Western Asset High Income Fund II Inc. (“HIX”) Sets New Rate and Announces Distributions for the Months of March, April and

  Western Asset High Income Fund II Inc. (“HIX”) Sets New Rate and Announces
  Distributions for the Months of March, April and May 2013

Business Wire

NEW YORK -- February 19, 2013

Western Asset High Income Fund II Inc. (NYSE:HIX) announced today monthly
distributions of $0.0775  per common share for March, April and May 2013. The
Fund had previously paid a monthly distribution of $0.0800 per share.

The distribution schedule appears below:

Month  Ex-Date     Record Date  Payable Date  Amount   Type
March  03/13/2013  03/15/2013   03/22/2013    $0.0775  Income
April   04/17/2013   04/19/2013    04/26/2013     $0.0775   Income
May     05/22/2013   05/24/2013    05/31/2013     $0.0775   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 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 Income Fund II Inc., a diversified, 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:

Legg Mason, Inc.
Media Contact:
Maria Rosati, 212-805-6036
mrosati@leggmason.com