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WIA and WIW Implement Managed Distribution Policy

LISLE, Ill., March 1, 2013 (GLOBE NEWSWIRE) -- Western Asset/Claymore Inflation-Linked Securities & Income Fund (NYSE:WIA) and Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (NYSE:WIW) (together the "Funds") announced today that their Boards of Trustees ("Board") have approved a managed distribution policy. Each Fund's Board determined that a managed distribution policy would be beneficial to investors, as it would permit the Funds to make periodic long-term capital gain distributions as often as monthly in any one taxable year without violating certain provisions of the Investment Company Act of 1940, as amended (the "1940 Act").

Under the terms of the Funds' new managed distribution policy, the Funds will continue paying monthly distributions at a rate that is at least equal to their current monthly distributions. This policy will be subject to regular review by the Board and may be revised or terminated in the future.

Among other factors, in approving the managed distribution policy each Board of Trustees considered the ability of the Funds to sustain the policy and considered that making such distributions could increase liquidity for shareholders and may assist in narrowing the discount to NAV. Of course, there can be no guarantee that these benefits will occur or that any improvement would continue.

To the extent any portion of the current distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19(a) notice. The distribution may include net investment income, capital gains and/or return of capital. The distribution rate alone is not indicative of fund performance.

About Western Asset Management

Western Asset Management Company, founded in 1971, is one of the world's premier fixed-income managers, with nine offices around the globe. 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.

About Guggenheim Investments

Guggenheim Investments represents the investment management division of Guggenheim Partners, LLC ("Guggenheim"), which consists of investment managers with approximately $143 billion in combined total assets*. Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.

Guggenheim Investments is comprised of several investment management entities within Guggenheim, which includes Guggenheim Funds Distributors, LLC. and Guggenheim Funds Investment Advisors, LLC. Guggenheim Funds Investment Advisors, LLC serves as Investment Adviser for WIW. Guggenheim Funds Distributors, LLC. serves as Servicing Agent for WIA. Western Asset Management Company serves as the Investment Adviser for WIA.

* The total asset figure is as of 12/31/2012 and includes $10.71B of leverage for Assets Under Management and $0.85B of leverage for Serviced Assets. Total assets include assets from Security Investors, LLC, Guggenheim Partners Investment Management, LLC ("GPIM", formerly known as Guggenheim Partners Asset Management, LLC; GPIM assets also include all assets from Guggenheim Investment Management, LLC which were transferred as of 06/30/2012), Guggenheim Funds Investment Advisors and its affiliated entities, and some business units including Guggenheim Real Estate, LLC, Guggenheim Aviation, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited, Transparent Value Advisors, LLC, and Guggenheim Partners India Management. Values from some funds are based upon prior periods.

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 value of the Funds will fluctuate with the value of their 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: 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 the Funds carefully before they invest. For this and more information, visit www.guggenheimfunds.com or contact a securities representative or Guggenheim Funds Distributors, LLC. 2455 Corporate West Drive, Lisle, Ill. 60532, 800-345-7999.

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

Member FINRA/SIPC (3/13)

CONTACT: Media Inquiries: Jeaneen Pisarra 917.386.0387 jeaneen.pisarra@guggenheiminvestments.com Analyst Inquiries: William T. Korver 630.505.3700 william.korver@guggenheiminvestments.comSource: Guggenheim Investments Illinois