Western Asset/Claymore Inflation-Linked Securities & Income Fund & Western Asset/Claymore Inflation-Linked Opportunities & In...

Western Asset/Claymore Inflation-Linked Securities & Income Fund (NYSE: WIA) and Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (NYSE: WIW) (together, the “Funds”) today issued the following statement:

In his role as CIO Emeritus, S. Kenneth Leech plays an active, hands-on role in determining Western Asset Management Company’s (“Western Asset”) investment philosophy and strategy, working closely with CIO Stephen A. Walsh and serving on various investment strategy committees.

As part of a planned and strategic evolution, Mr. Leech has gradually focused more of his time on the global investment marketplace and on managing global portfolios, while continuing to play a lead role in shaping Western Asset’s overall investment strategies and macro themes.

In light of his changing role and expected further concentration on global accounts, as of May 1, Mr. Leech will no longer serve as a portfolio manager for non-global portfolios, including the Funds. While Mr. Leech continues to help shape Western Asset’s overall investment strategy, his day-to-day role is becoming more concentrated on global portfolios. To reflect this global focus, he will continue to serve as a portfolio manager of the global funds, but not of the non-global funds.

As CIO, Mr. Walsh will remain listed as part of the portfolio management team of the Funds, and the remaining named Portfolio Managers of the Funds will continue in their respective roles.

Western Asset, founded in 1971, is one of the world’s premier fixed-income managers, with offices in Pasadena, London and Singapore. Exclusively focused on fixed income, Western Asset’s client base includes several of the largest companies in the world as well as numerous public entities, healthcare organizations, foundations and public pension plans. Western Asset’s objective is to provide fixed-income clients with value-oriented portfolios that are managed for the long term. Western Asset believes significant inefficiencies exist in the fixed income markets and by combining traditional analysis with innovative technology, the firm attempts to add value by exploiting these inefficiencies across eligible sectors. For the Fund, Western Asset intends to employ proprietary risk management techniques that were developed specifically to enhance other leveraged funds.

Guggenheim Funds Investment Advisors, LLC acts as the Investment Adviser for WIW and Guggenheim Funds Distributors, Inc. acts as the Servicing Agent for WIA. Guggenheim Funds Distributors, Inc. and its affiliates (together, “Guggenheim Funds”) offer strategic investment solutions for financial advisors and their valued clients. As an innovator in exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), Guggenheim Funds often leads its peers with creative investment strategy solutions. Guggenheim Funds provides supervision, management or servicing of assets with a commitment to consistently delivering exceptional service. Guggenheim Funds is a wholly-owned subsidiary of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 billion in assets under management and supervision. Guggenheim Partners, LLC, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia.

This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. The net asset values of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Funds is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Market Discount Risk Interest Rate Risk, Risks Relating to U.S. TIPS, Risks Relating to Inflation-Linked Securities, Credit Risk, Lower Grade Securities Risk, Leverage Risk, Issuer Risk, Smaller Companies Risk, Country Risk, Emerging Markets Risk, Mortgage-Related Securities Risk, Prepayment Risk, Reinvestment Risk, Derivatives Risk, Inflation/Deflation Risk, Turnover Risk, Management Risk and Market Disruption Risk.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, please contact a securities representative or Guggenheim Funds Distributors, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.

Member FINRA/SIPC (4/11)

NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE

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