Morgan Stanley Announces Redemption in Their Entirety of $862,500,000 of Outstanding Capital Securities Issued by Morgan Stanley Capital Trust VI and $1,100,000,000 of Outstanding Capital Securities Issued by Morgan Stanley Capital Trust VII

Morgan Stanley (NYSE:MS) today announced that Morgan Stanley Capital Trust VI will redeem all of the issued and outstanding $862,500,000 aggregate liquidation amount of its 6.60% Capital Securities (the “Capital Trust VI Capital Securities”) (CUSIP 617461207; NYSE: MSJ) on May 27, 2015 pursuant to the optional redemption provisions provided in the documents governing such Capital Trust VI Capital Securities. The redemption price will be equal to the $25 liquidation amount per Capital Trust VI Capital Security plus $0.119167 accumulated but unpaid distributions to but excluding the redemption date.

Morgan Stanley also today announced that Morgan Stanley Capital Trust VII will redeem all of the issued and outstanding $1,100,000,000 aggregate liquidation amount of its 6.60% Capital Securities (the “Capital Trust VII Capital Securities”) (CUSIP 61750K208; NYSE: MSZ) on May 12, 2015 pursuant to the optional redemption provisions provided in the documents governing such Capital Trust VII Capital Securities. The redemption price will be equal to the $25 liquidation amount per Capital Trust VII Capital Security plus $0.123750 accumulated but unpaid distributions to but excluding the redemption date.

The Capital Trust VI Capital Securities and the Capital Trust VII Capital Securities are being redeemed, along with the common securities issued by Morgan Stanley Capital Trust VI and Morgan Stanley Capital Trust VII and held by Morgan Stanley, as a result of the concurrent redemption in their entirety of the junior subordinated debentures that underlie the Capital Trust VI Capital Securities and the Capital Trust VII Securities, respectively.

Beginning on the applicable redemption date, the Capital Trust VI Capital Securities and the Capital Trust VII Capital Securities will no longer be considered outstanding and distributions will cease to accumulate on such securities.

The Bank of New York Mellon, 101 Barclay Street, New York, New York 10286, is the paying agent for the Capital Trust VI Capital Securities and the Capital Trust VII Capital Securities.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 43 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com