ROYAL BANK OF CANADA

CUSIP: 780082AD5 Class: NOTE 4.650% 1/2

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q1 2017
Shares 1,059,000 Value ($000) $111,991 Avg Close — Range —
Q4 2016
Shares 854,000 Value ($000) $90,979 Avg Close — Range —
Q3 2016
Shares 1,934,000 Value ($000) $210,798 Avg Close — Range —