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Press Release

Neuberger Berman Introduces Emerging Markets Income Fund for U.S. Investors

Media Contacts:

Alexander Samuelson, 212.476.5392, Alexander.Samuelson@nb.com

NEW YORK, September 30, 2013 – Neuberger Berman Group LLC, one of the world's leading employee-controlled money managers, is pleased to announce the launch of the Neuberger Berman Emerging Markets Income Fund ("the Fund") (tickers: NERAX, NERCX, NERIX), as U.S. investors continue to seek ways to diversify their portfolios and generate income in a low-yield investment environment.

The Fund's managers believe emerging markets economies will steadily improve through the remainder of 2013, with growth accelerating in 2014. That anticipated growth trajectory supports their opportunistic approach to emerging markets debt (EMD), as they have the flexibility to invest across emerging markets hard currency, local currency and corporate bonds.

The Fund's lead managers are: Rob Drijkoningen and Gorky Urquieta, co-heads of Neuberger Berman's EMD team, as well as Jennifer Gorgoll, Raoul Luttik, Nish Popat, and Bart van der Made. They and colleagues joined Neuberger Berman earlier this year and previously managed over $16 billion in EMD assets at their former employer. In addition to the new Neuberger Berman Emerging Markets Income Fund, the team manages institutional portfolios for U.S. and international clients, and three Dublin-domiciled Emerging Markets Debt UCITS funds for non-U.S. investors.

"We believe the structural case for EMD remains strong, as investors increasingly recognize the economic significance, improved credit quality, and depth of emerging markets economies and capital markets," said Drijkoningen. "EMD should continue to benefit from the long-term trend of inflows, as investors in the U.S. and internationally look to include emerging markets to their fixed income exposure," Urquieta added.

Neuberger Berman's EMD team is one of the largest and most experienced in the investment management industry, with team members having managed EMD portfolios since 1994. The 22-person investment team includes 12 portfolio managers, six credit analysts and four economists and strategists, operating from offices in the U.S., Europe and Asia, and providing dedicated regional expertise and around-the-clock market coverage. Neuberger Berman's EMD investment capabilities span hard and local currency mandates, as well as EMD corporate bond and dedicated Asian debt strategies.

About Neuberger Berman

Neuberger Berman is a private, independent, employee-controlled investment manager. It partners with institutions, advisors and individuals throughout the world to customize solutions that address their needs for income, growth and capital preservation. With more than 400 professionals focused exclusively on asset management, it offers an investment culture of independent thinking. Founded in 1939, the company provides solutions across equities, fixed income, hedge funds and private equity, and had $214 billion in assets under management as of June 30, 2013. For more information, please visit our website at www.nb.com.