Geneva, November 11, 2008 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 25, 2008. SUMMARY PER COUNTRY and PER REGION: Nb of Nb of Securities Securities Region Country Added Deleted Asia Pacific AUSTRALIA 14 13 CHINA 29 13 HONG KONG 6 13 INDIA 17 24 INDONESIA 5 4 JAPAN 22 46 KOREA 12 21 MALAYSIA 9 7 NEW ZEALAND 1 1 PHILIPPINES 2 0 SINGAPORE 9 11 TAIWAN 34 7 THAILAND 9 4 Nb of Nb of Securities Securities Region Country Added Deleted Europe, Middle East and Africa AUSTRIA 6 3 BELGIUM 3 0 DENMARK 2 3 EGYPT 6 4 FINLAND 2 2 FRANCE 5 3 GERMANY 10 2 GREECE 1 2 IRELAND 1 4 ISRAEL 4 1 ITALY 6 10 JORDAN 0 10 MOROCCO 2 0 NETHERLANDS 2 2 NORWAY 5 3 POLAND 8 5 PORTUGAL 1 0 RUSSIA 5 10 SOUTH AFRICA 3 4 SPAIN 3 2 SWEDEN 1 6 SWITZERLAND 3 5 TURKEY 8 0 UNITED KINGDOM 20 21 Nb of Nb of Securities Securities Region Country Added Deleted Americas ARGENTINA 0 1 BRAZIL 14 7 CANADA 19 13 CHILE 1 4 Page 1 of 13 MSCI Global Small Cap Indices - November 11, 2008 © MSCI 2008, All rights reserved. COLOMBIA 1 1 MEXICO 6 2 PERU 0 4 USA 112 102 ASIA PACIFIC MSCI AUSTRALIA INDEX Additions Deletions AQUARIUS PLATINUM ALBIDON-CDI BABCOCK & BROWN AUSTRALIAN PHARM IND BOART LONGYEAR GROUP BABCKC & BRWN POWR STAP. CLOUGH BECTON PROPERTY GROUP COAL OF AFRICA CENTRO (CPL) LTD KAROON GAS AUSTRALIA JABIRU METALS LINC ENERGY NEW HOPE MAC SERVICES GROUP NUFARM LIMITED MINERAL RESOURCES OCTAVIAR PALADIN ENERGY PERILYA PROGRAMMED MAINT. SVCES PORTMAN SUNSHINE GAS QUEENSLAND GAS COMPANY VIRGIN BLUE HOLDINGS SPECIALTY FASHION GROUP WESTPAC FUNDS MGT PREF MSCI CHINA INDEX Additions Deletions ASIA CEMENT CHINA HLDGS BENGANG STEEL PLATES B BOE TECH GROUP B CHINA AUTOMATION GRP BYD ELECTRONIC INTL CHINA ENERGINE INT'L CENTRAL CHINA REAL ESTAT CHINA HUIYUAN JUICE GRP CHINA MERCHANTS CHINA DI CHINA SHINEWAY PHARM GRP CHINA SHANSHUI CEMENT GR CHINA WIRELESS TECH CHINA STARCH HOLDINGS COASTAL GREENLAND(CN) CHINA ZENITH CHEMICAL GOLDEN EAGLE RETAIL GRP CITIC RESOURCES HOLDINGS HUA HAN BIO-PHARM COSLIGHT TECH INTL GP LAI FUNG HLDINGS(CN) GUANGZHOU INVESTMENT NANJING PANDA ELECTRS H GUANGZHOU SHIPYARD INT H SHANDONG WEIGAO GP MED H HIDILI INDUSTRY INTL DEV TCL COMMUNICATIONS TECH HONGHUA GROUP HOPSON DEVELOPMENT HDGS KASEN INT'L HLDGS KWG PPTY HLDG LITTLE SHEEP GROUP LIVZON PHARMACEUTICAL B NEW WRLD CHNA LND(CN) NINE DRAGONS PAPER ORIENTAL GINZA HOLDINGS POU SHENG INTL HOLDINGS RREEF CHINA COMM TRUST SHOUGANG CONCORD INT'L SOLARGIGA ENERGY HLDGS L UNI-PRESIDENT CHINA HLDG UNITED ENERGY GROUP XTEP INT'L HLDGS MSCI HONG KONG INDEX Additions Deletions C C LAND HOLDINGS CHINA SOLAR ENERGY HLDGS GALAXY ENTERTAINMENT GRP CHUNG TAI PRINTING KOWLOON DEVELOPMENT CO FOUNTAIN SET HOLDIGNS LEE & MAN PAPER MFG GLORIOUS SUN ENTERPRISES LUNG KEE (BERMUDA) HLDGS IMAGI INT'L HOLDINGS SHUN TAK HOLDINGS LAI SUN DEVELOPMENT NEXT MEDIA Page 2 of 13 MSCI Global Small Cap Indices - November 11, 2008 © MSCI 2008, All rights reserved. PACIFIC ANDES INTL HLDG PLAYMATES HOLDINGS PYI CORPORATION SOLOMON SYSTECH TOWN HEALTH INTL VONGROUP MSCI INDIA INDEX Additions Deletions BAJAJ FINSERV ASHAPURA MINECHEM BERGER PAINTS INDIA BAJAJ AUTO FINANCE DALMIA CEMENT (BHARAT) BRITANNIA INDUSTRIES GODREJ INDUSTRIES CALS REFINERIES GUJARAT MINERAL DEV CORP COLGATE-PALMOLIVE INDIA HOUSING DEVT & INFRAS CONSOLIDATED CONST INDIABULLS FINL SERVICE CRANES SOFTWARE INT'L INDIABULLS REAL ESTATE ELECON ENGINEERING CO JAYBHARAT TEXTILES & REA EMCO KSL & INDUSTRIES HINDUSTAN PETROLEUM CORP LANCO INFRATECH HT MEDIA MAX INDIA IDBI BANK ONMOBILE GLOBAL KALYANI STEELS RAIN COMMODITIES KIRLOSKAR BROTHERS TATA TELESVCS MAHARASHTR LUPIN TORRENT PHARMACEUTICALS MADHUCON PROJECTS ZANDU PHARMACEUTICAL WOR NORTHGATE TECHNOLOGIES ORBIT CORPORATION PIDILITE INDUSTRIES PIRAMAL HEALTHCARE SUBEX TIME TECHNOPLAST UNION BANK OF INDIA VISHAL RETAIL MSCI INDONESIA INDEX Deletions Additions BAKRIE & BROTHERS INDAH KIAT PULP & PAPER CITRA MARGA NUSAPHALA MITRA RAJASA PT DARMA HENWA PANIN LIFE TBK PT LIPPO KARAWACI TBK PERUSAHAAN PERSEROAN TRUBA ALAM MANUNGGAL ENG MSCI JAPAN INDEX Deletions Additions ABC-MART AIFUL CORP ACRODEA AOMORI BANK (THE) APAMANSHOP HOLDINGS CO COLOWIDE CO ARDEPRO CO CSK HOLDINGS CORP ARNEST ONE CORP DAIWABO INFORMATION SYS ARRK CORP FERROTEC CORP ASSET MANAGERS HLDGS CO HIBIYA ENGINEERING COSMOS INITIA HITACHI MEDICAL CORP CREED CORP JAPAN VILENE CO CREED OFFICE INVESTMENT KOATSU GAS KOGYO CO CRESCENDO INVESTMENT MITSUI HOME CO DAIDO METAL CO NIPPON GAS CO FULLCAST HOLDINGS CO NPC FUNAI ZAISAN CONSULTANTS OKUMA CORP H-ONE CO PIONEER CORP IDU CO SECOM TECHNO SERVICE CO INVOICE SHIN-KOBE ELECTRIC MACH JANOME SEWING MACHINE CO TOHO TITANIUM CO JAPAN GENERAL ESTATE TOKAI RIKA CO JAPAN HOTEL AND RESORT TOKUSHU TOKAI HOLDINGS JOINT REIT INVEST. CORP Page 3 of 13 MSCI Global Small Cap Indices - November 11, 2008 © MSCI 2008, All rights reserved. TOKYO ROPE MFG CO KEIHAN ELECTRIC RAILWAY VANTEC GROUP CORPOR KUMAGAI GUMI CO KURIMOTO LASALLE JAPAN REIT LASERTEC CORP MATSUI SECURITIES CO MIRAIAL CO MISAWA HOMES CO NEW CITY RESIDENCE INV NIS GROUP CO NISSAY DOWA GEN INS PACIFIC HOLDINGS PAL CO RADIA HOLDINGS RASA INDUSTRIES RAYSUM CO RENOWN RISA PARTNERS SECURED CAPITAL JAPAN CO SJ HOLDINGS TOKYO TEKKO CO TOSEI CORP TOUEI HOUSING CORP TSUMURA & CO UNITED TECH HOLDINGS MSCI KOREA INDEX Deletions Additions CELRUN CO DAEKYO CO PREF CUZCO LBE CO GLOBAL & YUASA BATTERY C DUZON DIGITAL WARE CO HANKUK ELECTRIC GLASS HAANSOFT HANSSEM CO HANSAE CO JINRO DISTILLERS CO HUMAN & TECHNOLOGY CO KISWIRE HWA SUNG INDUSTRIAL CO NK CO HYUNDAI CEMENT CO SBS HOLDINGS CO KCO ENERGY SK SECURITIES CO KR CO LTD TONG YANG SECURITIES M-NET MEDIA CORP TS CORPORATION MTRON STORAGE TECHNOLOGY VISANG PSK INC SIMM TECH CO SK CHEMICALS PREF SOLOMON MUTUAL SVGS BK SORIBADA INC STC LIFE CO TOPFIELD CO UI ENERGY CORP YUHAN CORP MSCI MALAYSIA INDEX Deletions Additions BOUSTEAD HEAVY IND CEMENT INDUSTRIES OF MAL GREEN PACKET COASTAL CONTRACTS IJM LAND ESSO MALAYSIA KURNIA ASIA KECK SENG (MALAYSIA) LPI CAPITAL KPJ HEALTHCARE SHELL REFINING CO (FOM) MALAYSIA BUILDING SOCIET TRANSMILE GROUP PACIFICMAS SOUTHERN STEEL BERHAD VADS BHD MSCI NEW ZEALAND INDEX Deletions Additions PORT OF TAURANGA Page 4 of 13 MSCI Global Small Cap Indices - November 11, 2008 © MSCI 2008, All rights reserved. NEW ZEALAND OIL & GAS MSCI PHILIPPINES INDEX Deletions Additions None ATLAS CONS MINING & DEV MEGAWORLD CORP MSCI SINGAPORE INDEX Deletions Additions AUSGROUP CAPITACOMMERCIAL TRUST CEREBOS PACIFIC CHINA FISHERY GROUP CHINA MERCHANTS HLDG GUOCOLAND FRASERS CENTREPOINT TR KEPPEL LAND HTL INTERNATIONAL HLDGS LI HENG CHEMICAL JIUTIAN CHEMICAL GROUP SP CHEMICALS JURONG TECH INDUSTRIAL SYNEAR FOOD HOLDINGS MCL LAND VENTURE CORP MEDIARING YANLORD LAND GROUP OSIM INTERNATIONAL SAIZEN REIT MSCI TAIWAN INDEX Deletions Additions ARIMA OPTOELECTRONICS ARCADYAN TECHNOLOGY CORP CREATIVE SENSOR ASIA OPTICAL GENESYS LOGIC INC AVY PRECISION TECH OPTIMAX TECHNOLOGY CORP CANDO CORP SOLOMON TECH CORP CATHAY REAL ESTATE DEV WONTEN TECHNOLOGY CO CENTRAL REINSURANCE WUS PRINTED CIRCUIT CO CHINA HI MENT CHINA MOTOR CORP D-LINK CORP FARGLORY DEVELOPERS CO FIRICH ENTERPRISES CO GENESIS PHOTONICS GLOBAL BRANDS MANUFACT. HIWIN TECHNOLOGIES CORP INVENTEC APPLIANCES MOSEL VITELIC NEO SOLAR POWER CORP PAN-INTERNATIONAL IND RALINK TECHNOLOGY CORP RAYDIUM SEMICONDUCTOR CO SAN SHING FASTECH CORP SESODA CORP SOLARTECH ENERGY CORP STANDARD FOODS CORP TAIWAN COGENERATION VIA TECHNOLOGIES WAFER WORKS CORP WAYS TECHNICAL WINBOND ELECTRONICS CORP WINTEK XINTEC YAGEO CORP YOUNG FAST OPTOELECTRONI ZINWELL CORPORATION MSCI THAILAND INDEX Deletions Additions BANGKOK DUSIT MED. SVCS BANKTHAI CH. KARNCHANG PUBLIC CO CENTRAL PATTANA PUB CO LIVE INC PCL CENTRAL PLAZA HOTEL PCL MBK DYNASTY CERAMIC PUB Page 5 of 13 MSCI Global Small Cap Indices - November 11, 2008 © MSCI 2008, All rights reserved. ESSO THAILAND PCL G J STEEL SAMART CORPORATION THAI AIRWAYS INT'L THAI TAP WATER SUPPLY PC EUROPE, MIDDLE EAST AND AFRICA MSCI AUSTRIA INDEX Deletions Additions AVW INVEST ANDRITZ CHRIST WATER TECHNOLOGY ATRIUM EUROPEAN REAL EST WARIMPEX IMMOEAST IMMOFINANZ ROSENBAUER INTERNATIONAL SEMPERIT AG HOLDING MSCI BELGIUM INDEX Deletions Additions None ATENOR GROUP HAMON THROMBOGENICS MSCI DENMARK INDEX Deletions Additions FIONIA BANK ROCKWOOL INTERNATIONAL B RINGKJOEBING LANDBOBANK SYDBANK VESTJYSK BANK MSCI EGYPT INDEX Deletions Additions ALEX SPINNING & WEAVING CAIRO POULTRY ALEXANDRIA REAL EST INV EGYPTIAN FOR TOURISM RES CREDIT AGRICOLE EGYPT HELIOPOLIS HOUSING & DEV GB AUTO LECICO EGYPT NILE COTTON GINNING SUES CANAL TECH SETTLING MSCI FINLAND INDEX Deletions Additions FINNLINES CARGOTEC B VAISALA A YIT OY MSCI FRANCE INDEX Deletions Additions GROUPE VIAL ABC ARBITRAGE SYNERGIE EXEL INDUSTRIES VIEL ET COMPAGNIE GL TRADE ILOG SA DES CIMENTS VICAT MSCI GERMANY INDEX Deletions Additions BALDA ARCANDOR BOEWE SYSTEC BILFINGER + BERGER CENTROTEC SUSTAINABLE IVG IMMOBILIEN KWS SAAT AG MEDIGENE PHOENIX SOLAR PROSIEBEN SAT1 MEDIA VZ Page 6 of 13 MSCI Global Small Cap Indices - November 11, 2008 © MSCI 2008, All rights reserved. R STAHL RHEINMETALL MSCI GREECE INDEX Deletions Additions HERACLES GENERAL CEMENT ALFA-BETA VASSILOPOULOS IASO MSCI IRELAND INDEX Deletions Additions BLACKROCK INT'L LAND IRISH LIFE & PERMANENT CPL RESOURCES ICON ORIGIN ENTERPRISES MSCI ISRAEL INDEX Deletions Additions OSEM INVESTMENTS IDB DEVELOPMENT CORP MELLANOX TECHNOLOGIES QUEENCO UNION BANK OF ISRAEL MSCI ITALY INDEX Deletions Additions AEDES ACOTEL GROUP AICON GAS PLUS ALITALIA IFI PRIV BANCA INTERMOBILIARE JUVENTUS FOOTBALL CLUB EEMS ITALIA SPA KERSELF EUTELIA REPLY MITTEL SARAS SOL UNI LAND MSCI JORDAN INDEX Deletions Additions JORDAN ISLAMIC BANK JORDAN PETROL. REFINERY CAPITAL BANK OF JORDAN BANK OF JORDAN JORDAN NATIONAL BANK JORDAN STEEL CAIRO AMMAN BANK ARAB INT'L FOR INV &EDUC MIDDLE EAST COMPLEX TAMEER JORDAN HOLDINGS MSCI MOROCCO INDEX Deletions Additions None ALLIANCES DVLPMT IMMOBIL HYPER MSCI NETHERLANDS INDEX Deletions Additions KENDRION ACCELL GROUP NR NORDIC & RUSSIA PROP TOMTOM MSCI NORWAY INDEX Deletions Additions ACTA HOLDING Page 7 of 13 MSCI Global Small Cap Indices - November 11, 2008 © MSCI 2008, All rights reserved.