Morgan Stanley Asia - Notice to Warrant Holders

RNS Number:2783M
Morgan Stanley Asia Products Ltd
22 January 2008

NOTICE TO WARRANT HOLDERS

10,000,000 American Style Cash Settled Call Warrants due 9 October 2009 relating
to

local ordinary shares of Suzlon Energy Limited

(Series No. I080) (the "Warrants")

issued by Morgan Stanley Asia Products Limited (the "Issuer")

Common Code: 027190588 ISIN: KYG626187267

We refer to an announcement in which Suzlon Energy Limited (the "Company")
declared a stock split effective as of 21 January 2008 (the "Ex-Date").

In accordance with Condition 17(c)(i) of the terms and conditions of the
Warrants, effective from the Ex-Date, Morgan Stanley & Co. International plc
(formerly known as Morgan Stanley & Co. International Limited), as the
Calculation Agent in respect of the Warrants, has determined that the Ratio (as
defined in Paragraph 18 of the Final Terms) of the Warrants shall be adjusted in
accordance with the Potential Adjustment Event provisions of the Warrants to
reflect the stock split. With effect from the Ex-Date, the Ratio shall be
adjusted from the figure of "One Warrant Per Share" to the figure of "One
Warrant Per Five Shares".

This notice is given by the Calculation Agent in accordance with Conditions 10
and 17(c)(i) of the terms and conditions of the Warrants.

Morgan Stanley & Co. International plc

22 January 2008

J & E Davy Damien Butler

Listing Agent + 353 1 614 8933

NOTICE TO WARRANT HOLDERS

336,200 American Style Unitary Cash Settled Call Warrants due 23 March 2008
relating to

local ordinary shares of Suzlon Energy Limited

(Series No. I263) (the "Warrants")

issued by Morgan Stanley Asia Products Limited (the "Issuer")

Common Code: 032349986 ISIN: US61751L3463

We refer to an announcement in which Suzlon Energy Limited (the "Company")
declared a stock split effective as of 21 January 2008 (the "Ex-Date").

In accordance with Condition 17(c)(i) of the terms and conditions of the
Warrants, effective from the Ex-Date, Morgan Stanley & Co. International plc, as
the Calculation Agent in respect of the Warrants, has determined that the Ratio
(as defined in Paragraph 23 of the Final Terms) of the Warrants shall be
adjusted in accordance with the Potential Adjustment Event provisions of the
Warrants to reflect the stock split. With effect from the Ex-Date, the Ratio
shall be adjusted from the figure of "One Warrant Per Share" to the figure of "
One Warrant Per Five Shares".

This notice is given by the Calculation Agent in accordance with Conditions 11
and 17(c)(i) of the terms and conditions of the Warrants.

Morgan Stanley & Co. International plc

22 January 2008

J & E Davy Damien Butler

Listing Agent + 353 1 614 8933

NOTICE TO WARRANT HOLDERS

3,799,726 American Style Cash Settled Call Warrants due 22 October 2012 relating
to

local ordinary shares of Suzlon Energy Limited

(Series No. I341) (the "Warrants")

issued by Morgan Stanley Asia Products Limited (the "Issuer")

Common Code: 032801889 ISIN: KYG6263X1097

We refer to an announcement in which Suzlon Energy Limited (the "Company")
declared a stock split effective as of 21 January 2008 (the "Ex-Date").

In accordance with Condition 17(c)(i) of the terms and conditions of the
Warrants, effective from the Ex-Date, Morgan Stanley & Co. International plc, as
the Calculation Agent in respect of the Warrants, has determined that the Ratio
(as defined in Paragraph 19 of the Final Terms) of the Warrants shall be
adjusted in accordance with the Potential Adjustment Event provisions of the
Warrants to reflect the stock split. With effect from the Ex-Date, the Ratio
shall be adjusted from the figure of "One Warrant Per Share" to the figure of "
One Warrant Per Five Shares".

This notice is given by the Calculation Agent in accordance with Conditions 10
and 17(c)(i) of the terms and conditions of the Warrants.

Morgan Stanley & Co. International plc

22 January 2008

J & E Davy Damien Butler

Listing Agent + 353 1 614 8933

NOTICE TO WARRANT HOLDERS

3,799,726 American Style Unitary Cash Settled Call Warrants due 22 October 2012
relating to

local ordinary shares of Suzlon Energy Limited

(Series No. I371) (the "Warrants")

issued by Morgan Stanley Asia Products Limited (the "Issuer")

Common Code: 032793592 ISIN: US61751L6680

We refer to an announcement in which Suzlon Energy Limited (the "Company")
declared a stock split effective as of 21 January 2008 (the "Ex-Date").

In accordance with Condition 17(c)(i) of the terms and conditions of the
Warrants, effective from the Ex-Date, Morgan Stanley & Co. International plc, as
the Calculation Agent in respect of the Warrants, has determined that the Ratio
(as defined in Paragraph 23 of the Final Terms) of the Warrants shall be
adjusted in accordance with the Potential Adjustment Event provisions of the
Warrants to reflect the stock split. With effect from the Ex-Date, the Ratio
shall be adjusted from the figure of "One Warrant Per Share" to the figure of "
One Warrant Per Five Shares".

This notice is given by the Calculation Agent in accordance with Conditions 11
and 17(c)(i) of the terms and conditions of the Warrants.

Morgan Stanley & Co. International plc

22 January 2008

J & E Davy Damien Butler

Listing Agent + 353 1 614 8933

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

This information is provided by RNS
The company news service from the London Stock Exchange
END

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