MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Global Opportunity Bond Fund, Inc. Today Declared Quarterly Income Dividend NEW YORK, June 20 /PRNewswire-FirstCall/ -- Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE:MGB) today declared a quarterly income dividend of $0.1350 per share of net investment income. RECORD DATE PAYABLE DATE 06/30/05 07/15/05 Morgan Stanley Global Opportunity Bond Fund, Inc. (the "Fund") is a closed-end management investment company seeking to produce high current income and seeking capital appreciation by investing primarily in high yield bonds of issuers located throughout the world, including U.S. issuers and issuers in emerging countries. The Fund's primary investment objective is to seek to produce high current income and its secondary objective is to seek capital appreciation. 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. Contact: Morgan Stanley Global Opportunity Bond Fund, Inc. (MGB) For further information, please contact: Mark Kucera, JPMorgan Investor Services Phone Number: (617) 557-8844 For media inquiries only, please contact: Chad Peterson, Morgan Stanley Investment Management Phone Number: (212) 762-9612 DATASOURCE: Morgan Stanley Global Opportunity Bond Fund, Inc. CONTACT: JPMorgan Investor Services, Mark Kucera, +1-617-557-8844, (MGB); or Media, Chad Peterson of Morgan Stanley Investment Management, +1-212-762-9612, both for Morgan Stanley Global Opportunity Bond Fund, Inc.

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