Through the stock purchase plan, employees may elect to buy Morgan Stanley stock at a discount:

• Enroll in the plan at any time during the year.
• Contribute up to 50% from your salary, bonus and/or commissions, up to $22,500 per year.
• Receive a 10% discount on the monthly purchase of Morgan Stanley stock.

To learn more, employees can type espp/ in a Firm browser or call 800-470-0999.