Legg Mason BW Global Income Opportunities Fund Inc. as of April 30, 2012

NEW YORK--(BUSINESS WIRE)--Legg Mason BW Global Income Opportunities Fund Inc. (NYSE: BWG) announces its portfolio composition as of April 30, 2012.

Investment Objective: To provide current income. As a secondary investment objective, the Fund will seek capital appreciation.

Investment Strategy: The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its 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 Fund may manage its currency exposure through the use of futures, forwards and other derivative instruments, for hedging and investment purposes.

Portfolio Composition*:
Asset Allocation
Government	46.0%
US	1.3%
Non-US	44.7%
Global Investment Grade Corporate Bonds	25.6%
US	23.9%
Non-US	1.7%
Mortgage-Backed Securities	17.7%
Prime	11.6%
Alt-A	6.1%
Global High Yield Corporate Bonds	8.7%
US	5.5%
Non-US	3.2%
Cash & Other Securities	2.1%
Credit Quality Allocation**
AAA	3.4%
A	42.9%
BBB	27.1%
BB	11.0%
B	5.4%
CCC	9.0%
CC	0.4%
Not Rated	0.9%
Top Five Countries
United States	50.2%
Mexico	15.4%
Brazil	11.6%
Poland	7.9%
South Africa	6.5%
Currency of Issue
US Dollars	52.9%
Mexican Peso	15.2%
Brazilian Reals	9.9%
Polish Zloty	8.0%
South African Rand	6.4%
Hungarian Forint	5.4%
Euro	1.2%
British Pound Sterling	0.8%
Swiss Franc	0.2%
Currency Exposure (includes currency hedging and investments)
US Dollars	44.2%
Mexican Peso	15.2%
New Turkish Lira	10.2%
Polish Zloty	8.2%
South African Rand	6.4%
Hungarian Forint	5.4%
Brazilian Real	5.1%
Chilean Peso	5.0%
British Pound Sterling	0.3%
Euro	0.1%
Effective Duration (years)	9.25
Average Coupon (%)	8.74
Portfolio Statistics:
Inception Date	March 28, 2012
Inception Price	$20.00
Total Assets ***	$483,824,282.8
Net Assets	$388,128,938.7
Loans****	18.60%
Preferred Shares****	0.00%
Reverse Repos****	0.00%
Market Price	$20.00
NAV	$19.36
(Daily NAV is available on market quotation systems using the symbol XBWGX.)
Distribution Rate	$0.1175 per share
Frequency	Monthly (Declared quarterly, paid monthly)

*	Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. Negative allocations and allocations in excess of 100%, if any, are primarily due to the Fund's unsettled trade activity.
**	Credit quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner. The credit ratings shown are based on each portfolio security's rating as provided by Standard and Poor's, Moody's Investors Service and/or Fitch Ratings, Ltd. and typically range from AAA (highest) to D (lowest). For this purpose, if two or more of the agencies have assigned differing ratings to a security, the highest rating is used. Securities that are unrated by all three agencies are reflected as such. The credit quality of the investments in the Fund's portfolio does not apply to the stability or safety of the Fund. These ratings are updated monthly and may change over time. Please note, the Fund itself has not been rated by an independent rating agency.
***	The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded.
****	Percentages based on total assets.

Legg Mason BW Global Income Opportunities Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol “BWG”. The Fund is advised 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 advisor.

An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. International investing is subject to additional risks. These risks are greater in emerging markets. Investments in mortgage-backed securities involve additional risks.

The Fund’s 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 Fund’s Managed Assets may be rated below investment grade (commonly known as “high yield” or “junk”) 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 Fund’s derivatives will not exceed 100% of the Fund’s Managed Assets when used to hedge the U.S. dollar, 65% of the Fund’s Managed Assets when resulting in non-U.S. dollar currency exposure and 25% of the Fund’s Managed Assets for non-currency derivatives.

Derivative instruments can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.

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.

For more information, please call Fund Investor Services at 888-777-0102, or consult the Fund’s web site at www.leggmason.com/cef.

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