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Deutsche Global High Income Fund, Inc. Announces Additional Details Regarding Its Liquidation

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Deutsche Global High Income Fund, Inc. (NYSE:LBF) (the "Fund")
announced today that its Board of Directors has approved a Plan of
Liquidation and Dissolution for the Fund (the "Plan") related to the
previously approved liquidation of the Fund to occur on or before
September 30, 2017. As further described below, pursuant to the Plan a
final liquidating distribution is expected to be made on or about
September 15, 2017.

Under the terms of the Plan, the "Cessation Date" for the Fund's planned
liquidation is expected to occur on or about September 8, 2017. As
provided in the Plan, at the close of business on the Cessation Date,
the Fund will cease to engage in any business activities, except for the
purpose of liquidating and winding up its affairs, and the books of the
Fund will be closed. Effective the business day following the Cessation
Date, the Fund's shares will not be transferable (except for the
settlement of prior transactions), and it is anticipated that trading in
the Fund's shares on the New York Stock Exchange will cease. The Fund
will subsequently seek to reduce all remaining portfolio securities to
cash or cash equivalents and make a final liquidating distribution to
shareholders on or about September 15, 2017. All Fund shareholders as of
the close of business on the Cessation Date will be entitled to receive
a liquidating distribution. The Cessation Date may be extended if
necessary or appropriate in connection with the orderly liquidation of
the Fund or to protect the interests of Fund shareholders.

Prior to the Cessation Date, the Fund intends to reduce and eliminate
its financial leverage by paying back its bank line of credit. It is
anticipated that the Fund's de-levering will occur in stages over time
and, subject to portfolio management's discretion, is currently expected
to be completed no later than early August. In addition, prior to the
Cessation Date and subject to portfolio management's discretion, the
Fund intends to begin the process of converting its portfolio securities
to more liquid investments, including cash or cash equivalents. As the
Fund de-levers and begins to transition its portfolio to more liquid
investments, its net investment income may decline, which, in turn, may
reduce its remaining regular monthly dividends. The Fund's last
anticipated regular monthly dividend will be for the month of August.
The Fund does not expect to pay its regular September monthly dividend.
Any net investment income earned in September would consequently be
included as part of the Fund's final liquidating distribution to
shareholders.

Important Information

Deutsche Global High Income Fund, Inc. seeks high current income with
a secondary objective of capital appreciation.
Bond investments
are subject to interest-rate, credit, liquidity and market risks to
varying degrees. When interest rates rise, bond prices generally fall.
Credit risk refers to the ability of an issuer to make timely payments
of principal and interest. Floating rate loans tend to be rated
below-investment-grade and may be more vulnerable to economic or
business changes than issuers with investment-grade credit. Emerging
markets tend to be more volatile than the markets of more mature
economies, and generally have less diverse and less mature economic
structures and less stable political systems than those of developed
countries. Investing in foreign securities presents certain risks, such
as currency fluctuations, political and economic changes, and market
risks. Leverage results in additional risks and can magnify the effect
of any gains or losses.

Closed-end funds, unlike open-end funds, are not continuously
offered. There is a one-time public offering and once issued, shares of
closed-end funds are bought and sold in the open market through a stock
exchange. Shares of closed-end funds frequently trade at a discount to
the net asset value. The price of a fund's shares is determined by a
number of factors, several of which are beyond the control of the fund.
Therefore, a fund cannot predict whether its shares will trade at, below
or above net asset value.

Past performance is no guarantee of future results.

This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer or solicitation or sale
would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction.

Certain statements contained in this release may be forward-looking
in nature. These include all statements relating to plans, expectations,
and other statements that are not historical facts and typically use
words like "expect," "anticipate," "believe," "intend," and similar
expressions. Such statements represent management's current beliefs,
based upon information available at the time the statements are made,
with regard to the matters addressed. All forward-looking statements are
subject to risks and uncertainties that could cause actual results to
differ materially from those expressed in, or implied by, such
statements. Management does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
The following factors,
among others, could cause actual results to differ materially from
forward-looking statements: (i) the effects of adverse changes in market
and economic conditions; (ii) legal and regulatory developments; and
(iii) other additional risks and uncertainties.

NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT
A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Deutsche Asset Management represents the asset management activities
conducted by Deutsche Bank AG or any of its subsidiaries. Clients will
be provided Deutsche Asset Management products or services by one or
more legal entities that will be identified to clients pursuant to the
contracts, agreements, offering materials or other documentation
relevant to such products or services. (R-050826-1) (05/17)

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