MSCI STANDARD INDEX SERIES NOVEMBER 2005 QUARTERLY INDEX REVIEWGeneva, November 16, 2005. MSCI Barra, a leading provider of benchmark indices and risk management
analytics products, announced today changes to the MSCI Standard Index Series that will be effective as of
the close of November 30, 2005. These changes result from the November 2005 Quarterly Index Review.
The full list of additions to and deletions from the MSCI Standard Index Series as well as an updated
methodology book have been posted on MSCI’s web site at http://www.msci.com/stdindex.
Effective as of the close of November 30, 2005, seven securities will be added to the MSCI Standard IndexSeries and no securities will be deleted. The additions bring the representation of their respective industry
groups in their respective countries closer to MSCI’s target of 85% of free float-adjusted market
capitalization. The additions are Alltel Corporation (USA), Kuehne & Nagel International (Switzerland),Kungsleden (Sweden), Central European Media Enterprises (Czech Republic), Cyrela Brazil Realty (Brazil),
EDP- Energias do Brazil (Brazil) and Infrastructure Development Finance Company (India). Additionally,Dialog Telekom Limited (Sri Lanka) will be added to the MSCI Sri Lanka Index, which is a stand-alone MSCIIndex.
MSCI’s quarterly review of free float estimates results in changes in Foreign Inclusion Factors (FIFs) for 32
securities in 21 countries. FIFs adjust the market capitalization of securities for free float available to foreign
investors. These changes reflect the evolution of shareholdings, changes in Foreign Ownership Limits(FOLs), changes in Limited Investability Factors (LIFs) or the reclassification of certain shareholders. Overall,the impact of these changes in the indices is minimal.
MSCI has concluded its consultation on the potential inclusion of PartyGaming in the UK universe. Theconsultation was announced as part of the August 2005 Quarterly Index Review. PartyGaming will now bepart of the UK universe of securities that are eligible for consideration for index inclusion.
The results of the November 2005 Semi-Annual Index Review for the MSCI Small Cap Index Series, theMSCI Global Value and Growth Index Series, the MSCI US Equity Indices, the MSCI US REIT Index andthe MSCI Kokunai Japan Equity Indices, as well as the November 2005 Quarterly Index Review for theMSCI Pan-Euro and Euro Indices and the MSCI China A Index have also been posted on MSCI’s web site atwww.msci.com.
The updated methodology book includes a revised Appendix I (Country Classification of Securities). Allchanges in this newly released methodology book are effective immediately.
About MSCI Barra
MSCI (www.msci.com) develops and maintains equity, fixed income, multi-asset class, REIT and hedge fundindices that serve as the benchmark for an estimated USD 3 trillion on a worldwide basis. Barra, Inc.
(“Barra”) analytics (www.barra.com) help the world’s largest investors analyze, measure and manage portfolio______________________________________________________________________________________________________--1 of 2--

and firm-wide investment risk. MSCI Barra is headquartered in New York, with research and commercial
offices around the world. 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 Group InternationalInc. is the minority shareholder. MSCI Barra is a service mark of Morgan Stanley Capital International Inc.
(“MSCI” or “MSCI Barra”).
###For further information on MSCI indices or MSCI data, please visit our web site at www.msci.com orcontact:
Dorsey Horowitz, MSCI Barra, New York
Sonal Patel, MSCI Barra, London
Sarah Chan, MSCI Barra, Hong Kong
Masao Ikeda, MSCI Barra, Tokyo+ 1 212 762 5790
+ 44 20 7425 6660
+ 852 2848 6740
+ 813 5424 5470

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

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only. Any use of MSCI indices, data or other information requires a license from MSCI. The Information may not be used toverify or correct other data, to create indices, or in connection with offering, sponsoring, managing or marketing any securities,
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are the exclusive property of MSCI or its affiliates, except as provided below. All MSCI indices are the exclusive property of MSCIand may not be used in any way without the express written permission of MSCI. The Global Industry Classification Standard(GICS) was developed by and is the exclusive property of MSCI and Standard & Poor’s. “Global Industry Classification Standard(GICS)” is a service mark of MSCI and Standard & Poor’s.

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