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Morgan Stanley Eastern Europe Fund, Inc. Announces Information Regarding Liquidation of the Fund

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Morgan Stanley Eastern Europe Fund, Inc. (NYSE:RNE) (the “Fund”) announced today that it will close its share register books at the close of business on March 20, 2015 (the “Effective Date”) and that trading of the Fund’s stock on the NYSE will be suspended before the market open on March 23, 2015. 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 March 27, 2015.

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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