TTF Thai Fund (The) (delisted)

The Thai Fund, Inc. (the “Fund”) today declared the following dividends.

RECORD DATE

PAYABLE DATE

12/23/10

1/31/11

For more information call: 1-800-231-2608.

The amount of dividends paid by the Fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

The final determination of the source and tax characteristics of all distributions in 2010 will be made after the end of the year.

Investing involves risk and it is possible to lose money on any investment in the Fund.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 750 investment professionals around the world and approximately $273 billion in assets under management or supervision as of September 30, 2010. 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 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

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