MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

GARNET EQUITY CAPITAL HOLDINGS, INC.'s Holding History (CIK: 0001423876)

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

Q3 2018

Shares 50,000 Value ($000) $2,329 Avg Close $38.94 Range $36.75 - $40.98

Q2 2018

Shares 100,000 Value ($000) $4,740 Avg Close $41.43 Range $37.41 - $44.18

Q1 2018

Shares 100,000 Value ($000) $5,396 Avg Close $43.68 Range $39.53 - $46.93

Q4 2017

Shares 70,000 Value ($000) $3,673 Avg Close $39.73 Range $37.31 - $42.69

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	50,000	$2,329	$38.94	$36.75 - $40.98
Q2 2018	100,000	$4,740	$41.43	$37.41 - $44.18
Q1 2018	100,000	$5,396	$43.68	$39.53 - $46.93
Q4 2017	70,000	$3,673	$39.73	$37.31 - $42.69