FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

As Agent Bank, please be advised of the following rate determined on: 10/01/2013
Issue	¦ Morgan Stanley and Co Ltd- Ser 54 EUR 2,000,000,000 Senior Bearer FRN Due 13 Apr 16
ISIN Number	¦ XS0250971222
ISIN Reference	¦ 250971222
Issue Nomin EUR	¦ 2250000000
Period	¦ 14/01/2013 to 15/04/2013			Payment Date 15/04/2013
Number of Days	¦ 91
Rate	¦ 0.59
Denomination EUR	¦ 1000		¦ 2250000000		¦
Amount Payable per Denomination	¦ 1.49		¦ 3355625. 0		¦
Bank of New York
Rate Fix Desk	Telephone			¦ 44 1202 689580
Corporate Trust Services		Facsimile		¦ 44 1202 689601