Mitsubishi UFJ Financial Group and Morgan Stanley commenced securities joint venture operations in Japan as of May 1, 2010. The joint venture, a cornerstone of our global partnership, operates as a two-company structure, which comprises Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities.

Company Name	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	Morgan Stanley MUFG Securities Co., Ltd.
Head Office	5-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-6317 Tel: 03-6213-8500 (General)	Yebisu Garden Place Tower 20-3, Ebisu 4-chome, Shibuya-ku, Tokyo 150-6008 Tel:  03-5424-5000 03-5723-5000 (General)
Establishment Date	March 4, 1948	March 6, 1984 (Establishment date for Morgan Stanley International Ltd., Tokyo Branch)
Capital	JPY 18 billion (As of June 30, 2011)	JPY 62.1 billion (As of November 29, 2011)
Representatives	President & CEO Toshiro Toyoizumi	President & CEO Jonathan B. Kindred
Principal Business	Financial Instruments Business	Financial Instruments Business
Business Operations	Investment Banking (M&A Advisory, Bond and Equity Underwriting) Sales and Trading Research Retail / Middle Markets	Bond and Equity Underwriting Sales and Trading Research
Website	www.sc.mufg.jp www.mumss.com	www.morganstanleymufg.com

Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities will combine MUFG’s broad client footprint with Morgan Stanley’s global reach to create Japan’s leading securities venture in terms of domestic market presence, global reach and, above all, customer service.