Morgan Stanley to Advise U.S. Department of the Treasury Regarding Fannie Mae and...

Morgan Stanley to Advise U.S. Department of the Treasury Regarding Fannie Mae and Freddie Mac

NEW YORK--(Business Wire)--
Morgan Stanley (NYSE: MS) confirmed today that it has been
retained by the United States Department of the Treasury to provide
capital markets advice to support the Treasury's responsibilities
associated with its new authorities regarding Fannie Mae and Freddie
Mac. As part of that assignment, Morgan Stanley will support the
Treasury's work to promote market stability and the availability of
mortgage credit.

Morgan Stanley Chairman and Chief Executive Officer John J. Mack
said, "Morgan Stanley is honored to have been asked to serve as
financial advisor to the U.S. Treasury as it evaluates various
alternatives for Fannie Mae and Freddie Mac. We are pleased to be able
to offer our services to the government and look forward to working
with Secretary Paulson and his team as they work to restore stability
to the global capital markets and confidence in the U.S. housing
market."

Morgan Stanley will accept no fees for this assignment and will
receive only $95,000 from the Government toward its expenses.

Morgan Stanley is a leading global financial services firm
providing a wide range of investment banking, securities, investment
management and wealth management services. The Firm's employees serve
clients worldwide including corporations, governments, institutions
and individuals from more than 600 offices in 33 countries. For
further information about Morgan Stanley, please visit
www.morganstanley.com.

Morgan Stanley
Media Relations:
Jeanmarie McFadden, 212-762-6901
or
Marie Ali, 212-762-6884

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