LMP Corporate Loan Fund Inc. Announces Financial Position as of December 31, 2012

  LMP Corporate Loan Fund Inc. Announces Financial Position as of December 31,
  2012

Business Wire

NEW YORK -- February 12, 2013

LMP Corporate Loan Fund Inc. (NYSE: TLI), today announced the financial
position of the Fund as of December 31, 2012.

                                                                            
                                          Current Q             Previous Q            Prior Yr Q
                                          December 31,          September 30,         December 31,
                                          2012                  2012                  2011
Total Assets (a)                          $ 226,712,450         $ 223,594,485         $ 194,592,807
Total Net Assets (a)                      $ 128,003,896         $ 126,876,690         $ 120,023,613
NAV Per Share of Common Stock             $ 12.89               $ 12.79               $ 12.10
(b)
Market Price Per Share                    $ 12.92               $ 13.41               $ 11.11
Premium / (Discount)                        0.23        %         4.85        %         (8.18       )%
Outstanding Shares                          9,927,502             9,922,073             9,918,305
                                                                                      
Total Net Investment Income               $ 2,027,559           $ 2,026,744           $ 2,148,078
(c)(d)
Total Net Realized/Unrealized             $ 1,206,427           $ 3,007,946           $ 3,423,571
Gain/(Loss) (c)
Preferred Dividends Paid from             $ (18,144     )       $ (16,729     )       $ (12,586     )
Net Investment Income (c)
Net Increase (Decrease) in Net            $ 3,215,842          $ 5,017,961          $ 5,559,063   
Assets From Operations (c)
                                                                                      
Earnings per Common Share
Outstanding
Total Net Investment Income               $ 0.20                $ 0.20                $ 0.22
(c)(d)
Total Net Realized/Unrealized             $ 0.12                $ 0.30                $ 0.34
Gain/(Loss) (c)
Preferred Dividends Paid from             $ (0.00       ) *     $ (0.00       ) *     $ (0.00       )
Net Investment Income (c)
Net Increase (Decrease) in Net            $ 0.32               $ 0.50               $ 0.56        
Assets From Operations (c)
                                                                                      
Undistributed/(Overdistributed)           $ 3,001,012           $ 3,150,044           $ 2,594,126
Net Investment Income (e)
Undistributed/(Overdistributed)
Net Investment Income Per Share           $ 0.30                $ 0.32                $ 0.26
(e)
                                                                                      
Loan Outstanding (e)                      $ 30,500,000          $ 30,500,000          $ 30,500,000
Preferred Shares Outstanding              $ 35,000,000          $ 35,000,000          $ 35,000,000
(e)
                                                                                      

Footnotes:

            The difference between the Fund’s total assets and total net
(a)     assets is due primarily to its outstanding auction rate preferred
            stock (“ARPS”) and use of borrowings; total net assets do not
            include either borrowings or the liquidation value of ARPS.
(b)         NAVs are calculated as of the close of business on the last
            business day in the periods indicated above.
(c)         For the quarter indicated.
(d)         Excludes distributions paid to preferred stockholders from net
            investment income.
(e)         As of the period indicated above.
*           Amount represents less than $0.01 per share.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and
Exchange Commission, as well as its complete schedule of portfolio holdings
for the first and third quarters of each fiscal year on Form N-Q. These
reports are available on the Commission’s website at www.sec.gov. To obtain
information on Form N-Q or a semi-annual or annual report from the Fund,
shareholders can call 1-888-777-0102.

LMP Corporate Loan Fund Inc., a non-diversified closed-end management
investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a
wholly-owned subsidiary of Legg Mason, Inc.

For more information, please call 1-888-777-0102 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:

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