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MSCI Completes Acquisition of IPD Group



  MSCI Completes Acquisition of IPD Group

Business Wire

LONDON -- November 30, 2012

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support
tools worldwide, announced today that its subsidiary, MSCI Limited, has
completed its acquisition of IPD Group Limited.

"The closing of the IPD acquisition marks a significant step forward in our
ambition to provide investment decision support tools to institutional
investors across all major asset classes,” said Henry Fernandez, Chairman and
CEO, MSCI Inc. “The acquisition of IPD greatly expands our coverage of private
markets globally by adding the largest provider of commercial real estate
information, indices and analytics. We are excited to pursue the tremendous
growth opportunities that IPD brings.”

About MSCI

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 with close to
USD 7 trillion estimated to be benchmarked to them on a worldwide basis^1;
Barra multi-asset class factor models, portfolio risk and performance
analytics; RiskMetrics multi-asset class market and credit risk analytics;
MSCI ESG (environmental, social and governance) Research screening, analysis
and ratings; 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. MSCIIR#

^1As of March 31, 2012, as published by eVestment, Lipper and Bloomberg in
September 2012

For further information on MSCI, please visit our web site at www.msci.com

About IPD

IPD is a global real estate information business operating in 32 countries.
With more than 320 employees it provides institutional investors, fund
managers, occupiers, lenders, advisors and researchers with objective
benchmarks and market indices. Its detailed databases cover some USD 1.4
trillion of property investments. IPD was founded in London in 1985.

For further information on IPD, please visit www.ipd.com

This document and all of the information contained in it, including without
limitation all text, data, graphs, charts (collectively, the “Information”) is
the property of MSCI Inc. or its subsidiaries (collectively, “MSCI”), or
MSCI’s licensors, direct or indirect suppliers or any third party involved in
making or compiling any Information (collectively, with MSCI, the “Information
Providers”) and is provided for informational purposes only. The Information
may not be reproduced or redisseminated in whole or in part without prior
written permission from MSCI.

The Information may not be used to create derivative works or to verify or
correct other data or information. For example (but without limitation), the
Information may not be used to create indices, databases, risk models,
analytics, software, or in connection with the issuing, offering, sponsoring,
managing or marketing of any securities, portfolios, financial products or
other investment vehicles utilizing or based on, linked to, tracking or
otherwise derived from the Information or any other MSCI data, information,
products or services.

The user of the Information assumes the entire risk of any use it may make or
permit to be made of the Information. NONE OF THE INFORMATION PROVIDERS MAKES
ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RESPECT TO THE
INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF), AND TO THE
MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH INFORMATION PROVIDER
EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY
IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT,
COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) WITH
RESPECT TO ANY OF THE INFORMATION.

Without limiting any of the foregoing and to the maximum extent permitted by
applicable law, in no event shall any Information Provider have any liability
regarding any of the Information for any direct, indirect, special, punitive,
consequential (including lost profits) or any other damages even if notified
of the possibility of such damages. The foregoing shall not exclude or limit
any liability that may not by applicable law be excluded or limited, including
without limitation (as applicable), any liability for death or personal injury
to the extent that such injury results from the negligence or wilful default
of itself, its servants, agents or sub-contractors.

Information containing any historical information, data or analysis should not
be taken as an indication or guarantee of any future performance, analysis,
forecast or prediction. Past performance does not guarantee future results.

None of the Information constitutes an offer to sell (or a solicitation of an
offer to buy), any security, financial product or other investment vehicle or
any trading strategy.

MSCI’s indirect wholly-owned subsidiary Institutional Shareholder Services,
Inc. (“ISS”) is a Registered Investment Adviser under the Investment Advisers
Act of 1940. Except with respect to any applicable products or services from
ISS (including applicable products or services from MSCI ESG Research
Information, which are provided by ISS), none of MSCI’s products or services
recommends, endorses, approves or otherwise expresses any opinion regarding
any issuer, securities, financial products or instruments or trading
strategies and none of MSCI’s products or services is intended to constitute
investment advice or a recommendation to make (or refrain from making) any
kind of investment decision and may not be relied on as such.

The MSCI ESG Indices use ratings and other data, analysis and information from
MSCI ESG Research. MSCI ESG Research is produced by ISS or its subsidiaries.
Issuers mentioned or included in any MSCI ESG Research materials may be a
client of MSCI, ISS, or another MSCI subsidiary, or the parent of, or
affiliated with, a client of MSCI, ISS, or another MSCI subsidiary, including
ISS Corporate Services, Inc., which provides tools and services to issuers.
MSCI ESG Research materials, including materials utilized in any MSCI ESG
Indices or other products, have not been submitted to, nor received approval
from, the United States Securities and Exchange Commission or any other
regulatory body.

Any use of or access to products, services or information of MSCI requires a
license from MSCI. MSCI, Barra, RiskMetrics, ISS, CFRA, FEA, and other MSCI
brands and product names are the trademarks, service marks, or registered
trademarks of MSCI or its subsidiaries in the United States and other
jurisdictions. The Global Industry Classification Standard (GICS) was
developed by and is the exclusive property of MSCI and Standard & Poor’s.
“Global Industry Classification Standard (GICS)” is a service mark of MSCI and
Standard & Poor’s.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements relate
to future events or to future financial performance and involve known and
unknown risks, uncertainties and other factors that may cause MSCI’s actual
results, levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance, or
achievements expressed or implied by these forward-looking statements. In some
cases, you can identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," or "continue", or the negative of these
terms or other comparable terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond MSCI’s control
and that could materially affect actual results, levels of activity,
performance, or achievements. Such risks, uncertainties and factors include,
but are not limited to: the risk that a condition to closing of the proposed
acquisition of IPD may not be satisfied; the failure to consummate or delay in
consummating the proposed acquisition for other reasons; MSCI’s ability to
achieve the synergies and value creation contemplated by the proposed
acquisition; MSCI’s ability to promptly and effectively integrate IPD’s
business; and the diversion of management time on acquisition-related issues.

Other factors that could materially affect MSCI’s actual results, levels of
activity, performance or achievements can be found in MSCI's Annual Report on
Form 10-K for the fiscal year ended December 31, 2011 and filed with the
Securities and Exchange Commission (SEC) on February 29, 2012, and in MSCI’s
quarterly reports on Form 10-Q and current reports on Form 8-K filed with the
SEC. If any of these risks or uncertainties materialize, or if MSCI’s and
IPD’s underlying assumptions prove to be incorrect, actual results may vary
significantly from what we projected. Any forward-looking statement in this
release reflects MSCI’s and IPD’s current views with respect to future events
and is subject to these and other risks, uncertainties and assumptions
relating to MSCI’s and IPD’s operations, results of operations, growth
strategy and liquidity. MSCI and IPD assume no obligation to publicly update
or revise these forward-looking statements for any reason, whether as a result
of new information, future events, or otherwise.

Contact:

MSCI Inc.
MSCI, New York
Edings Thibault, + 1 212-804-5273
or
Media Enquiries
MSCI, London
Jo Morgan, + 44.20.7618.2224
or
IPD, London
Christina Cudworth, + 44.20.7336.9312
or
MSCI, New York
Kristin Meza, + 1 212-804-5330
or
MHP Communications, London
Sally Todd | Christian Pickel, + 44.20.3128.8515
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