Neuberger Berman

April 23, 2014

Media Contacts:

Anji Stewart, +44 (0)20 3214 9013, Anji.Stewart@nb.com

London, April 23, 2014 – Neuberger Berman, one of the world’s leading employee-controlled investment managers, today announced the launch of its Emerging Market Debt Blend Fund  (the ‘Fund’), a sub-fund of its Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds plc. following the success of the US regulated version of the same strategy, launched in September 2013.

The newly launched fund gives investors direct exposure to the underlying securities, allowing for a more dynamic and alpha-driven solution versus the traditional fund of fund approach.

The Fund follows the successful introduction to the firm’s UCITS fund range of the Neuberger Berman Emerging Market Debt Hard Currency, Local Currency and Corporate Debt Funds in July 2013 and the Neuberger Berman Short Duration Emerging Market Debt Fund in December 2013.

The lead managers of the Fund are Rob Drijkoningen and Gorky Urquieta, Co-Heads of Neuberger Berman’s EMD team. The managers head Neuberger Berman’s 24 person global multi-site Emerging Market Debt team.  The team has managed EMD strategies for investors since 1994 and leverages insights from the firm’s broader Fixed Income group of 100+ investment professionals.

Rob Drijkoningen, Co-Head of EMD, stated “We believe that the breadth of our team gives us the expertise required to fully exploit alpha opportunities across this asset class.  The Emerging Markets Debt Blend Fund offer investors an integrated portfolio of our best ideas and has the potential to improve the risk-return profile of our client’s portfolios.”

Dik van Lomwel, Head of EMEA and LatAm, said “Many investors prefer to delegate the asset allocation decision within EMD, and our investment team have the proven skills as well as the track record in this regard.”

With the introduction of the Emerging Market Debt Blend Fund, Neuberger Berman’s UCITS fund platform now consists of 21 funds ranging across the global asset class spectrum with over US$18 billion in assets under management.

About Neuberger Berman

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 16 countries, Neuberger Berman’s team is approximately 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $242 billion in client assets as of December 31, 2013. For more information, please visit our website at www.nb.com .

The above press release is for information purposes only and it should not be regarded an offer or solicitation of an offer. We do not represent that this information, including any third party information, is accurate or complete and it should not be relied upon as such. Investing entails risks, including possible loss of principal. Past performance is not indicative of future results. The information contained in this press release is given at the date of its publication (unless otherwise marked) and is subject to updating, revision and amendment.

The opinions expressed reflect the opinion of Neuberger Berman Europe Limited and are subject to change without notice.

Neuberger Berman Investment Funds plc. (the “Fund”) is authorised by the Central Bank of Ireland (the “Central Bank”) as an Undertaking for Collective Investment in Transferable Securities under the European Communities (“UCITS”) Regulations 2011 (S.I. 352 of 2011) of Ireland, as amended.

The fund mentioned in this document may not be eligible for sale in some countries and it may not be suitable for all types of investors. Shares in the fund may not be offered or sold directly or indirectly into the United States or to U.S. Persons; for further information see the current prospectus. The Fund is registered in a number of countries; please see the latest Country Registration Matrix on www.nb.com/europe/literature.html

We do not represent that this information, including any third party information, is accurate or complete and it should not be relied upon as such. Opinions expressed herein reflect the opinion of Neuberger Berman Europe Limited (“NB Europe”) and are subject to change without notice.

This document is for information purposes only and it should not be regarded as an offer to sell or as a solicitation of an offer to buy the securities or other instruments mentioned herein. No part of this document may be reproduced in any manner without the written permission of NB Europe. Shares in the Fund are offered only on the basis of the information contained in the prospectus, key investor information document and the latest audited annual accounts and any subsequent half-yearly accounts of the Fund. Copies are available free of charge from the Manager at the address below or can be found on www.nb.com/europe/literature.html

Risk Considerations

Past performance is not indicative of future results. For details of the investment risks, see the current prospectus.

Please note that any dividends which the Fund may receive may be subject to withholding tax. The benchmark does not take into account the effects of tax and the deduction is therefore not reflected in the benchmark return illustrated herein.

The investment objective and performance benchmark is a target only and not a guarantee of the Fund performance. The index is unmanaged and cannot be invested in directly. Index returns assume reinvestment of dividends and capital gains and unlike fund returns do not reflect fees or expenses. Adverse movements in currency exchange rates can result in a decrease in return and a loss of capital. Investments of each portfolio may be fully hedged into its base currency potentially reducing currency risks but may expose the portfolio to other risks such as a default of counterparty.

Debt securities of Emerging Market Countries may be subject to greater risk of loss of principal and interest than debt securities issued by obligors in developed countries and may be considered to be predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal. They may also be generally subject to greater risk than securities issued by obligors in developed countries in the event of deteriorating general economic conditions.

The market for debt securities of Emerging Market Countries may be thinner and less active than that for debt securities issued by obligors in developed countries, which can adversely affect the prices at which debt securities of Emerging Market Countries are sold. E

conomies in Emerging Markets are generally less well regulated and may be adversely affected by trade barriers, exchange controls, protectionist measures and political / social instability. There is a risk of volatility due to lower liquidity and the availability of reliable information.

Monthly and weekly Distributing Classes will distribute out of income and may also pay out of capital which will be eroded; investors in these classes should be aware that the payment out of capital may have different tax implications from distributions of income and should seek tax advice. In respect of the C, C1, C2 and B share classes a contingent deferred sales charge may be payable to the Investment Manager in line with the provisions of the Fund’s prospectus.

This document is issued by Neuberger Berman Europe Limited which is authorised and regulated by the Financial Conduct Authority (“FCA”) is registered in England and Wales, at Lansdowne House, 57 Berkeley Square, London, W1J 6ER and is also regulated by the Dubai Financial Services Authority as a Representative Office.