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

The Latin American Discovery Fund, Inc. (NYSE:LDF) (the “Fund”) announced today that Class II Directors Michael Bozic and Michael Klein have resigned from the Board of Directors (the “Board”) of the Fund, effective August 5, 2015, 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, Jakki Haussler has resigned as a Class III Director of the Fund, effective August 5, 2015, in order to realign the class structure of the Fund, and has been appointed by the Board as a Class II Director of the Fund, effective August 6, 2015.

The Fund is a non-diversified, closed-end management investment company that seeks long-term capital appreciation through investments primarily in equity securities of Latin American issuers and by investing, from time to time, in debt securities issued or guaranteed by a Latin American government or governmental entity.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 585 investment professionals around the world and $403 billion in assets under management or supervision as of June 30, 2015. 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 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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The Latin American Discovery Fund, Inc.800-231-2608