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Legg Mason BW Global Income Opportunities Fund Inc. (BWG) Announces Distributions for the Months of December 2012, January and

  Legg Mason BW Global Income Opportunities Fund Inc. (BWG) Announces
  Distributions for the Months of December 2012, January and February 2013

Business Wire

NEW YORK -- November 13, 2012

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) today announced
monthly distributions of $0.1175 per common share for December 2012, January
and February 2013.

                                                        
Month          Ex-Date          Record Date       Payable Date       Amount
December       12/12/2012       12/14/2012        12/21/2012         $0.1175
January        01/16/2013       01/18/2013        01/25/2013         $0.1175
February       02/13/2013       02/15/2013        02/22/2013         $0.1175

The Fund’s Board determined that a managed distribution policy that allows the
Fund to distribute short- and long-term capital gains throughout the year
would be beneficial to investors, as it would allow the Fund to maintain
greater investment flexibility in the face of short-term fluctuations in the
currency gains and losses from the Fund’s non-U.S. currency exposure. The
Fund’s non-U.S. currency exposure may generate losses that are treated as
ordinary losses for tax purposes while the Fund may also realize short- and
long-term capital gains which may result in the Fund’s monthly distributions
being reclassified from income to capital gains.

Under the terms of the Fund’s managed distribution policy, the Fund will seek
to maintain a consistent distribution level derived from the income generated
from the Fund’s fixed income investments. Shareholders should note that if the
Fund’s aggregate net investment income and net realized capital gains are less
than the amount of the distributions paid, the difference will be distributed
from the Fund's assets and may constitute a return of the shareholder’s
capital. The Board of Directors may terminate the managed distribution policy
at any time. Any such termination could have an adverse effect on the market
price of the Fund's shares.

In connection with the adoption of the managed distribution policy, the Fund
attempts to estimate the source of its distributions as it declares them.
While the Fund’s distributions have been set based on the current level of
income generated from the Fund’s fixed income investments, the Fund estimates
that, as of the date of this press release and based on the Fund's tax
accounting records which factor in currency fluctuation, approximately 21.56%
of the cumulative fiscal year-to-date distributions through February 2013 are
sourced from net investment income, 57.65% are sourced from short-term capital
gains and 20.79% are sourced from long-term capital gains for income tax
purposes. The estimated components of the distributions announced today will
be provided to shareholders of record in a separate notice.

This press release is not for tax reporting purposes but is being provided to
announce the amount of the Fund’s distributions that have been declared by the
Board of Directors. In early 2013 and early 2014, 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
shareholder’s 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
Fund’s web site at www.lmcef.com.

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.

Contact:

Media:
Legg Mason, Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com
 
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