MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE: MGB) today declared a quarterly dividend of $0.1250 per share of net investment income. The dividend has been reduced from the prior quarter by $0.0100. -0- *T RECORD DATE PAYABLE DATE ----------- ------------ 06/30/06 7/14/06 *T Morgan Stanley Global Opportunity Bond Fund, Inc. (the "Fund"), advised by Morgan Stanley Investment Management Inc., 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. Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and more than $442 billion in assets under management or supervision as of February 28, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals. Morgan Stanley (NYSE: MS) is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations.