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MSCI GLOBAL VALUE AND GROWTH INDICESAUGUST 2008 QUARTERLY INDEX REVIEW
Geneva - August 13, 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 the MSCI
Global Value and Growth Indices that will be made as of the close of August 29, 2008. These changes result fromthe August 2008 Quarterly Index Review.
As part of the Quarterly Index Reviews, securities added to the MSCI Global Standard Indices are added to theMSCI Global Value and Growth Indices. Securities migrating from one size segment of the MSCI Global Investable
Market Indices to another are also migrated to the corresponding size segments of the MSCI Global Investable
Market Value and Growth Indices. Style reviews are only conducted for the new additions to the MSCI Global
Standard Indices and for the migrations between the MSCI Global Standard Indices and the MSCI Global Small
Cap Indices.
Frontline (NO) and Indah Kiat Pulp & Paper (ID) will be fully allocated to the MSCI Global Value Indices. Alpha Nat
Resources (US), Boskalis Westminster (NL), China Yurun Food Group (CN), Drax Group (UK), Duvernay Oil Corp(CA), Jeronimo Martins SGPS (PT), Petrohawk Energy Corp (US), and S1 Corp (KR) will be fully allocated to theMSCI Global Growth Indices. Hydroogk OJSC (RU) will be partially allocated to the MSCI Global Value and Growth
Indices with a Value Inclusion Factor of 0.5.
All securities deleted from the MSCI Global Standard Indices as a result of the Quarterly Index Review will also bedeleted from the MSCI Global Value and Growth Indices.
In addition, there will be changes to certain constituents in the MSCI Global Value and Growth Indices resulting
from the quarterly review of free float estimates and quarterly updates in the number of shares for the MSCI Global
Standard Indices made as of the close of August 29, 2008.
The results of the August 2008 Quarterly Index Review for MSCI Global Standard Indices, the MSCI Global Small
Cap Indices, the MSCI Frontier Markets Indices, the MSCI Pan-Euro and MSCI Euro Indices, the MSCI Asia APEX
50 Index, the MSCI KOKUNAI Japan Equity Indices, the MSCI Global Islamic Indices, the MSCI US Equity Indices,
the MSCI US REIT Index as well as the MSCI China A Index have also been posted on MSCI Barra’s web site atwww.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 and

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46 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.
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 | Ann Taylor Reed, Abernathy MacGregor, New York+ 44.20.7786.4888+ 1.212.371.5999

MSCI Barra Global Client Service:
Joe Pivarunas, MSCI Barra, London
Phil Juliano, 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+ 1.212.762.5790+ 1.415.576.2323+ 852.2848.7333+ 813.5424.5470

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Associates, Inc.) (alone or with one or more of them, “MSCI Barra”), or their direct or indirect suppliers or any third party involved in themaking or compiling of the Information (collectively, the “MSCI Barra Parties”), as applicable, and is provided for informational purposes
only. The Information may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI orBarra, as applicable.
 The Information may not be used to verify or correct other data, to create indices, risk models or analytics, or in connection with
issuing, 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 recommendation of,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 ortrading 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 and may
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.
 In particular, historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis orprediction.
 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
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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 or Barra,or their subsidiaries, as applicable. MSCI, Barra, MSCI Barra, EAFE, Aegis, Cosmos, BarraOne, and all other MSCI and Barra productnames are the trademarks, registered trademarks, or service marks of MSCI, Barra or their affiliates, in the United States and otherjurisdictions. The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of MSCI andStandard & Poor’s. “Global Industry Classification Standard (GICS)” is a service mark of MSCI and Standard & Poor’s.

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