Morgan Stanley Eastern Europe Fund, Inc. Announces Share Repurchase Program

Morgan Stanley Eastern Europe Fund, Inc. announced that its Board of Directors has approved a tender offer to acquire in exchange for cash up to 15% of the Fund’s outstanding shares at a price equal to 98.5% of the Fund’s net asset value per share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires (the Tender Offer). The timing of the Tender Offer will be announced as soon as practicable. Additional terms and conditions of the Tender Offer will be set forth in its offering materials, which will be distributed to the Fund’s stockholders. If more than 15% of the Fund’s outstanding shares are tendered, the Fund will purchase its shares from tendering stockholders on a pro rata basis at a price of 98.5% of the Fund’s net asset value per share.