Cuba Screen - RiskMetrics Group Online User Resources - MSCI

Global Sanctions MethodologyCuba ScreenOctober 2014Cuba - Totalinvestment in Cubagreater than USD20million in one yearCuba - Involvement inMineral ExtractionCuba - Involvement inNatural Gas /Petroleum SectorCuba - Involvement inPower ProductionActivitiesCuba – Provision ofMilitary EquipmentCUBA_INV_GREATER_20CUBA_INV_MIN_EXTCUBA_INV_NAT_GASCUBA_INV_POW_PRODCUBA_MILITARY_EQUIPThe company's total investment in Cuba is greaterthan USD $20 million in one year.Company is involved in mineral extraction activities,including, but not limited to: exploring, extracting,processing, and transporting.Company is involved in the natural gas or petroleumsector, including, but not limited to: exporting,extracting, producing, refining, processing, exploringfor, transporting, selling, or trading oil.Company is involved in power production activitieswhose purpose is to facilitate power generation anddelivery, including, but not limited to: establishingpower-generating plants or hydroelectric dams, andselling or installing components for such projects.Company has sold or distributed military equipmentto any party based in Cuba.Cuba - Pay for Mineral/ Energy rightsCuba - PropertyOwnershipCUBA_PAY_GOVT_MIN_ENERGYCUBA_PROPERTYCompany pays the Cuban government for accessrights to mineral or energy resources.Company owns/controls property in Cuba.Cuba - State Owned CUBA_STATE_ OWNED Cuban government, or any government-ownedentity, owns a 5% or greater stake in the company.Step 3The third step, if necessary, is to exclude companies from restricted lists if they have certain positive oroff-setting involvement with Cuba. MSCI ESG Research tracks the following positive or off-settingfactors:Factor Name Column Header DescriptionCuba - PromoteHealth, Education,Journalism, Religion(Positive Indicator)Cuba - Humanitarianefforts (PositiveIndicator)CUBA_HLTH_ED_JL_RELCUBA_ HUMANITARIANCompany whose operations in Cuba relate to thetransfer of information (including, but not limited to:books, newspapers and the Internet), the provisionof medicine/healthcare, or the propagation of anyreligious or philosophical belief system.Company whose primary operations in Cuba arerelated to food/medicine/human services, all ofwhich are provided to the population with minimalor no cost.MSCI ESG Research© 2014 MSCI Inc. All rights reserved.Please refer to the disclaimer at the end of this document6 of 8msci.com