Nuveen Municipal High Income Opportunity Fund 2 Declares Initial Monthly Distribution

  
    
  
  
    
      Nuveen Investments, a leading provider of diversified investment 
      services, today announced an initial monthly distribution declaration 
      for the Nuveen Municipal High Income Opportunity Fund 2 (NYSE: NMD) of 
      $.0785 per share, or an 6.28% annualized distribution rate on its $15.00 
      IPO market price. The closed-end fund began trading on the New York 
      Stock Exchange on November 16, 2007.
    
    
      The objective of the Nuveen Municipal High Income Opportunity Fund 2 is 
      to provide attractive income exempt from regular federal income tax, and 
      to provide additional total return for income-oriented investors. The 
      fund seeks to achieve its investment objective by investing at least 50% 
      of its managed assets in municipal securities that are investment grade 
      quality at the time of investment. Up to 50% of the fund's managed 
      assets may be invested in municipal securities that, at the time of 
      investment, are rated below investment grade quality or that are unrated 
      but judged to be of comparable quality.
    
    
      Information regarding Nuveen funds’ 
      distributions and total return performance over various time periods is 
      posted regularly on www.nuveen.com/cef 
      .
    
    
      The following dates apply to today’s 
      distribution declaration:
    
    
      
        
          
            Record Date: January 15, 2008
          
        
      
      
        
          
            Ex-Distribution Date: January 11, 2008
          
        
      
      
        
          
            Payable Date: February 1, 2008
          
        
      
    
    
      More information about the fund is available on www.nuveen.com/cef.
    
    
      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 NWQ, Santa 
      Barbara, Tradewinds, Rittenhouse, Symphony and Nuveen, including the 
      Nuveen HydePark Group. In total, the Company managed $170 billion in 
      assets as of September 30, 2007. For more information, please visit the 
      Nuveen Investments website at www.nuveen.com.