Morgan Stanley Asia-Pacific Fund, Inc. Announces Commencement of Tender Offer

Morgan Stanley Asia-Pacific Fund, Inc.

announced today the commencement of a tender offer by the Fund to acquire in exchange for cash up to 5 percent of the Fund's outstanding shares at a price equal to 98 percent of the Fund's net asset value per share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires (the “Tender Offer”). If more than 5 percent of the Fund's outstanding shares are tendered, the Fund will purchase its shares from tendering stockholders on a pro rata basis at a price of 98 percent of the Fund's net asset value per share. The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer Notice and related Letter of Transmittal in connection with commencement of the Tender Offer on October 17, 2011 and termination of the Tender Offer at 11:59 p.m. New York time on November 14, 2011, unless extended. The pricing date will be November 15, 2011, unless the Tender Offer is extended.