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Western Asset High Yield Defined Opportunity Fund Inc. (“HYI”) Sets New Rate and Announces Distributions for the Months of



  Western Asset High Yield Defined Opportunity Fund Inc. (“HYI”) Sets New Rate
  and Announces Distributions for the Months of December 2012, January and
  February 2013

Business Wire

NEW YORK -- November 13, 2012

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) announced
today monthly distributions of $0.1400  per common share for December 2012,
January and February 2013. The Fund had previously paid a monthly distribution
of $0.1450 per share.

The distribution schedule appears below:

Month      Ex-Date      Record Date   Payable Date   Amount    Type
December   12/12/2012   12/14/2012    12/21/2012     $0.1400   Income
January    01/16/2013   01/18/2013    01/25/2013     $0.1400   Income
February   02/13/2013   02/15/2013    02/22/2013     $0.1400   Income

The Fund has decreased its distributions to a level that better approximates
the current level of net investment income generated by its investment
portfolio. As the Fund reinvests principal and income, it reinvests at lower
levels as yields remain at historic lows.

This press release is not for tax reporting purposes but is being provided to
announce the amount of the Fund's distributions that have been declared by the
Board of Directors. In early 2013 and early 2014, after definitive information
is available, the Fund will send shareholders a Form 1099-DIV, if applicable,
specifying how the distributions paid by the Fund during the prior calendar
year should be characterized for purposes of reporting the distributions on a
shareholder’s tax return (e.g., ordinary income, long-term capital gain or
return of capital).

Western Asset High Yield Defined Opportunity Fund Inc., a non-diversified,
limited-term, closed-end management investment company, is managed by Legg
Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason,
Inc., and is sub-advised by Western Asset Management Company, an affiliate of
the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the
Fund’s web site at www.lmcef.com.

Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling shares
of the Fund.

Contact:

Western Asset High Yield Defined Opportunity Fund Inc.
Media Contact:
Maria Rosati, 212-805-6036
mrosati@leggmason.com
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