3:1 split for U.S. Global Investors' Eastern European Fund

U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment adviser specializing in emerging markets and natural resources, will execute a 3-for-1 share split for shareholders of record in the Eastern European Fund (EUROX) as of the market close on Friday, May 23, 2008.

Due to the Memorial Day holiday and the time needed for administrative procedures, the accounts of the shareholders of record on May 23, 2008, are not expected to reflect the split until Wednesday, May 28, 2008.

While the split is executed, online account access for U.S. Globals direct shareholders in the Eastern European Fund will be disabled. Online access is scheduled to be restored on Wednesday, May 28, 2008.

The funds post-split share price will be calculated after the market closes on Tuesday, May 27, 2008, and each fund shareholder of record will receive two additional EUROX shares for each share owned when the market closed on May 23, 2008.

Any Eastern European Fund shares purchased or sold on Tuesday, May 27, 2008, will reflect the post-split price.

The split will not affect the overall value of any shareholders account and it will not constitute a taxable event for shareholders.

The Eastern European Fund is one of the top 15 performers among all U.S. mutual funds for the latest five-year and 10-year periods, according to the most recent quarterly results published in the Wall Street Journal.

Shareholders with questions regarding the EUROX share split may call toll-free 800-US-FUNDS (800-873-8637).

Total Annualized Returns as of March 31, 2008
Fund1-Year5-Year10-YearGross Expense Ratio
Eastern European (EUROX) 9.41% 40.19% 20.08% 1.98%

Gross expense ratio as stated in the most recent prospectus. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the funds prospectus (e.g., short-term trading fees of 2.00%) which, if applicable, would lower your total returns. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS. High double-digit returns are attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future.

About U.S. Global Investors, Inc.

U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment advisor that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds, U.S. Global Accolade Funds and other clients.

With an average of $5.50 billion in assets under management for the quarter ended March 31, 2008, U.S. Global Investors manages domestic and offshore funds offering investment options from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.

Please consider carefully the funds investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.

Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, a regional funds returns and share price may be more volatile than those of a less concentrated portfolio.

Contacts:

U.S. Global Investors, Inc.
Terry Badger, 210-308-1221
Director of Communications
tbadger@usfunds.com

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