Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/01/18 Brunswick Corp-Fitness Bus Shareholders Acquisition - Divestiture Sporting and Athletic Goods Ma Investor group Pending - Spinoff Morgan Stanley Not Appl. -

Consideration: Not Available ------03/01/18 Highway Toll Admin LLC Platinum Equity LLC Acq. of Assets - Leveraged Buyout 03/01/18 Other Support Activities For R Private Equity Firm Completed - Financial Acquiror Morgan Stanley Friendly - Institutional Buyout

Consideration: Not Available ------03/05/18 XL Group Ltd AXA SA Merger 15,128.8 BER Rumored Deal 09/12/18 Direct Property and Casualty I Provide insurance, financial s Completed 15,128.8 BER Morgan Stanley JP Morgan Friendly 57.60 Ardea Partners Llc

Consideration: BMD 57.6 (USD 57.6) cash/sh ord; plus, BMD 285.539 mil (USD 285.539 mil)/options ------03/06/18 CrownBet Pty Ltd Stars Group Inc Acq. Part. Int. 111.7 AU Privately Negotiated Purchase 04/24/18 Other Computer Peripheral Equi Other Gambling Industries Completed 111.7 AU Macquarie Capital (USA) Inc Friendly - PJT Partners LP Morgan Stanley

Consideration: Not Available ------03/06/18 William Hill PLC-Australian Crownbet Holdings Pty Ltd Acq. of Assets 301.4 AU Divestiture 04/23/18 All Other Amusement and Recrea Other Gambling Industries Completed 301.4 AU Citi Macquarie Group Friendly - PJT Partners Inc Morgan Stanley

Consideration: AUD 301.391 mil (USD 234 mil) cash/assets ------03/07/18 ABILITY Network Inc Inovalon Holdings Inc Merger 1,200.0 US * Divestiture 04/02/18 Provides healthcare informatio Provides data processing servi Completed 1,200.0 US * Rumored Deal JP Morgan Morgan Stanley Friendly -

Consideration: An estimated USD 1.1 bil cash plus USD 100 mil shs restcom/ stock *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: USD 1.4 bil in cash plus 35 mil shs com plus the assumption of undisclosed amount in liabilities/stock ------03/08/18 Express Scripts Holding Co Cigna Corp Merger 68,523.9 US * Rumored Deal 12/20/18 All Other Miscellaneous Ambula Pvd healthcare insurance svcs Completed 69,770.2 US * Centerview Partners LLC Morgan Stanley Friendly 96.03 Lazard Bank of Tokyo-Mitsubishi UFJ

Consideration: USD 48.75 cash plus 0.243 sh com/sh com plus the assumption of USD 15 bil in liabilities; plus, USD 575. 684 mil/options *Value Estimated ------03/08/18 Fibria Celulose SA Suzano Papel e Celulose SA Merger 46,006.9 BR * Rumored Deal 01/14/19 Paper (Except Newsprint) Mills Own and operate pulp mills Completed 33,786.9 BR * Morgan Stanley Banco Itau-BBA SA Friendly 60.99 Bank of America Merrill Lynch Riza Capital Consultoria de JP Morgan Banco Bradesco SA

Consideration: An estimated 0.4613 sh ord plus BRL 50.2 (USD 15.282) cash/sh ord *Value Estimated ------03/08/18 Global Eagle Entertainment Inc Searchlight Capital Partners Acq. Part. Int. 150.0 US Privately Negotiated Purchase 04/02/18 Pvd media content,info svc Financial Sponsor Completed 150.0 US Financial Acquiror Barclays Morgan Stanley Friendly -

Consideration: USD 150 mil cash/com ------03/08/18 CAMESA Te Creemos SA de CV Sdad Fin Merger - Going Private 11/26/18 Consumer Lending Sales Financing Completed - Morgan Stanley Clairfield Partners Friendly -

Consideration: Not Available ------03/08/18 Mongstad Administrasjon As Asset Buyout Partners AS Acq. of Assets - Divestiture Port and Harbor Operations Miscellaneous Intermediation Pending - Financial Acquiror Morgan Stanley Friendly - DnB Markets AS

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: An estimated JPY 84.633 bil (USD 796.9 mil) cash/ord *Value Estimated ------03/12/18 Vietnam Technological & Commer Warburg Pincus LLC Acq. Part. Int. 8409090.9 VTD Privately Negotiated Purchase Bank (non-US) Financial Sponsor Pending 8409090.9 VTD Financial Acquiror Morgan Stanley Friendly -

Consideration: VND 8409.091 bil (USD 370 mil) cash/undisclosed minority stake ------03/13/18 Fibria Celulose SA CA Investment Brazil SA Merger - Going Private Paper (Except Newsprint) Mills Miscellaneous Financial Invest Withdrawn - Rumored Deal Bank of America Merrill Lynch Unsolic. - Unsolicited Deal Morgan Stanley

Consideration: Not Available ------03/13/18 FGH Bank NV-Loan Portfolio RNHB BV Acq. of Assets - Divestiture 06/29/18 Commercial Banking Commercial Banking Completed - Morgan Stanley Friendly -

Consideration: Not Available ------03/13/18 Sahara Petrochemicals Co SJSC Sipchem Merger 7,662.0 SR Stock Swap Crude Petroleum and Natural Ga Inorganic Dye and Pigment Manu Pending 8,264.5 SR Morgan Stanley HSBC Holdings PLC Friendly 18.83

Consideration: 0.8356 new shs ord/sh ord ------03/13/18 Learning Care Group Inc Public Sector Pension Acq. Part. Int. - Divestiture 03/13/18 Child Day Care Services Portfolio Management Completed - Privately Negotiated Purchase Morgan Stanley Barclays Not Appl. - Rumored Deal BMO Capital Markets

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/14/18 Abertis Infraestructuras SA Abertis Infraestructuras SPV Merger 33,518.2 EUR Acquiror is an Investor Group 10/29/18 Provide toll roads management Other Financial Vehicles Completed 18,183.4 EUR Tender Offer Morgan Stanley Credit Suisse Group Friendly 18.36 Tender/Merger Citi Mediobanca AZ Capital Santander Corp & Invest Bkg Deutsche Bank Goldman Sachs & Co Equita SIM SpA Lazard Societe Generale JP Morgan KPMG

Consideration: EUR 18.36 (USD 22.746) cash/ sh ord ------03/14/18 Airxcel Inc L Catterton Management Ltd Acq. of Assets - Divestiture Mnfr air condition Financial Sponsor Pending - Leveraged Buyout Morgan Stanley Friendly - Financial Acquiror Jefferies LLC Institutional Buyout

Consideration: Not Available ------03/15/18 Unilever PLC Unilever NV Merger 64,901.0 STG Stock Swap All Other Miscellaneous Food M All Other Miscellaneous Food M Withdrawn 47,381.4 STG Scheme of Arrangement Morgan Stanley Deutsche Bank Friendly 38.47 Centerview Partners LLC UBS Investment Bank Morgan Stanley

Consideration: 1 New NV shs ord/sh ord ------03/19/18 Fenner Plc Compagnie Generale des Merger 1,298.8 STG Scheme of Arrangement 05/31/18 Rubber and Plastics Hoses and Tire Manufacturing (Except Ret Completed 1,197.6 STG Rothschild & Co Morgan Stanley Friendly 6.10

Consideration: GBP 6.1 (USD 8.503) cash/new sh ord; plus GBP 6.1 (USD 8. 503) cash/sh ord ------03/19/18 Olympic Entertainment Group AS Odyssey Europe AS Merger 229.0 EUR Going Private Own, operate casinos Investment company Pending 288.4 EUR Tender Offer Global Leisure Partners LLP Friendly 1.90 Tender/Merger Morgan Stanley Financial Acquiror

Consideration: EUR 1.9 (USD 2.335) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/19/18 Hammerson PLC Klepierre SA Merger 8,292.1 STG Stock Swap Lessors Of Other Real Estate P Lessors Of Other Real Estate P Withdrawn 5,043.3 STG Unsolicited Deal Deutsche Bank Goldman Sachs & Co Unsolic. 6.35 JP Morgan Cazenove Citi Lazard Morgan Stanley

Consideration: An amended GBP 6.35 (USD 8. 999) new shs ord/sh ord; plus an undisclosed amount in cash/ ord; originally an undisclosed amount in cash/ ord; plus GBP 6.15 (USD 8.572) new shs ord/sh ord ------03/21/18 M&G Usa Corp-Cert Utility Corpus Christi Polymers LLC Acq. Cert. Asts. - Bankruptcy Acquisition 12/28/18 Plastics Material and Resin Ma Plastics Material and Resin Ma Completed - Divestiture Rothschild & Co HSBC Holdings PLC Friendly - Restructuring Jefferies LLC Morgan Stanley Greenhill & Co, LLC

Consideration: Not Available ------03/22/18 The Weather Channel Allen Media LLC Acq. of Assets - Not Applicable 03/22/18 Pvd cable tv,info svcs Television Broadcasting Completed - Morgan Stanley Friendly - Allen & Co Inc PJT Partners Inc

Consideration: Not Available ------03/23/18 Genon Energy Inc-Canal Stonepeak Kestrel Holdings LLC Acq. of Assets 320.0 US * Bankruptcy Acquisition 06/29/18 Electric Power Distribution Miscellaneous Intermediation Completed 320.0 US * Divestiture Credit Suisse Group Morgan Stanley Friendly - Financial Acquiror

Consideration: An estimated USD 320 mil/ assets *Value Estimated ------03/23/18 Indiabulls Re Co Pvt Blackstone Group LP Acq. Maj. Int. 47,500.0 RE Divestiture 03/28/18 Land Subdivision Private equity, investment fir Completed 47,500.0 RE Leveraged Buyout Ernst & Young LLP Morgan Stanley Friendly - Financial Acquiror Rumored Deal Institutional Buyout

Consideration: INR 47.5 bil (USD 729.648 mil) /50% interest ------03/26/18 Pacific Alliance Group Ltd Blackstone Group LP Acq. Part. Int. - Privately Negotiated Purchase 03/26/18 Financial Sponsor Private equity, investment fir Completed - Financial Acquiror Morgan Stanley Friendly -

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/26/18 USG Corp Gebr Knauf KG Merger 6,854.7 US Going Private 04/24/19 Gypsum Product Manufacturing Mnfr bldg,construction materia Completed 6,101.7 US Unsolicited Deal JP Morgan Securities LLC Morgan Stanley Friendly 43.50 Goldman Sachs & Co Commerzbank AG UniCredit Bank AG

Consideration: A sweetened USD 43.5 cash/sh com; plus USD 35.031 mil/ options; Originally, USD 42 cash/sh com; plus USD 33.139 mil/options ------03/28/18 Renewi PLC-Wcott Pk Anaerobic Olleco Acq. of Assets - Divestiture 03/28/18 Other Nonhazardous Waste Treat Other Nonhazardous Waste Treat Completed - Morgan Stanley Friendly -

Consideration: Not Available ------03/28/18 Polycom Inc Plantronics Inc Merger 1,986.5 US * Divestiture 07/02/18 Manufactures, wholesales commu Mnfr,whl commun equip Completed 1,986.5 US * Moelis & Co Wells Fargo Bank NA Friendly - Macquarie Capital Group Ltd Morgan Stanley

Consideration: An estimated USD 948 mil cash plus plus USD 362 mil shs com plus the assumption of USD 690 mil in liabilities/stock *Value Estimated ------03/28/18 RSP Permian Inc Concho Resources Inc Merger 9,481.3 US Stock Swap 07/19/18 Crude Petroleum and Natural Ga Oil,gas exploration,prodn co Completed 9,510.3 US Tudor Pickering Holt & Co LLC Morgan Stanley Friendly 50.24

Consideration: 0.32 sh com/sh com plus the assumption of USD 1.5 bil in liabilities/com ------03/28/18 Shire PLC Takeda Pharmaceutical Co Ltd Merger 64,501.8 EUR Stock Swap 01/08/19 Manufacture,wholesale pharmace Mnfr pharmaceutical products Completed 50,433.4 EUR Scheme of Arrangement Citi Evercore Partners Friendly 55.01 Unsolicited Deal Goldman Sachs & Co JP Morgan Mitsubishi UFJ Morgan Stanley Nomura International PLC

Consideration: An amended choice of EUR 25. 445 (USD 30.33) cash plus 1. 678 new ADS/sh ord plus EUR 251.18 mil (USD 299.407 mil)/ options or EUR 25.445 (USD 30. 33) cash plus 0.839 new shs ord/sh ord plus EUR 231.149 mil (USD 275.53 mil)/options; previously, a twice sweetened EUR 24.846 (USD 30.33) cash plus 0.839 new shs ord/sh ord plus EUR 265.15 mil (USD 323. 668 mil) new shs ord/options; previously, a sweetened EUR 23.97 (USD 29.589) cash/sh ord plus EUR 29.678 mil (USD 36.634 mil) new shs ord plus EUR 205.512 mil (USD 253.684 mil) new shs ord/options; originally, EUR 20.374 (USD 25.207) cash plus EUR 33 (USD 40.828) new shs ord/sh ord plus EUR 198.492 mil (USD 245. 019 mil) new shs ord/options ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: Not Available ------03/29/18 The Scoular Co-Facilities4ms Consolidated Grain & Barge Co Acq. of Assets - Divestiture 03/29/18 Farm Product Warehousing and S Specialized Freight (Except Us Completed - Morgan Stanley Friendly - Jefferies & Co Inc Cooperatieve Rabobank UA

Consideration: Not Available ------03/30/18 Attero BV Investor Group Merger - Acquiror is an Investor Group 06/14/18 Other Electric Power Generatio Investor group Completed - Divestiture Morgan Stanley Houlihan Lokey Friendly - Financial Acquiror

Consideration: Not Available ------04/02/18 Ecogen Energy Pty Ltd EnergyAustralia Holdings Ltd Merger 205.0 AU Divestiture Elec utility Pvd electric,gas utility svcs Pending 205.0 AU Lazard Morgan Stanley Friendly -

Consideration: Not Available ------04/02/18 GE Healthcare-Value-Based Care Veritas Capital Partners LP Acq. of Assets 1,050.0 US Divestiture 07/11/18 Home Health Care Services Financial Sponsor Completed 1,050.0 US Leveraged Buyout Morgan Stanley Goldman Sachs & Co Friendly - Financial Acquiror Keval Health LLC William Blair & Co Institutional Buyout

Consideration: USD 1.05 bil cash/assets ------04/03/18 HES International BV HES International BV SPV Acq. of Assets - Acquiror is an Investor Group 03/15/19 Marine Cargo Handling Special Purpose Acquisition Ve Completed - Leveraged Buyout Morgan Stanley ING Friendly - Financial Acquiror Goldman Sachs & Co Rumored Deal Macquarie Group Institutional Buyout

Consideration: Not Available ------04/04/18 Hispania Activos Inmobiliarios Alzette Invest Sarl Acq. Part. Int. 315.4 EUR Privately Negotiated Purchase 04/04/18 Lessors Of Other Real Estate P Investment company Completed 315.4 EUR Financial Acquiror Morgan Stanley Neutral 17.45 Citi

Consideration: EUR 17.45 (USD 21.409)/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------04/05/18 Hispania Activos Inmobiliarios Alzette Invest Sarl Acq. Maj. Int. 2,398.5 EUR Leveraged Buyout 07/20/18 Lessors Of Other Real Estate P Investment company Completed 1,583.6 EUR Tender Offer Goldman Sachs & Co Morgan Stanley Friendly 18.25 Financial Acquiror UBS Investment Bank Citi Rumored Deal JP Morgan Credit Suisse Group Unsolicited Deal Institutional Buyout

Consideration: A sweetened EUR 18.25 (USD 21. 172) cash/sh ord; originally EUR 17.45 (USD 21.423) cash/ sh ord ------04/06/18 Lytx Inc Investor Group Acq. Part. Int. 700.0 US Acquiror is an Investor Group 04/06/18 Computer Facilities Management Investor group Completed 700.0 US Privately Negotiated Purchase Rothschild & Co Morgan Stanley Friendly - Financial Acquiror Evercore Partners

Consideration: USD 700 mil cash/undisclosed minority stake ------04/06/18 Regions Insurance Inc BB&T Insurance Services Inc Acq. of Assets - Divestiture 07/02/18 Other Multiline Insurance & Br Pvd insurance brokerage svcs Completed - Morgan Stanley & Co LLC RBC Capital Markets Friendly - Regions Securities LLC

Consideration: Not Available ------04/09/18 Boreal Holding AS Everbright Fund LP Acq. of Assets - Divestiture Regulation and Administration Infrastructure Fund Pending - Financial Acquiror Morgan Stanley Friendly -

Consideration: Not Available ------04/09/18 National Beef Packing Co LLC Marfrig Global Foods SA Acq. Maj. Int. 969.0 US Divestiture 06/05/18 Produce,whl beef products Meat Processed From Carcasses Completed 969.0 US Morgan Stanley Rabobank International Friendly - Jeffries International Ltd Banco Bradesco SA

Consideration: USD 969 mil cash/51% interest ------04/11/18 VDM Metals Holding GmbH Aperam SA Merger 596.0 EUR Divestiture Iron and Steel Forging Manufacture steel Withdrawn 596.0 EUR Morgan Stanley HSBC Holdings PLC Friendly -

Consideration: The assumption of EUR 158 mil (USD 195.193 mil) in liabilities plus EUR 438 mil (USD 541.105 mil) cash/stock ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------04/12/18 Sky PLC Walt Disney Co Merger 18,176.1 STG Scheme of Arrangement Television Broadcasting Cable and Other Subscription P Withdrawn 11,729.1 STG Mandatory Offering Barclays JP Morgan Friendly 10.75 Morgan Stanley Citi PJT Partners LP Greenhill & Co, LLC

Consideration: GBP 10.75 (USD 15.239) cash/ sh ord; plus GBP 482.554 mil (USD 684.069 mil) cash/ options ------04/12/18 UN Ro-Ro Isletmeleri AS DFDS A/S Acq. Maj. Int. 4,854.9 TL Divestiture 06/07/18 Deep Sea Freight Transportatio Deep Sea Freight Transportatio Completed 4,854.9 TL Morgan Stanley Deutsche Bank Friendly - Citi STJ Advisors LLP Dome Group

Consideration: TRY 4.855 bil (USD 1.175 bil)/ 98.8% interest ------04/13/18 Exclusive Group Permira Advisers LLP Acq. Maj. Int. 1,300.0 EUR Divestiture 07/04/18 Pvd info tech srvcs Private equity firm Completed 1,300.0 EUR Leveraged Buyout Natixis Oaklins Friendly - Financial Acquiror Morgan Stanley Rumored Deal Secondary Buyout Institutional Buyout

Consideration: EUR 1.3 bil (USD 1.609 bil) ------04/16/18 Shire PLC-Oncology Business Les Laboratoires Servier SAS Acq. of Assets 2,400.0 US Divestiture 08/31/18 Pharmaceutical Preparation Man Manufacture,wholesale drugs Completed 2,400.0 US Morgan Stanley Lazard Friendly - Goldman Sachs & Co Societe Generale

Consideration: USD 2.4 bil cash/assets ------04/16/18 General Assembly Space Inc Adecco Group AG Acq. of Assets 412.5 US * Not Applicable 05/31/18 Educational Support Services Human Resources and Executive Completed 412.5 US * Morgan Stanley Credit Suisse Group Friendly -

Consideration: An estimated USD 412.5 mil/ assets *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: A thrice sweetened BRL 45.22 (USD 12.139) cash/sh ord; previously a twice sweetened BRL 32.2 (USD 9.241) cash/sh ord; previously a sweetened BRL 32 (USD 9.22) cash/sh ord; originally BRL 28 (USD 8.189) cash/sh ord ------04/17/18 Zentiva NV Advent International Corp Acq. of Assets 48,452.6 CK Divestiture 10/01/18 Mnfr,whl pharmaceuticals Private equity firm Completed 48,452.6 CK Leveraged Buyout Morgan Stanley Goldman Sachs & Co Friendly - Financial Acquiror Rothschild & Co PJT Partners Inc Auction JP Morgan Rumored Deal Institutional Buyout

Consideration: CZK 48.453 bil (USD 2.375 bil) /assets ------04/19/18 Shire PLC Allergan PLC Merger - Not Applicable Manufacture,wholesale pharmace Pharmaceutical Preparation Man Withdrawn - Citi Bank of America Merrill Lynch Friendly - Goldman Sachs & Co Guggenheim Securities LLC Morgan Stanley

Consideration: Not Available ------04/20/18 Beni Stabili SpA SIIQ Fonciere des Regions SA Acq. Rem. Int. 811.0 EUR Stock Swap 12/31/18 Real estate investment trust Real estate investment trust Completed 811.0 EUR Lazard Morgan Stanley & Co Intl PLC Friendly 0.75

Consideration: 0.0085 sh ord/sh ord ------04/20/18 Ceva Logistics Ag CMA CGM SA Acq. Part. Int. 450.0 SFR Privately Negotiated Purchase 08/13/18 Freight Transportation Arrange Deep Sea Freight Transportatio Completed 450.0 SFR Morgan Stanley Societe Generale Friendly - Credit Suisse Group

Consideration: CHF 450 mil (USD 463.297 mil)/ 24.99% stake ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------04/21/18 Sky Betting & Gaming Ltd Stars Group Inc Merger 3,363.5 STG* Divestiture 07/10/18 Other Gambling Industries Other Gambling Industries Completed 3,363.5 STG* Rothschild & Co Morgan Stanley Friendly - Lazard Macquarie Capital (USA) Inc Goldman Sachs & Co PJT Partners LP Barclays Deutsche Bank Citi

Consideration: An estimated GBP 2.571 bil (USD 3.6 bil) cash plus 37.9 mil new shs com/stock *Value Estimated ------04/24/18 Royal Dutch Shell- Raizen SA Acq. of Assets - Divestiture 10/01/18 Petroleum Refineries Mnfr industrial alcohol,sugar Completed - Rumored Deal Credit Suisse Group Morgan Stanley Friendly - Internal Reorganization

Consideration: ARS 37.812 bil (USD 916 mil)/ assets ------04/25/18 Indus Towers Ltd Bharti Infratel Ltd Merger 394,824.5 RE * Stock Swap Wired Telecommunications Carri Wired Telecommunications Carri Pending 355,824.5 RE * Scheme of Arrangement Morgan Stanley JP Morgan Friendly - Rumored Deal DSP Merrill Lynch Ltd Goldman Sachs & Co Financial Acquiror UBS Investment Bank The Raine Group LLC

Consideration: An estimated choice of INR 84. 529 bil (USD 1.273 bil) cash and INR 266.852 bil (USD 4. 019 bil) new shs ord or INR 355.824 bil (USD 5.359 bil) new shs ord/58% interest *Value Estimated ------04/25/18 Med Specialties Distributors McKesson Corp Acq. of Assets 800.0 US Divestiture 06/01/18 Medical, Dental, and Hospital Whl pharm,medical supplies Completed 800.0 US Morgan Stanley Friendly -

Consideration: USD 800 mil/assets ------04/26/18 AbbVie Inc AbbVie Inc Buyback 7,500.0 US Dutch Auction Tender Offer 06/04/18 Manufacture,whl pharmaceutical Manufacture,whl pharmaceutical Completed 7,500.0 US Self-Tender Morgan Stanley Not Appl. 103.00 Tender Offer

Consideration: Up to USD 7.5 bil cash/com ------04/26/18 Bradford & Bingley Plc-Loan Investor Group Acq. of Assets 371.0 STG Acquiror is an Investor Group 05/31/18 Mortgage and Nonmortgage Loan Investor group Completed 371.0 STG Bankruptcy Acquisition Morgan Stanley Barclays Friendly - Divestiture Moelis & Co Rumored Deal

Consideration: GBP 371 mil (USD 516.766 mil) cash/assets ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: Not Available ------04/26/18 SJW Group California Water Service Group Merger 1,901.7 US Tender Offer Water utility co Pvd water utility svcs Withdrawn 1,439.0 US Tender/Merger JP Morgan Morgan Stanley Unsolic. 70.00 Rumored Deal Unsolicited Deal

Consideration: A sweetened USD 70 cash/sh com; originally USD 68.25 cash/sh com ------04/27/18 EPI Grp-114 Champs-Elysees Bld Investor Group Acq. of Assets 600.0 EUR* Acquiror is an Investor Group 04/27/18 Lessors Of Nonresidential Buil Investor group Completed 600.0 EUR* Divestiture Morgan Stanley Friendly - Rumored Deal Jones Lang LaSalle Inc Property Acquisition Credit Agricole CIB Financial Acquiror

Consideration: An estimated EUR 600 mil (USD 726.06 mil)/assets *Value Estimated ------04/27/18 Shinko Real Estate Co Ltd Investor Group Acq. Maj. Int. 74,000.0 Y * Acquiror is an Investor Group 07/01/18 Other Activities Related To Re Investor group Completed 74,000.0 Y * Divestiture Mizuho Securities Co Ltd Mitsubishi UFJ Morgan Stanley Friendly - Rumored Deal

Consideration: An estimated JPY 74 bil (USD 677.1 mil) cash/75% interest *Value Estimated ------04/29/18 Sprint Corp T-Mobile US Inc Merger 58,688.6 US Divestiture Wireless Telecommunications Ca Wireless Telecommunications Ca Pending 26,760.6 US Stock Swap The Raine Group LLC PJT Partners Inc Friendly 6.62 Rumored Deal JP Morgan Goldman Sachs & Co Financial Acquiror Centerview Partners LLC Deutsche Bank Mizuho Securities Co Ltd Evercore Partners SMBC Nikko Securities Inc Morgan Stanley Credit Suisse Group Barclays Royal Bank of Canada

Consideration: 0.10256 sh com/sh com plus USD 246.562 mil shs/options ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------04/30/18 ASDA Group Ltd J Sainsbury PLC Merger 7,275.0 STG* Divestiture Supermarkets and Other Grocery Own and operate supermarket, g Withdrawn 7,275.0 STG* Stock Swap Rothschild & Co UBS Investment Bank Friendly - Rumored Deal Credit Suisse Morgan Stanley

Consideration: An estimated GBP 4.3 bil (USD 5.925 bil) shs ord/ord; plus GBP 2.975 bil (USD 4.099 bil) cash/stock *Value Estimated ------04/30/18 Piab Group AB Patricia Industries AB Acq. of Assets 6,950.0 SKR Acquiror Includes Management 06/14/18 All Other Industrial Machinery Miscellaneous Financial Invest Completed 6,950.0 SKR Divestiture Morgan Stanley Lazard Friendly - Financial Acquiror

Consideration: SEK 6.95 bil (USD 802.801 mil) /assets ------04/30/18 Financial Engines Inc Hellman & Friedman LLC Merger 2,657.5 US Going Private 07/19/18 Pvd invest mgmt svcs Private equity firm Completed 2,896.3 US Leveraged Buyout Sandler O'Neill Partners JP Morgan Friendly 45.00 Financial Acquiror Barclays Institutional Buyout Deutsche Bank UBS Investment Bank Morgan Stanley Duff & Phelps

Consideration: USD 45 cash/sh com; plus USD 58.546 mil/options ------05/01/18 Cadent Gas Ltd Quadgas Invest Bidco Ltd Acq. Rem. Int. - Not Applicable Natural Gas Distribution Miscellaneous Financial Invest Pending - JP Morgan Macquarie Group Friendly - Morgan Stanley Barclays

Consideration: Not Available ------05/01/18 L3 Tech Inc-Vertex Aerospace Amer Industrial Partners LP Acq. of Assets 540.0 US Divestiture 06/29/18 Other Support Activities For A Private equity firm Completed 540.0 US Leveraged Buyout Moelis & Co Morgan Stanley Friendly - Financial Acquiror Institutional Buyout

Consideration: USD 540 mil cash/assets ------05/06/18 Banco BPI SA Caixabank SA Acq. Part. Int. 178.0 EUR Privately Negotiated Purchase 05/07/18 Commercial Banking Commercial Banking Completed 178.0 EUR Morgan Stanley Friendly 1.45

Consideration: EUR 1.45 (USD 1.734) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------05/06/18 Banco BPI SA Caixabank SA Acq. Rem. Int. 108.2 EUR Mandatory Offering 12/27/18 Commercial Banking Commercial Banking Completed 108.2 EUR Morgan Stanley Friendly 1.47

Consideration: EUR 1.47 (USD 1.67) cash/sh ord ------05/07/18 Frutarom Industries Ltd International Flavors & Fragra Merger 25,440.1 IS Rumored Deal 10/04/18 Produce,wholesale flavorings,f Manufacture,wholesale flavor,f Completed 22,945.0 IS Bank of America Merrill Lynch Greenhill & Co, LLC Friendly 384.85 Morgan Stanley

Consideration: ILS 30.145 mil (USD 8.349 mil) cash/options; plus 0.249 sh com plus ILS 257.045 (USD 71. 19) cash/sh ord ------05/07/18 Gramercy Property Trust Blackstone RE Partners VIII LP Merger 7,249.6 US Financial Acquiror 10/10/18 Real estate investment trust Provides investment services Completed 4,421.6 US Morgan Stanley Citi Friendly 27.50 Bank of America Merrill Lynch

Consideration: USD 27.5 cash/sh com ------05/07/18 Starbucks Corp-Marketing Asset Nestle SA Acq. of Assets 330.0 US * Divestiture 08/28/18 Drinking Places (Alcoholic Bev Produce, wholesale general foo Completed 330.0 US * Rumored Deal Morgan Stanley Friendly -

Consideration: An estimated USD 330 mil/ assets *Value Estimated ------05/07/18 Virgin Money Holdings (UK) PLC CYBG PLC Merger 1,584.4 STG Stock Swap 10/15/18 Commercial Banking Miscellaneous Financial Invest Completed 1,584.4 STG Scheme of Arrangement Goldman Sachs & Co Deutsche Bank Friendly 3.54 Unsolicited Deal Citi Morgan Stanley Macquarie Group

Consideration: An amended 1.2125 new shs ord/ sh ord; plus GBP 8.395 mil (USD 11.205 mil) new shs ord/ options; originally 1.1297 new shs ord/sh ord; plus GBP 8.395 mil (USD 11.358 mil) new shs ord/options ------05/08/18 SYSKEN Corp COMSYS Holdings Corp Merger 9,234.4 Y Stock Swap 10/01/18 Electrical Contractors Electrical Contractors Completed 7,582.4 Y Mizuho Securities Co Ltd Mitsubishi UFJ Morgan Stanley Friendly 3063.84

Consideration: 1.04 shs ord/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------05/08/18 Nds Co Ltd COMSYS Holdings Corp Merger 37,041.8 Y Stock Swap 10/01/18 Power and Communication Line a Electrical Contractors Completed 35,494.8 Y SMBC Nikko Securities Inc Mitsubishi UFJ Morgan Stanley Friendly 6098.22

Consideration: 2.07 shs ord/sh ord ------05/08/18 Daisue Construction Co Ltd Misawa Homes Co Ltd Acq. Part. Int. - Privately Negotiated Purchase 05/25/18 Construction company Mnfr,whl constr materials Completed - Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: Not Available ------05/08/18 Hokuriku Denwa Kouji Co Ltd COMSYS Holdings Corp Merger 1,769.6 Y Stock Swap 10/01/18 Electrical Contractors Electrical Contractors Completed 4,097.0 Y Daiwa Institute of Research Mitsubishi UFJ Morgan Stanley Friendly 524.39

Consideration: 0.178 sh ord/sh ord ------05/08/18 Siren Holdings Korea Co Ltd Investor Group Merger 2937372.7 WON Acquiror is an Investor Group 10/01/18 Security Systems Services (Exc Investor group Completed 2937372.7 WON Divestiture Credit Suisse Group Bank of America Merrill Lynch Friendly - Morgan Stanley Macquarie Group Deutsche Bank

Consideration: The assumption of KRW 1.661 tril (USD 1.54 bil) in liabilities plus KRW 1.276 tril (USD 1.183 bil)/stock ------05/08/18 Capital One Finl Corp-Mortgage DLJ Mortgage Capital Inc Acq. of Assets 1,190.0 US Divestiture 06/30/18 Consumer Lending Invest co Completed 1,190.0 US Wells Fargo Securities LLC Credit Suisse Group Friendly - Morgan Stanley

Consideration: USD 1.19 bil/assets ------05/08/18 MF Technologies JSC Investor Group Acq. Maj. Int. - Acquiror is an Investor Group 06/09/18 Administrative Management and Investor group Completed - Divestiture Morgan Stanley Friendly - Financial Acquiror

Consideration: Not Available ------05/09/18 Caesars Ent Corp-Octvs Tower VICI Properties Inc Acq. of Assets 507.5 US Divestiture 07/11/18 Casino Hotels Lessors Of Other Real Estate P Completed 507.5 US PJT Partners LP Morgan Stanley Friendly -

Consideration: USD 507.5 mil/assets ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: Not Available ------05/09/18 Briefcam Ltd Canon Inc Acq. of Assets - Not Applicable 07/03/18 Software Publishers Photographic and Photocopying Completed - Mitsubishi UFJ Morgan Stanley Friendly - PricewaterhouseCoopers

Consideration: Not Available ------05/10/18 Helly Hansen AS Canadian Tire Corp Ltd Acq. of Assets 8,356.8 NKR* Divestiture 07/03/18 Men'S and Boys' Cut and Sew Ot Retail general merchandise Completed 8,356.8 NKR* Morgan Stanley Goldman Sachs & Co Friendly -

Consideration: An estimated the assumption of NOK 403.711 mil (USD 50 mil) in liabilities plus NOK 7.953 bil (USD 985 mil) cash/ assets *Value Estimated ------05/10/18 Loop Commerce Inc Synchrony Financial Acq. of Assets - Not Applicable 06/08/18 Software Publishers All Other Nondepository Credit Completed - Steelhead Advisors LLC Morgan Stanley Friendly -

Consideration: Not Available ------05/11/18 EDP Energias de Portugal SA China Three Gorges (Europe) SA Merger 24,878.2 EUR Going Private Provide electric services Investment holding company Intended 9,074.3 EUR Unsolicited Deal Morgan Stanley Millennium BCP SA Unsolic. 3.26 UBS Investment Bank Bank of America Merrill Lynch Lazard Rothschild & Co

Consideration: EUR 3.26 mil (USD 3.884 mil) cash/ord ------05/11/18 EDPR China Three Gorges (Europe) SA Acq. Rem. Int. 1,115.0 EUR Divestiture Alternative Energy Sources Investment holding company Intended 1,115.0 EUR Going Private Morgan Stanley Bank of America Merrill Lynch Friendly 7.33 Mandatory Offering UBS Investment Bank Lazard NM Rothschild & Sons Ltd

Consideration: EUR 7.33 (USD 8.732)/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------05/13/18 Peanuts Worldwide LLC Sony Music Ent (Japan) Inc Acq. Part. Int. 185.0 US Privately Negotiated Purchase 07/23/18 Periodical Publishers Investment holding company Completed 185.0 US Deutsche Bank Mitsubishi UFJ Morgan Stanley Friendly - Canaccord Genuity

Consideration: Not Available ------05/14/18 Kleen Energy Systems LLC Investor Group Acq. Maj. Int. - Acquiror is an Investor Group 05/14/18 Electric utility Investor group Completed - Divestiture Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: Not Available ------05/14/18 Pure Biofuels del Peru SAC Valero Energy Corp Acq. of Assets - Divestiture 05/14/18 Petroleum and Petroleum Produc Mnfr,whl petroleum prod Completed - Morgan Stanley Friendly -

Consideration: Not Available ------05/14/18 DeNA Travel Co Ltd Evolable Asia Corp Merger 1,200.0 Y Divestiture 05/31/18 Travel Agencies Software Publishers Completed 1,200.0 Y Financial Acquiror Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: Not Available ------05/14/18 Tokai Carbon Korea Co Ltd Tokai Carbon Co Ltd Acq. Part. Int. 77,016.8 WON Privately Negotiated Purchase 05/28/18 Semiconductor and Related Devi Manufacture and sale of variou Completed 77,016.8 WON Mitsubishi UFJ Morgan Stanley Neutral -

Consideration: KRW 77.017 bil (USD 72.165 mil)/ord ------05/16/18 Nisshin Steel Co Ltd Nippon Steel & Sumitomo Metal Acq. Rem. Int. 95,669.7 Y Stock Swap 01/01/19 Iron and Steel Mills Manufacture,wholesales steel p Completed 95,669.7 Y Mitsubishi UFJ Morgan Stanley Nomura Securities Friendly 1779.97

Consideration: 0.71 sh ord/sh ord ------05/16/18 Essendant Inc Staples Inc Merger 921.0 US Tender Offer 01/31/19 Stationary and Office Supplies Retail office supplies Completed 428.0 US Tender/Merger Citi Morgan Stanley Hostile 12.80 Unsolicited Deal Barclays Financial Acquiror

Consideration: A sweetened USD 12.8 cash/sh com; originally USD 11.5 cash/ sh com ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------05/17/18 Sociedad Quimica Y Minera De Inversiones TLC SpA Acq. Part. Int. 2562178.3 CE Privately Negotiated Purchase 12/05/18 Mnfr prepared chemicals Miscellaneous Intermediation Completed 2562178.3 CE Bank of America Merrill Lynch Morgan Stanley Neutral 40957.78 Goldman Sachs & Co Sinolink Securities Co Ltd China CITIC Bank Corp Ltd

Consideration: CLP 40957.782 (USD 65) cash/ sh ord ------05/17/18 Williams Partners LP The Williams Cos Inc Acq. Rem. Int. 10,468.0 US Stock Swap 08/10/18 Pipeline Transportation Of Nat Pvd gas distribution services Completed 10,468.0 US Evercore Partners Morgan Stanley Friendly 40.89

Consideration: 1.494 shs com/sh com ------05/18/18 Ricoh Logistics Systems Co Ltd SBS Holdings Inc Acq. Maj. Int. 18,000.0 Y Divestiture 08/01/18 Pvd trucking svcs Pvd logistics and related svcs Completed 18,000.0 Y Nomura Securities Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: Not Available ------05/21/18 Gen Elec Co-Transp Bus Westinghouse Air Brake Tech Merger 9,630.0 US Divestiture 02/25/19 Railroad Rolling Stock Manufac Manufacture railway brake comp Completed 9,630.0 US Rumored Deal Morgan Stanley Goldman Sachs & Co Friendly - Reverse Morris Trust Dyal Co PJT Partners LP

Consideration: USD 2.875 bil cash plus 95.1 mil shs com/assets; originally an estimated USD 2. 9 bil cash plus USD 8.2 bil shs com/assets ------05/21/18 Ipreo LLC IHS Markit Ltd Merger 1,855.0 US * Financial Acquiror 08/02/18 Data Processing, Hosting, and Internet Publishing and Broadc Completed 1,855.0 US * Goldman Sachs & Co Barclays Friendly - Morgan Stanley HSBC Holdings PLC

Consideration: An estimated USD 1.855 bil cash/stock *Value Estimated ------05/21/18 Sensata Tech Inc-Valves Bus Pacific Industrial Co Ltd Acq. of Assets 173.0 US Divestiture 08/31/18 Industrial Valve Manufacturing Mnfr,whl pressed, resin prod Completed 173.0 US Lincoln International Mitsubishi UFJ Morgan Stanley Friendly - KPMG Azsa LLC

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------05/21/18 LaSalle Hotel Properties Blackstone RE Partners VIII LP Merger 4,793.0 US Financial Acquiror Real estate investment trust Provides investment services Withdrawn 3,697.8 US Citigroup Global Markets Inc Morgan Stanley Friendly 33.50 Goldman Sachs & Co JP Morgan Eastdil Secured LLC Barclays

Consideration: USD 33.5 cash/sh com ------05/22/18 DH Publishing LP Sony Corp of America Merger 2,724.9 STG* Divestiture 11/14/18 Music Publishers Manufacture, wholesale audio,v Completed 2,724.9 STG* Rumored Deal Goldman Sachs & Co Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: An estimated GBP 1.713 bil (USD 2.3 bil) cash plus the assumption of GBP 1.012 bil (USD 1.359 bil) in liabilities/rem 60.2% interest *Value Estimated ------05/23/18 Lwarcel Celulose Ltda Rge Pte Ltd(Was75101w) Acq. of Assets - Divestiture Pulp Mills Paper (Except Newsprint) Mills Pending - Rumored Deal Morgan Stanley Friendly -

Consideration: Not Available ------05/24/18 Osaka Gas Co Ltd-Elec Power Cd Energy Direct Co Ltd Acq. of Assets - Divestiture Electric Power Distribution Electric Power Distribution Pending - Internal Reorganization Nomura Securities Friendly - Mitsubishi UFJ Morgan Stanley

Consideration: Not Available ------05/29/18 BMC Software Inc KKR & Co Inc Acq. of Assets - Leveraged Buyout 10/02/18 Dvlp enterprise mgmt software Private Equity Firm Completed - Financial Acquiror Credit Suisse Group Macquarie Capital (USA) Inc Friendly - Institutional Buyout Goldman Sachs & Co Mizuho Bank Ltd Jefferies LLC Morgan Stanley

Consideration: Not Available ------05/29/18 Grammer AG Jiye Auto Parts GmbH Acq. Maj. Int. 443.7 EUR Tender Offer 09/10/18 Motor Vehicle Seating and Inte Other Financial Vehicles Completed 443.7 EUR Morgan Stanley Goldman Sachs & Co Friendly 60.00 Macquarie Group Commerzbank AG VTB Capital

Consideration: EUR 60 (USD 69.732) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------05/30/18 China Network Systems Co Ltd Hong Shun Invest Co Ltd Merger 51,500.0 TW * Divestiture Pvd cable TV svcs Miscellaneous Intermediation Pending 51,500.0 TW * Financial Acquiror Morgan Stanley Citi Friendly -

Consideration: An estimated TWD 51.5 bil (USD 1.686 bil)/stock *Value Estimated ------05/31/18 LogRhythm Inc Thoma Bravo LLC Acq. Maj. Int. - Leveraged Buyout 07/02/18 Dvlp cyber defense software Private equity firm Completed - Financial Acquiror Morgan Stanley Friendly - Institutional Buyout

Consideration: Not Available ------05/31/18 Franklin Amer Mtg Co Inc Citizens Bank NA Acq. of Assets 511.0 US Not Applicable 08/01/18 Mortgage lender Commercial Banking Completed 511.0 US Morgan Stanley Friendly -

Consideration: USD 511 mil cash/assets ------05/31/18 GM Cruise Holdings LLC SoftBank Vision Fund LP Acq. Part. Int. 1,350.0 US Privately Negotiated Purchase Automobile Manufacturing Other Financial Vehicles Pending 1,350.0 US Financial Acquiror Mitsubishi UFJ Morgan Stanley Goldman Sachs & Co Friendly -

Consideration: USD 1.35 bil/undisclosed minority stake ------05/31/18 GM Cruise Holdings LLC SoftBank Vision Fund LP Acq. Part. Int. 900.0 US Privately Negotiated Purchase 06/30/18 Automobile Manufacturing Other Financial Vehicles Completed 900.0 US Financial Acquiror Mitsubishi UFJ Morgan Stanley Goldman Sachs & Co Friendly -

Consideration: USD 900 mil cash/undisclosed minority stake ------06/04/18 GitHub Inc Microsoft Corp Acq. of Assets 7,500.0 US Rumored Deal 10/26/18 Provides web-based hosting ser Develops and wholesales comput Completed 7,500.0 US Morgan Stanley Friendly -

Consideration: USD 7.5 bil shs com/assets ------06/05/18 Rawlings Sporting Goods Co Seidler Equity Partners LP Acq. of Assets 395.0 US * Divestiture 06/29/18 Manufactures and wholesales s Private equity firm Completed 395.0 US * Leveraged Buyout Morgan Stanley Bank of America Merrill Lynch Friendly - Financial Acquiror Goldman Sachs & Co Institutional Buyout

Consideration: An estimated USD 395 mil cash/ assets *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------06/07/18 Volotea SA Investor Group Acq. Part. Int. - Acquiror is an Investor Group 06/07/18 Scheduled Passenger Air Transp Investor group Completed - Privately Negotiated Purchase Morgan Stanley Neutral - Financial Acquiror

Consideration: Not Available ------06/08/18 Ant Small & Micro Finl Svcs Investor Group Acq. Part. Int. 89,390.0 CY Acquiror is an Investor Group 06/08/18 All Other Nondepository Credit Investor group Completed 89,390.0 CY Privately Negotiated Purchase Morgan Stanley Friendly - Financial Acquiror China International Capital Co Rumored Deal Deutsche Bank Citi CITIC Securities Co Ltd JP Morgan

Consideration: CNY 89.39 bil (USD 14 bil)/ undisclosed minority stake ------06/08/18 Vumatel (Pty) Ltd Cmnty Invest Vntr Hldg Pty Ltd Acq. Part. Int. - Privately Negotiated Purchase 06/08/18 Wired Telecommunications Carri Financial Sponsor Completed - Financial Acquiror Rand Merchant Bank Ltd Friendly - Rumored Deal Morgan Stanley SA

Consideration: Not Available ------06/08/18 Vumatel (Pty) Ltd Cmnty Invest Vntr Hldg Pty Ltd Merger - Leveraged Buyout Wired Telecommunications Carri Financial Sponsor Pending - Financial Acquiror Rand Merchant Bank Ltd Friendly - Institutional Buyout Morgan Stanley SA

Consideration: Not Available ------06/11/18 Envision Healthcare Corp KKR & Co LP Merger 9,505.8 US Leveraged Buyout 10/11/18 Offices Of Physicians (Except Private Equity Firm Completed 5,652.0 US Financial Acquiror JP Morgan Citi Friendly 46.00 Rumored Deal Evercore Partners Credit Suisse Group Institutional Buyout Guggenheim Securities LLC Morgan Stanley Barclays Goldman Sachs & Co Jefferies LLC UBS Investment Bank RBC Capital Markets HSBC Holdings PLC Mizuho Bank Ltd KKR Capital Markets LLC

Consideration: USD 46 cash/sh com; plus USD 74.324 mil/options ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------06/11/18 PTC Inc Rockwell Automation Inc Acq. Part. Int. 1,000.0 US Privately Negotiated Purchase 07/19/18 Software Reproducing manufactures power detection s Completed 1,000.0 US Morgan Stanley Goldman Sachs & Co Friendly 94.50

Consideration: USD 94.5/sh new com ------06/11/18 Adaptive Insights Inc Workday Inc Merger 1,550.0 US * Financial Acquiror 08/01/18 Develop CPM software Data Processing, Hosting, and Completed 1,550.0 US * Morgan Stanley Allen & Co Inc Friendly - Bank of America Merrill Lynch

Consideration: An estimated USD 1.55 bil cash/stock *Value Estimated ------06/13/18 Gateway Lifestyle Group Hometown Australia Hldg Pty Merger 790.4 AU Going Private 10/15/18 Offices Of Real Estate Agents Offices Of Real Estate Agents Completed 561.9 AU Tender Offer Fort Street Advisers Morgan Stanley Friendly 2.25 Tender/Merger Grant Samuel & Associates Pty Scheme of Arrangement Mandatory Offering Unsolicited Deal

Consideration: An amended AUD 2.25 (USD 1.68) cash/sh ord; previously an amended AUD 2.354 (USD 1.751) cash/sh ord; originally AUD 2. 1 (USD 1.59) cash/sh ord ------06/13/18 APA Group Investor Group Merger 22,232.8 AU Acquiror is an Investor Group Owns and operates a natural ga Investor group Withdrawn 12,978.8 AU Scheme of Arrangement Macquarie Group Morgan Stanley Friendly 11.00 Unsolicited Deal JP Morgan Platinum Securities Co Ltd Somerley Anglo Chinese Corp Finance

Consideration: AUD 11 (USD 8.328) cash/sh ord ------06/14/18 Anglo American Quellaveco SA Mitsubishi Corp Acq. Part. Int. 1,960.9 PS Privately Negotiated Purchase 08/16/18 Copper Ore and Nickel Ore Mini All Other Miscellaneous Manufa Completed 1,960.9 PS Mitsubishi UFJ Morgan Stanley Barclays Friendly - Goldman Sachs & Co

Consideration: PEN 1.634 bil (USD 500 mil) and up to PEN 326.82 mil (USD 100 mil) in profit-related payments/21.9% stake ------06/18/18 Corporate Ppty Assoc 17-Global WP Carey Inc Merger 5,493.1 US Stock Swap 10/31/18 Real estate investment trust Lessors Of Other Real Estate P Completed 5,749.7 US Morgan Stanley JP Morgan Friendly 10.73 Barclays PLC

Consideration: 0.16 sh com/sh com; plus the assumption of USD 2.1 bil in liabilities/com ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: Not Available ------06/19/18 Cotiviti Holdings Inc Verscend Tech Inc Merger 4,842.8 US Going Private 08/27/18 Financial Transactions Process Provides healthcare data and a Completed 4,282.4 US Financial Acquiror Goldman Sachs & Co Morgan Stanley Friendly 44.75 William Blair & Co Houlihan Lokey JP Morgan

Consideration: USD 44.75 cash/sh com; plus USD 123.268 mil cash/shs/ options ------06/19/18 Worldwide Flight Services Cerberus Capital Management LP Acq. of Assets 1,200.0 EUR* Divestiture 10/02/18 Other Support Activities For A Financial Sponsor Completed 1,200.0 EUR* Leveraged Buyout Bank of America Merrill Lynch Citigroup Global Markets Ltd Friendly - Financial Acquiror Morgan Stanley Rumored Deal Secondary Buyout Institutional Buyout

Consideration: an estimated EUR 1.2 bil (USD 1.395 bil) cash/assets *Value Estimated ------06/19/18 Fft Gmbh & Co Kgaa Fosun International Ltd Acq. of Assets - Divestiture Miscellaneous Financial Invest Insurance Agencies and Brokera Pending - Morgan Stanley Friendly -

Consideration: Not Available ------06/20/18 Apn Outdoor Grp Ltd JCDecaux SA Merger 1,216.9 AU Scheme of Arrangement 10/31/18 Display Advertising Display Advertising Completed 1,118.9 AU Unsolicited Deal Morgan Stanley Goldman Sachs & Co Friendly 6.70 Cadence Advisory Partners LLC

Consideration: A sweetened AUD 6.7 (USD 4. 967) cash/sh ord; originally AUD 6.52 (USD 4.812) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------06/20/18 Web.com Group Inc Siris Capital Group LLC Merger 2,063.8 US Going Private 10/11/18 Pvd online mktg svcs Private equity firm Completed 1,450.7 US Leveraged Buyout Bank of America Merrill Lynch Morgan Stanley Friendly 28.00 Financial Acquiror JP Morgan RBC Capital Markets Institutional Buyout Macquarie Capital Partners LLC

Consideration: A sweetened USD 28 cash/sh com plus USD 56.873 mil/ options; originally USD 25 cash/sh com plus USD 41.075 mil/options ------06/21/18 Sky Aviation Leasing Intl Ltd Goshawk Aviation Ltd Acq. of Assets - Divestiture 09/17/18 Commercial Air, Rail, and Wate Air Traffic Control Completed - Morgan Stanley JP Morgan Friendly -

Consideration: Not Available ------06/22/18 Modular Space Holdings Inc WillScot Corp Merger 1,142.2 US * Not Applicable 08/15/18 Truck, Utility Trailer, and Rv General Warehousing and Storag Completed 1,142.2 US * Moelis & Co Barclays Friendly - Bank of America Merrill Lynch Oppenheimer & Co Inc Morgan Stanley Deutsche Bank Rothschild & Co

Consideration: An estimated USD 1.064 bil cash/com plus 6.459 mil shs com plus undisclosed amount in warrants *Value Estimated ------06/26/18 Sid Richardson Carbon & Tokai Carbon Co Ltd Acq. of Assets 310.7 US Not Applicable 09/01/18 Mnfr carbon black Manufacture and sale of variou Completed 310.7 US Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: USD 310.685 mil/assets ------06/27/18 Pinnacle Foods Inc Conagra Brands Inc Merger 10,824.1 US Rumored Deal 10/26/18 Frozen Specialty Food Manufact Produce, whl, ret food product Completed 8,150.2 US Evercore Partners Goldman Sachs & Co Friendly 67.94 Credit Suisse Group Centerview Partners LLC Morgan Stanley Rothschild & Co

Consideration: USD 43.11 cash plus 0.6494 sh com/sh com; plus USD 53.2 mil/ options ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------06/27/18 Eagleview Technology Corp Clearlake Capital Group LP Acq. Part. Int. - Privately Negotiated Purchase Software Publishers Private equity firm Pending - Financial Acquiror Atlas Technology Group LLC Morgan Stanley Friendly - William Blair & Co Barclays Credit Suisse Group Goldman Sachs & Co Macquarie Capital Group Ltd Shea & Co LLC Evercore Partners

Consideration: Not Available ------06/27/18 Wireless Logic Group Ltd Montagu Private Equity LLP Acq. of Assets - Divestiture Wired Telecommunications Carri Private equity firm Pending - Leveraged Buyout William Blair & Co Arma Partners LLP Friendly - Financial Acquiror Morgan Stanley Secondary Buyout Institutional Buyout

Consideration: Not Available ------06/28/18 CaixaBank SA-Real Estate Bus Lone Star Fund X(US)LP Acq. Maj. Int. 3,974.0 EUR Divestiture 12/20/18 Lessors Of Other Real Estate P Other Financial Vehicles Completed 3,974.0 EUR Property Acquisition Morgan Stanley DELOITTE (Spanish Office) Friendly - Financial Acquiror

Consideration: EUR 3.974 bil (USD 4.591 bil)/ 80% ownership interest ------06/29/18 DSM Sinochem Pharms Ltd Bain Capital Private Equity LP Acq. of Assets 909.5 SG Divestiture 10/31/18 Pharmaceutical Preparation Man Private Equity Firm Completed 909.5 SG Leveraged Buyout Rothschild & Co Morgan Stanley Friendly - Financial Acquiror Rumored Deal Institutional Buyout

Consideration: Up to SGD 79.089 mil (USD 57. 835 mil) in profit-related payments plus SGD 830.439 mil (USD 607.267 mil) cash/assets ------06/29/18 Power Prod Llc-Global Marine Brunswick Corp Acq. of Assets 910.0 US Divestiture 10/01/18 Other Electronic Component Man Mnfr, whl boats,marine engines Completed 910.0 US Morgan Stanley Friendly - Morgan Stanley Senior Funding

Consideration: USD 910 mil cash/assets ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------07/02/18 Bakercorp International United Rentals Inc Merger 715.0 US * Not Applicable 07/31/18 Support Activities For Oil and Pvd equipment rental services Completed 715.0 US * Morgan Stanley Centerview Partners LLC Friendly - Deutsche Bank

Consideration: An estimated USD 715 mil/ stock *Value Estimated ------07/02/18 Acxiom-Acxiom Mktg Sol Bus Interpublic Group Of Cos Inc Acq. of Assets 2,300.0 US Divestiture 10/01/18 Marketing Consulting Services Pvd marketing,advertising svcs Completed 2,300.0 US Evercore Partners Citi Friendly - Morgan Stanley JP Morgan

Consideration: USD 2.3 bil cash/assets ------07/02/18 VMware Class V Tracking Stock Dell Technologies Inc Acq. of Assets 31,695.6 US Divestiture 12/28/18 Electronic Computer Manufactur Electronic Computer Manufactur Completed 31,695.6 US Evercore Partners Bank of America Merrill Lynch Friendly - UBS Investment Bank Barclays Goldman Sachs & Co Credit Suisse Group Wells Fargo Securities LLC Moelis & Co Citi Morgan Stanley

Consideration: A sweetened choice of 1.5043 class C sh com or USD 120 cash/class V tracking stock, subject to proration whereby cash was not to exceed USD 14 bil; Originally, a choice of 1.3665 class C sh com or USD 109 cash/class V tracking stock, subject to proration whereby cash was not to exceed USD 9 bil ------07/03/18 Affinion Group-Ins Sol Div Mill Point Capital Partners LP Acq. of Assets 550.0 US * Divestiture 08/15/18 Insurance Agencies and Brokera Financial Sponsor Completed 550.0 US * Leveraged Buyout Morgan Stanley Jefferies & Co Inc Friendly - Financial Acquiror Jefferies Finance LLC Institutional Buyout

Consideration: An estimated USD 550 mil cash/ assets *Value Estimated ------07/05/18 Generali Deut-Generali Lieben Viridium Holding AG Acq. Maj. Int. 1,900.0 EUR* Divestiture Direct Life Insurance Carriers Direct Life Insurance Carriers Pending 1,900.0 EUR* Financial Acquiror Morgan Stanley & Co. Intl plc Bank of America Merrill Lynch Friendly - Rumored Deal

Consideration: An estimated EUR 1.9 bil (USD 2.214 bil) cash/89.9% ownership interest *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------07/09/18 Data 4 SAS AXA Real Estate Invest Mgrs SA Merger - Divestiture 07/09/18 Data Processing, Hosting, and Real estate investment firm Completed - Morgan Stanley Friendly -

Consideration: Not Available ------07/10/18 Yahoo Japan Corp Yahoo Japan Corp Buyback 220,000.0 Y Self-Tender 08/09/18 Pvd Internet search svcs Pvd Internet search svcs Completed 220,000.0 Y Tender Offer Nomura Securities Mitsubishi UFJ Morgan Stanley Not Appl. 360.00 Mizuho Securities Co Ltd

Consideration: JPY 360 (USD 3.248) cash/sh ord ------07/10/18 Yahoo Japan Corp Softbank Corp Acq. Part. Int. 221,000.0 Y Tender Offer 08/08/18 Pvd Internet search svcs Wireless Telecommunications Ca Completed 221,000.0 Y Rumored Deal Mitsubishi UFJ Morgan Stanley Nomura Securities Friendly 360.00 JP Morgan Goldman Sachs & Co

Consideration: JPY 360 (USD 3.248) cash/sh ord ------07/11/18 Ca Inc Broadcom Inc Merger 18,259.2 US Rumored Deal 11/05/18 Develops info tech mgmt softwa Semiconductor and Related Devi Completed 18,828.2 US Qatalyst Partners Deutsche Bank Friendly 44.50 Bank of America Merrill Lynch Barclays JP Morgan Morgan Stanley Credit Suisse Group Citi Wells Fargo Securities LLC

Consideration: USD 44.5 cash/sh com plus USD 44.5 cash/RSU plus USD 44.5 cash/PSU; plus USD 65.096 mil/ option ------07/11/18 Weatherford Intl-Drill Ops(4) ADES International Holding Ltd Acq. of Assets 4,694.8 DZD Divestiture 02/27/19 Oil and Gas Field Machinery an Crude Petroleum and Natural Ga Completed 4,694.8 DZD Morgan Stanley Friendly -

Consideration: Not Available ------07/11/18 Weatherford Intl-Drill Ops(2) ADES International Holding Ltd Acq. of Assets 2,347.4 DZD Divestiture 03/25/19 Oil and Gas Field Machinery an Crude Petroleum and Natural Ga Completed 2,347.4 DZD Morgan Stanley Friendly -

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------07/11/18 Weatherford Intl Plc-Drilling ADES International Holding Ltd Acq. of Assets 37.2 KD Divestiture 11/01/18 Crude Petroleum and Natural Ga Crude Petroleum and Natural Ga Completed 37.2 KD Morgan Stanley Friendly -

Consideration: KWD 37.16 mil (USD 123 mil)/ assets ------07/11/18 Weatherford Intrnatl-Drilling ADES International Holding Ltd Acq. of Assets 346.9 SR Divestiture 12/03/18 Oil and Gas Field Machinery an Crude Petroleum and Natural Ga Completed 346.9 SR Morgan Stanley Friendly -

Consideration: Not Available ------07/12/18 eASIC Corp Intel Corp Acq. of Assets - Not Applicable Manufacture semiconductors Manufacture,wholesale semicond Pending - Morgan Stanley Friendly -

Consideration: Not Available ------07/12/18 PT Indocopper Investama PT Indonesia Asahan Aluminium Merger 5000000.0 RH Divestiture 12/21/18 Copper mining company Custom Roll Forming Completed 5000000.0 RH Morgan Stanley Friendly -

Consideration: IDR 5000 bil (USD 350 mil) cash/stock ------07/13/18 Sonae Sierra SGPS SA Sonae SGPS SA Acq. Part. Int. 255.9 EUR Privately Negotiated Purchase 09/12/18 Lessors Of Nonresidential Buil Own and operate shopping cente Completed 255.9 EUR Morgan Stanley Friendly -

Consideration: EUR 255.9 mil (USD 298.661 mil) cash/ 20% stake ------07/16/18 Dominion Voting Systems Corp Dominion Voting Sys Corp SPV Acq. of Assets - Leveraged Buyout 07/16/18 Pvd information tech svcs Other Financial Vehicles Completed - Financial Acquiror Stifel Nicolaus & Co Inc Friendly - Institutional Buyout Morgan Stanley

Consideration: Not Available ------07/16/18 MegaFon MegaFon Buyback 70,306.8 RR Self-Tender 09/06/18 Wireless Telecommunications Ca Wireless Telecommunications Ca Completed 70,306.8 RR Tender Offer Morgan Stanley Not Appl. 609.68 Credit Suisse UBS UBS Investment Bank

Consideration: RUB 609.68 (USD 9.75) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: An estimated USD 1 bil/assets *Value Estimated ------07/16/18 VTG AG Warwick Holding GmbH Acq. Maj. Int. 634.4 EUR* Tender Offer 12/19/18 Commercial Air, Rail, and Wate Miscellaneous Financial Invest Completed 634.4 EUR* Unsolicited Deal Rothschild & Co JP Morgan Unsolic. 53.00 Morgan Stanley

Consideration: An estimated EUR 53 (USD 61. 931) cash/sh ord *Value Estimated ------07/17/18 Navex Global Inc Navex Global Inc Spv Acq. Maj. Int. - Acquiror is an Investor Group 07/17/18 Pvd entrp risk solutions svcs Other Financial Vehicles Completed - Divestiture Morgan Stanley Shea & Co LLC Friendly - Leveraged Buyout Financial Acquiror Institutional Buyout

Consideration: Not Available ------07/17/18 Lineage Logistics LLC Investor Group Acq. Part. Int. 700.0 US Acquiror is an Investor Group 07/17/18 Process, Physical Distribution Investor group Completed 700.0 US Privately Negotiated Purchase Morgan Stanley Friendly - Financial Acquiror Credit Suisse Group

Consideration: USD 700 mil/undisclosed minority stake ------07/18/18 Phillips Edison Grocery Ctr Phillips Edison & Co Inc Merger 1,709.7 US Stock Swap 11/16/18 Real estate investment trust Provides real estate investmen Completed 875.8 US Morgan Stanley Bank of America Merrill Lynch Friendly 18.69 Citi Goldman Sachs & Co

Consideration: 2.04 shs com/com ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------07/23/18 Coriant Gmbh Infinera Corp Merger 418.2 US * Divestiture 10/01/18 Computer Systems Design Servic Mnfr photonic circuit Completed 418.2 US * Stock Swap Moelis & Co Morgan Stanley Friendly -

Consideration: An estimated USD 230 mil cash plus 20.975 mil shs com/stock *Value Estimated ------07/24/18 Inversiones Andino SA Union Andina de Cementos SAA Merger - Divestiture Investment company Manufacture cement Pending - Stock Swap JP Morgan Morgan Stanley Friendly - Four-Way Merger

Consideration: Not Available ------07/24/18 Sindicato de Inversiones y Adm Union Andina de Cementos SAA Merger 411.9 PS Divestiture Investment Advice Manufacture cement Pending 411.9 PS Stock Swap JP Morgan Morgan Stanley Friendly - Four-Way Merger

Consideration: Not Available ------07/24/18 Inmobiliaria Pronto SA Union Andina de Cementos SAA Merger - Stock Swap Other Activities Related To Re Manufacture cement Pending - Four-Way Merger Morgan Stanley Friendly -

Consideration: Not Available ------07/25/18 Essen Tech (Beijing) Co Ltd Terumo (China) Holding Co Ltd Merger 1,189.0 CY * Divestiture 12/28/18 Surgical and Medical Instrumen Miscellaneous Financial Invest Completed 1,189.0 CY * Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: An estimated up to CNY 310 mil (USD 45.647 mil) in profit-related payments plus CNY 879 mil (USD 129.432 mil)/ stock *Value Estimated ------07/26/18 Kiko SpA Peninsula Capital SaRL Acq. Part. Int. 80.0 EUR Privately Negotiated Purchase 07/26/18 Soap and Other Detergent Manuf Financial Sponsor Completed 80.0 EUR Financial Acquiror Rothschild & Co Morgan Stanley Friendly - Lazard

Consideration: Not Available ------07/26/18 Bay Club Co LLC KKR & Co Inc Acq. of Assets - Leveraged Buyout Fitness and Recreational Sport Private Equity Firm Pending - Financial Acquiror Morgan Stanley Citi Friendly - Institutional Buyout North Point Advisor LLC

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: An estimated USD 10.5 bil cash/stock *Value Estimated ------07/30/18 Gurunavi Inc Rakuten Inc Acq. Part. Int. 4,055.5 Y Privately Negotiated Purchase 08/22/18 Internet Publishing and Broadc Internet Publishing and Broadc Completed 4,055.5 Y SMBC Nikko Securities Inc Morgan Stanley Friendly 867.00

Consideration: JPY 867 (USD 7.809) cash/sh ord ------07/30/18 Food Services of America Inc US Foods Holding Corp Acq. of Assets 1,800.0 US * Divestiture Wholesales grocery products Wholesales groceries and relat Pending 1,800.0 US * Morgan Stanley Centerview Partners LLC Friendly -

Consideration: An estimated USD 1.8 bil cash/ assets *Value Estimated ------07/30/18 Williams Partners Lp-Four Harvest Midstream Co Acq. of Assets 1,125.0 US * Divestiture 10/01/18 Crude Petroleum and Natural Ga Natural Gas Distribution Completed 1,125.0 US * Morgan Stanley Friendly -

Consideration: An estimated USD 1.125 bil cash/assets *Value Estimated ------07/30/18 Amerifresh Inc US Foods Holding Corp Acq. of Assets - Divestiture Wholesales fruits and vegetabl Wholesales groceries and relat Pending - Morgan Stanley Centerview Partners LLC Friendly -

Consideration: Not Available ------07/30/18 Ameristar Meats Inc US Foods Holding Corp Acq. of Assets - Divestiture Produces meat Wholesales groceries and relat Pending - Morgan Stanley Centerview Partners LLC Friendly -

Consideration: Not Available ------07/30/18 Gampac Inc US Foods Holding Corp Acq. of Assets - Divestiture Provides third party logistics Wholesales groceries and relat Pending - Morgan Stanley Centerview Partners LLC Friendly -

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------07/30/18 Sys Svcs Of America Inc US Foods Holding Corp Acq. of Assets - Divestiture Provides food service distribu Wholesales groceries and relat Pending - Morgan Stanley Centerview Partners LLC Friendly -

Consideration: Not Available ------07/30/18 Nile Acq Llc Sony Corp of America Acq. Rem. Int. 287.5 US Not Applicable 07/30/18 Miscellaneous Financial Invest Manufacture, wholesale audio,v Completed 287.5 US Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: USD 287.5 mil/25.1% stake ------07/31/18 Forest City Realty Trust Inc Brookfield Asset Management Merger 11,400.0 US Financial Acquiror 12/07/18 Real estate investment trust Provides asset management serv Completed 11,400.0 US Lazard Bank of America Merrill Lynch Friendly 25.35 Goldman Sachs & Co Barclays Morgan Stanley BMO Capital Markets Citi Deutsche Bank RBC Capital Markets Toronto-Dominion Bank Moelis & Co Scotiabank CIBC World Markets Inc

Consideration: USD 25.35 cash/sh com; plus USD 4.599 bil in consolidated & unconsolidated debt; plus USD 10.416 mil/options ------07/31/18 Eze Software Group LLC SS&C Technologies Holdings Inc Acq. of Assets 1,450.0 US Divestiture 10/01/18 Software Publishers Dvlp mission-critical software Completed 1,450.0 US Rumored Deal Morgan Stanley & Co LLC Credit Suisse Group Friendly -

Consideration: USD 1.45 bil cash/assets ------08/01/18 Custom Fluidpower Pty Ltd Sun Hydraulics Corp Merger 35.9 AU Stock Swap 08/01/18 Pvd engineering svcs Fluid Power Valve and Hose Fit Completed 35.9 AU Morgan Stanley Friendly -

Consideration: AUD 12.6 mil (USD 9.357 mil) cash plus 0.333 mil shs com/ stock ------08/02/18 MaxamCorp Holding SL Rhone Capital LLC Acq. Part. Int. - Privately Negotiated Purchase Explosives Manufacturing Private equity firm Pending - Financial Acquiror Alantra Partners SA Lazard Freres & Co LLC Friendly - Rumored Deal Morgan Stanley DELOITTE (Spanish Office)

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------08/03/18 BFI Finance Indonesia Tbk PT Starfin Acq. Part. Int. - Privately Negotiated Purchase Provide financing services Special Purpose Finance Compan Pending - Morgan Stanley Neutral -

Consideration: Not Available ------08/03/18 BFI Finance Indonesia Tbk PT Compass Banca SpA Acq. Part. Int. - Privately Negotiated Purchase Provide financing services Sales Financing Pending - Rumored Deal Morgan Stanley Neutral - Credit Suisse Group

Consideration: Not Available ------08/06/18 Avnera Corp Skyworks Solutions Inc Acq. of Assets 425.0 US Not Applicable 08/17/18 Semiconductor and Related Devi Mnfr,whl signal semiconductors Completed 425.0 US Morgan Stanley Friendly -

Consideration: USD 405 mil cash plus up to USD 20 mil in profit-related payments/assets ------08/07/18 Intl Equip Solutions LLC- Stanley Black & Decker Inc Acq. of Assets 690.0 US Divestiture 03/08/19 Industrial Machinery and Equip Manufacture hardware products Completed 690.0 US Deutsche Bank Morgan Stanley Friendly -

Consideration: USD 690 mil cash/assets ------08/08/18 Avolon Holdings Ltd Orix Aviation Systems Ltd Acq. Part. Int. 1,907.4 EUR Privately Negotiated Purchase 11/05/18 Aircraft Leasing and Lease Man Commercial Air, Rail, and Wate Completed 1,907.4 EUR Rumored Deal Morgan Stanley Deloitte Tohmatsu FA Friendly -

Consideration: EUR 1.907 bil (USD 2.212 bil)/ 30% stake ------08/09/18 PT Agincourt Resources Pt Danusa Tambang Nusantara Acq. Maj. Int. 14492754 RH * Divestiture 12/04/18 Gold Ore Mining Gold Ore Mining Completed 14492754 RH * Morgan Stanley Friendly - Deutsche Bank Greenhill & Co, LLC

Consideration: An estimated IDR 14492.754 bil (USD 1 bil)/95% interest *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------08/20/18 Keystone Foods LLC Tyson Foods Inc Merger 2,160.0 US * Divestiture 11/30/18 Produces frozen animal protein Produces, wholesales poultry a Completed 2,160.0 US * Rumored Deal JP Morgan Morgan Stanley Friendly - Banco Bradesco SA Cooperatieve Rabobank UA

Consideration: An estimated USD 2.16 bil cash/stock *Value Estimated ------08/23/18 JOLED Inc Investor Group Acq. Part. Int. 47,000.0 Y Acquiror is an Investor Group 08/23/18 Audio and Video Equipment Manu Investor group Completed 47,000.0 Y Privately Negotiated Purchase Mitsubishi UFJ Morgan Stanley Mizuho Securities Co Ltd Friendly - Rumored Deal

Consideration: JPY 47 bil (USD 425.162 mil) cash/undisclosed minority stake ------08/28/18 Adapt Pharma Ltd Emergent Biosolutions Inc Merger 629.4 EUR* Not Applicable 10/15/18 Pharmaceutical Preparation Man Manufactures biopharmaceutical Completed 629.4 EUR* Bank of America Merrill Lynch Morgan Stanley Friendly -

Consideration: An estimated EUR 492.421 mil (USD 575 mil) cash/stock; plus EUR 51.383 mil (USD 60 mil) shs com; plus up to EUR 85.638 mil (USD 100 mil) in profit-related payments *Value Estimated ------08/28/18 Cyprus Holdings PLC- Non-perfo Apollo Global Management LLC Acq. of Assets 1,400.0 EUR* Divestiture Consumer Lending Private equity firm Pending 1,400.0 EUR* Leveraged Buyout Morgan Stanley & Co Intl PLC Friendly - Financial Acquiror KPMG Peat Marwick LLP Rumored Deal Alantra Partners SA Institutional Buyout

Consideration: An estimated EUR 1.4 bil (USD 1.635 bil) cash/assets *Value Estimated ------08/31/18 WestConnex Motorway- Investor Group Acq. Maj. Int. 9,300.0 AU * Acquiror is an Investor Group 09/27/18 Own op highway Investor group Completed 9,300.0 AU * Divestiture Goldman Sachs & Co UBS Investment Bank Friendly - Privatization Macquarie Group Morgan Stanley

Consideration: An estimated AUD 9.3 bil (USD 6.755 bil)/51% ownership interest *Value Estimated ------08/31/18 Nittoc Constr Co Ltd An Holdings Acq. Maj. Int. 5,291.4 Y Tender Offer 10/17/18 Pvd constr svcs Other Financial Vehicles Completed 5,291.4 Y Takanosogo Consultingg Mitsubishi UFJ Morgan Stanley Friendly 780.00

Consideration: JPY 780 (USD 7.029) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------08/31/18 Costa Ltd Coca-Cola Co Merger 3,900.0 STG Divestiture 01/03/19 Produce,wholesale coffee beans Soft Drink Manufacturing Completed 3,900.0 STG Rumored Deal Morgan Stanley Rothschild & Co Friendly - Goldman Sachs & Co Deutsche Bank

Consideration: GBP 3.9 bil (USD 5.073 bil) cash/stock ------09/04/18 Investa Office Fund Oxford Properties Group Inc Merger 4,097.3 AU Scheme of Arrangement 12/06/18 Lessors Of Nonresidential Buil Lessors Of Nonresidential Buil Completed 3,016.0 AU Rumored Deal Macquarie Capital (Australia) Morgan Stanley Unsolic. 5.60 Unsolicited Deal JP Morgan Australia Ltd KPMG

Consideration: A sweetened AUD 5.6 (USD 4. 014) cash/sh ord; originally AUD 5.5 (USD 3.966) cash/sh ord ------09/05/18 Nevsun Resources Ltd Zijin Mining Group Co Ltd Merger 1,648.4 C Acquiror is a White Knight 03/12/19 Gold,base metal mining company Gold Ore Mining Completed 1,815.6 C Tender Offer Citi Morgan Stanley Friendly 6.00 Tender/Merger BMO Capital Markets China CITIC Bank Corp Ltd Mandatory Offering

Consideration: CAD 6 (USD 4.55) cash/sh com; plus CAD 19.181 mil (USD 14. 546 mil)/options ------09/05/18 Orange Life Insurance Co Ltd Shinhan Financial Group Ltd Acq. Maj. Int. 2298900.0 WON Divestiture 02/01/19 Direct Life Insurance Carriers Pvd finl svcs Completed 2298900.0 WON Rumored Deal Morgan Stanley JP Morgan Friendly -

Consideration: KRW 2298.9 bil (USD 2.058 bil) cash/ord ------09/06/18 Dow Inc Shareholders Acquisition 55,252.9 US Acquiror is an Investor Group 04/01/19 Plastics Material and Resin Ma Investor group Completed 40,209.9 US Divestiture Morgan Stanley Not Appl. 53.50 Spinoff Goldman Sachs & Co JP Morgan Credit Suisse Group Evercore Partners

Consideration: 1 Dow com shs/3 DowDuPont com shs ------09/07/18 Hollard Holdings (Pty) Ltd Tokio Marine Holdings Inc Acq. Part. Int. 5,000.0 SAR* Privately Negotiated Purchase Insurance company Other Direct Insurance (Except Pending 5,000.0 SAR* Morgan Stanley Friendly -

Consideration: An estimated ZAR 5 bil (USD 326.4 mil) cash/22.5% stake *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------09/10/18 Engility Holdings Inc Science Applications Intl Corp Merger 2,380.3 US Stock Swap 01/14/19 Pvd government consulting svcs Computer Systems Design Servic Completed 2,394.9 US Guggenheim Securities LLC Citigroup Global Markets Inc Friendly 40.44 Morgan Stanley Stone Key Partners

Consideration: 0.45 sh com/sh com plus assumption of USD 900 mil in liabilities/com ------09/10/18 BlueLine Rental LLC United Rentals Inc Acq. of Assets 2,100.0 US * Divestiture 10/31/18 Construction, Mining, and Fore Pvd equipment rental services Completed 2,100.0 US * Barclays Morgan Stanley Friendly - Catalyst Strategic Advisors Centerview Partners LLC

Consideration: An estimated USD 2.1 bil cash/ assets *Value Estimated ------09/10/18 Integrated Device Technology Renesas Electronics Corp Merger 6,494.1 US Rumored Deal 03/29/19 Mnfr,wholesale semiconductors Semiconductor and Related Devi Completed 6,344.4 US JP Morgan Mitsubishi UFJ Morgan Stanley Friendly 49.00 Bank of America Merrill Lynch Mizuho Securities Co Ltd

Consideration: USD 49 cash/sh com; plus USD 31.878 mil/options ------09/12/18 Inversiones Neltume Ltda ATCO Ltd Acq. Part. Int. 239,855.0 CE * Privately Negotiated Purchase 09/12/18 Port and Harbor Operations Electric,gas utility;hldg co Completed 239,855.0 CE * BNP Paribas SA Morgan Stanley Friendly -

Consideration: An estimated CLP 239.855 bil (USD 344.432 mil) new shs ord/ 40% stake *Value Estimated ------09/12/18 Natixis SA-Specialized Fin Bus BPCE SA Acq. of Assets 791.1 EUR Divestiture 02/12/19 Consumer Lending Commercial Banking Completed 791.1 EUR Internal Reorganization Morgan Stanley D'Angelin & Co Friendly - Natixis Banque Populaire Groupe Caisses d'Epargne Rothschild & Co

Consideration: EUR 791.1 mil (USD 918.072 mil)/assets; whereby the consideration was prorated at 29.3% based on the percentage not held in Natixis by BPCE ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------09/12/18 Sedgwick Claims Mgmt Svcs Inc The Carlyle Group LP Acq. Maj. Int. 6,700.0 US * Divestiture 12/31/18 Pvd claims administration svcs Financial Sponsor Completed 6,700.0 US * Leveraged Buyout Bank of America Merrill Lynch Morgan Stanley Friendly - Financial Acquiror Sandler O'Neill Partners Rumored Deal Bank of America Merrill Lynch Secondary Buyout KKR Capital Markets LLC Institutional Buyout SunTrust Robinson Humphrey BNP Paribas SA Citizens Bank NA Mitsubishi UFJ Financial Group Fifth Third Bank ING Capital Corp GIC Pte Ltd HPS Investment Partners LLC Oak Hill Advisors Public Sector Pension Invest

Consideration: An estimated USD 6.7 bil cash/ undisclosed majority interest *Value Estimated ------09/17/18 Testa Residencial SOCIMI SA Tropic Re Hldg Sl Acq. Maj. Int. 1,527.9 EUR* Leveraged Buyout 12/21/18 Lessors Of Other Real Estate P Other Financial Vehicles Completed 1,527.9 EUR* Tender Offer Santander Corp & Invest Bkg Morgan Stanley Friendly 14.33 Financial Acquiror Credit Suisse Group PricewaterhouseCoopers Unsolicited Deal Bank of America Merrill Lynch Institutional Buyout

Consideration: An estimated EUR 14.327 (USD 16.659) cash/sh ord *Value Estimated ------09/17/18 Aramark-Healthcare Tech Bus TriMedX Acq. of Assets 300.0 US Divestiture All Other Miscellaneous Ambula Pvd medical equipment svcs Pending 300.0 US Morgan Stanley Friendly -

Consideration: USD 300 mil/assets ------09/17/18 MultiChoice Group Ltd Shareholders Acquisition 70,899.2 SAR Acquiror is an Investor Group 02/27/19 Motion Picture and Video Produ Investor group Completed 46,521.2 SAR Divestiture Citi Not Appl. 106.01 Spinoff Morgan Stanley

Consideration: ZAR 106.01 mil (USD 7.664 mil) shs ord/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------09/17/18 Lucid Motors Inc Public Investment Fund Acq. Part. Int. 1,000.0 US * Privately Negotiated Purchase 04/03/19 Electric automobiles Sovereign Wealth Fund Completed 1,000.0 US * Financial Acquiror Morgan Stanley Friendly -

Consideration: An estimated USD 1 bil/ undisclosed minority stake *Value Estimated ------09/20/18 Marketo Inc Adobe Systems Inc Acq. of Assets 4,750.0 US * Divestiture 10/31/18 Software Publishers Develop software Completed 4,750.0 US * Rumored Deal Morgan Stanley JP Morgan Friendly -

Consideration: An estimated USD 4.75 bil/ assets *Value Estimated ------09/24/18 Pandora Media Inc Sirius XM Holdings Inc Merger 3,051.3 US Stock Swap 02/01/19 Own,op Internet radio station Radio Stations Completed 2,716.2 US Financial Acquiror Centerview Partners LLC Allen & Co Inc Friendly 10.05 LionTree Advisors LLC Bank of America Merrill Lynch Morgan Stanley

Consideration: 1.44 shs com/sh com plus 4. 975 mil/options ------09/24/18 Randgold Resources Ltd Barrick Gold Corp Merger 4,180.8 STG Stock Swap 01/02/19 Gold Ore Mining Gold Ore Mining Completed 4,635.7 STG Scheme of Arrangement Canadian Imperial Bk Commerce Morgan Stanley Friendly 49.07 Rumored Deal Barclays M Klein & Co LLC

Consideration: GBP 0.029 mil (USD 0.038 mil)/ options; plus 6.128 shs com/ sh ord ------09/25/18 DSG (Cayman) Ltd Unicharm Corp Merger 17,182.7 BA Divestiture 09/25/18 Sanitary Paper Product Manufac Mnfr,whl sanitary paper prod Completed 17,182.7 BA Mitsubishi UFJ Morgan Stanley Nomura Securities Friendly - PricewaterhouseCoopers

Consideration: THB 17.183 bil (USD 530 mil) cash/stock ------09/27/18 United Group BV BC Partners LLP Acq. Maj. Int. - Divestiture 03/04/19 Wired Telecommunications Carri Private equity firm Completed - Leveraged Buyout Credit Suisse Morgan Stanley Friendly - Financial Acquiror JP Morgan LionTree Advisors LLC Rumored Deal Institutional Buyout

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------09/27/18 M1 Ltd Konnectivity Pte Ltd Acq. Maj. Int. 1,169.2 SG Tender Offer 03/18/19 Provide telecommunication serv Miscellaneous Intermediation Completed 1,169.2 SG Morgan Stanley DBS Bank Ltd Friendly 2.06 Credit Suisse Group United Overseas Bank Ltd

Consideration: SGD 2.06 (USD 1.509)/sh ord ------09/28/18 Asp Unifrax Holdings Inc Ulysses Parent Inc Merger - Divestiture Other Chemical and Allied Prod Miscellaneous Intermediation Pending - Leveraged Buyout Goldman Sachs & Co Morgan Stanley Friendly - Financial Acquiror William Blair & Co Credit Suisse Institutional Buyout UBS Investment Bank RBC Capital Markets Stifel Nicolaus & Co Inc

Consideration: Not Available ------09/28/18 Sumitomo Mitsui Card Co Ltd Sumitomo Mitsui Finl Grp Inc Acq. Rem. Int. - Not Applicable Credit Card Issuing Commercial Banking Pending - Mitsubishi UFJ Morgan Stanley SMBC Nikko Securities Inc Friendly -

Consideration: Not Available ------10/03/18 Forth Ports Ltd Public Sector Pension Acq. Maj. Int. - Divestiture 10/03/18 Port and Harbor Operations Portfolio Management Completed - Morgan Stanley Rothschild & Co Friendly -

Consideration: Not Available ------10/03/18 Hortonworks Inc Cloudera Inc Merger 1,770.8 US Stock Swap 01/03/19 Software Publishers Provides data management softw Completed 1,872.0 US Merger of Equals Qatalyst Partners Morgan Stanley Friendly 22.06

Consideration: 1.305 shs com/sh com; plus USD 40.84 mil shs com/options ------10/03/18 GM Cruise Holdings LLC Honda Motor Co Ltd Acq. Part. Int. 750.0 US Privately Negotiated Purchase 10/03/18 Automobile Manufacturing Automobile Manufacturing Completed 750.0 US Morgan Stanley PricewaterhouseCoopers Friendly -

Consideration: USD 750 mil cash/5.7% stake ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------10/08/18 Rocket Software Inc Bain Capital Private Equity LP Acq. Maj. Int. - Leveraged Buyout Develop enterprise software Private Equity Firm Pending - Financial Acquiror Morgan Stanley & Co LLC Friendly - Institutional Buyout Credit Suisse

Consideration: Not Available ------10/08/18 Rowan Cos PLC Ensco PLC Merger 3,102.5 US Stock Swap 04/11/19 Provides oil, gas contract dri Provides oil, gas contract dri Completed 1,618.3 US Scheme of Arrangement Goldman Sachs & Co Morgan Stanley Friendly 12.62 HSBC Securities (USA) Inc Citi

Consideration: A sweetened 2.75 new Class A shs ord/sh com; Previously, an amended 2.6 new Class A shs ord/sh com; Originally, 2. 215 new Class A shs ord/sh com; plus USD 0.775 mil/ options ------10/09/18 Antero Midstream Partners LP Antero Midstream GP LP Acq. Maj. Int. 4,525.7 US Stock Swap 03/12/19 Pipeline Transportation Of Nat Crude Petroleum and Natural Ga Completed 3,008.9 US Financial Acquiror Morgan Stanley Goldman Sachs & Co Friendly 30.43 Tudor Pickering Holt & Co LLC Citi Robert W Baird & Co Inc JP Morgan

Consideration: 1.6023 shs com plus USD 3 cash/sh com ------10/09/18 Antero Midstream Partners LP Antero Midstream GP LP Acq. Rem. Int. 2,769.2 US Stock Swap 03/12/19 Pipeline Transportation Of Nat Crude Petroleum and Natural Ga Completed 2,769.2 US Financial Acquiror Morgan Stanley Goldman Sachs & Co Friendly 31.41 Tudor Pickering Holt & Co LLC Citi

Consideration: A choice of USD 3.415 cash/sh com or 1.635 shs com/sh com or a combination of 1.635 shs com plus USD 3.415 cash/sh com ------10/10/18 Esterline Technologies Corp Transdigm Group Inc Merger 3,907.9 US Financial Acquiror 03/14/19 Mnfr engineered prod,systems Mnfr,whl aircraft components Completed 3,610.1 US Goldman Sachs & Co Morgan Stanley Friendly 122.50 Evercore Group

Consideration: USD 122.5 cash/sh com; plus USD 2.052 mil/options ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------10/10/18 Navitas Ltd Investor Group Merger 2,288.3 AU Acquiror is an Investor Group Own,opearate universities Investor group Pending 2,086.5 AU Divestiture Goldman Sachs & Co Morgan Stanley Friendly 5.83 Going Private Leveraged Buyout Financial Acquiror Scheme of Arrangement Unsolicited Deal Institutional Buyout

Consideration: A sweetened AUD 5.825 (USD 4. 191) cash/sh ord; Originally, a choice of AUD 5.5 (USD 3. 906) cash/sh ord or AUD 2.75 (USD 1.953) cash plus 0.5 ord sh in a newly formed unlisted company/sh ord ------10/10/18 Nisshin Transportation Co Ltd AIT Corp Merger 4,857.6 Y Divestiture 03/01/19 General Freight Trucking, Long Deep Sea Freight Transportatio Completed 4,857.6 Y Stock Swap Mitsubishi UFJ Morgan Stanley IR Japan Friendly - KPMG Azsa LLC

Consideration: 4.159 mil new shs ord plus 0. 641 mil shs ord/stock ------10/11/18 Ceva Logistics AG DSV A/S Merger 2,872.8 SFR Unsolicited Deal Freight Transportation Arrange Scheduled Freight Air Transpor Withdrawn 1,654.1 SFR Morgan Stanley Unsolic. 30.00 UBS Investment Bank

Consideration: A sweetened CHF 30 (USD 30. 127) cash/sh ord; originally CHF 27.75 (USD 28.033) cash/ sh ord ------10/11/18 Ceva Logistics AG CMA CGM SA Merger 2,328.9 SFR Going Private Freight Transportation Arrange Deep Sea Freight Transportatio Pending 1,110.2 SFR Tender Offer Morgan Stanley Societe General Corp Friendly 30.00 Tender/Merger UBS Investment Bank HSBC Holdings PLC Goldman Sachs & Co BNP Paribas SA Messier & Associes

Consideration: CHF 30 (USD 30.066) cash/sh ord ------10/11/18 Handy Technologies Inc ANGI Homeservices Inc Acq. of Assets 164.8 US Not Applicable 10/31/18 Software Publishers Software Publishers Completed 164.8 US Morgan Stanley Friendly -

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------10/14/18 L3 Technologies Inc Harris Corp Merger 19,095.9 US Stock Swap Other Electronic Component Man Mnfr commun systems,equipment Pending 16,244.9 US Merger of Equals Goldman Sachs & Co Morgan Stanley Friendly 201.33

Consideration: 1.3 shs com/sh com; plus 1.3 shs com/restcom; plus 1.3 shs com/performance stock unit; plus USD 236.588 mil/options ------10/15/18 Societe Fonciere Lyonnaise SA Inmobiliaria Colonial SOCIMI Acq. Part. Int. 687.7 EUR Privately Negotiated Purchase 11/14/18 Real estate investment trust Land Subdivision Completed 687.7 EUR Financial Acquiror Morgan Stanley Friendly - Ernst & Young LLP

Consideration: EUR 203.486 mil (USD 235.271 mil)/ord; plus 6.69862 new shs ord/sh ord ------10/15/18 NTT Urban Development Corp NTT-SH Corp Acq. Rem. Int. 180,832.6 Y Tender Offer 01/11/19 Re dvlp co Miscellaneous Financial Invest Completed 180,832.6 Y Nomura Securities Mitsubishi UFJ Morgan Stanley Friendly 1680.00 Deloitte Tohmatsu FA

Consideration: JPY 1680 (USD 14.974) cash/sh ord ------10/15/18 SendGrid Inc Twilio Inc Merger 1,805.6 US Stock Swap 02/01/19 Software Publishers Software Publishers Completed 1,970.7 US Financial Acquiror Morgan Stanley Goldman Sachs & Co Friendly 36.38

Consideration: 0.485 Class A shs com/com; plus USD 257.89 mil/option ------10/17/18 Baggage Airline Guest Svcs SP Plus Corp Merger 275.0 US Not Applicable 11/30/18 Other Airport Operations Parking Lots and Garages Completed 275.0 US Merrill Lynch, Pierce, Fenner Friendly - Morgan Stanley & Co LLC

Consideration: USD 275 mil cash/stock ------10/17/18 Home Serv Delivery LLC SP Plus Corp Merger - Not Applicable 11/30/18 Other Airport Operations Parking Lots and Garages Completed - Morgan Stanley & Co LLC Friendly - Merrill Lynch, Pierce, Fenner

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: Not Available ------10/18/18 InfraREIT Inc Oncor Electric Delivery Co LLC Merger 2,214.2 US Financial Acquiror Lessors Of Other Real Estate P Electric utility company Pending 1,274.8 US Evercore Partners Lazard Friendly 21.00 Morgan Stanley Barclays

Consideration: USD 21 cash/sh com plus USD 21 cash/cvtunit ------10/18/18 Sharyland Utilities LP Sempra Energy Inc Acq. Maj. Int. 98.0 US Not Applicable Electric utility Natural Gas Distribution Pending 98.0 US Morgan Stanley Friendly -

Consideration: Not Available ------10/22/18 Magneti Marelli SpA CK Holdings Co Ltd Acq. of Assets 6,200.0 EUR Divestiture Other Motor Vehicle Electrical Motor Vehicle Seating and Inte Pending 6,200.0 EUR Financial Acquiror JP Morgan UBS Investment Bank Friendly - Rumored Deal Goldman Sachs & Co Mitsubishi UFJ Morgan Stanley Mizuho Securities Co Ltd

Consideration: EUR 6.2 bil (USD 7.138 bil)/ assets ------10/23/18 Commonwealth Life PT FWD Grp Mgmt Hldg Ltd Acq. Maj. Int. 6454545.5 RH Divestiture Ins co Provide insurance services Pending 6454545.5 RH Financial Acquiror Credit Suisse Group Morgan Stanley Friendly - Rumored Deal

Consideration: IDR 6454.545 bil (USD 426 mil) /80% interest plus undisclosed profit-related payments ------10/23/18 Peoples Natural Gas Co Aqua America Inc Merger 4,275.0 US * Divestiture Pvd natural gas distn svcs Provide water utility services Pending 4,275.0 US * Morgan Stanley Moelis & Co Friendly - Goldman Sachs & Co Goldman Sachs Bank USA RBC Capital Markets

Consideration: An estimated USD 4.275 bil cash/stock *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------10/25/18 Genesis Care Pty Ltd KKR & Co Inc Acq. Part. Int. - Privately Negotiated Purchase 03/11/19 Own,operates medical centers Private Equity Firm Completed - Financial Acquiror Morgan Stanley Ernst & Young LLP Neutral - Macquarie Group UBS Investment Bank Record Point

Consideration: Not Available ------10/25/18 Red Hawk Fire & Security ADT Inc Acq. of Assets 317.5 US Divestiture 12/03/18 Provides security services Provides investigation service Completed 317.5 US Financial Acquiror Jefferies LLC Barclays Friendly - Lincoln International Citigroup Global Markets Inc Citizens Bank Deutsche Bank RBC Capital Markets Credit Suisse Goldman Sachs & Co Morgan Stanley Raymond James

Consideration: USD 317.5 mil cash/assets ------10/25/18 CMA CGM-Freight Mgt Business Ceva Logistics AG Acq. of Assets - Divestiture Freight Transportation Arrange Freight Transportation Arrange Pending - Societe General Corp Morgan Stanley Friendly -

Consideration: Not Available ------10/25/18 Benefit Street Partners LLC Franklin Mining Inc Acq. of Assets - Divestiture 02/01/19 Portfolio Management Gold,silver,lead,copper mining Completed - Bank of America Merrill Lynch Morgan Stanley Friendly -

Consideration: Not Available ------10/26/18 Clarion Co Ltd Hennape Six SAS Merger 151,659.2 Y Divestiture 03/25/19 Audio and Video Equipment Manu Other Financial Vehicles Completed 140,903.2 Y Tender Offer Daiwa Securities Co Ltd SMBC Nikko Securities Inc Friendly 2500.00 Tender/Merger Mitsubishi UFJ Morgan Stanley Rothschild & Co Rumored Deal

Consideration: JPY 2500 (USD 22.243) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------10/28/18 Red Hat Inc IBM Corp Merger 32,303.3 US Not Applicable Develop open source software Manufacture computer products Pending 33,555.4 US Morgan Stanley JP Morgan Friendly 190.00 Guggenheim Partners LLC Goldman Sachs & Co Lazard

Consideration: USD 190 cash/sh com plus USD 12.236 mil/options ------10/30/18 Wildhorse Resource Dvlp Corp Chesapeake Energy Corp Merger 3,862.6 US Stock Swap 02/01/19 Crude Petroleum and Natural Ga Oil,gas exploration,prodn co Completed 3,260.6 US Tudor Pickering Holt & Co LLC Goldman Sachs & Co Friendly 22.85 Morgan Stanley Guggenheim Securities LLC

Consideration: A choice of 5.989 shs com plus the assumption of USD 930 mil in liabilities or 5. 336 shs com plus USD 3 cash plus the assumption of USD 930 mil in liabilities/com ------10/31/18 Colonial First State Global Mitsubishi UFJ Tr & Bkg Corp Merger 4,130.0 AU * Divestiture Investment Advice Pvd tr,bkg svcs Pending 4,130.0 AU * JP Morgan Mitsubishi UFJ Morgan Stanley Friendly - UBS Investment Bank

Consideration: An estimated AUD 4.13 bil (USD 2.934 bil) cash/stock *Value Estimated ------10/31/18 Beijing Jingchi Tech Co Ltd Investor Group Acq. Part. Int. - Acquiror is an Investor Group 10/31/18 Navigational instruments manuf Investor group Completed - Privately Negotiated Purchase Morgan Stanley Friendly - Financial Acquiror

Consideration: Not Available ------11/01/18 John Hancock Finl Svcs-legacy Jackson National Life Ins Co Acq. of Assets 560.0 US Divestiture 11/01/18 Direct Life Insurance Carriers Pvd life ins,financial svcs Completed 560.0 US Morgan Stanley Friendly -

Consideration: Paid USD 560 mil ------11/01/18 John Hancock Finl Svcs-legacy RGA Reinsurance Co Acq. Part. Int. 280.0 US Divestiture 11/01/18 Direct Life Insurance Carriers Insurance company Completed 280.0 US Privately Negotiated Purchase Morgan Stanley Friendly -

Consideration: Paid USD 280 mil ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------11/05/18 Euro Bank SA Bank Millennium SA Acq. Maj. Int. 1,833.0 PZ * Divestiture Commercial Banking Bank Pending 1,833.0 PZ * Rumored Deal Morgan Stanley JP Morgan Friendly -

Consideration: An estimated PLN 1.833 bil (USD 484.561 mil) cash/99.79% interest *Value Estimated ------11/06/18 Convergeone Holdings Inc CVC Capital Partners VII LP Merger 1,644.0 US Divestiture 01/04/19 Provides IT services Other Financial Vehicles Completed 946.7 US Going Private Raymond James & Associates Inc Deutsche Bank Friendly 12.50 Leveraged Buyout William Blair & Co UBS Investment Bank Tender Offer Jefferies LLC Tender/Merger Morgan Stanley Financial Acquiror Rumored Deal Institutional Buyout

Consideration: USD 12.5 cash/sh com; plus USD 5.089 mil/options ------11/09/18 Woolworths Grp Ltd-Petrol Bus EG Group Ltd Acq. of Assets 1,725.0 AU Divestiture 04/01/19 Gasoline Stations With Conveni Gasoline Stations With Conveni Completed 1,725.0 AU Rumored Deal Morgan Stanley Citi Friendly - Financial Acquiror UBS Investment Bank Barclays

Consideration: AUD 1.725 bil (USD 1.252 bil)/ assets ------11/12/18 Plaskolite LLC PPC Investment Partners LP Acq. of Assets - Divestiture 12/17/18 Plastics Material and Resin Ma Private equity firm Completed - Leveraged Buyout Morgan Stanley William Blair & Co Friendly - Financial Acquiror Valence Group Institutional Buyout

Consideration: Not Available ------11/13/18 Sonneborn LLC HollyFrontier LSP Holdings LLC Merger 655.0 US Divestiture 02/01/19 Manufacture chemicals Petroleum Lubricating Oil and Completed 655.0 US Morgan Stanley Goldman Sachs & Co Friendly -

Consideration: USD 655 mil cash/stock ------11/15/18 Information Resources Inc Vestar Capital Partners Inc Acq. Part. Int. - Privately Negotiated Purchase 12/03/18 Dvlp information svcs software Financial Sponsor Completed - Financial Acquiror Evercore Partners Friendly - Morgan Stanley Jefferies LLC Nomura Securities Ares Management LLC

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------11/15/18 Schwan's Co CJ Foods DE Corp Merger 2,185.0 US Financial Acquiror 02/25/19 Frozen Specialty Food Manufact Blank Check Company Completed 2,185.0 US Rumored Deal Piper Jaffray Cos Morgan Stanley Friendly -

Consideration: A sweetened USD 1.681 bil cash plus USD 504 mil stock/ stock; Originally USD 1.846 bil cash plus USD 336 mil stock/stock ------11/16/18 Cylance Inc Blackberry Ltd Merger 1,400.0 US Rumored Deal 02/21/19 Provides cybersecurity service Manufactures communications eq Completed 1,400.0 US Morgan Stanley Perella Weinberg Partners LP Friendly -

Consideration: USD 1.4 bil cash/stock ------11/19/18 Furuya Metal Co Ltd Furuya Metal Co Ltd Buyback 5,300.5 Y Self-Tender 12/18/18 Mnfr,whl precious metal prod Mnfr,whl precious metal prod Completed 5,300.5 Y Tender Offer Mitsubishi UFJ Morgan Stanley Not Appl. 5300.00

Consideration: JPY 5,300 (USD 46.979) cash/ sh ord ------11/20/18 PlanGrid Inc Autodesk Inc Acq. of Assets 875.0 US Not Applicable 12/20/18 Software Publishers Software Publishers Completed 875.0 US Morgan Stanley Friendly -

Consideration: USD 875 mil cash/assets ------11/28/18 ChargePoint Inc Investor Group Acq. Part. Int. 240.0 US Acquiror is an Investor Group 11/28/18 Power, Distribution, and Speci Investor group Completed 240.0 US Privately Negotiated Purchase Morgan Stanley Friendly - Financial Acquiror

Consideration: Not Available ------11/28/18 Plusgrade CDPQ Acq. Part. Int. 200.0 C Privately Negotiated Purchase 11/28/18 Software Publishers Portfolio Management Completed 200.0 C Financial Acquiror Morgan Stanley Canada Ltd Friendly -

Consideration: Not Available ------11/30/18 Profamily SpA Agos Ducato SpA Acq. of Assets 310.0 EUR Divestiture Consumer Lending Consumer Lending Pending 310.0 EUR Nomura Securities Mediobanca Friendly - Morgan Stanley

Consideration: EUR 310 mil (USD 353.121 mil) cash/assets ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------12/03/18 GlaxoSmithKline Consumer Hindustan Unilever Ltd Merger 287,250.2 RE Stock Swap Pharmaceutical Preparation Man Toilet Preparation Manufacturi Pending 323,830.2 RE Rumored Deal Morgan Stanley Bank of America Merrill Lynch Friendly 7700.06 Greenhill & Co, LLC HSBC Holdings PLC Axis Capital Ltd

Consideration: 4.39 new shs ord/sh ord ------12/03/18 GlaxoSmithKline Bangladesh Ltd Unilever PLC Acq. Maj. Int. 16,000.0 BDT Divestiture Pharmaceutical Preparation Man All Other Miscellaneous Food M Pending 16,000.0 BDT Rumored Deal Morgan Stanley HSBC Holdings PLC Friendly - Greenhill & Co, LLC Bank of America Merrill Lynch Novadhruva Capital Pvt Ltd

Consideration: BDT 16 bil (USD 188.896 mil) cash/ord ------12/03/18 Glaxosmithkline PLC-Asian Comm Unilever PLC Acq. of Assets 729.6 SG Divestiture Medicinal and Botanical Manufa All Other Miscellaneous Food M Pending 729.6 SG Morgan Stanley HSBC Holdings PLC Friendly - Greenhill & Co, LLC Bank of America Merrill Lynch Novadhruva Capital Pvt Ltd

Consideration: SGD 729.583 mil (USD 531.805 mil) cash/assets ------12/10/18 Cast & Crew Ent Svcs LLC EQT VIII Acq. of Assets - Divestiture 12/31/18 Payroll Services Other Financial Vehicles Completed - Leveraged Buyout Moelis & Co Goldman Sachs & Co Friendly - Financial Acquiror Morgan Stanley Aon Corp Secondary Buyout JP Morgan Institutional Buyout

Consideration: Not Available ------12/10/18 Travelport Worldwide Ltd Travelport Worldwide Ltd SPV Merger 3,666.7 STG Acquiror is an Investor Group All Other Support Activities F Other Financial Vehicles Pending 1,640.2 STG Going Private Morgan Stanley LionTree Advisors LLC Friendly 12.38 Leveraged Buyout UBS Investment Bank Deutsche Bank Financial Acquiror Macquarie Capital Group Ltd Rumored Deal Barclays Institutional Buyout Bank of America Merrill Lynch

Consideration: GBP 16.218 mil (USD 20.639 mil) cash/shs/options; plus GBP 12.376 (USD 15.75) cash/ sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: Not Available ------12/17/18 ABB Ltd-Power Systems Division Hitachi Ltd Acq. Maj. Int. 9,377.4 SFR* Divestiture Power, Distribution, and Speci Mnfr,whl electronic equipment Pending 9,377.4 SFR* Joint Venture Credit Suisse Group Goldman Sachs & Co Friendly - Rumored Deal Dyal Co UBS Investment Bank Mitsubishi UFJ Morgan Stanley

Consideration: An estimated the assumption of CHF 2.993 bil (USD 3 bil) in liabilities plus CHF 6.385 bil (USD 6.4 bil) cash/80.1% ownership interest *Value Estimated ------12/17/18 ABB Ltd-Power Systems Division Hitachi Ltd Acq. Rem. Int. 1,596.2 SFR* Not Applicable Power, Distribution, and Speci Mnfr,whl electronic equipment Intended 1,596.2 SFR* Mitsubishi UFJ Morgan Stanley UBS Investment Bank Friendly - Credit Suisse Group Goldman Sachs & Co Dyal Co

Consideration: An estimated CHF 1.596 bil (USD 1.6 bil) cash/19.9% ownership interest *Value Estimated ------12/17/18 TransCanada-Coolidge Gen Statn SWG Coolidge Holdings LLC Acq. of Assets 465.0 US * Divestiture Natural Gas Distribution Electric Power Distribution Pending 465.0 US * Morgan Stanley Friendly -

Consideration: An estimated USD 465 mil/ assets *Value Estimated ------12/18/18 StandardAero Aviation Holdings The Carlyle Group LP Acq. of Assets - Divestiture 04/05/19 Other Support Activities For A Financial Sponsor Completed - Rumored Deal Goldman Sachs & Co Credit Suisse Friendly - Financial Acquiror Morgan Stanley RBC Capital Markets Macquarie Capital Partners LLC Goldman Sachs & Co Barclays Jefferies LLC Nomura Securities

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------12/19/18 Pfizer Inc-Consumer Health GlaxoSmithKline-Consumer Healt Merger - Divestiture Pharmaceutical Preparation Man Pharmaceutical Preparation Man Pending - Joint Venture Centerview Partners LLC Citi Friendly - Auction Guggenheim Securities LLC JP Morgan Cazenove Morgan Stanley Greenhill & Co, LLC

Consideration: Not Available ------12/20/18 Hispania Activos Inmobiliarios Alzette Invest Sarl Acq. Rem. Int. 41.7 EUR Leveraged Buyout 04/17/19 Lessors Of Other Real Estate P Investment company Completed 41.7 EUR Financial Acquiror Morgan Stanley Friendly 18.25 Institutional Buyout

Consideration: EUR 18.25 mil (USD 20.759 mil) cash/ord ------12/20/18 Strategic Investment Group LLC Northill Capital LLP Acq. Maj. Int. - Divestiture 12/20/18 Investment Advice Private equity firm Completed - Leveraged Buyout Morgan Stanley Friendly - Financial Acquiror Institutional Buyout

Consideration: Not Available ------12/21/18 Thanachart Bank PCL TMB Bank PCL Merger 140,000.0 BA * Divestiture Bank Bank (non-US) holding company Pending 140,000.0 BA * Rumored Deal Bank of America Merrill Lynch Morgan Stanley Friendly - JP Morgan

Consideration: An estimated THB 55 bil (USD 1.759 bil) new shs ord plus THB 85 bil (USD 2.718 bil) cash/stock *Value Estimated ------12/21/18 Delivery Hero,Foodora Takeaway.com NV Acq. of Assets 934.6 EUR* Divestiture 04/01/19 Electronic Shopping Electronic Shopping Completed 934.6 EUR* Rumored Deal Morgan Stanley Bank of America Merrill Lynch Friendly - Financial Acquiror ING ABN-AMRO Holding NV

Consideration: An estimated 9.5 mil shs ord plus EUR 508 mil (USD 581.355 mil) cash/assets *Value Estimated ------12/21/18 Administradora Country SA UnitedHealth Group Inc Acq. Rem. Int. - Not Applicable Offices Of Physicians (Except Provide HMO services Pending - Morgan Stanley Friendly -

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------12/21/18 Admin Clnica La Colina UnitedHealth Group Inc Acq. Rem. Int. - Not Applicable Offices Of Physicians (Except Provide HMO services Pending - Morgan Stanley Friendly -

Consideration: Not Available ------12/24/18 MINDBODY Inc Vista Equity Partners LLC Merger 1,739.6 US Going Private 02/15/19 Data Processing, Hosting, and Private equity firm Completed 1,815.3 US Leveraged Buyout Qatalyst Partners Morgan Stanley Friendly 36.50 Financial Acquiror Institutional Buyout

Consideration: USD 36.5 cash/sh com A plus USD 36.5 cash/sh com B plus USD 66.226 mil/options ------12/25/18 Hitachi Vehicle Energy Ltd Investor Group Acq. Maj. Int. 20,200.0 Y Acquiror is an Investor Group 03/29/19 Mktg,dvlp,whl lithium ion cell Investor group Completed 20,200.0 Y Divestiture Greenhill & Co, LLC Mitsubishi UFJ Morgan Stanley Friendly - Financial Acquiror

Consideration: Not Available ------12/27/18 FTLife Insurance Co Ltd Earning Star Ltd Merger 21,500.0 HK * Divestiture Direct Life Insurance Carriers Highway, Street, and Bridge Co Pending 21,500.0 HK * Rumored Deal Citi Morgan Stanley Friendly - HSBC Holdings PLC

Consideration: An estimated HKD 21.5 bil (USD 2.746 bil)/stock *Value Estimated ------12/27/18 KMD Holding ApS NEC Corp Acq. of Assets 8,000.0 DKR* Divestiture 02/21/19 Software Publishers Computer Systems Design Servic Completed 8,000.0 DKR* Credit Suisse Group Mitsubishi UFJ Morgan Stanley Friendly - Daiwa Securities Co Ltd DC Advisory

Consideration: An estimated DKK 8 bil (USD 1. 216 bil)/assets *Value Estimated ------12/31/18 Ophir Energy PLC Medco Energi Global PTE Ltd Merger 422.0 STG Scheme of Arrangement Oil,gas exploration,production Crude Petroleum and Natural Ga Pending 406.6 STG Unsolicited Deal Morgan Stanley Standard Chartered Bank PLC Friendly 0.58 Investec Bank PLC

Consideration: An amended GBP 0.575 (USD 0. 763) cash/sh ord; previously an amended GBP 0.55 (USD 0. 719) cash/sh ord; originally GBP 0.485 (USD 0.618) cash/sh ord ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------01/03/19 Celgene Corp Bristol-Myers Squibb Co Merger 93,444.8 US Not Applicable Manufacture,wholesale biopharm Manufactures pharmaceuticals a Pending 79,376.8 US JP Morgan Morgan Stanley Friendly 102.43 Citi Dyal Co Evercore Partners Morgan Stanley Senior Funding MUFG Bank Ltd

Consideration: 1 sh com plus USD 50 cash plus 1 contingent value right/ sh com; plus USD 1.349 bil/ options ------01/17/19 SCR Sibelco NV-APAC Buses Graymont Ltd Acq. of Assets - Divestiture Crushed and Broken Limestone M Limestone mining co Pending - Morgan Stanley Friendly -

Consideration: Not Available ------01/17/19 SCR Sibelco NV-S Amer Buses Grupo Calidra SA de CV Acq. of Assets - Divestiture Crushed and Broken Limestone M lime prod Pending - Morgan Stanley Friendly -

Consideration: Not Available ------01/18/19 Scout24 AG Pulver BidCo GmbH Merger 5,692.4 EUR Acquiror is an Investor Group Internet Publishing and Broadc Other Financial Vehicles Pending 4,949.6 EUR Leveraged Buyout Morgan Stanley JP Morgan Friendly 46.00 Tender Offer Citi BNP Paribas SA Tender/Merger Financial Acquiror Rumored Deal Unsolicited Deal Institutional Buyout

Consideration: An amended EUR 46 (USD 51.975) cash/sh ord; originally EUR 43.5 (USD 49.568) cash/sh ord ------01/19/19 Dongfeng Motor Parts & Dongfeng Electn Tech Co Ltd Merger 5,209.1 CY * Divestiture All Other Motor Vehicle Parts All Other Motor Vehicle Parts Pending 5,209.1 CY * Reverse Takeover Morgan Stanley Huaxin Sec Friendly - Stock Swap Internal Reorganization

Consideration: An estimated 694.871 mil new shs ord/stock; whereby the consideration was prorated at 52.5% based on 47.5% stake owned by Nissan (China) Investment Co Ltd in Shenzhen Dongfeng South Industrial Group Co Ltd *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------01/21/19 TomTom Telematics BV Bridgestone Europe NV Merger 910.0 EUR* Divestiture 04/01/19 Software Publishers Tire Manufacturing (Except Ret Completed 910.0 EUR* Barclays PLC Morgan Stanley Friendly - Lazard

Consideration: An estimated EUR 910 mil (USD 1.034 bil) cash/stock *Value Estimated ------01/22/19 BrainBees Solutions Pvt Ltd Softbk Vision Fund Frog Acq. Part. Int. 28,187.1 RE Privately Negotiated Purchase 01/22/19 Provide ecommerce retail servi Other Financial Vehicles Completed 28,187.1 RE Rumored Deal Mitsubishi UFJ Morgan Stanley Friendly - Financial Acquiror

Consideration: INR 28.187 bil (USD 396 mil)/ undisclosed minority stake ------01/23/19 Saiwai Shoji Ocean Holdings Co Ltd Merger 4,870.5 Y Private Tender Offer Other Financial Vehicles Other Financial Vehicles Pending 4,870.5 Y Mitsubishi UFJ Morgan Stanley Nomura Securities Friendly - Mizuho Securities Co Ltd

Consideration: Not Available ------01/23/19 Dah Sing Financial Hldg Ltd Dah Sing Financial Hldg Ltd Buyback 591.6 HK Privately Negotiated Purchase Pvd insurance services Pvd insurance services Intended 591.6 HK Repurchase Mitsubishi UFJ Morgan Stanley Altus Capital Ltd Not Appl. 38.17

Consideration: HKD 38.17 (USD 4.866) cash/sh ord ------01/24/19 Great-W Life & Annuity-Life In Protective Life Insurance Co Acq. of Assets 1,200.0 US * Divestiture Insurance Agencies and Brokera Provides life insurance servic Pending 1,200.0 US * Goldman Sachs & Co Morgan Stanley Friendly -

Consideration: An estimated USD 1.2 bil plus undisclosed amount in profit- related payments/assets *Value Estimated ------01/27/19 Abu Dhabi Oil Refining Co Eni SpA Acq. Part. Int. 12,120.2 UAD* Privately Negotiated Purchase Petroleum Refineries Oil and gas exploration,produc Pending 12,120.2 UAD* Privatization HSBC Holdings PLC Mediobanca Friendly - Rumored Deal Moelis & Co Morgan Stanley Goldman Sachs & Co

Consideration: An estimated AED 12.12 bil (USD 3.3 bil) cash/20% stake *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------01/28/19 Versum Materials Inc Entegris Inc Merger 4,405.8 US Stock Swap All Other Basic Organic Chemic Unsupported Plastics Profile S Withdrawn 3,834.9 US Merger of Equals Lazard Morgan Stanley Friendly 35.08 Rumored Deal Citi

Consideration: 1.12 shs com/sh com plus USD 7.483 mil/options ------01/29/19 Concessionaria Rota Das SCP 1355 FIP Acq. Maj. Int. 1,650.0 BR Divestiture Other Support Activities For R Other Financial Vehicles Pending 1,650.0 BR Rumored Deal Banco Itau-BBA SA Friendly - Morgan Stanley

Consideration: BRL 1.65 bil (USD 438.666 mil) /85% interest plus an undisclosed amount in profit- related payments ------01/29/19 PAL Holdings Inc ANA Holdings Inc Acq. Part. Int. 4,986.4 PP Privately Negotiated Purchase 02/28/19 Investment holding company Provide airline services Completed 4,986.4 PP Rumored Deal Mitsubishi UFJ Morgan Stanley Development Bank of Japan Inc Friendly -

Consideration: PHP 4.986 bil (USD 95 mil) cash/ord ------01/30/19 IDI Logistics LLC Oxford Properties Group Inc Acq. Maj. Int. - Joint Venture Land Subdivision Lessors Of Nonresidential Buil Pending - Wells Fargo Securities LLC Morgan Stanley Friendly -

Consideration: Not Available ------01/31/19 Descente Ltd BS Investment Corp Acq. Part. Int. 20,188.0 Y Tender Offer 03/14/19 Mnfr,whl sportswear,golf wear Other Financial Vehicles Completed 20,188.0 Y Mitsubishi UFJ Morgan Stanley Nomura Securities Hostile 2800.00 GCA Corp

Consideration: JPY 2800 (USD 25.684) cash/sh ord ------02/05/19 HITOWA Holdings Co Ltd PTC Holdings Merger 50,000.0 Y Divestiture All Other Personal Services Other Financial Vehicles Pending 50,000.0 Y Financial Acquiror Mitsubishi UFJ Morgan Stanley Nomura Securities Friendly -

Consideration: JPY 50 bil (USD 455.05 mil) cash/stock ------02/06/19 BRF SA-Thailand Operation Tyson Foods Inc Acq. of Assets 10,621.7 BA Divestiture Poultry Hatcheries Produces, wholesales poultry a Pending 10,621.7 BA Morgan Stanley Bank of America Merrill Lynch Friendly -

Consideration: THB 10.622 bil (USD 340 mil) cash/assets ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------02/06/19 Eli Lilly & Co Eli Lilly & Co Exchange Offer 7,637.6 US Divestiture 03/11/19 Manufactures,wholesales pharma Manufactures,wholesales pharma Completed 7,637.6 US Self-Tender Goldman Sachs & Co Not Appl. 26.04 Tender Offer JP Morgan Securities LLC Splitoff Morgan Stanley

Consideration: 4.5262 Elanco Animal Health Inc sh com/Eli Lilly & Co sh com ------02/11/19 Accudyne Inds LLC-Precision Ingersoll-Rand PLC Acq. of Assets 1,450.0 US * Divestiture Fluid Power Valve and Hose Fit Manufactures, wholesales indus Pending 1,450.0 US * Rumored Deal Morgan Stanley Goldman Sachs & Co Friendly -

Consideration: An estimated USD 1.45 bil cash/assets *Value Estimated ------02/11/19 Solium Capital Inc Morgan Stanley Merger 997.7 C Scheme of Arrangement Software Reproducing Bank holding company Pending 1,114.4 C CIBC World Markets Inc Morgan Stanley Friendly 19.15

Consideration: CAD 30.976 mil (USD 23.332 mil) cash/shs/options; plus CAD 19.15 (USD 14.425) cash/ sh com ------02/12/19 kabu.Com Securities Co Ltd LDF Godo Kaisha Acq. Part. Int. 87,692.9 Y Tender Offer Securities Brokerage Miscellaneous Intermediation Pending 87,692.9 Y Rumored Deal Mitsubishi UFJ Morgan Stanley E & Y Trans Adv Svc Co Ltd Friendly 559.00 Daiwa Securities Co Ltd Kabu.com Securities Ltd

Consideration: JPY 559 (USD 5.065) cash/sh ord; Plus JPY 55.16 mil (USD 0.5 mil) cash/985 options convertible into 0.099 mil newly issued ordinary shares on 1-to-100 basis. ------02/14/19 CJ Hello Co Ltd LG Uplus Corp Acq. Maj. Int. 800,000.0 WON Divestiture Pvd broadcasting and communica Pvd telecommun svcs Pending 800,000.0 WON Rumored Deal Goldman Sachs & Co Morgan Stanley Friendly -

Consideration: KRW 800 bil (USD 711.2 mil) cash/ord ------02/14/19 Odfjell Terminals BV Northleaf Capital Partners Ltd Acq. Part. Int. - Privately Negotiated Purchase Pvd transp,logistics services Private equity firm Pending - Financial Acquiror Morgan Stanley Friendly -

Consideration: Not Available ------02/15/19 KSH Infra Pvt Ltd G9 Asia I Pte Ltd Acq. Maj. Int. 3,500.0 RE Divestiture 02/15/19 Land Subdivision Other Financial Vehicles Completed 3,500.0 RE Rumored Deal Avendus Capital Pvt Ltd Morgan Stanley Friendly -

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------02/18/19 Navient Corp Navient Corp SPV Merger 2,904.0 US Acquiror is an Investor Group Provides education loan manage Special purpose acquisition ve Intended 2,904.0 US Leveraged Buyout Morgan Stanley Unsolic. 12.50 Financial Acquiror Unsolicited Deal Institutional Buyout

Consideration: USD 12.5 cash/sh com ------02/19/19 Undisclosed Southlake Tech Pk City Ventures Capital Llc Acq. of Assets 88.0 US Divestiture 02/19/19 Lessors Of Nonresidential Buil Lessors Of Other Real Estate P Completed 88.0 US Property Acquisition Morgan Stanley Friendly -

Consideration: Not Available ------02/20/19 Telefonica Moviles Panama SA Millicom International Merger 649.8 PB Divestiture Wireless Telecommunications Ca Wireless Telecommunications Ca Pending 649.8 PB Santander Corp & Invest Bkg Goldman Sachs & Co Friendly - Citi Morgan Stanley

Consideration: PAB 649.782 mil (USD 649.782 mil) cash/stock ------02/20/19 Telefonica de Costa Rica TC SA Millicom International Merger 346,327.9 CRC Divestiture Wireless Telecommunications Ca Wireless Telecommunications Ca Pending 346,327.9 CRC Santander Corp & Invest Bkg Goldman Sachs & Co Friendly - Citi Morgan Stanley

Consideration: CRC 346.328 bil (USD 570.402 mil) cash/stock ------02/20/19 Godiva Belgium SA-Prodn MBK Partners Ltd Acq. of Assets - Divestiture Chocolate and Confectionery Ma Private equity firm Pending - Financial Acquiror Mitsubishi UFJ Morgan Stanley Deutsche Bank Friendly -

Consideration: Not Available ------02/20/19 Allied Universal Sec Svcs LLC CDPQ Acq. Part. Int. - Privately Negotiated Purchase Provides manned guarding and s Portfolio Management Pending - Financial Acquiror Morgan Stanley Citi Neutral - Barclays Credit Suisse Group

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------02/20/19 Godiva Chocolatier Inc-Asia MBK Partners Management Acq. of Assets - Divestiture Chocolate and Confectionery Ma Financial Sponsor Pending - Leveraged Buyout Mitsubishi UFJ Morgan Stanley Deutsche Bank Friendly - Financial Acquiror PricewaterhouseCoopers Auction Rumored Deal Institutional Buyout

Consideration: Not Available ------02/20/19 Telefonia Celular de Nicaragua Millicom International Merger 14,075.7 NGC Divestiture Wireless Telecommunications Ca Wireless Telecommunications Ca Pending 14,075.7 NGC Santander Corp & Invest Bkg Goldman Sachs & Co Friendly - Citi Morgan Stanley

Consideration: NIO 14.076 bil (USD 429.786 mil) cash/stock ------02/21/19 AssuredPartners Inc AssuredPartners Inc SPV Acq. Maj. Int. - Divestiture Insurance Agencies and Brokera Other Financial Vehicles Pending - Leveraged Buyout Bank of America Merrill Lynch Morgan Stanley & Co LLC Friendly - Rumored Deal Harris Williams & Co Secondary Buyout Barclays PLC Institutional Buyout Financial Acquiror

Consideration: Not Available ------02/21/19 Livingston International Inc Platinum Equity LLC Acq. of Assets - Divestiture Pvd customs brokerage svcs Private Equity Firm Pending - Leveraged Buyout Morgan Stanley Friendly - Financial Acquiror RBC Capital Markets Institutional Buyout

Consideration: Not Available ------02/21/19 Study Group Australia Pty Ltd Ardian SAS Acq. Maj. Int. - Divestiture Pvd intl education review svcs Financial Sponsor Pending - Leveraged Buyout Morgan Stanley Friendly - Financial Acquiror Rothschild & Co Rumored Deal Secondary Buyout Institutional Buyout

Consideration: Not Available ------02/21/19 Attunity Ltd Qlik Technologies Inc Merger 337.1 US Financial Acquiror Dvlp enterprise data software Software Reproducing Pending 502.5 US JP Morgan Securities LLC Morgan Stanley Friendly 23.50 Goldman Sachs & Co

Consideration: USD 23.5 cash/sh com ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------02/25/19 Clementia Pharmaceuticals Inc Ipsen SA Merger 1,295.2 C Scheme of Arrangement 04/18/19 Biotechnology Company Pharmaceutical Preparation Man Completed 1,401.1 C Morgan Stanley & Co LLC Centerview Partners LLC Friendly 32.84

Consideration: CAD 32.84 (USD 25)/sh com; plus CAD 109.493 mil (USD 83. 353 mil)/option; plus up to CAD 249.998 mil (USD 190.315 mil) in profit-related payments/com ------02/25/19 Preferred Freezer Services LLC Lineage Logistics Holdings LLC Acq. of Assets - Divestiture Pvd warehouse svcs General Warehousing and Storag Pending - Financial Acquiror UBS Investment Bank Morgan Stanley Friendly -

Consideration: Not Available ------02/26/19 Serve One Co Ltd Clearlink Bus Svcs Ltd Acq. Maj. Int. 602,053.0 WON Divestiture All Other Business Support Ser Blank Check Company Pending 602,053.0 WON Financial Acquiror Credit Suisse Group Morgan Stanley Friendly - PricewaterhouseCoopers PricewaterhouseCoopers

Consideration: KRW 602.053 bil (USD 540.041 mil) cash/60.1% interest ------02/26/19 Ocado Group PLC-Online Grocery Marks & Spencer Group PLC Acq. Maj. Int. 750.0 STG* Divestiture Electronic Shopping Department Stores (Except Disc Pending 750.0 STG* Joint Venture Centerview Partners LLC Rothschild & Co Friendly - Rumored Deal Goldman Sachs & Co Morgan Stanley Shore Capital Stockbrokers

Consideration: An estimated up to GBP 187.5 mil (USD 248.438 mil) in profit-related payments plus GBP 562.5 mil (USD 745.313 mil) cash/50% ownership interest *Value Estimated ------02/26/19 Grupo Santillana Educacion Prisa Activos Educativos SLU Acq. Rem. Int. 312.5 EUR Rumored Deal 04/12/19 Book Publishers Book Publishers Completed 312.5 EUR Mediobanca Morgan Stanley Friendly - Banco Itau-BBA SA Nomura Securities

Consideration: EUR 312.5 mil (USD 354.938 mil) cash/25% stake ------02/27/19 Upc Schweiz GmbH Sunrise Commun Grp Ag Merger 6,300.0 SFR* Divestiture Cable and Other Subscription P Wireless Telecommunications Ca Pending 6,300.0 SFR* Rumored Deal Credit Suisse Group Morgan Stanley Friendly - JP Morgan Deutsche Bank LionTree Advisors LLC UBS Investment Bank

Consideration: An estimated CHF 2.7 bil (USD 2.701 bil) cash plus the assumption of CHF 3.6 bil (USD 3.601 bil) in liabilities/stock *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Consideration: Not Available ------02/28/19 Old Navy Inc Shareholders Acquisition - Acquiror is an Investor Group Own,op retail apparel stores Investor group Pending - Divestiture Morgan Stanley Not Appl. - Spinoff

Consideration: Not Available ------02/28/19 Supervia Concess Transp Ferro Guarana Urban Mobility Inc Acq. Maj. Int. - Privately Negotiated Purchase Provide railroad transp svcs Other Heavy and Civil Engineer Pending - Rumored Deal Banco Itau-BBA SA Friendly - Banco BTG Pactual SA Mitsubishi UFJ Morgan Stanley

Consideration: Not Available ------03/01/19 DVB Bank SE-Aviation Fin Div Investor Group Acq. of Assets 392.0 EUR* Acquiror is an Investor Group Sales Financing Investor group Pending 392.0 EUR* Divestiture Goldman Sachs & Co Bank of America Merrill Lynch Friendly - Rumored Deal Mitsubishi UFJ Morgan Stanley

Consideration: An estimated EUR 392 mil (USD 445.704 mil)/assets *Value Estimated ------03/04/19 Mist Systems Inc Juniper Networks Inc Acq. of Assets 405.0 US * Not Applicable 04/02/19 Custom Computer Programming Se Manufactures,wholesales intern Completed 405.0 US * Morgan Stanley Friendly - UBS Investment Bank

Consideration: An estimated USD 405 mil/ assets *Value Estimated ------03/04/19 AVIATION CAPITAL GROUP LLC Tokyo Century Corp Acq. Part. Int. 200.0 US Privately Negotiated Purchase 03/04/19 Commercial Air, Rail, and Wate All Other Consumer Goods Renta Completed 200.0 US Mizuho Securities Co Ltd Friendly - Mitsubishi UFJ Morgan Stanley

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/05/19 Trustpilot A/S Investor Group Acq. Part. Int. 361.9 DKR Acquiror is an Investor Group 03/05/19 Pvd info tech services Investor group Completed 361.9 DKR Privately Negotiated Purchase Morgan Stanley Friendly - Financial Acquiror

Consideration: Not Available ------03/11/19 Gindalbie Metals Ltd Angang Grp Hong Kong (Hldg) Merger - AU Scheme of Arrangement Exploration iron ore,minerals Iron Ore Mining Pending 25.1 AU Morgan Stanley (Asia) Ltd Friendly 0.03 Industrial & Comm Bank China

Consideration: AUD 0.026 (USD 0.018) cash/sh ord ------03/11/19 BGIS CCMP Capital Advisors LP Acq. of Assets 1,341.3 C * Divestiture Facilities Support Services Private equity firm Pending 1,341.3 C * Leveraged Buyout Citigroup Global Markets Inc Morgan Stanley Friendly - Financial Acquiror CIBC Capital Markets Institutional Buyout TD Securities Inc

Consideration: An estimated CAD 1.341 bil (USD 1 bil)/assets *Value Estimated ------03/13/19 Aramex PJSC Undisclosed Acquiror Acq. Part. Int. 602.5 UAD Privately Negotiated Purchase 03/13/19 Provide logistics,transportati Unknown Completed 602.5 UAD Morgan Stanley Neutral 4.09

Consideration: AED 4.09 (USD 1.114) cash/sh ord ------03/14/19 Eureka Midstream Holdings LLC EQM Midstream Partners LP Acq. Maj. Int. 1,030.0 US * Divestiture 04/10/19 Provider of pipeline transport Pipeline Transportation Of Nat Completed 1,030.0 US * Barclays PLC Citi Friendly - Morgan Stanley Guggenheim Securities LLC

Consideration: An estimated USD 860 mil cash plus the assumption of USD 170 mil in liabilities/60% interest *Value Estimated ------03/15/19 Jcb Co Ltd-Credit Guarantee JACCS Co Ltd Acq. of Assets 1,099.0 Y Divestiture Consumer Lending Pvd consumer credit svcs Pending 1,099.0 Y Mitsubishi UFJ Morgan Stanley E & Y Trans Adv Svc Co Ltd Friendly - KPMG FAS Co Ltd

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/18/19 Williams Ohio Valley,Utica CPPIB Acq. Part. Int. 1,340.0 US * Privately Negotiated Purchase Natural Gas Distribution Provide investment services Pending 1,340.0 US * Joint Venture Morgan Stanley JP Morgan Friendly - Financial Acquiror CIBC Capital Markets Jefferies LLC

Consideration: An estimated USD 1.34 bil cash/35% stake *Value Estimated ------03/18/19 OneWeb Ltd Investor Group Acq. Part. Int. 940.6 STG Acquiror is an Investor Group 03/18/19 Satellite Telecommunications Investor group Completed 940.6 STG Privately Negotiated Purchase Barclays Friendly - Morgan Stanley

Consideration: GBP 940.628 mil (USD 1.25 bil) /undisclosed minority stake ------03/18/19 Utica East Ohio Midstream LLC Williams Partners LP Acq. Rem. Int. 740.0 US * Not Applicable 03/18/19 Crude Petroleum and Natural Ga Pipeline Transportation Of Nat Completed 740.0 US * Morgan Stanley Friendly - CIBC Capital Markets

Consideration: An estimated USD 740 mil/38% stake *Value Estimated ------03/18/19 Westland Coop Dairy Co Ltd Hong Kong Jingang Trade Hldg Merger 588.0 NZ Scheme of Arrangement Dry, Condensed, and Evaporated Investment company Pending 588.0 NZ Macquarie Group Morgan Stanley Friendly - Industrial & Comm Bank China

Consideration: NZD 245.549 mil (USD 168.029 mil) cash plus the assumption of NZD 342.5 mil (USD 234.373 mil) in liabilities/stock ------03/18/19 Worldpay Inc Fidelity Natl Info Svcs Inc Merger 42,720.9 US Stock Swap Financial Transactions Process Financial Transactions Process Pending 35,031.9 US Financial Acquiror Credit Suisse Group Centerview Partners LLC Friendly 112.12 Morgan Stanley Goldman Sachs & Co

Consideration: USD 11 cash plus 0.9287 sh com/sh com A; USD 11 cash plus 0.9287 sh com/sh com B; plus USD 156.303 mil/options ------03/19/19 HFF Inc Jones Lang LaSalle Inc Merger 2,003.3 US Not Applicable Full-service commercial real e Provides real estate and inves Pending 1,958.2 US Morgan Stanley JP Morgan Friendly 49.17

Consideration: USD 24.63 cash plus 0.1505 sh com/sh com; plus USD 0.512 mil/options ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/20/19 Areas Worldwide SA PAI Europe VII Merger 1,542.0 EUR Divestiture Food Service Contractors Other Financial Vehicles Pending 1,542.0 EUR Leveraged Buyout BNP Paribas SA Rothschild & Co Friendly - Financial Acquiror Credit Agricole CIB Rumored Deal Morgan Stanley Institutional Buyout

Consideration: EUR 1.542 bil (USD 1.731 bil) cash/stock ------03/20/19 Nexstar Media-TV Stations(6) EW Scripps Co Acq. of Assets 505.0 US Divestiture Television Broadcasting Newspaper Publishers Pending 505.0 US Bank of America Merrill Lynch Morgan Stanley Friendly - Methuselah Advisors LLC

Consideration: USD 505 mil/assets ------03/20/19 Nexstar Media-WPIX TV Station EW Scripps Co Acq. of Assets 75.0 US Divestiture Television Broadcasting Newspaper Publishers Pending 75.0 US Bank of America Merrill Lynch Morgan Stanley Friendly - Methuselah Advisors LLC

Consideration: Not Available ------03/22/19 e-Front SAS Blackrock Inc Merger 1,143.1 EUR* Divestiture Software Publishers Investment Banking and Securit Pending 1,143.1 EUR* Rumored Deal Credit Suisse Group Friendly - Morgan Stanley

Consideration: An estimated EUR 1.143 bil (USD 1.3 bil) cash/stock *Value Estimated ------03/22/19 Scb Life Assurance PCL FWD Grp Finl Svcs Pte Ltd Acq. Maj. Int. - Divestiture Direct Life Insurance Carriers All Other Insurance Related Ac Pending - Morgan Stanley Friendly -

Consideration: Not Available ------03/24/19 Brammer Bio LLC Thermo Fisher Scientific Inc Acq. of Assets 1,700.0 US * Divestiture Biological Product (Except Dia Mnfr analytical tech,equipment Pending 1,700.0 US * Morgan Stanley Wells Fargo Securities LLC Friendly -

Consideration: An estimated USD 1.7 bil cash/ assets *Value Estimated ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/25/19 TIER REIT Inc Cousins Properties Inc Merger 2,259.6 US Stock Swap Lessors Of Other Real Estate P Real estate investment trust Pending 1,589.5 US JP Morgan Securities LLC Morgan Stanley Friendly 29.44

Consideration: 2.98 new shs com/sh com ------03/26/19 Tank Hldg Corp Olympus Partners LP Acq. of Assets - Divestiture 03/26/19 Engineering Services Private equity firm Completed - Leveraged Buyout Morgan Stanley Friendly - Financial Acquiror Barclays Institutional Buyout

Consideration: Not Available ------03/26/19 Citizenm GIC Pte Ltd Acq. Part. Int. - Privately Negotiated Purchase 03/26/19 Hotels (Except Casino Hotels) Provide investment management Completed - Financial Acquiror Morgan Stanley Friendly -

Consideration: Not Available ------03/27/19 Atlas Air Worldwide Hldg Inc Amazon.com Inc Acq. Part. Int. 350.9 US Privately Negotiated Purchase Pvd air cargo transp svcs Own,operate e-commerce retail Intended 350.9 US Morgan Stanley Neutral 52.90

Consideration: USD 52.9 cash/warrants ------03/27/19 RDI REIT PLC Cromwell Property Group Merger - Unsolicited Deal Lessors Of Other Real Estate P Provides property investment, Withdrawn - JP Morgan Cazenove Goldman Sachs & Co Friendly - Peel Hunt LLP Morgan Stanley

Consideration: Not Available ------03/27/19 SABIC Saudi Arabian Oil Co Acq. Maj. Int. 259,140.0 SR Divestiture Manufacture,wholesale petroche Crude Petroleum and Natural Ga Pending 259,140.0 SR Rumored Deal HSBC Holdings PLC JP Morgan Friendly 123.40 Citi Morgan Stanley SA Goldman Sachs & Co Bank of America Merrill Lynch

Consideration: SAR 123.4 (USD 32.907)/sh ord ------03/28/19 Supermarket Grcry Spls Pvt Ltd Investor Group Acq. Part. Int. 10,363.4 RE Acquiror is an Investor Group Electronic Shopping Investor group Pending 10,363.4 RE Privately Negotiated Purchase Morgan Stanley Friendly - Rumored Deal Financial Acquiror

Consideration: Not Available ------

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report

Morgan Stanley Deal Sheet March 2018 - March 2019

Date Ann Target Name Acquiror Name Form Rank Value (1) Date Eff Business Description Business Description Status Value (2) Acquisition Date Unc Financial Advisors(s) Financial Advisor(s) Attitude Price/Sh Technique(s) ------03/28/19 DEC Ltd Giant Asset Hldg Ltd Merger 811.5 HK Divestiture Lessors Of Nonresidential Buil Administrative Management and Pending 811.5 HK Internal Reorganization Morgan Stanley Friendly -

Consideration: Not Available ------03/28/19 Belminton Inc Giant Asset Hldg Ltd Merger 475.5 HK Divestiture Corporate, Subsidiary, and Reg Administrative Management and Pending 475.5 HK Internal Reorganization Morgan Stanley Friendly -

Consideration: Not Available ------03/29/19 Tokiwa Corp Carlyle Japan Partners III LP Merger - Financial Acquiror Mnfr cosmetics Other Financial Vehicles Pending - Mitsubishi UFJ Morgan Stanley Friendly -

Consideration: Not Available ------03/31/19 Transit Australia Grp Pty Ltd AATS Group Acq. of Assets - Rumored Deal Freight Transportation Arrange Freight Transportation Arrange Pending - Financial Acquiror UBS Investment Bank Morgan Stanley Friendly -

Consideration: Not Available ------

Footnotes: (1) Transaction Value in millions (including net debt of Target) (2) Transaction Value in millions (not including net debt of Target)

Source: Thomson Reuters Date: 4/29/2019

Brief Summary Report