The Malaysia Fund, Inc. Announces Information Regarding Liquidation of the Fund

The Malaysia Fund, Inc. (NYSE: MAY) (the “Fund”) announced today that it will close its share register books at the close of business on August 17, 2012 (the “Effective Date”) and that trading of the Fund’s stock on the NYSE will cease on August 20, 2012. The proportionate interests of stockholders in the assets of the Fund shall be fixed on the basis of their respective holdings at the close of business on the Effective Date, and the Fund expects to make a final liquidating distribution to stockholders as of the Effective Date on or about August 24, 2012.

The Fund is a closed-end, U.S.-registered management investment company and seeks long-term capital appreciation through investment primarily in equity securities of Malaysian companies. The Fund is advised by Morgan Stanley Investment Management Inc.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has 600 investment professionals around the world and $311 billion in assets under management or supervision as of June 30, 2012. 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 1,200 offices in 43 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.