NEWS

Contact:
Victoria Odinotska
Kanter and Company, LLC
Tel. 703.534.3735

Matthews Asia Funds Now Available to Morgan Stanley Clients

San Francisco, CA, July 22, 2008 — Matthews International Capital Management, LLC, advisor to the Matthews Asia Funds, has announced today an agreement making their family of no-load funds available to Morgan Stanley’s large network of financial advisors. Matthews, the largest dedicated Asia investment specialist in the U.S., makes available its regional, country and sector funds through the Morgan Stanley Advisory and Custom Portfolio programs.

“We are very pleased to be working with Morgan Stanley in bringing their clients the opportunity to gain exposure to Asia through our funds,” said William J. Guilfoyle, Co-CEO of Matthews International Capital Management. “This agreement demonstrates the increasing importance of Asia in building global client portfolios and a recognition that Matthews Asia Funds offer a variety of ways for investors to capitalize on Asia’s anticipated growth over the long term. It also exemplifies our commitment to delivering investment solutions to financial advisors,” he added.

Since its inception in 1991, Matthews International Capital Management, LLC has focused exclusively on investing in the Asia Pacific region, specializing in actively managed, bottom-up portfolio with a focus on long-term investment performance. As of June 30, 2008, the firm managed nearly $9 billion in assets. Matthews is the investment advisor to the nine no-load Matthews Asia Funds, including: Matthews Asia Pacific, Matthews Asia Pacific Equity Income, Matthews Pacific Tiger, Matthews Asian Growth and Income, Matthews Asian Technology, Matthews China, Matthews Japan, Matthews India and Matthews Korea Funds. For more information please visit www.matthewsasia.com.

Investing in foreign securities may involve certain additional risks, including exchange-rate fluctuations, less liquidity, greater volatility and less regulation. Single-country and sector funds may be subject to a higher degree of market risk than diversified funds because of concentration in a specific sector or geographic region.