MSCI Barra is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Barra products include indices and portfolio risk and performance analytics for use in managing equity, fixed income and multi-asset class portfolios. Our goal is to leverage our deep understanding of the world's financial markets to turn data-driven insights into tools that our clients can use to meet their investment process needs.

MSCI and Barra joined together in 2004 when MSCI acquired Barra to create a combined family of companies. Together, we continue to meet increasingly complex client needs, create groundbreaking new products, and offer superior global distribution and support.

MSCI Barra calculates over 100,000 equity, REIT and hedge fund indices daily. Since MSCI global equity benchmarks were first launched over 35 years ago, estimated assets benchmarked to MSCI indices have grown to over USD 3 trillion. In addition to benchmarking and performance measurement, MSCI indices are increasingly being integrated into other areas of our clients' investment processes such as research and asset allocation, and used as the basis of derivative products.

Barra models and risk and return portfolio analytics, which cover 56 equity and 46 fixed income markets, set the industry standard in financial risk management for the world's largest asset management firms. Since Barra's inception in 1975, ongoing product development has ensured its financial models and analytics continue to provide insight into the risks behind investment decisions.

Our market-leading brands are trusted by the world's foremost investment organizations:

• MSCI Indices: Used by over 2200 clients including the 10 largest asset managers*
• Barra Risk Models & Portfolio Analytics : Used by over 900 clients including the 10 largest asset managers*

MSCI Barra 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.

* Source: 10 largest asset managers, measured by assets under management, as published by Nelson MarketPlace in April 2008, compared to MSCI Barra client list