MSCI CONTINUES REVIEW ON RELAXATION OF RESTRICTIONS ON FOREIGNPORTFOLIO INVESTORS IN TAIWAN
Geneva, October 6, 2003. MSCI announced today that it is continuing its formal review on the relaxation ofrestrictions on portfolio investors in Taiwan to incorporate the review of the set of changes in regulations
announced by the Securities and Futures Commission of Taiwan on September 30, 2003. As a reminder, MSCI firstannounced on July 23, 2003 that it is conducting a formal review.
MSCI’s evaluation of the impact of these changes on the investment process will be based on feedback from market
participants, which MSCI will continue to actively seek. Market participants’ assessment of the announced
framework, including the remaining investment constraints, is anticipated to require a minimum of three to six
additional months.
MSCI’s review may or may not lead to a higher Limited Investability Factor (LIF) for the MSCI Taiwan Index
constituents. Should MSCI determine that any change is warranted after the conclusion of the review, MSCI would
announce the change well in advance, typically four to six months prior to any implementation.

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Daniel Guthrie/Emma Leeds, Luther Pendragon, London
Ed Rowley/Steve Bruce, Abernathy MacGregor, New York+ 44 20 7618 9100
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