<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Friday, June 12, 2015 12:27 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Fwd: Morning Meeting Summary - North America: June 12, 2015</td></tr></table>

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From: "Morgan Stanley" < >=br>Date:
June 12, 2015 at 7:21:55 AM EDT
To: <

=

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Wealth management</td></tr><tr><td>&lt;http://www.morganstanley.com/img/cs/spacer.g=f&gt;
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Subscription N-tification: June 12</td><td></td></tr><tr><td>&lt;http://www.morganstanley.com/i=g/cs/spacer.gif&gt;</td><td></td></tr><tr><td>&lt;http://www-morganstanley.com/img/cs/spacer.gif&gt;</td><td></td></tr><tr><td>&lt;http://www.morganstanley.com/img/cs/spacer.g=f&gt;</td><td></td></tr><tr><td>Morning Meeting Summary - North America: June 12,</td><td>2015</td></tr><tr><td>&lt;http://linkback.morganstanley.com/web-sendlink/webapp/f/uks46udu-3p8g-g000-b6ca-</td><td></td></tr><tr><td></td><td>005056028302?store=1&amp;d=Uw=SZXNIYXJjaF9NU1NCAEFDRjdGOTDELUYyRjltNERGRS05REU3LTFCQzdEMEFBOEUWQg%3</td></tr><tr><td>D%3D&amp;a=p;user=4juqj0un2dai0-0&amp;__gda__=1497266515_15408706aac42beb407b3ac2f=27f9f3&gt;</td><td></td></tr></table>

=

MSWM Research — Morgan Stanley Wealth Ma=agement

June 12, 2015 11:17 AM GMT

*

- Twitter Inc (TWTR.N): Another CEO Transi=ion, Remain Equal-weight

## FX Pulse: The Case for WY

Click h=re <http://linkback.morganstanley.com/web/sendlink/=ebapp/f/uks46udu-3p8g-g000-b6ca-005056028302?store=1&d=UwBSZXNiYXJjF9NU1NCAEFDRjdGOTdELUYyRjItNERGRS05REU3LTFcQzdEMEFBOEUwQg%3D%3D&user==juqj0un2dai0-0&__gda__=1497266515_15408706aac42beb407b3ac2fc27f9f3> to see the full report.

This alert is sent from:

Andrew Atlas,

=20

You received this because you asked to be=alerted to: MSWM Research - Morning Meeting Summary - North America

Disclosures:

Please see the full report for risks, disclosures and oth=r important information.

Important disclosures regarding the relationship between the companies that a=e referenced in Morgan Stanley research and Morgan Stanley Wealth Management= research are available on the Morgan Stanley Wealth Management disclosure w=bsite at https://www.morganstanley.com/online/researchdisclosures <https://www.morganstanley.com/online/researchdisclosure=>.

Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor t= any municipal entity or obligated person within the meaning of Section 15B=of the Securities Exchange Act (the "Municipal Advisor Rule") and the opini=ns or views contained herein are not intended to be, and do not constitute,=advice within the meaning of the Municipal Advisor Rule.

## Copyright

The copyright in materials provided by Morgan Stanley is owned by Morga= Stanley & Co. LLC. Morgan Stanley Wealth Management is the trade name o= Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United S=ates.

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