Dear Fellow Employee Stockholders:

The proxy tabulator for our company's stock is reporting that less than 50% of
the outstanding shares in the Neuberger Berman Employee Defined Contribution
Stock Incentive Plan Trust have been voted. While better percentages have been
reported for the Wealth Accumulation Plan and the Employee Stock Purchase Plan,
they still are below where I had hoped they would be at this point in time. As
you know, the Trust holds all of the stock that was awarded to many of you when
we went public almost two years ago. The WAP and ESPP are voluntary programs
open to all eligible employees.

I urge you to make your voice heard with respect to the shares that you own
through the Trust, the WAP and the ESPP. As employees as well as stockholders,
we must set the example for our public stockholders that voting shares is
important. A high level of participation from our employees will demonstrate to
the public that we are committed to the future of Neuberger Berman. As an
employee and stockholder myself, I believe and sincerely hope that by the
Stockholder Meeting of May 10th, a far higher percentage of votes will have been
cast by the beneficiaries of the Trust and the participants of the Plans.

For those of you with shares in the Trust, the instruction card indicates that
we must have your vote by 5:00 PM on April 20th. We are extending that deadline
until 5:00 PM ON MAY 2ND.

For those of you with shares in the WAP/ESPP, we hope you will vote before the
5:00 PM, MAY 9TH deadline indicated on your proxy card.

To ensure that your votes are received timely and are counted, please use the
control number which appears on the cards and follow the instructions to cast
your vote by telephone or the Internet. Finally, let me remind you that all the
votes are tabulated by an outside firm and management does not receive any
information on how any individual voted.