The Thai Fund, Inc. Announces Discount Management Policy

The Board of Directors of The Thai Fund, Inc. (NYSE: TTF) (the “Fund”) approved a policy designed to attempt to narrow the trading discount for the Fund (the “Policy”).

The Policy requires the Fund to conduct up to four consecutive, semiannual tender offers, each to purchase up to 5 percent of the Fund’s outstanding shares of common stock for cash at a price equal to 98 percent of its net asset value per share as of the close of trading on the New York Stock Exchange on the day after the date on which the tender offer expires, if the Fund’s shares trade at an average discount of at least 10 percent over a 12-week period. The Policy is intended to be responsive to the concerns of the Fund’s stockholders. The first 12-week measurement period will commence on April 9, 2012.

The Fund currently maintains a share repurchase program for purposes of enhancing stockholder value and reducing the discount at which the Fund's shares trade from their net asset value. The Board of the Fund will also periodically monitor whether any additional action with respect to the Fund’s trading discount is necessary and in the best interests of the Fund and its stockholders.

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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.