MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE: MGB) today declared a quarterly dividend of $0.1100 per share of net investment income. The dividend has been reduced from the quarter ended September 2006 (the most recent quarter representing regular dividends to stockholders) by $0.0150 per share of net investment income.* RECORD DATE PAYABLE DATE ----------- ------------ 03/30/07 04/13/07 For more information, contact: Mark Kucera, JPMorgan Investor Services Phone Number: (617) 557-8844 Morgan Stanley Global Opportunity Bond Fund, Inc. (the �Fund�), advised by Morgan Stanley Investment Management Inc., is a closed-end management investment company that seeks to produce high current income as a primary investment objective and, as a secondary objective, seeks capital appreciation by investing primarily in bonds of issuers located throughout the world, including U.S. issuers and issuers in emerging countries. Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and more than $478 billion in assets under management or supervision as of November 30, 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. * The dividend for the quarter ended December 2006 had special year-end adjustments.