Company Press Release

NEUBERGER BERMAN INTRODUCES EMERGING MARKETS INCOME FUND FOR U.S. INVESTORS

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.

An investor should consider Neuberger  Berman  Emerging  Markets  Income  Fund’s  investment objectives, risks and fees and expenses carefully before investing. This and other important information can be found in the Fund’s  prospectus  or  summary  prospectus,  which  you  can  obtain  by  calling  877.628.2583.  Please  read  the   prospectus or summary prospectus carefully before making an investment.

The value of an individual security or particular type of security can be more volatile than the market as a whole and can perform differently from the value of the market as a whole. In addition, the Fund is classified as non- diversified.  As  such,  the  percentage  of  the  Fund’s  assets  invested  in  any  single  issuer  or  a  few  issuers  is  not  limited   by the Investment Company Act of 1940. Investing a higher percentage of its assets in any one or a few issuers could increase the  Fund’s  risk  of  loss  and  its  share  price  volatility,  because  the  value  of  its  shares  would  be  more   susceptible to adverse events affecting those issuers.

The  Fund’s  yield  and  share  price  will  fluctuate  in  response  to  changes  in  interest  rates.  In  general, the value of investments with interest rate risk, such as fixed income securities, will move in the direction opposite to movements in interest rates.

The  Fund’s  performance  could  be  affected  if  borrowers  pay  back  principal  on  debt  securities  before  or  after the market anticipates such payments, shortening or lengthening their duration. Floating rate securities can be less sensitive to prepayment risk. Lower-rated  debt  securities  (commonly  known  as  “junk  bonds”)  involve  greater  risks  than  investment  grade debt securities. Lower-rated debt securities may fluctuate more widely in price and yield than investment grade debt securities and may fall in price during times when the economy is weak or is expected to become weak.

Loans generally are subject to restrictions on transfer, and the Fund may be unable to sell loans at a time when it may otherwise be desirable to do so or may be able to sell them only at prices that are less than what the Fund regards as their fair market value. Loans may be difficult to value. Therefore, there is a risk that the value of the collateral securing a loan may decline after the Fund invests and that the collateral may not be sufficient to cover the amount  owed  to  the  Fund.  In  the  event  the  borrower  defaults,  the  Fund’s  access to the collateral may be limited or delayed by bankruptcy or other insolvency laws.

Foreign securities, including those issued by foreign governments, involve risks in addition to those associated with comparable U.S. securities. Additional risks include exposure to less developed or less efficient trading markets; social, political or economic instability; fluctuations in foreign currencies or currency redenomination; potential for default on sovereign debt; nationalization or expropriation of assets; settlement, custodial or other operational risks; and less stringent auditing and legal standards. Investing in emerging market countries involves risks in addition to and greater than those generally associated with investing in more developed foreign countries. The governments of emerging market countries may be more unstable and more likely to impose capital controls, nationalize a company or industry, place restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or impose burdensome taxes that could adversely affect security prices.

Sovereign debt securities are subject to the risk that a governmental entity may delay or refuse to pay interest or repay principal on its sovereign debt, due, for example, to cash flow problems, insufficient foreign currency reserves,  political  considerations,  the  relative  size  of  the  governmental  entity’s  debt  position  in  relation  to  the   economy, its policy toward international lenders or the failure to put in place economic reforms required by multilateral agencies. If a governmental entity defaults, it may ask for more time in which to pay or for further loans.

Non-U.S. currency forward contracts, options, swaps, or other derivatives contracts on non-U.S. currencies involve a risk of loss if currency exchange rates move against the Fund. Forward contracts are not guaranteed by an exchange or clearinghouse and a default by the counterparty may result in a loss to the Fund.

Leverage  amplifies  changes  in  the  Fund’s  net  asset  value (“NAV”).  Derivative  instruments  that  the  Fund  uses  create   leverage and can result in losses to the Fund that exceed the amount originally invested.

The use of options involves investment strategies and risks different from those associated with ordinary portfolio securities  transactions.  If  the  Fund’s  Portfolio  Managers  apply  a  strategy  at  an  inappropriate  time  or  judge  market   conditions  or  trends  incorrectly,  options  may  lower  the  Fund’s  return.

Derivatives involve risks different from, and in some respects greater than, those associated with more traditional investments. Derivatives can be highly complex, can create investment leverage and may be highly volatile, and the Fund could lose more than the amount it invests. Derivatives may be difficult to value and may at times be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price.

The Fund may engage in active and frequent trading and may have a high portfolio turnover rate, which may increase  the  Fund’s  transaction  costs,  may  adversely  affect  the  Fund’s  performance  and/or  may  generate  a  greater   amount of capital gain distributions to shareholders than if the Fund had a low portfolio turnover rate.

The  “Neuberger  Berman”  name and logo are registered service marks of Neuberger Berman Group LLC. “Neuberger  Berman  Management  LLC”  and  the  individual  fund  names  in  this  piece  are  either  service  marks  or   registered service marks of Neuberger Berman Management LLC. ©2013 Neuberger Berman Management LLC. All rights reserved.

©2013 Neuberger Berman Management LLC, distributor.