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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
Stanley AG. Singapore (Registration number T11FCO207F): in Australia to 'wholesale clients' within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited iiit . 67 003 734 576. holder of Australian Wiancial services license No. 233742. which accepts responsibdily for its contents:' tralia to 'wholesa
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,
Stanley AG. Singapore (Registration number T11FCO207F): in Australia to 'wholesale clients' within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited if . 67 003 734 576. holder of Australian friancial services license No. 233742. which accepts responsibdily for its contents:' tralia to 'wholesa
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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 →ited, Singapore Branch (Registration number T1IFCO207F); in Australia to “wholesale clients" within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited A.B.N. 67 003 734576, holder of Australian financial services license No. 233742, which accepts responsibility for its contents; in Australia to "who
Page: HOUSE_OVERSIGHT_025586 →Entities connected to both Morgan Stanley Mexico and Morgan Stanley Australia Limited

DIFC Branch
ORGANIZATION
Morgan Stanley
ORGANIZATIONMorgan Stanley Bank AG
ORGANIZATIONthe Capital Markets Board of Turkey
ORGANIZATION
Kowloon
LOCATION
Tokyo
LOCATION
Reuters
ORGANIZATIONthe Financial Services Board
ORGANIZATIONMorgan Stanley Equity Research
ORGANIZATIONResearch Management
ORGANIZATIONRegeneron Pharmaceuticals Inc.
ORGANIZATIONViews
ORGANIZATIONAlnylam Pharmaceuticals
ORGANIZATIONNPS Pharmaceuticals
ORGANIZATIONBank Street
ORGANIZATIONthe Dubai Financial Services
ORGANIZATIONPrice Target
ORGANIZATIONthe Monetary Authority of Singapore
ORGANIZATIONMorgan Stanley & Co. LLC
ORGANIZATIONSingapore) Pte
ORGANIZATION