MSCI Small Cap Indexes List of Additions/Deletions

Geneva, May 12, 2015 MSCI GLOBAL SMALL CAP INDEXES The following are changes in constituents for the MSCI Global Small Cap Indexes which will take place as of the close of May 29, 2015. SUMMARY PER COUNTRY and PER REGION:

Region

Country

Nb of Securities Added

Nb of Securities Deleted

AUSTRALIA JAPAN HONG KONG SINGAPORE NEW ZEALAND MALAYSIA INDONESIA PHILIPPINES TAIWAN KOREA THAILAND INDIA CHINA

9 15 19 4 1 4 7 3 17 37 14 51 43

20 29 5 6 3 13 8 1 3 3 2 8 23

Country



Asia Pacific

Region

Europe, Middle East and Africa GREECE 2 UNITED ARAB EMIRATES2 QATAR 1 BELGIUM 0 SWITZERLAND 7 SPAIN 1 FRANCE 5 GERMANY 5 ITALY 4 NORWAY 4 AUSTRIA 2 SWEDEN 7 UNITED KINGDOM 9 TURKEY 2 ISRAEL 1 SOUTH AFRICA 4 POLAND 0 CZECH REPUBLIC 0 RUSSIA 0 EGYPT 1

Region

3 1 0 1 1 2 4 3 1 7 1 4 12 5 5 3 1 1 3 1

Country



USA CANADA MEXICO CHILE BRAZIL

106 7 3 0 3

70 23 1 1 14

Americas

ASIA PACIFIC MSCI AUSTRALIA INDEX Additions ALS ALTIUM Page 1

Deletions ARISTOCRAT LEISURE ASTRO JAPAN PPTY GROUP MSCI Global Small Cap Indexes - May 12, 2015

© MSCI 2015, All rights reserved

AUSTAL AUSTRALIAN PHARMA IND ESTIA HEALTH GROWTHPOINT PROPERTIES IPH REGIS HEALTHCARE SELECT HARVESTS

MSCI JAPAN INDEX Additions DAIKYONISHIKAWA CORP KENEDIX RETAIL REIT KOBE BUSSAN CO METAWATER NIPPON GAS CO NIPPON PARKING DEV CO NOJIMA CORP ONCOTHERAPY SCIENCE SEKISUI HOUSE REIT SKYLARK TABUCHI ELECTRIC CO TECHNOPRO HOLDINGS WOWOW YAMATO KOGYO CO ZOJIRUSHI CORP

MSCI HONG KONG INDEX Additions BRIGHT SMART SECURITIES CASH FINL SERVICES GRP CGN MEIYA POWER HOLDINGS CGN MINING CO (HK) CHINA JINHAI INTL GROUP CHINA SMARTER ENERGY GRP FINSOFT CORP FREEMAN FINANCIAL CORP HANG FAT GINSENG HLDGS HUA HONG SEMICONDUCTOR HYBRID KINETIC IONE HOLDINGS KONG SUN HOLDINGS KUANGCHI SCIENCE REALORD GROUP HOLDINGS SHENYIN WANGUO HK SIMSEN INTL CORP SINCERE WATCH SUNCORP TECHNOLOGIES

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ATLAS IRON BC IRON DECMIL GROUP HILLS HORIZON OIL IMF BENTHAM LYNAS CORPORATION MACA MMA OFFSHORE MOUNT GIBSON IRON PROGRAMMED MAINTENANCE RCR TOMLINSON SKILLED GROUP STW COMMUNICATIONS SUNDANCE ENERGY AUS UGL UXC VOCATION LTD

Deletions ASAHI CO BROCCOLI CO CHIOME BIOSCIENCE DAIKOKU DENKI CO ENERES CO LTD FUSO PHARMACEUTICAL IND GAKKEN HOLDINGS CO HONEYS CO HOSOKAWA MICRON CORP JAPAN AIRPORT TERMINAL JP-HOLDINGS KINKI SHARYO CO NIHON TRIM CO NIPPON VALQUA INDUSTRIES ONOKEN CO PARIS MIKI HOLDINGS POCKET CARD CO PRONEXUS SANIX INCORPORATED SHIBUSAWA WAREHOUSE CO SWCC SHOWA HLDGS TAKAOKA TOKO CO TORISHIMA PUMP MFG CO UMN PHARMA VALUECOMMERCE CO WEATHERNEWS WEST HOLDINGS CORP YAMADA SXL HOME CO ZUIKO CORP

Deletions CENTURY CITY INTL DICKSON CONCEPTS INTL IRC SOUNDWILL HOLDINGS STELLA INTERNATIONAL

MSCI Global Small Cap Indexes - May 12, 2015


MSCI SINGAPORE INDEX Additions CHINA MERCHANTS HLDG KEPPEL DC REIT SIIC ENVIRONMENT HLDGS SPH REIT

MSCI NEW ZEALAND INDEX Additions ORION HEALTH GROUP

MSCI MALAYSIA INDEX Additions ECO WORLD DEV GRP HUME INDUSTRIES PRESTARIANG UEM SUNRISE

MSCI INDONESIA INDEX Additions BISI INTERNATIONAL HOLCIM INDONESIA INDO TAMBANGRAYA MEGAH LINK NET SAWIT SUMBERMAS TBK SEKAWAN INTIPRATAMA SRI REJEKI ISMAN

MSCI PHILIPPINES INDEX Additions PHILWEB CORP PREMIUM LEISURE SSI GROUP

MSCI TAIWAN INDEX Additions ASMEDIA TECHNOLOGY CHLITINA HOLDING CLEVO COMPANY FAR EAST DEPT STORES FARGLORY LAND DEV FORMOSA INTL HOTELS GINKO INTERNATIONAL GOLD CIRCUIT ELECTRONICS GREEN SEAL HOLDING KUNG LONG BATTERIES INDL MOMO.COM ORIENT SEMICONDUCTOR ELE SCINOPHARM TAIWAN SENAO NETWORKS SHUNSIN TECHNOLOGY HLDGS UNIMICRON TECHNOLOGY WALSIN LIHWA CORP

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Deletions CHARISMA ENERGY SERVICES CIVMEC DYNA MAC HOLDINGS GMG GLOBAL RAFFLES EDUCATION ROTARY ENGINEERING

Deletions KATHMANDU HOLDINGS SYNLAIT MILK THE A2 MILK COMPANY

Deletions ALAM MARITIM RESOURCES DKSH HOLDINGS GLOMAC HIBISCUS PETROLEUM IJM PLANTATIONS KIAN JOO CAN FACTORY MEDIA CHINESE INTL MUDAJAYA GROUP BHD NAIM HOLDINGS PERISAI PETROLEUM TEKNO RIMBUNAN SAWIT SARAWAK OIL PALMS BERHAD TH PLANTATIONS

Deletions ERAJAYA SWASEMBADA TBK GARUDA INDONESIA INDIKA ENERGY TBK PT INOVISI INFRACOM MNC SKY VISION TBK PT SEMEN BATURAJA PT SIGMAGOLD INTI PERKASA SUMMARECON AGUNG

Deletions RFM CORP

Deletions FENG TAY ENTERPRISE CO SHIHLIN ELECTRIC & ENGR SOUTHEAST CEMENT CO



MSCI KOREA INDEX Additions AGABANG&COMPANY ALUKO CO ASIA HOLDINGS BINEX CO CELLTRION PHARM COSON CO CS WIND DAEHAN NEW PHARM CO DAOU DATA CORP DEVSISTERS DONGWON DEVELOPMENT CO E TEC E&C EUGENE INVESTMENT & SEC FOOSUNG CO HANSOL PAPER CO (NEW) HIRONIC CO HITE JINRO CO HLB HUMEDIX HYUNDAI ROTEM INTRON BIOTECHNOLOGY ISC KCP CO KOREA CAST IRON PIPE IND KUMKANG KIND LUTRONIC MACROGEN NICE INFORMATION SERVICE OSANGJAIEL CO S&T HOLDINGS SAJO INDUSTRIES CO SAMHO INTERNATIONAL CO SAMYANG GENEX CO SHINYOUNG SECURITIES CO SKCKOLONPI SPIGEN KOREA TONGYANG CEMENT & ENERGY

MSCI THAILAND INDEX Additions BANGKOK AIRWAYS BEAUTY COMMUNITY CARABAO GROUP EASTERN POLYMER GROUP IMPACT GROWTH REIT INTER FAREAST ENGINEERNG MUANGTHAI LEASING PLAN B MEDIA PTG ENERGY SAMART I-MOBILE SCAN INTER THAI SOLAR ENERGY UNIQUE ENGR & CONST WORKPOINT ENTERTAINMENT

MSCI INDIA INDEX Additions AARTI INDUSTRIES AJANTA PHARMA ALSTOM T&D INDIA ASAHI INDIA GLASS BEML BLUE DART EXPRESS BOMBAY BURMAH TRADING CAPITAL FIRST CENTURY PLYBOARDS INDIA CERA SANITARYWARE CRISIL CROMPTON GREAVES DALMIA BHARAT DHANUKA AGRITECH Page 4

Deletions DUKSAN HI-METAL CO HANMI PHARM CO (NEW) MOORIM P&P CO

Deletions JAYMART TPI POLENE

Deletions BAJAJ FINANCE BALRAMPUR CHINI MILLS BHARAT FORGE BRITANNIA INDUSTRIES DCM SHRIRAM PMC FINCORP PRESTIGE ESTATES PROJECT TILAK FINANCE



EDELWEISS FINANCIAL SVCS EVEREADY INDUSTRIES FUTURE RETAIL HINDUSTAN CONSTRUCTION HITACHI HOME & LIFE SOLN INDOCO REMEDIES INGERSOLL-RAND INDIA ISGEC HEAVY ENGINEERING KALPATARU PWR TRANSM KANSAI NEROLAC PAINTS KITEX GARMENTS KRBL L AND T FINANCE HOLDINGS MARICO KAYA ENTERPRISES MOTILAL OSWAL FINL SVCS MUTHOOT FINANCE ORIENT CEMENT PERSISTENT SYSTEMS PTC INDIA FINANCIAL SVCS RATNAMANI METALS & TUBES RELIANCE INFRASTRUCTURE REPCO HOME FINANCE ROLTA INDIA SCHNEIDER ELECTRIC INFRA SHARDA CROPCHEM SHILPA MEDICARE SUVEN LIFE SCIENCES TATA COMMUNICATIONS TATA ELXSI TATA INVESTMENT CORP TEXMACO RAIL & ENGR TIMKEN INDIA UNION BANK OF INDIA VINATI ORGANICS WABCO INDIA WELSPUN INDIA ZENSAR TECHNOLOGIES

MSCI CHINA INDEX Additions AKM INDUSTRIAL CO AMVIG HOLDINGS AUSNUTRIA DAIRY CORP BAIOO FAMILY INTERACTIVE BAOXIN AUTO GROUP BEIJING URBAN CONSTRUC H BEST PACIFIC INTL HLDGS BROAD GREENSTATE INTL CANVEST ENVIRONMENTAL CHINA CITY RAILWAY TRANS CHINA MAPLE LEAF EDU CHINA NEW CITY COMM DEV CHINA NT PHARMA GROUP CHINA SILVER GROUP CHINA VANGUARD GRP (CN) CHINA WATER INDUSTRY GRP DA MING INTERNATIONAL DIFFER GROUP HOLDING ESSEX BIO-TECHNOLOGY FEIYU TECHNOLOGY INTL FOSHAN HUAXIN PACK B FULLSHARE HOLDINGS (CN) GENVON GROUP (CN) GUANGDONG YUEYU TRANSN H HUANGSHI DONGBEI ELECT B HYDOO INTERNATIONAL HLDG JICHENG UMBRELLA HLDGS KAMA CO B KINGBOARD CHEM HLDG (CN) LAUNCH TECH COMPANY H LEE & MAN PAPER MFG (CN) LEYOU TECHNOLOGIES HLDGS LVGEM CHINA REAL ESTATE Q TECHNOLOGY Page 5

Deletions ANXIN CHINA HLDGS ASIAN CITRUS HOLDINGS CENTURY GINWA RETAIL CHINA ASSURANCE FIN GRP CHINA ITS HOLDINGS CO CHINA NATL ACCORD MED B CHINA POWER INTL CHINA RUIFENG RENEWABLE CHINA SHANSHUI CEMENT GR CHINA TIAN LUN GAS HLDGS CHINA ZHONGSHENG RES GOLDIN PROPERTIES HLDGS JINCHUAN GROUP INTL (CN) JINMAO INV AND JCIHL MELCOLOT MINGFA GROUP INTL PETRO KING OILFIELD SVCS SHANGHAI JINGIANG INTL B SHANGHAI MECH & ELECT B SUNAC CHINA HOLDINGS TRAVELSKY TECHNOLOGY H XIAO NAN GUO RESTAURANTS YOUYUAN INTL HOLDINGS



SHANDONG XINHUA PHARMA H SHANGHAI AUTOMATION B SHANGHAI PRIME MACH H SHEEN TAI HLDGS GRP CO SHENZHEN INTL ENT B SHENZHEN NANSHAN POWER B WISON ENGINEERING SVCS XIABUXIABU CATERING MGMT YANGTZE OPTICAL FIBRE H

EUROPE, MIDDLE EAST AND AFRICA MSCI GREECE INDEX Additions HELLENIC PETROLEUM PUBLIC POWER CORP

MSCI UNITED ARAB EMIRATES INDEX Additions AMANAT HOLDINGS DUBAI PARKS & RESORTS

Deletions FRIGOGLASS GEK TERNA MARFIN INVESTMENT GROUP

Deletions AJMAN BANK

MSCI QATAR INDEX Additions MANNAI CORPORATION

Deletions None

MSCI BELGIUM INDEX Additions None

Deletions THROMBOGENICS

MSCI SWITZERLAND INDEX Additions BOBST GROUP CONZZETA INH FEINTOOL INTERNATIONAL KARDEX MOLECULAR PARTNERS SUNRISE COMMUNICATIONS YPSOMED HOLDING

MSCI SPAIN INDEX Additions SAETA YIELD

MSCI FRANCE INDEX Additions ADOCIA SAS CELLECTIS ELIS EURO DISNEY ID LOGISTICS GROUP

MSCI GERMANY INDEX Additions ADLER REAL ESTATE FERRATUM GFT TECHNOLOGIES HORNBACH BAUMARKT TLG IMMOBILIEN

MSCI ITALY INDEX Additions BANCA MONTE PASCHI BIESSE Page 6

Deletions VON ROLL HOLDING INHABER

Deletions CARBURES EUROPE REALIA BUSINESS

Deletions BENETEAU MAISONS FRANCE CONFORT S.O.I.T.E.C. TRANSGENE

Deletions CROPENERGIES H&R LPKF LASER & ELECTRONICS

Deletions BANCA PROFILO



LA DORIA RAI WAY

MSCI NORWAY INDEX Additions ENTRA PROTECTOR FORSIKRING SCATEC SOLAR XXL

MSCI AUSTRIA INDEX Additions IMMOFINANZ PORR A

MSCI SWEDEN INDEX Additions DUSTIN GROUP ELTEL GRANGES INWIDO LIFCO B MYCRONIC THULE GROUP

MSCI UNITED KINGDOM INDEX Additions AA COUNTRYWIDE FEVERTREE DRINKS HSS HIRE GROUP JIMMY CHOO JOHN LAING GROUP REDDE SKYEPHARMA VIRGIN MONEY HOLDINGS

MSCI TURKEY INDEX Additions AVIVASA EMEKLILIK VE PEGASUS HAVA TASIMACILIG

MSCI ISRAEL INDEX Additions REIT 1

MSCI SOUTH AFRICA INDEX Additions ASSORE PPC RHODES FOOD GROUP TRANSACTION CAPITAL

Deletions AMERICAN SHIPPING CO ARCHER AWILCO DRILLING A DEEP SEA SUPPLY KVAERNER ODFJELL DRILLING SONGA OFFSHORE

Deletions AMAG AUSTRIA METALL

Deletions ACTIVE BIOTECH HIQ INTERNATIONAL KLOVERN A NCC A

Deletions AFREN ANGLO PACIFIC GROUP BARRATT DEVELOPMENTS FIDESSA GROUP FLYBE GROUP HARGREAVES SERVICES IGAS ENERGY MONDI PLC (GB) MYSALE GROUP QUADRISE FUELS INTL SDL TAYLOR WIMPEY

Deletions ASYA KATILIM BANKASI KARTONSAN KARTON SANAYI MARDIN CIMENTO SANAYII SINPAS GAYRIMENKUL YATIR VAKIF GAYRIMENKUL YATIRI

Deletions AFRICA ISRAEL INVESTMENT AL-ROV (ISRAEL) ALROV PROPERTIES DISCOUNT INVESTMENT CORP JERUSALEM ECONOMY

Deletions HYPROP INVESTMENTS LTD MERAFE RESOURCES MONDI (ZA)

MSCI POLAND INDEX Page 7



Additions None

Deletions KOPEX

MSCI CZECH REPUBLIC INDEX Additions None

Deletions FORTUNA ENTERTAINMENT

MSCI RUSSIA INDEX Additions None

MSCI EGYPT INDEX Additions SIDI KERIR PETROCHEMICAL

Deletions OGK-2 (RUB) PHARMSTANDARD GDR TGK-1 (RUB)

Deletions MARIDIVE & OIL SERVICE

AMERICAS MSCI USA INDEX Additions AAC HOLDINGS INC ADVAXIS ALDER BIOPHARMACEUTICALS ALMOST FAMILY ALTISOURCE ASSET MGMT AMPHASTAR PHARMACEUTICAL ANI PHARMACEUTICALS ARISTA NETWORKS ATARA BIOTHERAPEUTICS AVON PRODUCTS BANC OF CALIFORNIA BARRACUDA NETWORKS BELLICUM PHARMACEUTICALS BIOTIME BOOT BARN HOLDINGS BOX A CARRIAGE SERVICES CIVITAS SOLUTIONS COHERUS BIOSCIENCES COLUMBIA PROPERTY TRUST CORCEPT THERAPEUTICS COVENANT TRANSPORT A CREE INC DAVE & BUSTER'S ENTMT DIPLOMAT PHARMACY EAGLE PHARMACEUTICALS EASTMAN KODAK ENTELLUS MEDICAL FIBROGEN FIVE PRIME THERAPEUTICS FMSA HOLDINGS FOSSIL GROUP FRESHPET GENESIS HEALTHCARE A GENWORTH FINANCIAL A GLOBALSTAR GREAT WESTERN BANCORP HABIT RESTAURANTS A HANNON ARMSTRONG HERITAGE INSURANCE HORTONWORKS HUBSPOT IGI LABORATORIES IMAX IMMUNE DESIGN CORP INC RESEARCH HOLDINGS A INFRAREIT INOGEN INOVALON HOLDINGS A INTERSECT ENT Page 8

Deletions ACELRX PHARMACEUTICALS ACUITY BRANDS AGILYSYS AKEBIA THERAPEUTICS ALNYLAM PHARMACEUTICALS ALPHA NATURAL RESOURCES ARCH COAL BRAVO BRIO RESTAURNT GRP BRIXMOR PROPERTY GROUP CAPSTONE TURBINE CO CDK GLOBAL HOLDINGS CENTENE CORP CHC GROUP COMSTOCK RESOURCES DYNAMIC MATERIALS CORP E*TRADE GROUP EHEALTH EMERALD OIL ENVISION HEALTHCARE EP ENERGY CORP EXONE CO EXTRA SPACE STORAGE FORTUNE BRANDS HOME & SE FREESCALE SEMICONDUCTOR FXCM A GALLAGHER (ARTHUR J.) GANNETT CO GARTNER GOLD RESOURCE CORP GOODRICH PETROLEUM CORP GOODYEAR TIRE & RUBBER GULF ISLAND FABRICATION GULFMARK OFFSHORE A HARMAN INTERNATIONAL IND HERCULES OFFSHORE INC ITT EDUCATIONAL SERVICES JONES LANG LASALLE LADDER CAPITAL CORP A LEAPFROG ENTERPRISES A LEAR CORP MAGNACHIP SEMICONDUCTOR MARIN SOFTWARE MAXWELL TECHNOLOGIES MCCLATCHY CO A MOLYCORP NORTHWEST PIPE CO ORION MARINE GROUP PACKAGING CORP OF AMER PARAGON OFFSHORE LIMITED PERFORMANT FINANCIAL MSCI Global Small Cap Indexes - May 12, 2015


JAMES RIVER GROUP HLDG JOY GLOBAL LION BIOTECHNOLOGIES MASONITE INTERNATIONAL MAVENIR SYSTEMS MERGE HEALTHCARE MERIDIAN BANCORP METALDYNE PERFORMANCE MICHAELS COS MIRATI THERAPEUTICS MULTIFINELINE NEVRO NMI HOLDINGS NOBLE CORP PLC NORCRAFT COS NORTHWEST BIOTHERAPEUTIC OCULAR THERAPEUTIX OM ASSET MANAGEMENT ORBCOMM OVASCIENCE OWENS-ILLINOIS PAM TRANSPORTATION SVCS PARAMOUNT GROUP PAYCOM SOFTWARE PRA HEALTH SCIENCES PROGENICS PHARMACEUTICAL QAD A QEP RESOURCES RAYONIER REGULUS THERAPEUTICS RETROPHIN RUBICON PROJECT SEACOAST BANKING CORP A SEQUENTIAL BRANDS GRP SHAKE SHACK A SMART & FINAL STORES SPARK THERAPEUTICS SPX CORP STATE NATIONAL COS STORE CAPITAL SUPERIOR ENERGY SERVICES SUPERNUS PHARMACEUTICALS THERAPEUTICSMD TILLY'S INC A TRAVELCENTERS OF AMERICA TRAVELPORT WORLDWIDE TUBEMOGUL UNITED INSURANCE HLDGS US CONCRETE VIRGIN AMERICA VIVINT SOLAR VSE CORP VWR WAYFAIR A XENIA HOTELS AND RESORTS ZULILY A

MSCI CANADA INDEX Additions DIRTT ENVIRONMENTAL SOLN FAIRFAX INDIA HOLDINGS GLENTEL INTERTAIN GROUP LTD(THE) KIRKLAND LAKE GOLD LOGISTEC CORP B NEW GOLD

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PETROQUEST ENERGY PREFORMED LINE PRODUCTS PUMA BIOTECHNOLOGY RESOLUTE ENERGY CORP RITE AID CORP RYERSON HOLDING CORP SEACHANGE INTERNATIONAL SEARS HOMETOWN OUTLET ST SERVISFIRST BANCSHARES SPLUNK SUNEDISON SWIFT ENERGY CO TWIN DISC INC UNITED THERAPEUTICS CORP VAALCO ENERGY VISHAY PRECISION GROUP WABCO WARREN RESOURCES WHITEWAVE FOODS CO A WILLBROS GROUP

Deletions ARGONAUT GOLD CAPSTONE INFRASTRUCTURE CEQUENCE ENERGY CONTINENTAL GOLD DELPHI ENERGY DHX MEDIA VV DIRECTCASH PAYMENTS ENDEAVOUR MINING ENDEAVOUR SILVER ESSENTIAL ENERGY SVCS GABRIEL RESOURCES ITHACA ENERGY LIGHTSTREAM RESOURCES A LONG RUN EXPLORATION MORGUARD NORTH AMER RESI MSCI Global Small Cap Indexes - May 12, 2015


PHX ENERGY SERVICES SAVANNA ENERGY SERVICES SILVERCORP METALS SPROTT RESOURCE TASEKO MINES TIMMINS GOLD CORP TWIN BUTTE ENERGY VERESEN

MSCI MEXICO INDEX Additions GENOMMA LAB INTERNACIONA GRUPO ROTOPLAS MINERA FRISCO

MSCI CHILE INDEX Additions None

MSCI BRAZIL INDEX Additions ARTERIS ON BRADESPAR PN GERDAU METALURGICA PN

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Deletions BIO PAPPEL SAB

Deletions MULTIEXPORT FOODS

Deletions BANCO PAN PN BANCO PINE PN BRASIL BROKERS PART ON BRASIL INS PARTICIPAC ON BRASIL PHARMA ON COMPANHIA PROVIDENCIA ON DIAGNOSTICOS AMERICA ON ETERNIT ON INTL MEAL COMP ALIMENT JHSF PARTICIPACOES ON PORTOBELLO ON TECHNOS ON TPI TRIUNFO PART ON VANGUARDA AGRO ON



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MSCI Small Cap Indexes List of Additions/Deletions

MSCI Small Cap Indexes List of Additions/Deletions

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