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Margaret Kirch Cohenmargaret.cohen@morningstar.com
Morningstar to Announce First-Quarter 2006 Financial Results on May 4; Post 2005 Annual Report to Corporate Web Site on April 7

CHICAGO, April 6, 2006 – Morningstar, Inc. (NASDAQ: MORN) today announced that it plans to issue its first-quarter 2006 financial results before the market opens on Thursday, May 4, 2006. The company does not hold analyst conference calls; however, investors may submit written questions to Morningstar at investors@morningstar.com.

In addition, the company expects to post its 2005 annual report to shareholders on its corporate Web site at http://global.morningstar.com after the market closes on Friday, April 7.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutional clients. Morningstar provides data on more than 145,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 12 countries.

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©2006 Morningstar Inc.  All rights reserved.

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