Morgan Stanley to Webcast Annual Shareholders Meeting

New York, March 8, 2005 — Morgan Stanley (NYSE: MWD) will conduct its annual meeting of shareholders on Tuesday, March 15th at 2:00 pm CST at 2500 Lake Cook Road, Riverwoods, Illinois. A live and on-demand webcast will be available. The ondemand webcast will be available the day after the meeting for a period of ten days. To access the webcast, please go to the Investor Relations Presentations section at www.morganstanley.com.

Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.

To access the webcast and presentation please click here.