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Morgan Stanley China A Share Fund, Inc. Announces The Results Of Its Transferable Rights Offering

Morgan Stanley China A Share Fund, Inc. (the “Fund”) (NYSE: CAF) is pleased to announce the results of its transferable rights offering (the “Rights Offering”). The rights entitled holders to subscribe for an aggregate of 5,440,904 shares (the “Shares”) of common stock of the Fund. The Rights Offering, which commenced on August 25, 2010 and expired on September 14, 2010 (the “Expiration Date”), was over-subscribed. The subscription price for the Shares purchased pursuant to the Rights Offering was determined to be $26.45 per Share, which represents 90 percent of the net asset value per share of the Fund’s common stock at the close of trading on the New York Stock Exchange (“NYSE”) on the Expiration Date. The Rights Offering generated approximately $140 million in new assets for the Fund. Morgan Stanley & Co. Incorporated acted as dealer manager for the Rights Offering. Shares subscribed for will be issued promptly after receipt of all stockholder payments and the pro rata allocation of Shares in connection with the Rights Offering’s over-subscription privilege.

The Fund is a non-diversified closed-end management investment company seeking capital growth through investments primarily in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. An investment in the Fund is not appropriate for all investors and should not be considered a complete investment program. There can be no assurance that the Fund will meet its investment objective. The Fund’s shares of common stock are listed on the NYSE under the symbol “CAF.” Morgan Stanley Investment Management Inc. (“MSIM”), the Fund’s investment adviser, is a wholly-owned subsidiary of Morgan Stanley.

MSIM, together with its investment advisory affiliates, has over 750 investment professionals around the world and approximately $251 billion in assets under management or supervision as of June 30, 2010. MSIM 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.

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