CONDITIONAL TENDER OFFER PLANNED FOR SHARES OF DEUTSCHE HIGH INCOME
OPPS FUND

NEW YORK, May 27, 2015 -- Bulldog Investors General Partnership
("BIGP") announced today that, subject to certain conditions,
it intends to commence a tender offer to purchase common
shares of Deutsche High Income Opportunities Fund (NYSE: DHG - News)
(the "Fund") for cash approximately thirty days after the annual
stockholder meeting of the Fund. The conditions are: (1) the election
of the nominees of Full Value Partners, a general partner of BIGP, as
directors of the Fund, (2) stockholder approval of a non-binding
proposal that the Fund's Board authorize a self-tender offer for all
shares of the Fund, and (3) failure of the Board to authorize such a
self-tender offer within thirty days of the annual meeting.

The terms of BIGP's conditional tender offer have not been determined
although the price is expected to be higher than the market price of
the Fund's shares at the expiration of the tender offer. The purpose
of the tender offer is to thank stockholders of the Fund for their
support by providing an opportunity for them to promptly sell a
portion of their shares at a premium to the market price.

This announcement is not an offer to purchase shares of the Fund.
If the aforementioned conditions are met, BIGP's conditional tender
offer (the "Offer") will be made through an Offer to Purchase,
related Letter of Transmittal and other related materials. All of
these documents will contain important information about the Offer
and stockholders of the Fund are urged to read them carefully before
any decision is made with respect to the Offer. Stockholders of the
Fund will be able to obtain a free copy of each of these documents
(if and when they become available) at a website maintained by BIGP
at www.bulldoginvestorstenderoffer.com or by contacting BIGP by
Email at info@bulldoginvestors.com or telephone at (201) 556-0092.
BIGP will promptly deliver such documents to any requesting
shareholder of the Fund (by U.S. mail or Email, as requested). These
documents will also be available at no charge at the website
maintained by the Securities and Exchange Commission at
http://www.sec.gov.

Contact:
Tom Antonucci
Bulldog Investors
(201) 556-0092