TTF Thai Fund (The) (delisted)

The Thai Fund, Inc. (NYSE: TTF) (the �Fund�) today announced that, effective immediately, the members of the Emerging Markets Equity team primarily responsible for the day-to-day operation of the Fund are Munib Madni, an Executive Director of Morgan Stanley Investment Management Inc. (�MSIM�), Ruchir Sharma, a Managing Director of MSIM, and James Cheng, a Managing Director of Morgan Stanley Investment Management Company. The Fund is a non-diversified, closed-end management investment company, the shares of which are listed on the New York Stock Exchange (TTF). The Fund�s investment objective is long-term capital appreciation which it seeks to achieve by investing primarily in equity securities of Thai issuers. MSIM is the Fund�s investment adviser. Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 1,000 investment professionals around the world and approximately $605 billion in assets under management or supervision as of May 31, 2008. By leveraging its global �community of boutiques� structure and the strength of Morgan Stanley, MSIM strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 33 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.