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Management representative about the investments concerned. RMB Morgan Stanley (Proprietary) Limited is a member of the JSE Limited and regulated by the Financial Services Board in South /Oka. RMB Morgan Stanley (Proprietary) Limited is a joint venture owned equally by Morgan Stanley International Holdngs Inc. and RMB Invest
ion The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC. and/or Morgan Stanley MIR S.A.. C M and/or Morgan Stanley Mexico. Casa de Bolsa. S.A. de V.. ' gan Stanley Canada Limited. used in this disclosure sec ion, Morgan Stanley includes Morgan Stanley & Co. LLC, Mor
Management representative about the investments concerned. RMB Morgan Stanley (Proprietary) Limited is a member of the JSE Limited and regulated by the Financial Services Board in South Mita. RMB Morgan Stanley (Proprietary) Limited is a joint venture owned equally by Morgan Stanley International Holdings Inc. and RMB Inves
Section The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC. and/or Morgan Stanley MIR S.A.. and/or Morgan Stanley Mexico. Casa de Boise. S.A. de C.V.. ' gan Stanley Canada Limited. As used in this disclosure sec ion, Morgan Stanley includes Morgan Stanley & Co. LLC,
MS_Print Design_North America Insight English
ction The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC, and/or Morgan Stanley C-T.V.M. S.A., and/or Morgan Stanley Mexico, Casa de Bolsa, S.A. de C.V., and/or Morgan Stanley Canada Limited. As usedin this disclosure section, "Morgan Stanley’ includes Morgan Stanley &Co.
Page: HOUSE_OVERSIGHT_025583 →00, research which has been prepared by any of its affiliates. RMB Morgan Stanley Proprietary Limited is a member of the JSE Limited and regulated by the Financial Services Board in South Africa. RMB Morgan Stanley Proprietary Limited is a joint venture owned equally by Morgan Stanley Interna- tional Holdings Inc. and RMB Inve
Page: HOUSE_OVERSIGHT_025586 →Entities connected to both the Financial Services Board and Morgan Stanley Mexico

Frankfurt
LOCATION
Bloomberg L.P.
ORGANIZATIONBank Street
ORGANIZATION
United States
LOCATION
Morgan Stanley
ORGANIZATION
Kowloon
LOCATION
Tokyo
LOCATIONResearch Management
ORGANIZATIONMorgan Stanley Australia Limited
ORGANIZATION
Reuters
ORGANIZATIONthe Capital Markets Board of Turkey
ORGANIZATION
DIFC Branch
ORGANIZATIONMorgan Stanley Bank AG
ORGANIZATIONMorgan Stanley Equity Research
ORGANIZATIONAlnylam Pharmaceuticals
ORGANIZATIONCompany Data
ORGANIZATIONNPS Pharmaceuticals
ORGANIZATIONOverweight
ORGANIZATIONGlobal Research Conflict Management Policy
ORGANIZATIONGlobal Stock Ratings Distribution
ORGANIZATION