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The India Fund, Inc. Distribution Announcement

The India Fund, Inc. (NYSE: IFN; the “Fund”) announced today a revised per share amount for the distribution originally announced in the Fund’s press release dated September 14, 2011. The amount of the distribution will be $0.88 per share payable on October 14, 2011 in cash or stock pursuant to the Fund’s dividend reinvestment and cash purchase plan to the shareholders of record on October 3, 2011. The ex date of the dividend is September 29, 2011. The distribution represents the undistributed amount of the Fund’s net investment income and net capital gains for the 2010 calendar year. This distribution includes $0.02 per share of net investment income, $0.09 per share of short-term capital gains and $0.77 per share of long-term capital gains.

The per share amount of the distribution has increased from the amount announced on September 14, 2011 as a result of the Fund’s recently expired semi-annual repurchase offer, pursuant to which the Fund will repurchase 5% of its outstanding shares, or 2,149,576.15 shares. Therefore, the total amount to be distributed in the distribution, which remains unchanged, will be paid on fewer shares, resulting in a higher per-share amount.

The Fund is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol “IFN.”

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment Manager is an affiliate of The Blackstone Group L.P.

Information on the Fund can be obtained on the Blackstone website ( www.blackstone.com) or by calling the Fund’s toll-free phone number at 1-866-800-8933.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “believe,”“continue” or other similar words. Such forward-looking statements are based on the Fund’s current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund’s filings with the Securities and Exchange Commission.

Copyright Business Wire 2010

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