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Press Release

Neuberger Berman Appoints Former Japanese FSA Commissioner As Senior Advisor For East Asia

Media Contact:

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

NEW YORK and TOKYO, March 6, 2013 –Neuberger Berman, one of the world's leading employee controlled asset managers, is pleased to announce the appointment of Mr. Hirofumi Gomi, former commissioner of the Financial Services Agency (FSA) of Japan, as executive adviser of its East Asian operations, effective March 1.

Mr. Gomi, based in Tokyo, is currently chairman of the PricewaterhouseCoopers Research Institute Co., Ltd., where he will consult to Neuberger Berman on the East Asian regulatory environment, financial administration, capital markets and corporate governance. In 1998, he was instrumental in the formation of the Financial Supervisory Agency, currently the Financial Services Agency ("FSA"). Since the establishment of the FSA, Mr. Gomi assumed several senior positions within the organization, including serving as commissioner between 2004 and 2007, and played a key role in developing Japan's financial market regulations.

"We are delighted to further strengthen our expanding presence in Japan and Korea, by incorporating Gomi-san's profound insights and thought leadership based on his long and impressive career," said Ryo Ohira, Tokyo-based managing director and head of Neuberger Berman's East Asian operations.

Mr. Gomi is a graduate of The University of Tokyo and holds his Master of Laws degree from Harvard Law School.

Neuberger Berman East Asia, which includes Japan and Korea, employs 22 people and $5 billion in assets are managed by Neuberger Berman for institutional investors in the region as of December 31, 2012.

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 1,700 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 $205 billion in assets under management as of December 31, 2012. For more information, please visit our website at www.nb.com.