Morgan Stanley

Morgan Stanley to Voluntarily Delist from NYSE Arca, Formerly Known as the Pacific Exchange, Inc.

Sep 19, 2006

New York —

Morgan Stanley (NYSE: MS) today announced plans to voluntarily withdraw its common stock from listing on NYSE Arca, Inc., formerly known as the Pacific Exchange, Inc., to reduce expenses and regulatory and administrative burdens. Morgan Stanley's common stock will continue to trade on the New York Stock Exchange.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit