SOURCE: Daiwa Securities Trust Company

December 20, 2007 11:25 ET

The Thai Capital Fund Announces Annual Distribution for 2007

JERSEY CITY, NJ--(Marketwire - December 20, 2007) - The management of The Thai Capital Fund, Inc. (AMEX: TF) today announced that the Fund will pay its year-end distribution in the amount of $0.20 per share, an amount necessary to meet the distribution requirement imposed by the Internal Revenue Code of 1986, as amended. This dividend will be paid in cash from ordinary income.

Shareholders who participate in the Fund's Dividend Reinvestment Plan will receive an equivalent dividend amount in shares of the Fund.

The dividend will be payable on December 27, 2007 to the shareholders of record at the close of business on December 21, 2007. The American Stock Exchange has determined that the ex-dividend date will be December 19, 2007.

The Fund is a closed-end management investment company which seeks long-term capital appreciation through investment primarily in Thai equity securities.

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