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Nationwide Funds Group receives five Lipper Awards

Named “Best Fixed Income Fund Family” in small fund company category

FOR IMMEDIATE RELEASE
May 6, 2008

Contacts:
Erica Lewis
(614)-249-0184
lewise6@nationwide.com

Jeff Botti (614)-249-6339
bottij@nationwide.com

Columbus, Ohio — Nationwide Funds Group received five awards at the annual Lipper Fund Awards ceremony held in New York City. Nationwide Funds Group was recognized as the “Best Fixed Income Fund Family” in the small fund company category. Nationwide Funds Group ranked first out of 73 fund families with less than $28 billion in total net assets during the three-year period ending December 31, 2007. In addition, three Nationwide mutual funds received Lipper Fund Awards for their category-leading performance.

The Lipper Fund Awards event is part of Lipper’s global program of fund awards, which now covers 21 countries and regions. Lipper, a leading global provider of mutual fund research and analysis, uses The Lipper Fund Awards program to acknowledge funds and fund groups that have delivered consistently strong investment performance relative to their peers, over the three-, five- and ten-year time periods. For more information on the Lipper Fund Awards, please visit http://about.reuters.com/lipperweb-awards/2008/us/assets/US%20list%20w%20classification%20fund%20counts%20%20041108.pdf.

“We’re very proud to be acknowledged by Lipper for the strong performance of our mutual funds,” said Tim Grugeon, interim president of Nationwide Funds Group. “Our focus is to help investors pursue their goals by selecting the best possible managers for each investment style.”

 Three Nationwide Funds were honored for their performance during the three-year period ending December 31, 2007:

o  Nationwide International Growth Fund Institutional Service Shares ranked first out of 256 funds in the International Multi-Cap Core category.
o  Nationwide Natural Resources Fund (formerly Nationwide Global Natural Resources Fund) Institutional Shares ranked first out of 98 funds in the Natural Resources category.
o  Nationwide Worldwide Leaders Fund Institutional Shares ranked first out of 58 funds in Global Large-Cap Core category.

 Nationwide Worldwide Leaders Fund Institutional Service Shares received an award for its consistent performance during the five-year period ending December 31, 2007.
The fund competed against 53 funds in the Global Large-Cap Core category.

About Nationwide Funds Group
Nationwide Funds Group is the mutual fund complex of Nationwide Financial Services, Inc. (NYSE: NFS), a leading provider of long-term savings and retirement products. Nationwide Funds Group is based in the Philadelphia area and offers a wide range of sub-advised mutual funds. As of March 31, 2008, Nationwide Funds Group managed approximately $30.0 billion in assets.

About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers investi and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.

It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 108 on the Fortune 500 based on 2007 revenue.ii For more information, visit www.nationwide.com.

For more information about Nationwide Funds, please visit www.nationwidefunds.com.

About Lipper
Lipper, a wholly-owned subsidiary of Reuters, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Lipper is the world's leading fund research and analysis organization covering over 177,000 share classes and over 98,000 funds in 53 registered for sale (RFS) universes. It provides the free Lipper Leader ratings for mutual funds registered for sale in 27 countries. Additional information is available at www.lipperweb.com.

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Investors should carefully consider a fund’s investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other fund information, please instruct your clients to call 1-800-848-0920 to request a prospectus, or download a prospectus at nationwidefunds.com. Please instruct them to read it carefully before investing any money.

Investing in mutual funds involves risk, including [the] possible loss of principal. Investors’ shares, when redeemed, may be worth more or less than their original cost. Funds that concentrate on specific sectors or a relatively small number of securities are subject to greater volatility than that of other mutual funds. International investing involves additional risks, including currency fluctuations, differences in accounting standards, economic and political instability, illiquidity and higher trading costs, and differences in foreign regulations, all of which are magnified in emerging markets.

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