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n Japan by Morgan Stanley MUFG Securities Ca, Ltd and, for Cormedities related research reports only. Morgan Stanley Capital Group Japan Co., Ud; in Hang Kong by Morgan Staley Asia United (which may's respasititity for its conteds) at by Balk Morgan Staley AG. Hong Kong Branch in Singapore by Morgan Stanl
ponsibility for its contents art should be contacted with respect to any matters arising Iran, a in connection with. Morgan Stanley Research) and by Bank Morgan Stanley AG. Singapore Branch (Registration number 711FC0207e); in Australia to "wholesale clients" within the meaning of the Australian Corporations Act by Mor
nstniments. MSTL may not execute transactions for clients in these securities/instruments. To our readers in Hong Kong: Information is distributed in Hong Kong by and on behalf ol. and is attributable to. Morgan Stanley Asia Limited as part of its regulated activities in Hong Kong. II you have any queries co
eports only. Morgan Stanley Capital Grow Japan Co.. :yr one Kong Morgan Stanley Asia Limited (which accepts responsbifity for its contents) and by Bank Morgan Stanley AG. -Hong Kong Branch: II Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration number 1992062982) anclor Morgan Stanley Asia (Singapore) Sec
instruments MSTL may not execute transactions for clients in these securities/instruments. To our readers in Hong Kong: Information is distributed in Hong Kong by and on behalf ol. and is attributable to. Morgan Stanley Asia Limited as part of its regulated activities in Hong Kong. II you have any queries co
ports only. Morgan Stanley Capital Grow Japan Co.. : riHong Kong Morgan Stanley Asia Limited (which accepts responsbifity for its contents) and by Bank Morgan Stanley AG. -Hong Kong Branch: II Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration number 1992062982) andor Morgan Stanley Asia (Singapore) Secu
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