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MSCI Equity Indices May 2009 Semi-Annual Index Review
Geneva - May 13, 2009 - MSCI Inc (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
Equity Indices – including the MSCI Global Standard and MSCI Global Small Cap Indices as well as the MSCI
Frontier Markets Indices, the MSCI Global Value and Growth 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 May 29, 2009. Thesechanges result from the May 2009 Semi-Annual Index Review and have been posted on MSCI’s web site at
http://www.mscibarra.com.
MSCI Global Standard Indices: Seventy-eight securities will be added to and 99 securities will be deleted from theMSCI Global Standard Indices. The three largest additions to the MSCI World Index are Maxim Integrated Products(US), Crown Holdings (US) and Myriad Genetics (US). The three largest additions to the MSCI Emerging MarketsIndex are Kingboard Chemical Holdings (China), Ncsoft Corp (Korea) and Renhe Commercial Holdings (China).
Thirty-two securities will be added to and 23 will be deleted from the MSCI Frontier Markets Indices. The threelargest additions to the MSCI Frontier Markets Index are Neal & Massy Holdings (Trinidad & Tobago), Telecom
Argentina B ADR (Argentina) and MCB Bank (Pakistan).
MSCI also announced today that the MSCI Trinidad and Tobago Index, launched in November 2008 as a standalone country index, will be added to the MSCI Frontier Markets Index. The MSCI Jamaica Index, which was also
launched in November 2008 as stand-alone country index, does not currently meet the liquidity requirements for theMSCI Frontier Markets Index and will therefore continue to be maintained as stand-alone country index.
In addition, as announced on February 18, 2009, Argentina will simultaneously be removed from the MSCIEmerging Markets Indices and added to the MSCI Frontier Markets Index at the time of the May 2009 Semi-AnnualIndex Review. MSCI will consider only American Depository Receipts (ADRs) of Argentinean companies as eligible
securities for inclusion in the MSCI Argentina Index. Also, as announced on March 23, 2009, Pakistan will be added
to the MSCI Frontier Markets Index at the time of the May 2009 Semi-Annual Index Review.
MSCI Global Small Cap Indices: Five hundred and ninety securities will be added to and 367 securities will bedeleted from the MSCI Global Small Cap Indices. The three largest additions to the MSCI World Small Cap Index
are Tate & Lyle (UK), Logica (UK), and Catlin Group (UK). The three largest additions to MSCI Emerging Markets
Small Cap Index are Lojas Renner (Brazil), Empresas Ica (Mexico) and Barloworld (South Africa).
MSCI Global Value and Growth Indices: For the MSCI All Country World (ACWI) Value Index, there will be 283
additions or upward changes in Value Inclusion Factors (VIFs), and 410 deletions or downward changes in VIFs.
For the MSCI ACWI Growth Index, there will be 403 additions or upward changes in Growth Inclusion Factors(GIFs), and 297 deletions or downward changes in GIFs.
The three largest style changes from growth to value will be BP (UK), Siemens (Germany), and Royal Dutch Shell
A (UK). The three largest style changes from value to growth will be Credit Suisse (Switzerland), Intel Corp (US)and Sony Corp (Japan).
MSCI Global Islamic Indices: One hundred securities will be added to and 263 will be deleted from the MSCIACWI Islamic Standard Index. The three largest additions to the MSCI ACWI Islamic Index are Microsoft Corp (US),Siemens (Germany), and Lowe's Cos (US). There will also be six additions to and 16 deletions from the MSCI Gulf
Cooperation Council (GCC) Countries Domestic Islamic Index.

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MSCI US Equity Indices: There will be 23 securities added to and seven securities deleted from the MSCI USLarge Cap 300 Index. The three largest additions to the MSCI US Large Cap 300 Index are Noble Energy, TD
Ameritrade Holding Co. and Autozone.
Forty-two securities will be added to and 29 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 Mead Johnson Nutrition A, Maxim Integrated
Products and Discover Financial.
One hundred and fifteen securities will be added to and 88 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 Radioshack, Sepracor and KB
Home. There will be 61 additions to and 137 deletions from the MSCI US Micro Cap Index.
For the MSCI US Investable Market Value Index, there will be 306 additions or upward changes in VIFs, and 256
deletions or downward changes in VIFs. For the MSCI US Investable Market Growth Index, there will be 298
additions or upward changes in GIFs, and 285 deletions or downward changes in GIFs.
MSCI US REIT Index: There will be no additions to and one deletion from the MSCI US REIT Index. Maguire
Properties will be deleted from the MSCI US REIT Index.
The results of the May 2009 Semi-Annual Index Review of the MSCI High Dividend Yield Indices, the MSCI PanEuro and MSCI Euro Indices, the MSCI GDP Weighted Indices, the MSCI Asia APEX 50 Index, as well as theMSCI China A Indices have also been posted on MSCI’s web site at www.mscibarra.com.
###About MSCI Inc
MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc.
products include indices and portfolio risk and performance analytics for use in managing equity, fixed income andmulti-asset class portfolios.
The company’s flagship products are the MSCI International Equity Indices, which include over 120,000 indicescalculated daily across more than 70 countries, and the Barra risk models and portfolio analytics, which cover 56
equity and 46 fixed income markets. MSCI Inc. is headquartered in New York, with research and commercial offices
around the world. Morgan Stanley, a global financial services firm, is the controlling shareholder of MSCI Barra.
In 2008 MSCI 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, 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
Elizabeth Turner, MSCI Barra, New York
Jackson Wang, MSCI Barra, San Francisco+ 44.20.7618.2222+ 1.212.804.3901+ 1.415.576.2323

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Abbie Bao, MSCI Barra, Hong Kong
Masao Ikeda, MSCI Barra, Tokyo

+ 852.2844.9333+ 813.5226.8222

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