Clough Global Equity Fund Announces Amended Tax Information

DENVER--(Business Wire)--
The Clough Global Equity Fund (NYSE Amex: GLQ) announces AMENDED tax status for
its 2008 distributions as follows:

Total Ordinary Dividends
Record Date Payable Date Amount Qualified Non-Qualified Long-Term Return of
per Share Capital Gains Capital
01/16/08 01/31/08 $0.45 25.35% 74.65% --
04/16/08 04/30/08 $0.45 10.85% 12.53% -- 76.62%
07/16/08 07/31/08 $0.45 6.67% 7.69% 38.57% 47.07%
10/16/08 10/31/08 $0.31 -- -- 100.00% --

The AMENDED tax designations are based upon final tax reporting requirements and
should be used by shareholders for tax return preparation.

This notice is provided to you for informational purposes only, and should not
be considered tax advice. Please consult your tax advisor for further
assistance.

The Clough Global Equity Fund

The Fund is a closed-end fund with an investment objective of providing a high
level of total return. It intends to achieve this objective by applying a
fundamental research-driven investment process, investing in equity and equity
related securities in both U.S. and non-U.S. markets. More information on the
Clough Global Equity Fund, including the Fund`s dividend reinvestment plan, can
be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P.

Clough is a Boston-based investment advisory firm which manages approximately
$2.2 billion in assets: $525 million in hedge fund and institutional accounts
and $1.7 billion in three closed-end funds - Clough Global Allocation (GLV),
Clough Global Equity (GLQ), and the Clough Global Opportunities Fund (GLO). The
firm uses a global and theme-based approach and invests in securities on a
global basis. Clough was founded in 2000 by Chuck Clough and partners James
Canty and Eric Brock. These three are the portfolio managers for the Clough
Global Equity Fund.

An investor should consider investment objectives, risks, charges and expenses
carefully before investing. To obtain a prospectus which contains this and other
information visit www.cloughglobal.com or call 877-256-8445. Read the prospectus
carefully before investing.

The Clough Global Equity Fund is a closed-end fund and closed-end funds do not
continuously issue shares for sale as open end mutual funds do. Since the
initial public offering, the Fund now trades in the secondary market. Investors
wishing to buy or sell shares need to place orders through an intermediary or
broker. The share price of a closed-end fund is based on the market's value.

Clough Global Equity Fund
Edmund Burke, 877-256-8445

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