MSCI INC

Ticker: MSCI CUSIP: 55354G100 Class: COM

ValueAct Holdings, L.P.'s Holding History (CIK: 0001418814)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 1,300,900 Value ($000) $100,325 Avg Close $68.20 Range $64.53 - $72.07

Q1 2016

Shares 4,060,900 Value ($000) $300,831 Avg Close $62.13 Range $55.76 - $67.42

Q4 2015

Shares 6,327,311 Value ($000) $456,389 Avg Close $59.89 Range $50.84 - $65.87

Q3 2015

Shares 9,309,311 Value ($000) $553,532 Avg Close $56.21 Range $51.59 - $61.32

Q2 2015

Shares 9,308,960 Value ($000) $572,966 Avg Close $55.18 Range $53.32 - $56.94

Q1 2015

Shares 9,308,960 Value ($000) $570,732 Avg Close $49.49 Range $41.44 - $54.55

Q4 2014

Shares 9,308,960 Value ($000) $441,617 Avg Close $41.43 Range $36.45 - $43.46

Q3 2014

Shares 9,308,960 Value ($000) $437,707 Avg Close $40.78 Range $38.59 - $45.84

Q2 2014

Shares 9,341,288 Value ($000) $428,298 Avg Close $37.97 Range $35.51 - $40.45

Q1 2014

Shares 8,133,117 Value ($000) $349,887 Avg Close $38.46 Range $35.08 - $40.92

Q4 2013

Shares 7,454,117 Value ($000) $325,894 Avg Close $37.11 Range $33.62 - $40.06

Q3 2013

Shares 7,394,017 Value ($000) $297,683 Avg Close $32.94 Range $29.49 - $36.39

Q2 2013

Shares 6,200,622 Value ($000) $206,295 Avg Close $29.77 Range $27.90 - $31.56

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	1,300,900	$100,325	$68.20	$64.53 - $72.07
Q1 2016	4,060,900	$300,831	$62.13	$55.76 - $67.42
Q4 2015	6,327,311	$456,389	$59.89	$50.84 - $65.87
Q3 2015	9,309,311	$553,532	$56.21	$51.59 - $61.32
Q2 2015	9,308,960	$572,966	$55.18	$53.32 - $56.94
Q1 2015	9,308,960	$570,732	$49.49	$41.44 - $54.55
Q4 2014	9,308,960	$441,617	$41.43	$36.45 - $43.46
Q3 2014	9,308,960	$437,707	$40.78	$38.59 - $45.84
Q2 2014	9,341,288	$428,298	$37.97	$35.51 - $40.45
Q1 2014	8,133,117	$349,887	$38.46	$35.08 - $40.92
Q4 2013	7,454,117	$325,894	$37.11	$33.62 - $40.06
Q3 2013	7,394,017	$297,683	$32.94	$29.49 - $36.39
Q2 2013	6,200,622	$206,295	$29.77	$27.90 - $31.56