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aciSet provided forward-year EV/EBITDA for securities and indices. EV/EBITDA may not be available for each security, and only EV/E8ITDA numbers that Alkeon believes to be reasonable, between 0 and 100. were used in calculations. s MS Alkeon UCITS Fund was launched on July 22, 2011. Please note MS AilteO
current month) and may have been different during the year. EV/EBITDA for the S&P 500 in the above graph is included for reference purposes only. 3 Akeon Asia Growth, LP was launched in August el 2007. 4 Alkeon Asia Growth. LP's net exposure estimates are obtained from the MSPM System. FaciSet provided forward-ye
acilSet provided forward-year EV/B(3170A for securities and indices. EWEBITDA may not be available for each security, and only EWEBITDA numbers that Alkeon believes to be reasonable, between 0 and 100. were used in calculations. s MS Alkeon UCITS Fund was launched on July 22, 2011. Please note MS Akeon
current month) and may have been different during the year. EV/EBITDA for the S&P 500 in the above graph is included for reference purposes only. 3 Akeon Asia Growth, LP was launched in August of 2007. 4 Alkeon Asia Growth. LP's net exposure estimates are obtained (rom the MSPM System. FacilSet provided forward-y
FaciSet provided forward-year EV/EBITDA for securities and indices. EWEBITDA may not be available for each security, and only EV/EBITDA numbers that Alkeon believes to be reasonable, between 0 and 100. were used in calculations. s MS Alkeon UCITS Fund was launched on July 22, 2011. Please note MS Akeon
current month) and may have been different during the year. EV/EBITDA for the S&P 500 in the above graph is included lot reference purposes only. 3 Akeon Asia Growth, LP was launched in August of 2007. 4 Alkeon Asia Growth. LP's net exposure estimates are obtained from the MSPM System. FaciSet provided forward-ye
Entities connected to both Alkeon and Akeon Asia Growth

Paul Barrett
PERSONAlkeon Capital Management
ORGANIZATIONLLC rAlkeon'
ORGANIZATIONthe MSPM System
ORGANIZATIONAlkeon Growth Partners
ORGANIZATIONthe Morgan Stanley Performance Measurement
ORGANIZATIONlees lo AGP
PERSONSroategy
PERSONAlston
PERSONAileen
PERSONFaciSet
ORGANIZATIONMctcn Funds
ORGANIZATIONMS Alkeon UCITS Fund
ORGANIZATION