Araceli M. Sibley 21 Years Experience Western Asset Management Company Research Analyst, 1992 Cal Poly Pomona, B.Sc.

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1 Bank Loan Team Brendan Bowman 9 Years Experience Western Asset Management Company Client Service Analyst, 2005 Robert Half International Staff Accountant, University of California, Riverside, B.S. Michael C. Buchanan 23 Years Experience Western Asset Management Company Head of Global Credit, 2005 Credit Suisse Asset Management Managing Director, Head of U.S. Credit Products, Janus Capital Management Executive Vice President, Portfolio Manager, 2003 BlackRock Financial Management Managing Director, Portfolio Manager, Conseco Capital Management Vice President, Portfolio Manager, Brown University, B.A. Sophala S. Chhoeng 7 Years Experience Western Asset Management Company Portfolio Analyst, 2010 Western Asset Management Company Investment Consultant, Countrywide Financial Corporation AVP, Structured Finance & Banking, Pepperdine University, M.B.A. University of California, Santa Barbara, B.A. Oon Jin Chng 14 Years Experience Western Asset Management Company Pte. Ltd. Research Analyst, 2012 Standard Chartered Bank Senior Desk Analyst, Clearwater Capital Partners, HK Senior Analyst, Morgan Stanley Asia Limited, HK Trading Desk Analyst, Hongkong and Shanghai Bank Limited, HK Credit Strategist, CFC Securities Limited, HK Credit Research/Sales, Columbia Management, Chicago Research Associate, Arrow Financial Services, Illinois Financial Analyst, University of Kentucky, Bachelor of Business Administration in Finance

2 Arvinder S. Chowdhary 18 Years Experience Western Asset Management Company Limited. Research Analyst, 2005 Citigroup Asset Management Director, Crisil Ltd Head Corporate Ratings, University of Michigan, MS LRI, M.B.A. University of Delhi, B.Sc. J. Gibson Cooper 26 Years Experience Western Asset Management Company Research Analyst, 1998 Franklin Templeton Advisors Assistant Portfolio Manager, Aetna Capital Management Senior Account Manager, Anderson Graduate School of Management, UCLA, M.B.A. University of California, Berkeley, B.A. Douglas J. Dieter 14 Years Experience Western Asset Management Company Research Analyst, 2013 Imperial Capital, LLC Managing Director, Capital Structure Analyst-Healthcare, Broadpoint Gleacher Securities Group, Inc.-Broadpoint Capital Vice President, Trading Desk Healthcare Analyst, FTN Midwest Securities Corp. Healthcare Equity Research Associate, Healthcare Consultant, Tulane University, School of Public Health & Tropical Medicine, Dr.P.H, M.P.H. Georgetown University, M.S. Villanova University, B.S. Ian R. Edmonds 23 Years Experience Western Asset Management Company Limited Portfolio Manager/Research Analyst, 1994 Bacon & Woodrow Part Qualified Actuary, University College, London, B.Sc.

3 Ruchi Gupta 15 Years Experience Western Asset Management Company Limited Research Analyst, 2010 Gartmore Investment Management Credit Research Analyst, 2010 Aberdeen Asset Management Vice President, Credit Research, Elgin Capital Credit Research Analyst, Moody s Investor Services, Ltd. Credit Research Analyst, Dresdner Kleinwort Wasserstein Equity Research Analyst, Ross Financial Services Group Associate, 1999 Industrial Development Bank of India Associate, Distressed Debt, Holtec Consulting Ltd. Consultant, London Business School, Masters, Finance Delhi University, Faculty of Management Studies, M.B.A. Indian Institute of Technology, Delhi, Bachelor of Technology, Chemical Engineering Mark A. Hughes 15 Years Experience Western Asset Management Company Research Analyst, 2009 Pacific Investment Management Company Senior Vice President, Credit Research, W.R. Huff Asset Management Financial Analyst, Seattle-Northwest Securities Investment Banking Associate, MIT Sloan School of Management, M.B.A. Williamette University, B.A. Christopher N. Jacobs 25 Years Experience Western Asset Management Company Research Analyst, 2006 BreakWater Fund Management LLC Portfolio Manager, Ares Management LLC Senior Analyst/Trader, Darden Graduate School of Business, University of Virginia, M.B.A. Davidson College, N.Carolina, B.A.

4 Brandon C. Jacoby 10 Years Experience Western Asset Management Company Portfolio Analyst, 2004 Alliance Bernstein Private Client Associate, California State University, M.A. Yale University, B.A. Certified Financial Risk Manager Walter E. Kilcullen 16 Years Experience Western Asset Management Company Senior Trader, 2002 Seix Investment Advisors Head High Yield Trader, University of Massachusetts, Amherst, B.A. Economics Christopher K. Kilpatrick 16 Years Experience Western Asset Management Company Research Analyst/Trader, 2003 Pacific Investment Management Company Bank Loan Trader/Senior Structure Analyst, GMAC Mortgage DiTech Funding Corporation University of California, Irvine, M.B.A. California State University, Long Beach, B.S. John M. King 16 Years Experience Western Asset Management Company Research Analyst, 2009 AIG Investments Vice President, High Yield, Morgan Stanley Associate, High Yield Trading and Research, Enron Corporation Associate, Generation (Prinicpal) Investments, Jefferies & Company, Inc. Corporate Financial Analyst, Energy Group, University of Chicago, Graduate School of Business, M.B.A. Rice University, B.A.

5 Thomas V. McMahon 34 Years Experience Western Asset Management Company Product Manager, 2001 Credit Suisse First Boston Vice President, Corporate Bond Specialist, J.P. Morgan Securities Vice President, Fixed Income Sales, Donaldson, Lufkin & Jenrette Vice President, Fixed Income Sales, E.F. Hutton Fixed Income Sales Executive, University of Richmond, B.A. Timothy J. Settel 20 Years Experience Western Asset Management Company Portfolio Manager/Research Analyst, 2001 Lazard Freres & Co. Portfolio Manager, Bear Stearns Mortgage Analyst, New York University, M.B.A. Lehigh University, B.S. Damon Shinnick 14 Years Experience Western Asset Management Company Pty Ltd Portfolio Manager/Research Analyst, 2011 Pension Corporation LLP Partner, Asset Management Division, Lehman Brothers Australia Portfolio Manager, Senior Vice President, Investment Management, Challenger Financial Services Group Portfolio Manager, Analyst, HSBC Asset Management, Australia Quantitative Analyst, Monash University, Bachelor of Commerce (Honors) Araceli M. Sibley 21 Years Experience Western Asset Management Company Research Analyst, 1992 Cal Poly Pomona, B.Sc.

6 Suzanne M. Trepp 23 Years Experience Western Asset Management Company Research Analyst, 1997 Bank of America Capital Management, Inc. Portfolio Manager, Bankers Trust Company Portfolio Manager, Anderson Graduate School of Management, UCLA, M.B.A. George Washington University, B.A.

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