The Latin American Discovery Fund, Inc. Announces Board of Directors Update

NEW YORK--(BUSINESS WIRE)--

The Latin American Discovery Fund, Inc. LDF (the "Fund") announced today that Class III Directors Frank L. Bowman, James F. Higgins and Manuel H. Johnson have resigned from the Board of Directors (the "Board") of the Fund, effective July 26, 2016, as the Fund does not expect that they will receive the required vote to be re-elected by stockholders of the Fund at the adjourned Meeting. In addition, Michael E. Nugent and Fergus Reid have resigned as Class I Directors of the Fund, effective July 26, 2016, in order to realign the class structure of the Fund, and have been appointed by the Board as Class III Directors of the Fund, effective July 27, 2016.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 590 investment professionals around the world and $405 billion in assets under management or supervision as of March 31, 2016. 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.

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 43 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.

CRC 1545849			07/2016

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