Private & Confidential

L&D Admin
Morgan Stanley
25 Cabot Square, Canary
Wharf, London
E14 4QA

21/08/2006

Please find enclosed our fee note 07002749 in respect of professional services, as itemised overleaf.

Invoices are payable within 30 days of the date of issue.

Please can you arrange for payment via BACS transfer to the following account:

The Royal Bank of Scotland plc

Threadneedle Street
London, EC2
United Kingdom

Sort Code: 15-10-00

Account No.: 20328749

Please ensure that the Penna invoice number is quoted as part of the reference for all transfers.

Alternatively a cheque can be sent, together with the advice slip, to our accounts department at:
Penna Plc
3rd Floor
St Mary’s Court
20 St Mary at Hill
London EC3R 8EE

If you have any queries concerning this invoice, please can you e-mail the relevant details to
Invoices@e-penna.com

Penna Plc
Finance Department
St Mary’s Court, 20 St Mary at Hill
London EC3R 8EE, UK
telephone +44(0)20 7648 2427
facsimile +44(0)20 7648 2450
email accounts@e-penna.com
website http://www.e-penna.com

Penna Plc
Registered Number 1918150 England.
Registered office: 3rd Floor, St Mary’s Court
20 St Mary at Hill, London, EC3R 8EE.
VAT Number GB 605 8497 19
Invoice

Morgan Stanley Penna Plc

Finance Department
25 Cabot Square, Canary St Mary’s Court, 20 St Mary at Hill
Wharf, London London EC3R 8EE, UK
telephone +44(0)20 7648 2427
E14 4QA facsimile +44(0)20 7648 2450
email accounts@e-penna.com
website http://www.e-penna.com

For the attention of: L&D Admin

Invoice date: 21/08/2006

Payment is due by: 20/09/2006
Invoice Number: 07002749
Client Account: D08899

Project Number: 004270

Project Name: Morgan Stanley Coaching
Project Manager: George Griffin
Purchase Order No:

Description Value
GBP

To: Professional Services

(as itemised overleaf) 470.00

Total 470.00
VAT @ 17.50% 82.25
Total due 552.25

Invoices are payable within 30 days of the date of issue.

Please can you arrange for payment via BACS transfer to the following account:

The Royal Bank of Scotland plc, Threadneedle Street, London, EC2, United Kingdom
Sort Code: 15-10-00 Account No:20328749

Please ensure that the Invoice Number and Client Account is quoted as part of the reference for all payments.

Please note a 3% Late Payment Fee will be charged if payment is not received by the due date.

A Penna Consulting Company. Registered Number 1918150 England. Registered office: 3rd Floor, St Mary’s Court, 20 St Mary at Hill, London, EC3R 8EE.
VAT Number GB 605 8497 19

----------------------------------------------------------------------------------------------------------

Remittance Advice
Please detach this slip and send it with your cheque to: Penna Plc, St Mary’s Court, 20 St Mary at Hill, London, EC3R 8EE. No receipt will be issued unless specifically
requested.

Invoice Number: 07002749 Total due: 552.25

Client Account: D08899 Invoice date: 21/08/2006

Morgan Stanley