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MSCI Announces Sale Of CFRA

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today that it has entered into a definitive agreement to sell its CFRA business, a leading provider of forensic accounting research, to a private investor for an undisclosed purchase price. The transaction is expected to close within the next two months, subject to customary closing conditions.

CFRA is included within MSCI’s Governance business segment for financial reporting purposes. The transaction is not expected to have a material impact on MSCI’s results of operations.

Davis Polk & Wardwell LLP acted as legal advisers to MSCI.

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; IPD real estate information, indices and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; ISS governance research and outsourced proxy voting and reporting services; and FEA valuation models and risk management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world. MSCI#IR

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

For further information on MSCI, please visit www.msci.com

About CFRA

Founded as the Center for Financial Research and Analysis (“CFRA”) in 1994, CFRA is a global independent research business that provides forensic accounting, earnings quality, and legal research and solutions to institutional investors, underwriters, and other financial institutions. CFRA is a recognized leader in Forensic Accounting Research and develops unique exception-based research products that help clients sift through the noise and assess the quality of inputs into their models and processes. The business will continue to operate under the “CFRA” brand.

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