Morgan Stanley India Investment Fund, Inc. Today Declared Mid-Year Distribution NEW YORK, June 20 /PRNewswire-FirstCall/ -- Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) today declared a mid-year income dividend of $0.0757 per share of net investment income and $0.1385 of long-term capital gains. RECORD DATE PAYABLE DATE 06/30/05 07/15/05 Morgan Stanley India Investment Fund, Inc. (the "Fund") is a closed-end management investment company seeking to achieve long-term capital appreciation through investments primarily in equity securities of Indian issuers. The Fund's advisor is Morgan Stanley Investment Management Inc., (MSIM) a unit of Morgan Stanley. MSIM, with over 400 investment professionals around the world, has more than $427 billion in assets under management or supervision as of February 28, 2005. The division offers wealth management services to a diverse client base, which includes governments, institutions, corporations and individuals. Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations. DATASOURCE: Morgan Stanley India Investment Fund, Inc. CONTACT: JPMorgan Investor Services, Mark Kucera, +1-617-557-8844; or Media, Chad Peterson of Morgan Stanley Investment Management, +1-212-762-9612, both for Morgan Stanley India Investment Fund, Inc.

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