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Morgan Stanley Statement on Stress Test Results

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NEW YORK--([ ])--Morgan Stanley (NYSE: MS) confirmed today that it received no objection from the Federal Reserve Board to its 2012 capital plan, including the potential cash acquisition of an additional 14 percent of Morgan Stanley Smith Barney and ongoing payment of current common and preferred dividends.

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 43 countries. For further information about Morgan Stanley, please visit [ www.morganstanley.com ].