The Malaysia Fund, Inc. Announces Amendment to Discount Management Policy

The Board of Directors of The Malaysia Fund, Inc. (NYSE: MAY) (the “Fund”) approved an amendment to the Fund’s Discount Management Policy, which is designed to attempt to narrow the trading discounts for the Fund (the “Policy”). The Policy, as amended, requires the Fund to conduct up to four consecutive, semi-annual tender offers, each to purchase up to 5 percent of the Fund’s outstanding shares of common stock for cash at a price equal to 98 percent of its net asset value per share as of the close of trading on the New York Stock Exchange on the day after the date on which the tender offer expires, if the Fund’s shares trade at an average discount of at least 10 percent over a 12-week period. The amended Policy no longer includes a condition relating to the Fund’s average trailing 18-month premium/discount. The amended Policy is intended to be responsive to the concerns of Fund stockholders. The first 12-week measurement period under the amended Policy will commence April 11, 2011. For the 12-week period ended April 1, 2011, the Fund’s average discount was 9.81 percent.

The Board of the Fund will continue to periodically monitor whether any additional action with respect to the Fund's trading discount is necessary and in the best interests of the Fund and its stockholders.

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This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

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