June 26, 2009

Approval of proposal by Morgan Stanley to acquire up to 9.9 percent of the voting shares of Chinatrust Financial Holding Company

For immediate release

The Federal Reserve Board on Friday announced its approval of the proposal by Morgan Stanley, New York, New York, to acquire up to 9.9 percent of the voting shares of Chinatrust Financial Holding Company, Ltd., Taipei, Taiwan, and thereby increase its indirect interest in Chinatrust Bank (U.S.A.), Torrance, California.

Attached is the Board's Order relating to this action.

Last Update: June 26, 2009