Morgan Stanley to Hold Annual Shareholders Meeting on April 4

New York —

Morgan Stanley (NYSE: MS) will conduct its annual meeting of shareholders on Tuesday, April 4th at 9:00 am EST at our Global Wealth Management headquarters at 2000 Westchester Avenue, Purchase, New York. The meeting will be available via webcast at www.morganstanley.com or by dialing 1-866-543-6407 (passcode 71111485) in the United States. International callers can dial 1-617-213-8898 (passcode 71111485). An on-demand 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. A replay of the call will be available through April 11, 2006. To listen to the playback dial: 1-888-286-8010 (passcode 39219368) within the United States, or 1-617-801-6888 (passcode 39219368) internationally.

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 30 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations.

To access the webcast and presentation, please click here.