Mitsubishi UFJ Financial Group, Inc.
Morgan Stanley

Change in Shareholdings of Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd.

Tokyo, October 31, 2013---Mitsubishi UFJ Financial Group, Inc. (Nobuyuki Hirano, President & CEO;“MUFG”) and Morgan Stanley (James P. Gorman, Chairman & CEO) announced today the change inshareholdings and company name as well as relocation of the head office of Mitsubishi UFJ Merrill Lynch PB
Securities Co., Ltd. (Satoru Adachi, President & CEO; the “Company”). The closing of the transaction is subjectto regulatory approval.

1. Change in shareholdings
Mitsubishi UFJ Securities Holdings Co., Ltd. (Toshiro Toyoizumi, President & CEO), The Bank of TokyoMitsubishi UFJ, Ltd. (Nobuyuki Hirano, President), and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
(Toshiro Toyoizumi, President & CEO) will change the shareholdings of the Company as follows.

(1)

Current share of voting
rightsMitsubishi UFJ Securities Holdings:
The Bank of Tokyo-Mitsubishi UFJ:

51.00%
49.00%(2)

New share of voting
rightsMitsubishi UFJ Morgan Stanley Securities:
The Bank of Tokyo-Mitsubishi UFJ:

75.00%
25.00%(3)

Date of share transferagreement

October 31, 2013

(4)

Expected closing date

January 10, 2014

2. New company name and relocation of head office
The Company plans to change its name and relocate its head office, as follows.

(1)

Current company name

Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd.

(2)

New company name

Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd.

(3)

Expected date of changeof company name

January 10, 2014 *(4)Current location of head
officeNihonbashi 1-Chome Building,
1-4-1 Nihonbashi, Chuo-ku, Tokyo(5)

New location of headoffice

Otemachi Financial City North Tower,
1-9-5 Otemachi, Chiyoda-ku, Tokyo(6)Expected date of head
office relocation

January 10, 2014 **The new company name and relocation of the head office are scheduled to be effective after the close of business on January
10, 2014, and operations under the new company name at the new head office will commence on January 14, 2014.

3. Future strategy of the Company
In connection with its new shareholdings, the Company will enter into a new service agreement with MorganStanley.
The Company will leverage MUFG’s broad customer base, utilize Morgan Stanley’s global and high quality
insight, and further its collaborations with other group companies by strengthening its coordination withMitsubishi UFJ Morgan Stanley Securities, a joint venture securities company between MUFG and MorganStanley. The Company aims for further development of its wealth management business, which is already oneof the largest in Japan.

(Reference)
Overview of Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd. (as at March 2013)(1)

Company name

Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd.

(2)

Head office address

Nihonbashi 1-Chome Building,
1-4-1 Nihonbashi, Chuo-ku, Tokyo(3)

Description of business

Financial instruments business(4)

Capital

JPY 8 billion(5)

Fiscal year-end

March 31(6)Net assets

JPY 15.7 billion(7)

Total assets

JPY 43.1 billion(8)

History

May 2006

Commenced business as a joint venture
between MUFG and Merrill Lynch Group

December 2012

Changed its shareholding structure tocurrent structure*
Contacts:
Mitsubishi UFJ Financial GroupMorgan Stanley*

Public Relations Division
Media Relations*

81-3-3240-7651
81-3-5424-5013