PIMCO Strategic Global Government Fund, Inc. Reports Results for the Fiscal Quarter Ended April 30, 2009

                                       At April 30, 2009
Net Assets                             $270,858,927
Shares Outstanding                     38,482,420
Net Asset Value ("NAV")                $7.04
Market Price                           $8.47
Premium to NAV                         20.31%
Undistributed Net Investment Income
Per Common Share (b)                   $0.2035
                                       Quarter ended
                                       April 30, 2009
Net Investment Income (a)              $9,699,707
Per Share (a)                          $0.25
Net Realized and Unrealized Loss (a)   $(18,338,213)
Per Share (a)                          $(0.47)

(a) The information provided is in accordance with generally accepted accounting principals ("GAAP"), which requires the Fund to treat amounts accrued under swap agreements as net realized and unrealized gain (loss). However, these amounts are treated as net income (loss) for federal income tax purposes. By using GAAP, Net Investment Income for the fiscal quarter ended April 30, 2009 was $606,470 ($0.02 per share) lower, (and Net Realized and Unrealized Loss correspondingly lower), than those figures would have been if swap amounts were treated as net income (loss) in accordance with federal income tax treatment.

(b) Note that generally there is a close correlation between what the Fund earns (net of expenses) and what it pays in monthly dividends. However, since net earning rates fluctuate from month to month while monthly dividends have remained relatively stable, there will be periods when the Fund may over-earn or under-earn its monthly dividend, which would have the effect of adding to or subtracting from the Fund's undistributed net investment income balance. Fund management analyzes the Fund's current and projected net earnings rates prior to recommending dividend amounts to the Fund's Board of Directors for declaration. There can be no assurance that the current dividend rate or the undistributed net investment income balance will remain constant. Inclusive of amounts accrued under swap agreements, in accordance with federal income tax treatment.

Allianz Global Investors Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fund's investment manager and is a member of Munich-based Allianz Group (NYSE: AZ). Pacific Investment Management Company LLC, an Allianz Global Investors Fund Management affiliate, serves as the Fund's sub-adviser.

The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, is available at http://www.allianzinvestors.com/closedendfunds or by calling the Fund's shareholder servicing agent at (800) 254-5197.

The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to what is reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance that the Fund will meet its stated objectives. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.

SOURCE: PIMCO Strategic Global Government Fund, Inc.

PIMCO Closed-End Funds: 
Financial Advisors: 800-628-1237 
Shareholders: 800-285-4086 
Media Relations: 212-739-3501