Nuveen Global Govt. Enhanced Income Fund : Nuveen Global Government Enhanced Income Fund Announces Approval to Reposition Portfolio and Change Fund Name

Simplified Global Bond Focus Seeks to Enhance Appeal and Narrow Discount

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Board of Trustees of the Nuveen Enhanced Global Government Income Fund (NYSE: JGG) approved repositioning the fund to feature a multi-sector, global bond strategy. JGG's investment objective of high current income with a secondary objective of seeking capital preservation will remain unchanged. The Board also approved changing the fund's name to Nuveen Global Income Opportunities Fund. Shareholders will receive 60 days written advance notice before the name change is effective and the fund begins repositioning its portfolio.

The goal of the repositioning is to enhance the fund's ability to generate competitive returns over time and narrow the fund's trading discount by:

• Simplifying the fund to focus on a more traditional global bond strategy;
• Investing in sovereign, corporate and other types of debt from developed and emerging markets; and
• Actively managing the fund's country, currency, sector and interest rate exposures as market conditions change.

In approving this repositioning plan, the Board concluded that this plan represents the most attractive alternative for enhancing investor appeal and therefore was in the best interests of the fund and its shareholders.

More details on the repositioning can be found in the JGG Portfolio Repositioning Overview by clicking here:http://www.nuveen.com/Home/Documents/Default.aspx?fileId=56808.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates--Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Nuveen Investments
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