CERTIFICATION



Re:     Morgan Stanley Bank of
America Merrill Lynch Trust 2012-C5, Commercial Mortgage Pass-Through Certificates, Series 2012-C5(the “Transaction”),
issued pursuant to the Pooling and Servicing Agreement dated as of July 1, 2012 (the “Pooling and Servicing Agreement”),
executed in connection with the Transaction (capitalized terms used but not defined herein have the meanings set forth in the Pooling
and Servicing Agreement).








I, Jane Lam, certify that:



1.       I
have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this
report on Form 10-K of Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5 (the “Exchange Act periodic reports”);



2.       Based
on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;



3.       Based
on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period
covered by this report is included in the Exchange Act periodic reports;



4.       Based
on my knowledge and the servicer compliance statement(s) required in this report under Item 1123 of Regulation AB, and except as
disclosed in the Exchange Act periodic reports, the servicer(s) have fulfilled their obligations under the servicing agreement(s)
in all material respects; and



5.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports
on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance
with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except
as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in
this report on Form 10-K.



In giving the certifications above, I have
reasonably relied on information provided to me by the following unaffiliated parties:



| | ● | U.S. Bank National Association, as Trustee
| | - | ------------------------------------------

| | ● | U.S. Bank National Association, as Certificate Administrator
| | - | ------------------------------------------------------------

| | ● | Computershare Trust Company, National Association, as Servicing Function Participant for the Custodian
| | - | ------------------------------------------------------------------------------------------------------

| | ● | Wells Fargo Bank, National Association, as Custodian
| | - | ----------------------------------------------------

| | ● | KeyBank National Association, as Master Servicer
| | - | ------------------------------------------------

| | ● | Rialto Capital Advisors, LLC, as Special Servicer
| | - | -------------------------------------------------











| | ● | Park Bridge Lender Services LLC, as Operating Advisor
| | - | -----------------------------------------------------

| | ● | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer
| | - | ----------------------------------------------------------------------------------------



2







Date: March 27, 2023



| | By | /s/ Jane Lam     | 
| | -- | ---------------- | 
| |    | Name: Jane Lam  
| |    | Title: President



SOX Certification – MSBAM 2012-C5