MSCI, S&P Launch Security Classification Product

June 29, 2001 ( - MSCI and Standard & Poor's plan to introduce GICS Direct, a jointly developed and marketed product that will provide the investment community with worldwide security classifications in accordance with the Global Industry Classification Standard (GICS).

The product will provide more than 19,000 company (22,000 securities) GICS classifications worldwide. It will also include commonly used security identifiers such as CUSIPs, SEDOLs and country codes.

Future Plans

MSCI and Standard & Poor’s will continue to expand the universe of companies and securities classified, incorporating them in the GICS Direct product, which will be available directly to subscribers via daily or monthly files.

In the future GICS Direct will also be made available via financial information vendors.

The GICS facilitates industry analysis by classifying companies at four different levels — sectors, industry groups, industries and sub-industries.

For a detailed description of the GICS, you can check out the Standard and Poor’s web site at or the MSCI web site at .