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NEW YORK--([ BUSINESS WIRE ])--Legg Mason BW Global Income Opportunities Fund Inc. (NYSE: BWG), declared today its initial distribution of $0.1175 per common share payable May 25, 2012. Based on the Fundas offering price of $20.00 per share, this equates to an annualized distribution yield of 7.05%. The Fund also declared today monthly distributions of $0.1175 per common share for June, July, and August 2012.

The distribution schedule appears below:

These distributions are the first declared by the Fund following its successful initial public offering in March 2012 that raised approximately $459 million, assuming full exercise of the underwriters' overallotment option, which may or may not occur.

The Fundas primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurances the Fund will achieve its investment objective.

The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its Managed Assets in global fixed-income securities. These may include, but are not limited to sovereign debt of developed and emerging market countries, U.S. and non-U.S. corporate debt, mortgage-backed securities and currency exposure. The Fundas specific investments will shift as the Fund rotates among countries, credits and currencies to find the most attractive values over time. Under normal market conditions, no more than 35% of the Fundas Managed Assets may be rated below investment grade (commonly known as ahigh yielda or ajunka) by a nationally recognized statistical rating organization or determined to be of comparable quality; provided however, that the quality of a security will be based on the highest rating it receives.

The Fund may manage its currency exposure through the use of futures, forwards and other derivative instruments, for hedging and investment purposes. Under normal market conditions, the notional value of the Fundas derivatives will not exceed 100% of the Fundas Managed Assets when used to hedge the U.S. dollar, 65% of the Fundas Managed Assets when resulting in non-U.S. dollar currency exposure and 25% of the Fundas Managed Assets for non-currency derivatives.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fundas distributions that have been declared by the Board of Directors. In early 2013, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholderas tax return (e.g., ordinary income, long-term capital gain or return of capital).

Legg Mason BW Global Income Opportunities Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Brandywine Global Investment Management, LLC, an affiliate of the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fundas web site at [ www.leggmason.com/cef ].

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.