High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2013.

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1 News Release FOR IMMEDIATE RELEASE Contacts: Shareholder Contact: AllianceBernstein Global High Income Fund RELEASES MONTHLY PORTFOLIO UPDATE New York, NY, May 28, AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, AllianceBernstein Global High Income Fund, Inc. Top 10 Fixed Income Holdings 1) U.S. Treasury Bonds 3.125%, 2/15/ % 2) Russian Agricultural Bank OJSC Via RSHB Capital 0.91% SA 7.75%, 5/29/18 3) Brazilian Government International Bond 0.85% 12.50%, 1/05/22 4) Argentina Boden Bonds 7.00%, 10/03/ % 5) Ivory Coast Government International Bond 0.79% 5.75%, 12/31/32 6) Dominican Republic International Bond 8.625%, 0.70% 4/20/27 7) Turkey Government Bond 9.00%, 1/27/ % 8) El Salvador Government International Bond 0.54% 7.65%, 6/15/35 9) South Africa Government Bond Series R %, 0.49% 1/15/20 10) Argentina Bonar Bonds Series X 7.00%, 4/17/ % Fixed Income Holdings by Security Type Corporates - Non-Investment Grades Industrial Consumer Non-Cyclical 7.11% Capital Goods 5.98% Energy 5.07% Communications - Media 4.85% Basic 4.41% Technology 3.81% Consumer Cyclical - Other 3.11% Communications - Telecommunications 3.05% Other Industrial 1.84% Consumer Cyclical - Automotive 1.76% Services 1.73% Consumer Cyclical - Retailers 1.46% Transportation - Services 0.96%

2 Consumer Cyclical - Entertainment 0.71% Transportation - Airlines 0.45% Consumer Cyclical - Restaurants 0.12% SUBTOTAL 46.42% Banking 1.86% Other Finance 0.99% Finance 0.84% Insurance 0.76% Brokerage 0.37% SUBTOTAL 4.82% Utility Electric 1.58% Natural Gas 0.81% SUBTOTAL 2.39% SUBTOTAL 53.63% Corporates - Investment Grades Banking 1.85% Insurance 1.63% REITS 0.48% Finance 0.47% Other Finance 0.21% SUBTOTAL 4.64% Industrial Basic 1.39% Capital Goods 0.27% Consumer Cyclical - Other 0.18% Communications - Telecommunications 0.17% Communications - Media 0.09% Consumer Cyclical - Entertainment 0.07% Transportation - Airlines 0.07% Consumer Non-Cyclical 0.02% SUBTOTAL 2.26% Non Corporate Sectors Agencies - Not Government Guaranteed 0.38% SUBTOTAL 0.38% Utility Natural Gas 0.13% Electric 0.06% SUBTOTAL 0.19% SUBTOTAL 7.47% Governments - Treasuries Treasuries 7.32% SUBTOTAL 7.32% Collateralized Mortgage Obligations Non-Agency Fixed Rate 3.63% Non-Agency Floating Rate 2.47% SUBTOTAL 6.10% Emerging Markets - Sovereigns 4.30% Bank Loans

3 Industrial Consumer Non-Cyclical 0.64% Technology 0.45% Services 0.43% Consumer Cyclical - Automotive 0.32% Consumer Cyclical - Entertainment 0.32% Basic 0.25% Other Industrial 0.23% Consumer Cyclical - Other 0.19% Consumer Cyclical - Retailers 0.19% Capital Goods 0.09% Communications - Media 0.08% Energy 0.07% SUBTOTAL 3.26% Non Corporate Sectors Foreign Local Government - Municipal 0.10% SUBTOTAL 0.10% REITS 0.01% SUBTOTAL 0.01% SUBTOTAL 3.37% Emerging Markets - Corporate Bonds Industrial Consumer Non-Cyclical 0.86% Communications - Media 0.53% Communications - Telecommunications 0.45% Basic 0.24% Consumer Cyclical - Other 0.21% Technology 0.19% Consumer Cyclical - Retailers 0.15% Capital Goods 0.12% Transportation - Services 0.10% Energy 0.09% SUBTOTAL 2.94% Banking 0.13% SUBTOTAL 0.13% SUBTOTAL 3.07% Commercial Mortgage-Backed Securities Non-Agency Fixed Rate CMBS 2.33% Non-Agency Floating Rate CMBS 0.36% SUBTOTAL 2.69% Quasi-Sovereigns Quasi-Sovereign Bonds 2.15% SUBTOTAL 2.15% Preferred Stocks 1.62% Non Corporate Sectors 0.02% Industrial 0.01% SUBTOTAL 1.65% Emerging Markets - Treasuries 1.37%

4 Local Governments - Municipal Bonds 1.19% Governments - Sovereign Agencies 0.91% Asset-Backed Securities Home Equity Loans - Fixed Rate 0.62% Home Equity Loans - Floating Rate 0.14% SUBTOTAL 0.76% Local Governments - Regional Bonds 0.55% Inflation-Linked Securities 0.50% Governments - Sovereign Bonds 0.41% Common Stocks 0.23% Supranationals 0.12% Options Purchased - Puts Options on Funds and Investment Trusts 0.03% SUBTOTAL 0.03% Short-Term Investments Investment Companies 2.18% Total Fixed Income % Country Breakdown United States 65.61% Brazil 3.74% United Kingdom 3.69% Russia 3.31% Luxembourg 1.77% Canada 1.57% Argentina 1.48% Dominican Republic 1.30% Netherlands 1.21% South Africa 0.94% Germany 0.94% Turkey 0.89% Switzerland 0.85% France 0.83% Cote D'Ivoire 0.79% Indonesia 0.75% Italy 0.74% El Salvador 0.66% Ireland 0.58% Peru 0.57% Colombia 0.53% United Arab Emirates 0.52% Uruguay 0.50% Portugal 0.50% Croatia 0.45% Spain 0.44% Kazakhstan 0.41% Australia 0.35% Mexico 0.34% Barbados 0.31% Chile 0.31% Philippines 0.30%

5 Serbia 0.25% Costa Rica 0.25% Ghana 0.23% Nigeria 0.22% Norway 0.21% Sweden 0.20% Ukraine 0.18% Trinidad & Tobago 0.14% China 0.12% Supranational 0.12% Japan 0.12% Czech Republic 0.12% India 0.10% Austria 0.09% Bermuda 0.09% Singapore 0.08% Denmark 0.08% Hong Kong 0.07% Virgin Islands (BVI) 0.05% Jamaica 0.05% Greece 0.05% Total Investments % Net Currency Exposure Breakdown United States Dollar % Mexican Peso 2.07% New Turkish Lira 0.99% Russian Rubles 0.93% Indian Rupee 0.73% Uruguayan Peso 0.54% Dominican Peso 0.51% Brazilian Real 0.47% Philippine Peso 0.33% Colombian Peso 0.29% Costa Rican Colon 0.27% Nigerian Naira 0.24% Chilean Peso 0.23% Hungarian Forint 0.17% Australian Dollar 0.05% South African Rand 0.03% Peruvian Nuevo Sol -0.48% Indonesian Rupiah -0.52% Euro -1.34% Canadian Dollar -2.02% Japanese Yen -3.01% Great British Pound -3.04% Total Investments % Credit Quality Breakdown

6 AAA 4.11% AA 0.59% A 4.84% BBB 15.03% BB 24.19% B 31.95% CCC 13.69% CC 0.91% C 0.01% D 0.74% Not Rated 1.75% Short Term Investments 2.19% Total Investments % Portfolio Statistics: Average Coupon: 4.53% Average Bond Price : Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 17.70%* Preferred Stock: 0.00% Tender Option Bonds: 0.00% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 17.70% Average Maturity: 6.73 Years Effective Duration: 4.53 Years Total Net Assets: $1, Million Net Asset Value: $15.93 Number of Holdings: 931 Portfolio Turnover: 26% * Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities. The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.- registered management investment company advised by AllianceBernstein L. P.