REG-MORGAN STANLEY FRN Variable Rate Fix

LONDON--(Business Wire)--

As Agent Bank, please be advised of the following rate determined on: 14/07/09
Issue | Morgan Stanley - Series G - EUR 1,750,000,000 FRN due 16 Jan 2017

ISIN Number | XS0282583722
ISIN Reference | 28258372
Issue Nomin EUR | 1,750,000,000
Period | 16/07/09 to 16/10/09 Payment Date 16/10/09
Number of Days | 92
Rate | 1.405
Denomination EUR | 50,000 | 1,708,850,000 |

Amount Payable per Denomination | 179.53 | 6,135,720.86 |

Bank of New York
Rate Fix Desk Telephone | 44 1202 689580
Corporate Trust Services Facsimile | 44 1202 689601

MORGAN STANLEY

Copyright Business Wire 2009