The New America High Income Fund, Inc. Declares Dividend

The New America High Income Fund, Inc. (the "Fund") (NYSE: HYB) announced today that it will pay a dividend of $.0175 per share on the company's common stock on August 31, 2007 to common shareholders of record as of the close of business on August 17, 2007. The ex-dividend date will be August 15th.

The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure. The Fund's investment adviser is T. Rowe Price Associates, Inc. ("T. Rowe Price"). As of March 31, 2007, T. Rowe Price and its affiliates managed approximately $349.9 billion of assets, including approximately $10.6 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

Contact: Ellen E. Terry Vice President Telephone: 617-263-6400 www.newamerica-hyb.com