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MSCI US REIT INDEX
November 2008 Semi-Annual Index Review
New York – November 11, 2008 - 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 theMSCI US REIT Index that will be made as of the close of November 25, 2008. These changes result from theNovember 2008 Semi-Annual Index Review.
There will be two additions to and no deletions from the MSCI US REIT Index. A total of 82 securities will haveupdates in their number of shares (NOS), three of which will be in excess of 5% of the security’s total shares
outstanding. There will be no change in the Domestic Inclusion Factors (DIF).
The MSCI US REIT Index is comprised of REIT securities that are included in the MSCI US Investable Market 2500
Index, with the exception of:
REITs classified in the Mortgage REITs Sub-Industry, and

REITs classified in the Specialized REITs Sub-Industry that do not generate a majority of their revenue andincome from real estate rental and related leasing operations.

The MSCI US REIT Index, in conjunction with the MSCI US Equity Indices, is fully reviewed at the end of each Mayand November (Semi-Annual Index Reviews). Each Semi-Annual Index Review involves a comprehensive reviewof the US Equity market capitalization indices as well as the US Equity value and growth indices. During the review,
changes in the investability of constituents and non-constituents are also assessed. Semi-Annual Index Reviews
may result in changes in DIFs or updates in number of shares.
The results of the November 2008 Semi-Annual Index Review for the MSCI Global Investable Market Indices, theMSCI Global Standard Indices, the MSCI Global Small Cap Indices, the MSCI Global Value and Growth Indices,the MSCI Frontier Markets Indices, the MSCI High Dividend Yield Indices, the MSCI Pan-Euro and MSCI EuroIndices, the MSCI Asia APEX 50 Index, the MSCI KOKUNAI Japan Equity Indices, the MSCI Global IslamicIndices, the MSCI US Equity Indices, the MSCI US REIT Index as well as the MSCI China A and MSCI China A
Value and Growth Index 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. MSCIBarra 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.

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MSCI Barra was recently named Index Provider of the Year at the European Pensions 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
Stacy Cuffe, 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
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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
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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.

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