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Disclosures

Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith
Barney LLC, a registered broker-dealer in the United States.

This event is for informational purposes only and is not an offer to buy or sell
or a solicitation of any offer to buy or sell any security or other financial
instrument or to participate in any trading strategy. There will be no
discussion of, or distribution of specific products or investments at this
event.  However Morgan Stanley Smith Barney LLC recommends that investors
independently evaluate particular investments, and encourages investors to seek
the advice of a Financial Advisor. The appropriateness of a particular
investment will depend upon an investor's individual circumstances and
objectives. Past performance is not necessarily a guide to future performance.

The guest speakers are neither employees of nor affiliated with Morgan Stanley
Smith Barney LLC (“Morgan Stanley”). Views and opinions expressed by the guest
speakers are solely their own and do not necessarily reflect those of Morgan
Stanley.  Guest speakers’ authored books do not constitute an endorsement,
authorization, sponsorship by or affiliation with Morgan Stanley. Morgan Stanley
is not responsible for the information contained therein.

Investing in the market entails the risk of principal loss as well as market
volatility. The value of all types of investments may increase or decrease over
varying time periods.

The returns on a portfolio consisting primarily of Environmental, Social and
Governance (“ESG”) aware/sustainable investments may be lower or higher than a
portfolio that is more diversified or where decisions are based solely on
investment considerations. Because ESG/sustainability criteria exclude some
investments, investors may not be able to take advantage of the same
opportunities or market trends as investors that do not use such criteria.
Diversification does not guarantee a profit or protect against loss in a
declining financial market.

The Morgan Stanley Global Impact Funding Trust, Inc. (“MS GIFT, Inc.”) is an
organization described in Section 501(c) (3) of the Internal Revenue Code of
1986, as amended. MS Global Impact Funding Trust (“MS GIFT”) is a donor-advised
fund. Morgan Stanley Smith Barney LLC provides investment management and
administrative services to MS GIFT.

Individuals executing a 10b5-1 trading plan should keep the following important
considerations in mind:

(1) 10b5-1 trading plans should be approved by the compliance officer or general
counsel of the individual’s company.

(2) A 10b5-1 trading plan may require a cessation of trading activities at times
when lockups may be necessary to the company (i.e., secondary offerings, pooling
transactions, etc.).

(3) A 10b5-1 trading plan does not generally alter the restricted stock or other
regulatory requirements (e.g., Rule 144, Section 16, Section 13) that may
otherwise be applicable.

(4) 10b5-1 trading plans that are modified or terminated early may weaken or
cause the individual to lose the benefit of the affirmative defense.

(5) Public disclosure of 10b5-1 trading plans (e.g., via press release) may be
appropriate for some individuals.

(6) Most companies will permit 10b5-1 trading plans to be entered into only
during open window periods.

(7) Morgan Stanley, as well as some issuers, imposes a mandatory waiting period
between the execution of a 10b5-1 trading plan and the first sale pursuant to
the plan.

When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley
Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”)
provide “investment advice” regarding a retirement or welfare benefit plan
account, an individual retirement account or a Coverdell education savings
account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms
are defined under the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as
applicable. When Morgan Stanley provides investment education, takes orders on
an unsolicited basis or otherwise does not provide “investment advice”, Morgan
Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For
more information regarding Morgan Stanley’s role with respect to a Retirement
Account, please visit  www.morganstanley.com/disclosures/dol. Tax laws are
complex and subject to change. Morgan Stanley does not provide tax or legal
advice. Individuals are encouraged to consult their tax and legal advisors (a)
before establishing a Retirement Account, (b) regarding any potential tax, ERISA
and related consequences of any investments or other transactions made with
respect to a Retirement Account.

Morgan Stanley at Work, Shareworks, Morgan Stanley Smith Barney LLC, and its
affiliates and employees do not provide legal or tax advice. Individuals should
consult their tax advisor for matters involving taxation and tax planning and
their attorney for matters involving trust and estate planning, charitable
giving, philanthropic planning and other legal matters.

Morgan Stanley is committed to conducting business in accordance with the
highest standards of integrity and transparency, and does not intend for this
invitation to influence, or provide an unfair advantage regarding, any action or
decision by yourself or any other attendee with respect to Morgan Stanley.

In accordance with legal and regulatory requirements, including the U.S. Foreign
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the laws to which you are subject, as well as your organization’s own policies
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Please note that you may subsequently be contacted by Morgan Stanley for
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Morgan Stanley Smith Barney LLC (Morgan Stanley).   

All attendees should identify if anyone else is present with them at the start
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