NPG Nuveen Georgia Premium Income Municipal Fund Common Shares of Beneficial Interest

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the Nuveen Georgia Premium Income Municipal Fund (AMEX: NPG) and the Nuveen Georgia Dividend Advantage Municipal Fund (AMEX: NZX) called for a full redemption at par of their outstanding auction-rate preferred securities. The Nuveen Maryland Dividend Advantage Municipal Fund 3 (AMEX: NWI) called for redemption at par a portion of its outstanding auction-rate preferred securities. These redemptions will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP).

NPG is redeeming all of its $25.7 million of currently outstanding ARPS.

    Total Shares   Total Amount   Redemption Series   Cusip #   Redeemed   Redeemed   Date TH   67060F201   1,028   $25,700,000   March 17, 2010  

NZX is redeeming all of its $13.9 million of currently outstanding ARPS.

    Total Shares   Total Amount   Redemption Series   Cusip #   Redeemed   Redeemed   Date M   67070T209   556   $13,900,000   March 19, 2010  

NWI is redeeming $17.525 million of its $35.0 million currently outstanding ARPS.

    Total Shares   Total Amount   Redemption Series   Cusip #   Redeemed   Redeemed   Date T   67072A208   701   $17,525,000   March 22, 2010  

For more information about Nuveen closed-end funds, visit www.nuveen.com/cef. ARPS information and updates are posted on Nuveen’s auction-rate preferred resource center at www.nuveen.com/arps.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $141 billion as of September 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.