NEW YORK — Nov 8, 2011

Morgan Stanley Infrastructure (MSI), the dedicated infrastructure investing platform of Morgan Stanley (NYSE: MS), announced today that Morgan Stanley Infrastructure Partners (MSIP), a USD 4 billion global infrastructure fund, has sold its 50 percent interest in SAESA Group (SAESA), a Chilean electricity distribution, transmission and generation company, to Alberta Investment Management Corporation (AIMCo) of Canada on behalf of its clients, for an undisclosed amount.

SAESA Group is the second-largest electricity distributor in Chile and is the main provider in the southern regions of the country. The company serves 713,000 customers, operates over 53,500 kilometers of transmission and distribution lines, and owns and operates in excess of 190 megawatts of wind, hydro, diesel and gas electric-generating capacity. SAESA is comprised of four distribution companies, a sub-transmission business serving the grid associated with three of the distribution companies, a regulated generation business and an energy wholesaler.

MSIP acquired SAESA in July 2008 with Ontario Teachers’ Pension Plan (Teachers’). Under the agreement, MSIP and Teachers’ each owned 50 percent of the company. Following the sale, Teachers’ will retain its 50 percent interest in SAESA.

“Our investment thesis for SAESA has been proven out, as we worked with the management team to implement operational changes and make additional investments that should allow SAESA to continue its strong growth,” said Sadek Wahba, Global Head of MSI and Chief Investment Officer of MSIP. “Ontario Teachers’ has been a great partner, and with AIMCo’s acquisition of our 50 percent interest, we believe SAESA is well positioned for future growth and continued success.”

About Morgan Stanley Infrastructure

Morgan Stanley Infrastructure, part of Morgan Stanley Investment Management, is an infrastructure investment and management platform with $4 billion under management that focuses on assets providing essential public goods and services to societies across the globe. MSI employs a disciplined process to invest in diverse assets, with an investment scope that covers 11 sectors in eight countries across four continents. With offices in North America, Europe and Asia, MSI leverages a global network of relationships to source investments in infrastructure-related sectors such as transport, energy & utilities, communications, and social infrastructure. For further information, please visit www.morganstanley.com/im/infrastructurepartners.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.