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Disclosure of Morgan Stanley shareholdings in accordance with stock market rules

Pfäffikon SZ, September 21, 2006 According to an announcement by Morgan Stanley and Co. International Limited, 20 Cabot Square, Canary Wharf, London, United Kingdom, E14 4QW dated September 19, 2006 said institution held, a total of 847 244 registered shares, attached to which are 847 244 voting rights in OC Oerlikon Corporation AG, Pfäffikon. Their share of voting rights is thus at 5.99 %.

For further information, please contact:

Sara Vermeulen-Anastasi

Sara Vermeulen-Anastasi

Head of Group Communications

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