Morgan Stanley Emerging Markets Fund, Inc. Announces Approval of Reorganization

Morgan Stanley Emerging Markets Fund, Inc. MSF (the "Fund") is pleased to announce that its stockholders, at the Fund's Special Meeting of Stockholders held on January 7, 2019, approved the reorganization (the "Reorganization") of the Fund into the Emerging Markets Portfolio ("MSIF Emerging Markets"). MSIF Emerging Markets is a diversified series of Morgan Stanley Institutional Fund, Inc., an open-end management investment company advised by the Fund's investment adviser.

In connection with the Reorganization, stockholders of the Fund will receive newly issued Class I shares of MSIF Emerging Markets with a value equal to the aggregate net asset value of their common shares of the Fund on the valuation date, which is expected to be the close of business on or about February 22, 2019. The transaction is currently expected to close on or about February 25, 2019, subject to the satisfaction of certain conditions. Stockholders of the Fund will continue to be able to trade their common shares of the Fund on the New York Stock Exchange until the close of business on or about February 22, 2019. Subsequently, the Fund will cease trading on the New York Stock Exchange and will be dissolved.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 658 investment professionals around the world and $471 billion in assets under management or supervision as of September 30, 2018. Morgan Stanley Investment Management 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. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley MS is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more 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.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20190107005950/en/