Neuberger Berman Socially Responsive Fund Marks 20-Year Anniversary with Index-Beating Long-Term Performance

Media Contacts:

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

NEW YORK, March 27, 2014 – Neuberger Berman Group LLC, one of the world’s leading employee-controlled investment managers, is pleased to announce that its Socially Responsive Fund (tickers: NRAAX, NRACX, NBSLX, NBSRX, NRARX, NRSRX, and NBSTX) (the “Fund”) celebrated its 20th anniversary as of March 16. Over the 20 years through March 16, 2014, the Fund’s oldest share class, NBSRX, returned an annualized 9.25%, compared with its benchmark, the Standard & Poor’s 500 Index, which gained an annualized 9.16%.

The Fund’s veteran co-managers, Arthur Moretti, CFA, and Ingrid Dyott, have chosen a high conviction, bottom-up stock picking approach that applies environmental, social and governance (ESG) criteria to the Fund’s investments. Moretti has been a manager of the Fund since June 2001 and Dyott since December 2003. During the period from June 18, 2001, when Moretti became manager of the Fund, the NBSRX share class returned a cumulative 146.07% through March 16, 2014, compared with 95.18% for the S&P 500. Extraordinary performance such as this may not be repeated. As of March 14 the mutual fund over its various share classes had a total of $2.8 billion in assets under management.

According to a Morningstar analyst report from December 2013: “Neuberger Berman Socially Responsive is an excellent core fund for any investor.”

“Neuberger Berman has been integrating environmental, social and governance criteria into our investment process in this strategy for more than 20 years,” said Ingrid Dyott. “We are excited to be a leader in this growing and important segment of the investment management business while remaining focused on delivering superior risk adjusted returns for our investors.”

“We remain pleased with the quality of the companies in our portfolio. We believe that our holdings are financially strong and have demonstrated solid execution in a slow growth world, and in our view, have meaningful operating leverage to earnings per share, should gross domestic product accelerate,” said Arthur Moretti.

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, advisors and individuals 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