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Philip J. Purcell, Stephen S. Crawford, Zoe Cruz and David H. Sidwell of Morgan Stanley to speak at the 2005 UBS Global Financial Services Conference

New York, May 3, 2005 — Philip J. Purcell, Chairman and Chief Executive Officer, Stephen S. Crawford and Zoe Cruz, Co-Presidents, and David H. Sidwell, Executive Vice President and Chief Financial Officer, of Morgan Stanley (NYSE:MWD) will discuss the global financial services industry at the 2005 UBS Global Financial Services Conference in New York on Tuesday, May 10, at 8:10 am Eastern Time. Both live and on-demand webcast versions of the discussion will be available. The on-demand webcast will be available 3 hours after the presentation until June 11, 2005. To access the webcast, please go to the Investor Relations Presentations section at www.morganstanley.com.

Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.