Morgan Stanley

Chief Legal Officer Donald G. Kempf, Jr. to Retire After Successor Is Named

Jun 3, 2005

New York —

Morgan Stanley (NYSE: MWD) confirmed today that Donald G. Kempf Jr., the Firm's chief legal officer, has announced his intention to retire from the Firm. Mr. Kempf, who has served as chief legal officer since 1999, will remain in that position until a successor is named and with the firm until an orderly transition is completed.

Morgan Stanley Chairman and Chief Executive Officer Philip J. Purcell thanked Mr. Kempf for his "strong leadership and distinguished service to the firm."

Mr. Kempf said: "It has been an honor and a privilege for me to have served Morgan Stanley as chief legal officer for the past six years."

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.