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. -0- *T RECORD DATE PAYABLE DATE ----------- ------------ 9/29/06 10/13/06 For more information, contact: Mark Kucera, JPMorgan Investor Services Phone Number: (617) 557-8844 *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 $448 billion in assets under management or supervision as of August 31, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.