Stanley Research as only a single factor in making their investment decision. For analyst certification and other important disclosures. refer to the Disclosure Section, lo cated at the end of this report. EFTA00598622 Morgan Stanley MORGAN STANLEY RESEARCH July 23. 2014 Gilead Sciences Inc. Risk-Reward Snaps

Stanley Research as only a single factor in making their investment decision. For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. EFTA_R1_02140295 EFTA02714460 Morgan Stanley Apollo Global Manarmant LLC I April 1.2015 MORGAN STANLEY RES