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10 EFTA_R1_02140304 EFTA02714469 Morgan Stanley Apollo Global Manarmant LLC I April 1.2015 MORGAN STANLEY RESEARCH Important Disclosures for Morgan Stanley Smith Barney LLC Customers Important disclostres regarding the relationship between the companies that are the subject of Morgan Staley Research and Morgan Stanley Smith Barn
ponsibility for its contents art should be contacted with respect to any matters arising Iran, a in connection with. Morgan Stanley Research) and by Bank Morgan Stanley AG. Singapore Branch (Registration number 711FC0207e); in Australia to "wholesale clients" within the meaning of the Australian Corporations Act by Mor
443 _tri.r.v.r.„.„,, ao . res—r-rn I ISICISINIOI JIrIMISINI . i inistnIJ st ri t:IOINIDIJI Min 4 I II IJ 07/01 2014 Important Disclosures for Morgan Stanley Smith Barney LLC Customers Important disclosures regarding the relationship between the companies that are the subject of Morgan Stanley Research and Morgan Stanley Smith Barn
eports only. Morgan Stanley Capital Grow Japan Co.. :yr one Kong Morgan Stanley Asia Limited (which accepts responsbifity for its contents) and by Bank Morgan Stanley AG. -Hong Kong Branch: II Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration number 1992062982) anclor Morgan Stanley Asia (Singapore) Sec
as follows: relevant PISCI country index or NSCI sub-regional index or ASCI AC Asia Pacific ex %lent Index. 07/01 2014 Important Disclosures for Morgan Stanley Smith Barney LLC Customers Important disclosures regarding the relationship between the companies that are the subject of Morgan Stanley Research arid Morgan Stanley Smith Bar
ports only. Morgan Stanley Capital Grow Japan Co.. : riHong Kong Morgan Stanley Asia Limited (which accepts responsbifity for its contents) and by Bank Morgan Stanley AG. -Hong Kong Branch: II Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration number 1992062982) andor Morgan Stanley Asia (Singapore) Secu
Entities connected to both Morgan Stanley Smith Barney LLC Customers and Bank Morgan Stanley AG

Hong Kong
LOCATIONResearch Management
ORGANIZATIONGlobal Research Conflict Management Policy
ORGANIZATIONGlobal Stock Ratings Distribution
ORGANIZATIONIndustry Views
ORGANIZATIONPT Morgan Stanley Asia
ORGANIZATION
Frankfurt
LOCATION
Reuters
ORGANIZATION
Morgan Stanley
ORGANIZATIONMorgan Stanley & Co. LLC
ORGANIZATIONSingapore) Pte
ORGANIZATIONViews
ORGANIZATION
Tokyo
LOCATIONCompany Data
ORGANIZATIONAlnylam Pharmaceuticals
ORGANIZATIONNPS Pharmaceuticals
ORGANIZATIONBank Street
ORGANIZATIONthe Dubai Financial Services
ORGANIZATIONPrice Target
ORGANIZATIONthe Monetary Authority of Singapore
ORGANIZATION