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Morgan Stanley Eastern Europe Fund, Inc. Announces Stockholder Approval of Liquidation of the Fund

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Morgan Stanley Eastern Europe Fund, Inc. (NYSE:RNE) (the “Fund”) is pleased to announce that its stockholders, at the Fund’s Special Meeting of Stockholders held on February 23, 2015, approved the plan of liquidation and dissolution (the “Plan”) recommended by the Board of Directors. In accordance with the Plan, the Fund’s investment adviser, Morgan Stanley Investment Management Inc., will commence the orderly liquidation of the Fund’s assets. The Fund will make one or more liquidating distributions to the Fund’s stockholders, which will be paid in cash.

It is currently anticipated that by the end of the first quarter of 2015 the liquidation will be completed and the Fund’s shares of common stock will cease to trade on the New York Stock Exchange. The Fund is a closed-end, U.S.-registered management investment company and seeks long-term capital appreciation through investments primarily in equity securities of Eastern European country issuers and in debt securities issued or guaranteed by Eastern European country government or governmental entities.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has 585 investment professionals around the world and $403 billion in assets under management or supervision as of December 31, 2014. 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 (NYSE:MS) is a leading global financial services firm providing investment banking, securities, investment management and wealth 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.

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