MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

GUARDIAN CAPITAL LP's Holding History (CIK: 0001224324)

Note: Option positions (PUT/CALL) are excluded.

Q4 2017

Shares 9,559 Value ($000) $502 Avg Close $39.73 Range $37.31 - $42.69

Q3 2017

Shares 4,722 Value ($000) $227 Avg Close $36.26 Range $34.33 - $38.29

Q2 2017

Shares 4,838 Value ($000) $216 Avg Close $33.54 Range $31.40 - $35.81

Q1 2017

Shares 9,685 Value ($000) $415 Avg Close $34.36 Range $31.06 - $36.70

Q4 2016

Shares 10,052 Value ($000) $425 Avg Close $29.14 Range $23.75 - $33.99

Q3 2016

Shares 11,155 Value ($000) $358 Avg Close $22.85 Range $18.72 - $24.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	9,559	$502	$39.73	$37.31 - $42.69
Q3 2017	4,722	$227	$36.26	$34.33 - $38.29
Q2 2017	4,838	$216	$33.54	$31.40 - $35.81
Q1 2017	9,685	$415	$34.36	$31.06 - $36.70
Q4 2016	10,052	$425	$29.14	$23.75 - $33.99
Q3 2016	11,155	$358	$22.85	$18.72 - $24.89