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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
Asia Indonesia: in Canada by Morgan Stanley Canada Limited. which has approved of and takes responsibility for its contents in Canada: in Germany by Morgan Stanley Bank AG. Frankfurt am Main and Morgan Stanley Private Wealth Management Limited. Niededassung Deutschland. regulated by Bundesanstall fuer Finanzebenstlerst
-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
Asia Indonesia: in Canada by Morgan Stanley Canada Limited. which has approved of and takes responsitifity for its contents in Canada: in Germany by Morgan Stanley Bank AG. Frankfurt am Main and Morgan Stanley Private Wealth Management Limited. Niederlassung Deutschlard. regulated by Bundesanstalt fuer Finanzekenstlers
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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 →ritas Indonesia; in Canada by Morgan Stanley Canada Limited, which has approved of and takes responsibility for its contents in Canada; in Germany by Morgan Stanley Bank AG, Frankfurt am Main and Morgan Stanley Private Wealth Management Limited, Niederlas- sung Deutschland, regulated by Bundesanstalt fuer Finanzdienstlei
Page: HOUSE_OVERSIGHT_025586 →Entities connected to both Research Management and Morgan Stanley Bank AG

Reuters
ORGANIZATION
Morgan Stanley
ORGANIZATION
Tokyo
LOCATIONMorgan Stanley Equity Research
ORGANIZATION
DIFC Branch
ORGANIZATIONMorgan Stanley Mexico
ORGANIZATIONthe Capital Markets Board of Turkey
ORGANIZATIONMorgan Stanley Australia Limited
ORGANIZATION
Kowloon
LOCATIONthe Financial Services Board
ORGANIZATIONMorgan Stanley & Co. LLC
ORGANIZATIONSingapore) Pte
ORGANIZATIONViews
ORGANIZATIONGlobal Research Conflict Management Policy
ORGANIZATIONGlobal Stock Ratings Distribution
ORGANIZATIONIndustry Views
ORGANIZATIONMorgan Stanley Smith Barney LLC Customers
ORGANIZATIONBank Morgan Stanley AG
ORGANIZATIONPT Morgan Stanley Asia
ORGANIZATION
Hong Kong
LOCATION