MSCI Inc. Reports Record Revenues for Third Quarter 2008.

NEW YORK -- MSCI Inc. (NYSE: MXB), a leading global provider of investment decision support tools, including indices and portfolio risk and performance analytics, today announced results for the third quarter and nine months ended August 31, 2008.

(Note: Percentage changes are referenced to the comparable period in fiscal year 2007, unless otherwise noted.)

* Operating revenues increased 19.5% to a record $110.4 million in third quarter 2008 and 20.6% to $323.5 million for the first nine months of fiscal 2008 (year to date 2008).

* Adjusted EBITDA increased 26.9% to a record $51.3 million in third quarter 2008 for an adjusted EBITDA margin of 46.4% and increased 33.1% to $146.3 million for an adjusted EBITDA margin of 45.2% for year to date 2008. See Tables 9 and 14 each titled "Reconciliation of Adjusted EBITDA to Net Income."

* Net income decreased 11.7% to $18.9 million ($0.19 per diluted share) in third quarter 2008 for a net income margin of 17.1% and decreased 11.8% to $55.4 million for year to date 2008 for a net income margin of 17.1%. Please see "Factors Impacting Comparability of Our Financial Results" on page 2.

Henry A. Fernandez, Chairman and CEO, said "Our third quarter revenue growth of 19.5% compared to third quarter 2007 reflects the strong market position of our investment management tools coupled with our ability to add new clients globall...

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