Morgan Stanley To Open Office in Poland

London —

Morgan Stanley (NYSE: MS) announced today that it will open an investment banking office in Warsaw.

The new office - to be opened by the end of 2010 once regulatory approvals have been secured - will offer Morgan Stanley clients in Poland and the surrounding region easier access to international capital markets and corporate advisory services. The office will be headed by Marcin Socha, an Executive Director with responsibility for Morgan Stanley's investment banking business in Poland. 

In addition, Morgan Stanley will become a member of the Warsaw Stock Exchange to facilitate direct access to trading in Polish securities for our clients.

"Warsaw is fast establishing itself as a leading financial centre in Central and Eastern Europe. As it opens up to global capital markets, there is considerable demand from Polish clients for investment banking and capital raising solutions, and Morgan Stanley, with its global franchise, network and capabilities, is uniquely placed to deliver such solutions," said Franck Petitgas, Global Co-Head of Investment Banking.

"The strong economic fundamentals of Poland, which was the only major European country to avoid recession last year, is a compelling achievement and underlines our commitment to this important market," added Mr. Petitgas.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Media Relations Contact: Michael Wang, +44-20-7425-2094