review thecountries still have the minimum required number of eligible securities for the MSCI Frontier Markets Indices.
Based on current data, Botswana and Ghana would not meet the liquidity requirements for the MSCI FrontierMarkets Indices and will therefore continue to be maintained as stand-alone indices.
MSCI Global Small Cap Indices: Twenty-four securities will be added to and 35 securities will be deleted fromthe MSCI Global Small Cap Indices, including the price source change from RTS to MICEX for Transneft Pref(USD) and North-West Tel Comn (USD) in Russia. The three largest additions to the MSCI World Index are Xl
Capital (US), Lamar Advertising Co A (US), and Genworth Financial A (US). Removing the above-mentioned
Russian securities from consideration, the only two additions to the MSCI Emerging Market Small Cap Index areKnm Group (Malaysia) and Satyam Computer Services (India).
MSCI Global Value and Growth Indices: As part of the Quarterly Index Reviews, securities added to or deleted
from the MSCI Global Standard Indices are added to or deleted from the MSCI Global Value and Growth Indices.
For the MSCI Global Value Indices, the three largest additions are Northeast Utilities (US), NSTAR (US), andIAMGOLD Corp (Canada). For the MSCI Global Growth Indices, the three largest additions are ITT EducationalServices (US), Devry (US), and O'Reilly Automotive (US).
MSCI Global Islamic Indices: Thirty securities will be added to and 12 will be deleted from the MSCI ACWI
Islamic Standard Index. The three largest additions to the MSCI ACWI Islamic Standard Index are Quantas

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Services (Australia), Flir Systems (US), and Church & Dwight Co (US). There will also be 10 additions to and 1
deletion from the MSCI Gulf Cooperation Council (GCC) Countries Islamic Standard Index.
MSCI US Equity Indices: There will be no securities added to and eleven securities deleted from the MSCI US
Large Cap 300 Index. Nineteen securities will be added to and 20 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 Strayer Education,Prologis, and Textron.
Twenty-one securities will be added to and nine 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 Seagate Technology, CIT Group,and Manitowoc Co. There will be no additions to or deletions from the MSCI US Micro Cap Index.
For the MSCI US Investable Market Value Index, there will be 8 additions or upward changes in Value Inclusion
Factors (VIFs), and 6 deletions or downward changes in VIFs. For the MSCI US Investable Market Growth Index,
there will be 6 additions or upward changes in Growth Inclusion Factors (GIFs), and 8 deletions or downwardchanges in GIFs.
MSCI US REIT Index: There will be no additions to and no deletions from the MSCI US REIT Index.
The results of the February 2009 Quarterly Index Review of the MSCI High Dividend Yield Indices, the MSCI PanEuro and MSCI Euro Indices, the MSCI Asia APEX 50 Index, the MSCI KOKUNAI Japan Equity Indices, as well as
the MSCI China A Indices have also been posted on MSCI Barra’s web site at www.mscibarra.com.

###About MSCI Barra
MSCI Barra is a leading provider of investment decision support tools to investment institutions worldwide. MSCI
Barra products include indices and portfolio risk and performance analytics for use in managing equity, fixedincome and multi-asset class portfolios.
The company’s flagship products are the MSCI International Equity Indices, which are estimated to have over
USD 3 trillion benchmarked to them, and the Barra risk models and portfolio analytics, which cover 56 equity and46 fixed income markets. MSCI Barra is headquartered in New York, with research and commercial offices aroundthe world. Morgan Stanley, a global financial services firm, is the controlling shareholder of MSCI Barra.
In 2008 MSCI Barra was named Index Provider of the Year at the European Pensions Awards and Best Provider ofBenchmark Indices in Asia Pacific at the AsianInvestor Service Provider Awards.
For further information on MSCI Barra, 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+ 44.20.7618.2222

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Stacy Cuffe, MSCI Barra, New York
Jackson Wang, MSCI Barra, San Francisco
Abbie Bao, MSCI Barra, Hong Kong
Masao Ikeda, MSCI Barra, Tokyo

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+ 1.212.804.3901+ 1.415.576.2323+ 852.2844.9333+ 813.5226.8222

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