Company Press Release

NEUBERGER BERMAN INTRODUCES GLOBAL EQUITY, GLOBAL THEMATIC OPPORTUNITIES FUNDS

NEW YORK, September 7, 2011 – Neuberger Berman Group LLC, one of the world’s leading employee-owned money managers, announced today the launch of two funds, Neuberger Berman Global Equity Fund (tickers: NGQAX, NGQCX, NGQIX) and Neuberger Berman Global Thematic Opportunities Fund (tickers: NGHAX, NGHCX, NGHIX). The two new portfolios join Neuberger Berman Global Allocation Fund (tickers: NGLAX, NGLCX, NGLIX), introduced in June, in providing U.S. investors with broad strategies covering the world's developed and developing capital markets.

"The global investment landscape provides U.S. investors with a wide range of attractive opportunities, and we're pleased to offer our clients these two new global funds, managed by exceptional investment teams," said Joseph Amato, Neuberger Berman's president. "Along with the Global Allocation portfolio available for the first time to investors in a mutual fund format, the Neuberger Berman Global Equity and Global Thematic Opportunities Funds are designed to offer shareholders a broad range of investment strategies spanning the world’s capital markets."

Neuberger Berman Global Equity Fund invests primarily in mid- and large-capitalization companies in both developed and emerging markets. The team focuses on companies that are able to sustain high levels of profitability and organic revenue growth, but that trade at a discount to intrinsic value. They look for companies with a sustainable competitive advantage, a shareholder-oriented management team, and a healthy balance sheet underpinned by strong cash flow. The team seeks to control volatility by assessing political, economic and business risk facing each company being considered for the portfolio.

Neuberger Berman Global Equity Fund is managed by Benjamin Segal and Saurin Shah. Segal also serves as manager of the Neuberger Berman International and International Large Cap Funds (tickers: NIRAX, NIRCX, NBISX, NBITX and NBNAX, NBNCX, NILIX, NBNRX, NILTX, respectively), both of which are rated 4 stars by Morningstar Inc. As of July 31, 2011, the team managed a total of $7.6 billion in global assets for Neuberger Berman’s institutional and individual clients.

Neuberger Berman Global Thematic Opportunities Fund invests primarily in equity securities of companies in both developed and emerging markets. Through an unconstrained approach, the portfolio managers seek to identify significant and under-appreciated trends across the globe, and utilize proprietary research to move within themes to identify undervalued companies they believe will benefit from such trends. The strategy has been available to institutional and high net worth investors since 2003.

Portfolio managers of the Fund are Tony Gleason, Alexandra (Sandy) Pomeroy, Richard Levine, and William Hunter. They are members of Neuberger Berman’s MLG Group, which as of July 31, 2011, managed $6.4 billion in assets for institutions and individuals in global and U.S. strategies, including the Morningstar 5-star rated Neuberger Berman Equity Income Fund (tickers: NBHAX, NBHCX, NBHIX, NBHRX).

About Neuberger Berman
Established in 1939, Neuberger Berman is one of the world’s leading independent and employee- controlled asset management companies, managing approximately $198 billion in assets for institutional and individual investors as of June 30, 2011, including approximately $96 billion in equity, $85 billion in fixed income, and $18 billion in alternatives. Neuberger Berman provides a broad range of global investment solutions to institutions and individuals through customized separately managed accounts, mutual funds and alternative investment products. For more information, please visit our website at www.nb.com