Geneva, November 15, 2011

MSCI GLOBAL SMALL CAP INDICES

The following are changes in constituents for the MSCI Global Small Cap Indices which will take place as of the close of November 30, 2011.

SUMMARY PER COUNTRY and PER REGION:

Nb of Nb of Securities Securities Region Country Added Deleted

Asia Pacific AUSTRALIA 15 10 28 47 11 19 INDIA 10 47 16 1 13 13 KOREA 30 31 14 3 PHILIPPINES 1 0 5 5 21 42 4 2

Nb of Nb of Securities Securities Region Country Added Deleted

Europe, Middle East and Africa AUSTRIA 2 0 BELGIUM 1 1 DENMARK 2 3 EGYPT 1 1 FINLAND 3 0 FRANCE 7 4 GERMANY 7 10 GREECE 4 5 HUNGARY 0 2 ISRAEL 3 5 ITALY 2 9 MOROCCO 0 4 NETHERLANDS 2 2 NORWAY 2 5 POLAND 3 12 PORTUGAL 1 0 RUSSIA 3 2 SOUTH AFRICA 3 2 SPAIN 4 8 SWEDEN 1 4 SWITZERLAND 5 7 TURKEY 3 5 UNITED KINGDOM 12 16

Nb of Nb of Securities Securities Region Country Added Deleted

Americas BRAZIL 9 1 CANADA 17 12 CHILE 2 1 COLOMBIA 1 0 MEXICO 1 1 PERU 2 0 USA 80 56

ASIA PACIFIC

Page 1 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved MSCI AUSTRALIA INDEX Additions Deletions ADAMUS RESOURCES CAMPBELL BROTHERS BLUESCOPE STEEL CARBON ENERGY CATALPA RESOURCES CARNARVON PETROLEUM ELEMENTAL MINERALS CROMWELL PROPERTY GROUP FLINDERS MINES NKWE PLATINUM FOCUS MINERALS PAPERLINX GLOUCESTER COAL PEET GOLD ONE INTERNATIONAL PLATINUM AUSTRALIA KANGAROO RESOURCES PMP OROTONGROUP SEVEN GROUP HOLDINGS PALADIN ENERGY QUBE LOGISTICS HOLDINGS SENEX ENERGY TIGER RESOURCES TROY RESOURCES NL

MSCI CHINA INDEX Additions Deletions BILLION INDUSTRIAL HLDGS A8 DIGITAL MUSIC HOLDING CENTURY GINWA RETAIL BEIJING DEVELOPMENT (HK) CHINA DATANG CORP REN H CENTRON TELECOM INT'L CHINA FLOORING HLDG CHANGFENG AXLE CHINA CHINA HIGH SPEED TRANSMI CHINA FORESTRY HLDGS CO CHINA KINGSTONE MINING CHINA GRND FRST RES(CN) CHINA OVERSEAS GD OCEANS CHINA NETCOM TECH HLDGS CHINA SHINEWAY PHARM GRP CHINA PUBLIC HEALTHCARE GLORIOUS PROPERTY HLDGS CNNC INTERNATIONAL GREENTOWN CHINA HLDGS COASTAL GREENLAND(CN) HIDILI INDUSTRY INTL DEV COSLIGHT TECH INTL GP HILONG HOLDING CP POKPHAND HUTCHISON HARBOUR (CN) DAPHNE INTL HOLDINGS(CN) JINCHUAN GROUP INT (CN) DAYING MODERN AGRI B KNGBRD LAMNTS HLDG(CN) ENERCHINA HOLDINGS KWG PPTY HLDG GOLDBOND GROUP HOLDINGS LI NING CO HL TECHNOLOGY GROUP MAOYE INT'L HLDGS HONG KONG RESOURCES HLDG NEW WRLD CHNA LND(CN) HOPEFLUENT GRP HLDGS PRINCE FROG INTL HLDGS HOPEWELL HWY INFRA(CN) SHANDONG CHENMING PAPE B HUIYIN HOUSEHOLD APP SHANDONG CHENMING PAPE H HUSCOKE RESOURCES HLDGS SHENZHEN INTL ENTERPR B LAO FENG XIANG CO B TECH PRO TECHNOLOGY DEVP MEDIA CHINA CORPORATION TIBET 5100 WATER RES MINGFA GROUP INTL VITAL GROUP HOLDINGS MOBI DEVELOPMENT CO WINSWAY COKING COAL HLDG NORTHEAST ELEC DEVELOP H YUANDA CHINA HOLDINGS PETROASIAN ENERGY HLDGS QIN JIA YUAN MEDIA SVCS QUNXING PAPER REAL GOLD MINING SHANDONG XINHUA PHA H SHANGHAI BAILIAN B (NEW) SHANGHAI CHLOR-ALKALI B SHENJI GP KUNMING MACH H SHENZHEN SEG CO B SHENZHEN SPECIAL ECON B SHOUGANG CONCORD CENTURY SINO PROSPER STATE GOLD SINOREF HOLDINGS SUN KING POWER ELEC TAK SING ALLIANCE HLDGS TIANYI FRUIT HOLDINGS TRULY INT'L HOLDINGS(CN) UNI-PRESIDENT CHINA HLDG WORLD WIDE TOUCH TECH YINGDE GASES GROUP CO

MSCI HONG KONG INDEX Additions Deletions CHINA FINANCIAL INTL INV APOLLO SOLAR ENERGY TECH ERA MINING MACHINERY ARTEL SOLUTIONS GRP HOLD ESPRIT HOLDINGS BURWILL HOLDINGS

Page 2 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved HONBRIDGE (HK) CHINA ENERGY DEVELOPMENT HONGKONG CHINESE CHINA TING GROUP HLDGS IMAGI INT'L HOLDINGS DAH CHONG HONG NEWTON RESOURCES FAR EAST CONSORTIUM ORIENTAL WATCH HOLDINGS FIRST PACIFIC CO TANRICH FINANCIAL HLDGS FIRST SHANGHAI INV TRULY INT HOLDINGS (HK) HONGKONG SHANGHAI HOTEL YGM TRADING HUTCHISON HARBOUR RING JINCHUAN GROUP INT'L KING STONE ENERGY GROUP LUKS GROUP HLDGS NEO TELEMEDIA REGENT PACIFIC GROUP TAI CHEUNG HOLDINGS THEME INTERNATIONL HLDGS WIN HANVERKY HOLDINGS

MSCI INDIA INDEX Additions Deletions ARSHIYA INT'L LIMITE ADHUNIK METALIKS BRITANNIA INDUSTRIES AIA ENGINEERING PVT EROS INTERNATIONAL MEDIA ANSAL PPTYS & INFRA(NSE) HOUSING DEVT & INFRAS BAJAJ FINSERV INDIABULLS REAL ESTATE BAJAJ HLDGS & INVESTMENT INDIAN OVERSEAS BANK BIRLA CORP LANCO INFRATECH DALMIA BHARAT ENT M & M FIN SECS DHANLAXMI BANK PATNI COMPUTER SYS DISH TV INDIA TEXMACO RAIL & ENGR ECLERX SERVICES ESS DEE ALUMINIUM FINOLEX CABLES FINOLEX INDUSTRIES GEODESIC GREAT OFFSHORE GTL LTD(GLOBAL TELE-S) GUJARAT PIPAVAV PORT HEIDELBERGCEMENT INDIA HINDUSTAN MEDIA VENTURES IL & FS INVESTMENT MNGRS ING VYSYA BANK JAI BALAJI INDUSTRIES JINDAL POLY FILMS JINDAL SOUTH WEST JSL STAINLESS JUBILANT LIFE SCIENCES JYOTI STRUCTURES K.S. OILS KARUTURI GLOBAL KESORAM INDUSTRIES KINGFISHER AIRLINES KPIT CUMMINS INFOSYSTEMS MADHUCON PROJECTS (NSE) MAHINDRA LIFESPACE DEV MOSER BAER (INDIA) ONMOBILE GLOBAL OPTO CIRCUITS INDIA PANTALOON RETAIL INDIA PATEL ENGINEERING PENINSULA LAND POLARIS SOFTWARE LAB PRAKASH INDUSTRIES PRRANETA INDUSTRIES SE INVESTMENTS SHIV-VANI OIL & GAS EXPL TRIVENI ENGR. & IND. UNITED BREWERIE HLD(NSE)

MSCI INDONESIA INDEX Additions Deletions ASAHIMAS FLAT GLASS BUMI SERPONG DAMAI BUANA LISTYA TAMA CITRA MARGA NUSAPHALA CLIPAN FINANCE INDO

Page 3 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved FAJAR SURYA WISESA INDIKA ENERGY TBK PT INDOSIAR KARYA MEDIA KAWASAN IND JABABEKA MITRA ADIPERKASA TBK MULTISTRADA ARAH SARANA POLYCHEM INDONESIA RESOURCE ALAM INDONESIA SELAMAT SEMPURNA SURYA SEMESTA INTERNUSA TRADA MARITIME TUNAS BARU LAMPUNG

MSCI JAPAN INDEX Additions Deletions ASAHI INTECC CO ACOM CO BIT-ISLE DAIKOKU DENKI CO CALBEE FURUKAWA BATTERY CO GMO PAYMENT GATEWAY GLOBERIDE KINUGAWA RUBBER IND INUI STEAMSHIP CO MINEBEA CO MICRONICS JAPAN CO MITSUI ENGINEERING&SHIP. NAKAYAMA STEEL WORKS NIPPON KOEI CO NOEVIR HOLDINGS CO RELO HOLDINGS SANRIO CO SXL CORP SHINKAWA TATSUTA ELEC WIRE & CABL TANAKA CHEMICAL CORP WEATHERNEWS UBIQUITOUS YELLOW HAT ZAPPALLAS

MSCI KOREA INDEX Additions Deletions 3S KOREA A-TECH SOLUTION CO AMINOLOGICS CO CHIN HUNG INTERNATIONAL BIOLAND CJ CORP CELLTRION PHARM DAEA TI CO CJ FRESHWAY CORP DAECHANG CO COM2US CORP DANAL CO COSMAX DASAN NETWORKS COSMOCHEMICAL DMS CO GENIC DONGAH GEOLOGICAL ENG GOLFZON DONGBU CORPORATION GREEN CROSS HLDS CORP DOOSAN ENGINEER & CONSTR HAESUNG INDUSTRIAL CO HALIM HOLDINGS CO HANJIN HEAVY INDUSTRIES HAN KUK CARBON CO HANJIN SHIPPING CO (NEW) HANJIN P&C ICD HANMI HOLDINGS CO ILJIN MATERIALS HYUNDAI MARINE & FIRE IN INFINITT HEALTHCARE IDIS HOLDINGS CO JCONTENTREE CORP ILJIN HOLDINGS KOH YOUNG TECHNOLOGY IS DONGSEO CO KT SKYLIFE KISCO HOLDINGS CO NEOWIZ CORPORATION KOREA DIGITAL COMM NEOWIZ CORP KPX FINE CHEMICAL NEXEN CORP L&F CO PHARMICELL CO MNTECH CO SEAH SPECIAL STEEL ORION CORP SEOUL SEMICONDUCTOR CO POSCO COATED & COLOR STE SHINSEGAE INTL SAMBU CONSTRUCTION CO TK CHEMICAL SHINMOORIM PAPER MFG CO TONGYANG SHINWHA INTERTEK CORP Y G-1 CO WOOJEON & HANDAN CO WOOJIN

MSCI MALAYSIA INDEX Additions Deletions AEON CREDIT SERVICE M BOUSTEAD HOLDINGS BIMB HLDGS LINGKARAN TRANS KOTA EVERSENDAI CORP PELIKAN INTERNATIONAL HAP SENG CONSOLIDATED MALAYSIAN AIRLINE SYSTEM MAMEE DOUBLE DECKER MBM RESOURCES

Page 4 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved MSM MALAYSIA HLDGS SAPURACREST PETROLEUM SARAWAK OIL PALMS BERHAD TA ANN HOLDINGS TRADEWINDS (MAL) BHD TSH RESOURCES UOA DEVELOPMENT

MSCI PHILIPPINES INDEX Additions Deletions LEPANTO CONS. MINING B None

MSCI SINGAPORE INDEX Additions Deletions LIONGOLD CORP BANYAN TREE HOLDINGS MANHATTAN RESOURCES CREATIVE TECHNOLOGY MAPLETREE COMM TRUST FORTUNE REAL ESTATE INV. PERENNIAL CHINA RETAIL HOTEL PROPERTIES SHENG SIONG GROUP PACIFIC CENTURY REGION

MSCI TAIWAN INDEX Additions Deletions ARIMA COMMUNICATION CORP ABLEREX ELECTRONICS CO ASIA PLASTIC RECYCLE ABNOVA CORP CHAILEASE HOLDING ANPEC ELECTRONICS CORP CHINA STEEL STRUCTURE CO BASSO INDUSTRY CORP CHUNGHWA PICTURE TUBES CHANNEL WELL TECH CO CMC MAGNETICS CORP CHINA GLAZE CO CORETRONIC CORPORATION CONTREL TECHNOLOGY EVERGREEN INTERNATIONAL CRYSTALWISE TECHNOLOGY GLOBAL LIGHTING TECH CUB ELECPARTS HANNSTAR DISPLAY DIAMOND FLOWER ELE INSTR HOLIDAY ENTERTAINMENT CO E-ONE MOLI ENERGY CORP KD HOLDING CORP EFUN TECHNOLOGY NANYA TECHNOLOGY CORP ENE TECHNOLOGY CO POWERCHIP TECHNOLOGY FARGLORY FTZ INVESTMENT QISDA CORP HITI DIGITAL TAINAN SPINNING HOLDKEY ELECTRIC WIRE TAIWAN PROSPERITY CHEMIC HONG TAI ELECTRIC IND'L VANGUARD INT'L SEMICON HORIZON SECURITIES CO WINBOND ELECTRONICS CORP JANFUSUN FANCYWORLD CORP WOWPRIME LEADTREND TECH CORP YOUNG FAST OPTOELECTRONI MAGLAYERS SCIENTIFIC TE MICROELECTRONICS TECH NETRONIX O-TA PRECISION INDUSTRY P-TWO INDUSTRIES PARAGON TECHNOLOGIES CO PLOTECH CO PORTWELL INC POWER QUOTIENT INT'L PROSPERITY DIELECT CO LT RADIANT OPTO-ELECTRONICS RUENTEX ENGIN & CONST SEA SONIC ELECTRONICS CO SOLELYTEX INDUSTRIAL TAIDOC TECHNOLOGY CORP TAIWAN CHI CHENG ENT. TAIWAN MASK CORPORATION TATUNG FINE CHEMICAL CO THAILIN SEMICONDUCTOR USERJOY TECHNOLOGY CO VIKING TECH WELLYPOWER OPTRONICS

MSCI THAILAND INDEX Additions Deletions LH FINANCIAL GROUP REGIONAL CONTAINER LINES SIAM GLOBAL HOUSE PCL ROJANA INDUS PARK PUB THAI AIRWAYS INT'L TRUE CORP

Page 5 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved EUROPE, MIDDLE EAST AND AFRICA

MSCI AUSTRIA INDEX Additions Deletions AMAG AUSTRIA METALL None LENZING

MSCI BELGIUM INDEX Additions Deletions DEXIA ATENOR GROUP

MSCI DENMARK INDEX Additions Deletions PANDORA NEUROSEARCH UNITED INTL ENTERPRISES TK DEVELOPMENT TORM

MSCI EGYPT INDEX Additions Deletions EL SEWEDY ELECTRIC CO CAIRO POULTRY

MSCI FINLAND INDEX Additions Deletions BIOTIE THERAPIES OYJ None OUTOKUMPU RAUTARUUKKI

MSCI FRANCE INDEX Additions Deletions AIR FRANCE-KLM BELVEDERE ARCHOS METABOLIC EXPLORER ARTPRICE.COM NICOX M6-METROPOLE TELEVISION RECYLEX MAUNA KEA TECHNOLOGIES ST DUPONT TESSI

MSCI GERMANY INDEX Additions Deletions GSW IMMOBILIEN BIOTEST STAMM HAMBORNER REIT CONERGY KHD HUMBOLDT WEDAG INTL FIELMANN NORMA GROUP GRENKELEASING PRIME OFFICE REIT LOEWE TOM TAILOR HOLDING MANZ TUI PHOENIX SOLAR Q-CELLS SOLAR MILLENNIUM ZHONGDE WASTE TECH

MSCI GREECE INDEX Additions Deletions ALPHA BANK ATTICA BANK BANK OF CYPRUS GEK TERNA EFG EUROBANK ERGASIAS GENIKI BANK PUBLIC POWER CORP PIRAEUS PORT AUTHORITY THESSALONIKI WATER&SEWAG

MSCI HUNGARY INDEX Additions Deletions None FHB MORTGAGE BANK A FOTEX HLDG

MSCI ISRAEL INDEX

Page 6 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved Additions Deletions AVGOL INDUSTRIES 1953 ELBIT IMAGING FUNDTECH ELECTRA REAL ESTATE GAZIT GLOBE OTZAR HITYASHVUTH HAYEH. SCAILEX CORP ORD SUNY ELECTRONIC

MSCI ITALY INDEX Additions Deletions BANCA POPOLARE SONDRIO ACOTEL GROUP SALVATORE FERRAGAMO AEDES BANCA FINNAT EURAMERICA BANCO DI SARDEGNA RNC BEGHELLI BRIOSCHI FINANZIARIA DAMICO INTL SHIPPING SEAT P. GIALLE ORD TISCALI

MSCI MOROCCO INDEX Additions Deletions None ALLIANCES DVLPMT IMMOBIL CNIA SAADA ASSURANCE DELTA HOLDING SA SONASID

MSCI NETHERLANDS INDEX Additions Deletions KENDRION HUNTER DOUGLAS POSTNL ORDINA

MSCI NORWAY INDEX Additions Deletions RENEWABLE ENERGY CORP GRIEG SEAFOOD SEVAN DRILLING KONGSBERG AUTOMOTIVE NORSKE SKOGINDUSTRIER SEVAN MARINE VEIDEKKE

MSCI POLAND INDEX Additions Deletions BANK GOSPODARKI ZYWNOSCI ARCTIC PAPER KRUK BARLINEK PZ CORMAY CD PROJEKT RED COMARCH DM IDMSA HYDROBUDOWA POLSKA SA JUTRZENKA MCI MANAGEMENT MOSTOSTAL ZABRZE HOLDING PETROLINVEST PKM DUDA POLNORD

MSCI PORTUGAL INDEX Additions Deletions BCP BANCO COMERCIAL None

MSCI RUSSIA INDEX Additions Deletions OGK-1 (RUB) TGK-2 COM (RUB) PROTEK TGK-9(RUB) VSMPO-AVISMA CORP(RUB)

MSCI SOUTH AFRICA INDEX Additions Deletions ADVTECH ILIAD AFRICA

Page 7 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved BLUE LABEL TELECOMS LTD MVELASERVE EOH HOLDINGS

MSCI SPAIN INDEX Additions Deletions BANCA CIVICA AMPER CIE AUTOMOTIVE BANCO PASTOR MEDIASET ESPANA COM CAJA DE AHORROS DEL MEDI REALIA BUSINESS DINAMIA ERCROS GRUPO EZENTIS QUABIT INMOBILIARIA SNIACE

MSCI SWEDEN INDEX Additions Deletions NCC A DIAMYD MEDICAL B LUNDIN PETROLEUM RNB RETAIL AND BRANDS TRANSCOM WORLDWIDE B

MSCI SWITZERLAND INDEX Additions Deletions IMPLENIA ADVANCED DIGITAL BROADCA LEM HOLDING SA BARRY CALLEBAUT MYRIAD GROUP BASLER KANTONALBANK PART SIEGFRIED NAMEN CIE FINANCIERE TRAD. INH USTER TECHNOLOGIES GOTTEX FUND MGMT KARDEX PARTNERS GROUP HOLDING

MSCI TURKEY INDEX Additions Deletions DOGAN SIRKETLER GRUBU BANVIT BANDIRMA VITAMINL SODANAYII DOGAN GAZETECILIK TRAKYA CAM SANAYII GUNES SIGORTA KILER ALISVERIS HIZMETLE TURK TRAKTOR

MSCI UNITED KINGDOM INDEX Additions Deletions ALLIED GOLD MINING (GB) CAPITAL & REGIONAL ANDOR TECHNOLOGY CLS HOLDINGS CINEWORLD GROUP DECHRA PHARMACEUTICALS CUPID FINDEL KENTZ CORPORATION FLYBE GROUP LONDON & STAMFORD GAME GROUP LONRHO HAMPSON INDUSTRIES OPHIR ENERGY HEALTHCARE LOCUMS PAN AFRICAN RESURCES MEGGITT PHOENIX GROUP HOLDINGS MOUCHEL GROUP RANK GROUP PETROCELTIC INTL SIERRA RUTILE PETRONEFT RESOURCES PV CRYSTALOX SOLAR RSM TENON GROUP TATE & LYLE TOPPS TILES

AMERICAS

MSCI BRAZIL INDEX Additions Deletions ABRIL EDUCACAO UNIT BEMATECH B2W BRAZIL PHARMA GAFISA MAGAZINE LUIZA MARFRIG ALIMENTOS REFINARIA DE PETROLEO ON

Page 8 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved T4F ENTRETENIMENTO TECHNOS

MSCI CANADA INDEX Additions Deletions ARGONAUT GOLD AIR CANADA VV CEQUENCE ENERGY ARMTEC INFRASTRUCTURE GASFRAC ENERGY SERVICES BIOEXX SPCLTY PROTEINS GIBSON ENERGY CALVALLEY PETROLEUM -A HATHOR EXPLORATION NORDION LONGVIEW OIL CORP PEMBINA PIPELINE MOSAID TECHNOLOGIES SMART TECHNOLOGIES A NGEX RESOURCES ST ANDREW GOLDFIELDS OPEN RANGE ENERGY CORP SWISHER HYGIENE PETROBAKKEN ENERGY TERANGA GOLD CORP PRETIUM RESOURCES TETHYS PETROLEUM SECURE ENERGY SERVICES YELLOW MEDIA SOUTHGOBI RESOURCES STUDENT TRANSPORTATION TOTAL ENERGY SERVICES VALENER WHITECAP RESOURCES

MSCI CHILE INDEX Additions Deletions AQUACHILE EMP ELECTRICA PILMAIQUEN CRUZ BLANCA SALUD

MSCI COLOMBIA INDEX Additions Deletions TEXTILES FABRICATO TEJIC None

MSCI MEXICO INDEX Additions Deletions GRUPO AEROMEXICO SAB BIO PAPPEL SAB

MSCI PERU INDEX Additions Deletions FERREYROS None RIO ALTO MINING

MSCI USA INDEX Additions Deletions 8X8 ALBANY MOLECULAR RSCH ACHILLION PHARMACEUT. ALLIANCE HEALTHCARE SERV ACTIVE NETWORK (THE) AMBASSADORS GROUP AIR LEASE CORP A ARGAN(US) ANTHERA PHARMACEUTICALS ASSET ACCEPTANCE CAPITAL ASPEN TECHNOLOGY BIOMIMETIC THERAPEUTICS ASTRONICS CORP BON-TON STORES AVEO PHARMACEUTICALS BROADWIND ENERGY BIOSANTE PHARM CHRISTOPHER & BANKS CORP C AND J ENERGY SERVICES COLDWATER CREEK CALIPER LIFE SCIENCES COURIER CORP CARIBOU COFFEE CO INC DELTA PETROLEUM CORP CENTRAL PACIFIC FIN DEX ONE CORP CHEFS WAREHOUSE HLDGS DIGITAL REALTY TRUST CLEARWIRE CORP A EAGLE BULK SHIPPING COLUMBIA LABORATORIES ENER1 CONN'S ENZO BIOCHEM CORCEPT THERAPEUTICS FARMER BROS CO CORNERSTONE ONDEMAND FIRST FINANCIAL HOLDINGS CRAWFORD & CO B FURNITURE BRANDS INTL CUMULUS MEDIA A GAIAM A DEMAND MEDIA GENERAL MARITIME (NEW) DUNKIN BRANDS GENTIVA HEALTH SERVICES ENTERPRISE FINAN. SVCS HAMPTON ROADS BANKSHARES EXCEL TRUST HEADWATERS FOSTER WHEELER CORP HEICO CORP A

Page 9 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved FRANCESCAS HOLDINGS CORP HERBALIFE FREESCALE SEMICONDUCTOR KANSAS CITY SOUTHERN FUSION IO LIBERTY CAPITAL A GNC HOLDINGS A MEDIA GENERAL A GSI GROUP MERIDIAN INTERSTATE BANC HEALTHSTREAM MERU NETWORKS HUMAN GENOME SCIENCES MICROVISION HYPERDYNAMICS CORP MITEL NETWORKS CORP JEFFERIES GROUP MOTRICITY KENNEDY-WILSON HOLDINGS NABI BIOPHARMACEUTICALS KIOR A NOVATEL WIRELESS KRONOS WORLDWIDE OILSANDS QUEST LINKEDIN CORP A OPNEXT METRO. HEALTH NETWORKS ORBITZ WORLDWIDE MILLER IND. TENN OREXIGEN THERAPEUTICS MITEK SYSTEMS PACIFIC SUNWEAR OF CALIF OLD REPUBLIC INTL CORP PENSON WORLDWIDE INC ONCOTHYREON PHARMASSET ONE LIBERTY PROPERTIES POZEN PC CONNECTION SKYLINE CORP PULTE HOMES SMITH MICRO SOFTWARE RAPTOR PHARMACEUTICAL SOUTHWEST BANCORP RESPONSYS STEREOTAXIS RICHARDSON ELECTRONICS SUFFOLK BANCORP RPX CORP SUN HEALTHCARE GROUP SAGENT PHARMACEUTICALS THE FIRST MARBLEHEAD GRP SCHIFF NUTRITION INT'L A TOREADOR RESOURCES SCICLONE PHARMACEUTICALS TRIDENT MICROSYSTEMS SKULLCANDY VERSO PAPER CORP SOLAZYME WESTWOOD HOLDINGS GROUP SPIRIT AIRLINES SPS COMMERCE STAAR SURGICAL CO STATE BANK FIN CORP SUNCOKE ENERGY SVCSOURCE INTL SWISHER HYGIENE (US) TANGOE CT TEAVANA HOLDINGS A THERMON GROUP HOLDINGS TORNIER NV TRANSCEND SERVICES UNILIFE CORP UNITIL CORP UNIVERSAL STAINLESS &ALL VANGUARD HEALTH SYSTEMS VIRTUS INVEST PARTNERS WALKER AND DUNLOP WESCO AIRCRAFT HOLDINGS WISDOMTREE INVESTMENTS ZAGG ZILLOW A ZIPCAR ZYGO CORP

Page 10 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved Notice and Disclaimer

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MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools.

The company's flagship product offerings are: the MSCI indices which include over 120,000 daily indices covering more than 70 countries; Barra portfolio risk and performance analytics covering global equity and fixed income markets; RiskMetrics market and credit risk analytics; ISS governance research and outsourced proxy voting and reporting services; FEA valuation models and risk management software for the energy and commodities markets; and CFRA forensic accounting risk research, legal/regulatory risk assessment, and due-diligence. MSCI is headquartered in New York, with research and commercial offices around the world.

Page 11 MSCI Global Small Cap Indices - November 15, 2011 © MSCI 2011, All rights reserved