MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

Ruffer LLP's Holding History (CIK: 0001426859)

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

Q4 2015
Shares 7,500 Value ($000) $238 Avg Close $25.00 Range $22.61 - $26.92
Q1 2015
Shares 10,000 Value ($000) $357 Avg Close $26.67 Range $25.09 - $29.04