Morningstar Australasia Provides Comprehensive International Shares Research to RBS Morgans

Sydney, NSW - 17 July 2013

Morningstar Australasia Pty Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced it will provide comprehensive research on international shares to RBS Morgans Holdings Pty Ltd (RBS Morgans), Australia's largest national full-service retail stockbroking and wealth management firm.

RBS Morgans will receive access to the research through Morningstar® Analyst Research CenterTM, an online resource that includes Morningstar's regularly-updated analyst reports, ratings, and data for stocks, managed funds, exchange-traded funds, and commodities, as well as proprietary Morningstar tools. Morningstar Analyst Research Center incorporates analyst-driven ratings such as the Morningstar® Economic MoatTM Rating, Uncertainty Rating, and Morningstar's Fair Value Estimate.

"We're pleased to expand our relationship with RBS Morgans," Morningstar Australasia Chief Executive Officer Anthony Serhan said. "Australian investors and their advisers are increasingly looking to incorporate international companies into their portfolios. Morningstar's consistent global framework for equity analysis means that RBS Morgans advisers will be able to easily and effectively compare local and international companies to identify those most suitable for their clients' portfolios."

"We were impressed by the breadth and depth of insights in Morningstar's research on international shares," Morgans Managing Director Brian Sheahan said. "This agreement complements other recent initiatives as part of our broader strategic goal of providing our advisers and clients with quality research on a wide spectrum of investment opportunities."

Morningstar's team of 120 equities and corporate credit analysts provides qualitative analyst coverage of approximately 1,700 companies and 700 debt issuers globally. Morningstar does not charge listed companies for the production of analyst research.

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