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d is directed al business customers and market counterparties only and is not intended for Retail Customers as defined by the OFCRA. As required by the Capital Markets Board of Turkey, investment information. comments and recommendations stated here. are not within the scope of investment advisory activity. Investment advisory ser
1505; Tokyo +81 (0)16836.9000. Alternatively you may contact your investment representative or Morgan Stanley Research at 1585 Broadway. (Attention: Research Management). New York. NY 10036 USA. Analyst Certification The following analysts hereby certify that their views about the companies and their securities dis
d is directed al business customers and market tounterporties only and is not intended for Retail Customers as defined by the OFCRA. As required by the Capital Markets Board of Turkey, investment information comments and recommendations stated here. are not within the scope of investment advisory activity. Investment advisory serv
-1505; Tokyo +81 (0)3.6836-9000. Mtematively you may contact your investment representative or Morgan Stanley Research at 1585 Broadway. (Attention: Research Management). New York. NY 10036 USA. Analyst Certification The following analysts hereby certify that their views about the companies and their securities dis
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site at www.morganstanley.com/researchdisclosures, or contact your investment representative or Morgan Stanley Research at 1585 Broadway, (Attention: Research Management), New York, NY, 10036 USA. For valuation methodology andrisks associated with any recommendation, rating or price target referencedin this research
Page: HOUSE_OVERSIGHT_025583 →nd is directed at business customers and market counterparties only and is not intended for Retail Customers as defined by the QFCRA. As required by the Capital Markets Board of Turkey, investment information, comments and recommendations stated here, are not within the scope of investment advisory activity. Investment advisory serv
Page: HOUSE_OVERSIGHT_025586 →Entities connected to both the Capital Markets Board of Turkey and Research Management

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