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Investor Presentaiton

International Equity in Russia Most institutional investors invest in a diverse basket of global securities. The Morgan Stanley All-Country World Index Investable Market Index (MSCI ACWI IMI) is a common institutional index that incorporates 99% of globally publicly traded equities. The index is diversified across 48 countries - 23 developed and 25 emerging market- and includes roughly 9,300 securities. The index is a reasonable proxy for many institutional investor portfolios: # Country MSCI ACWI IMI # Country MSCI ACWI IMI MSCI Cumulative # Country Russian Sectors (GICs) %/Total ACWI IMI Total 1 United States 58.3% 11 India 1.6% 21 Saudi Arabia 0.4% Energy 51.1% 51.1% 2 Japan 5.9% 12 South Korea 1.4% 22 South Africa 0.4% Materials 18.3% 69.3% 3 United Kingdom 4.2% 13 Netherlands 1.2% 23 Singapore 0.4% Financials 16.6% 85.9% 4 China 3.1% 14 Sweden 1.0% 24 Finland 0.3% Communication Services 8.0% 93.9% 5 Canada 3.1% 15 Hong Kong 0.9% 25 Russia 0.3% Consumer Staples 3.2% 97.1% 6 Switzerland 2.7% 16 Ireland 0.9% 26 Israel 0.3% Utilities 1.3% 98.4% 7 France 2.6% 17 Denmark 0.6% 27 Belgium 0.3% Consumer Discretionary 0.7% 99.0% 8 Germany 2.1% 18 Spain 9 Taiwan 1.9% 19 Italy 0.6% 28 Norway 0.6% 29 Mexico 0.2% Industrials 0.6% 99.6% 0.2% Health Care 0.2% 99.8% 10 Australia 1.8% 20 Brazil 0.6% Remaining 1.9% Real Estate 0.2% 100.0% Cumulative Totals: 85.8% 95.2% 100.0% THE ALAT THE STATE ALASKA Governor Mike Dunleavy https://www.msci.com/www/index-factsheets/msci-acwi-imi/09234846 7
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