The Turkish Investment Fund, Inc. Announces Results of Annual Meeting of Stockholders

The Turkish Investment Fund, Inc. (NYSE: TKF) (the “Fund”) announced today that a proposal to liquidate and dissolve the Fund did not receive the required vote to be approved by stockholders at its annual meeting of stockholders held on June 21, 2017 and adjourned from time to time until August 3, 2017 (the “Stockholder Meeting”). The Fund also announced today that, at the Stockholder Meeting, its stockholders approved the election of Kathleen A. Dennis, Joseph J. Kearns, Michael E. Nugent and Fergus Reid as Class I Directors for a term expiring in 2020 and Patricia Maleski as a Class III Director for a term expiring in 2019.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 581 investment professionals around the world and $435 billion in assets under management or supervision as of June 30, 2017. 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. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 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 securities nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

Investing involves risk and it is possible to lose money on any investment in the Fund.

CRC 1864778 08/2017

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