Western Asset Managed High Income Fund Inc. (NYSE:MHY) and Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) today announced that the Joint Special Meeting of Stockholders would be adjourned to August 12, 2016 because a quorum for the conduct of business was not present. The Meeting is adjourned to August 12, 2016 at 10:00 a.m. Eastern Daylight Time at the offices of Legg Mason at 620 Eighth Avenue, 49th Floor, New York, New York, in order to provide additional time to gather votes for the necessary quorum.

Remember, your vote is very important and counts. Voting now will minimize the expenses incurred with further reminder mailings and solicitations calls. Please exercise your shareholder rights and vote today.

If you have any questions about the proposals or voting, please call Georgeson LLC, each fund’s proxy solicitor, toll free at 1-800-891-3214.

In connection with the proposal to merger, HIO has filed a combined proxy statement and prospectus with the Securities and Exchange Commission (“SEC”). Investors and stockholders are advised to read the proxy statement and prospectus because it contains important information. The proxy statement and prospectus and other documents filed by the funds will be available free of charge at the SEC’s website, http://www.sec.gov. Stockholders can also obtain copies of these documents, when available, for free by calling the Funds at 1-888-777-0102.

For more information, please call Investor Relations: 888-777-0102, or consult either fund’s web site at www.lmcef.com. Hard copies of each fund’s complete audited financial statements are available free of charge upon request.

THIS PRESS RELEASE IS NOT AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL SHARES OF THE FUNDS. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,” “CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON EACH FUND’S CURRENT PLANS AND EXPECTATIONS, AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND UNCERTAINTIES ARE CONTAINED IN EACH FUND’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

Media:Maria Rosati, 212-805-6036mrosati@leggmason.com

Western Asset Managed High Income Fund, Inc. (NYSE:MHY)
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