Morgan Stanley



MORGAN STANLEY - Series 1835 - ISIN XS0348576447 - Maturity Date 15 MARCH 2013 -
GBP 5,000,000

Please be advised the following issue has been repurchased for GBP 3,371,000 on
22 APRIL 2008.

The outstanding balance will therefore be GBP 1,629,000

Please amend your records accordingly.
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