Market Overview

Western Asset Emerging Markets Debt Fund Inc. Portfolio Composition as of June 30, 2018

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Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announces its
portfolio composition as of June 30, 2018.

Investment Objective: The Fund's primary investment objective is
to seek high current income. The Fund's secondary objective is capital
appreciation.

Portfolio Composition*:

Asset Allocation

Emerging Market Debt     97.6%
Sovereign Debt External Currency 66.8%
Sovereign Debt Local Currency 10.8%
Corporates External Currency 19.8%
Corporates Local Currency 0.2%
Investment Grade Corporate Bonds 0.4%
High Yield Corporate Bonds 0.2%
Cash & Other Securities 1.7%
 

Credit Quality Allocation**

AA 1.3%
A 14.9%
BBB 38.3%
BB 18.9%
B 22.1%
C 1.1%
Not Rated 3.4%
 

Top Ten Emerging Market Countries

Indonesia 10.0%
Mexico 9.8%
Russia 8.4%
Argentina 7.7%
Brazil 7.3%
Peru 5.5%
Colombia 4.9%
China 2.4%
Kazakhstan 2.3%
Egypt 2.3%
 
 

Currency Allocation

US Dollar 97.6%
Russian Ruble 1.7%
Indonesian Rupiah 1.0%
Egyptian Pound 0.9%
Nigerian Naira 0.9%
Indian Rupee 0.7%
Czech Koruna 0.7%
Uruguayan Peso 0.5%
Argentine Peso 0.2%
Mexican Peso 0.1%
Brazilian Real -0.1%
Euro -1.1%
Philippine Peso -1.5%
Saudi Riyal -1.6%
 
Average Life (years) 9.4
Average Effective Duration (years) 7.5
Average Coupon (%) 6.3
 
Portfolio Statistics:
 
Inception Date December 1, 2003
Inception Price $20.00
Total Assets*** $1,323,096,720
Net Assets $936,193,946
Loans**** 22.30%
Preferred Shares**** 0.00%
Reverse Repos**** 6.95%
 
Market Price $13.27
NAV $15.41
(Daily NAV is available on market quotation systems using the symbol
XEMDX.)
 
Distribution Rate***** $0.1000 per share
Frequency Monthly (Declared quarterly, paid monthly)
 

* Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at any
time. Negative allocations and allocations in excess of 100%, if any,
are primarily due to the Fund's unsettled trade activity.

** Credit quality is a measure of a bond issuer's ability to repay
interest and principal in a timely manner. The credit ratings shown are
based on each portfolio security's rating as provided by Standard and
Poor's, Moody's Investors Service and/or Fitch Ratings, Ltd. and
typically range from AAA (highest) to D (lowest), or an equivalent
and/or similar rating. For this purpose, when two or more of the
agencies have assigned differing ratings to a security, the lowest
rating is used. Securities that are unrated by all three agencies are
reflected as such. The credit quality of the investments in the Fund's
portfolio does not apply to the stability or safety of the Fund. These
ratings are updated monthly and may change over time. Please note,
the Fund itself has not been rated by an independent rating agency.

*** The difference between total assets and net assets, if any, is due
primarily to the Fund's use of borrowings; net assets do not include
borrowings. The Fund may employ leverage in the form of loans, preferred
stock, reverse repurchase agreements and/or other instruments. When the
Fund engages in transactions that have a leveraging effect on the Fund's
portfolio, the value of the Fund will be more volatile and all other
risks will tend to be compounded.

**** Percentages are based on total assets. If the Fund employs
leverage, the Effective Duration is based on net assets.

***** Pursuant to its managed distribution policy, the Fund intends to
make regular monthly distributions to shareholders of its common stock
at a fixed rate per common share, which may be adjusted from time to
time by the Fund's Board of Directors. Under the Fund's managed
distribution policy, if, for any monthly distribution, the total of net
investment income and net realized capital gain is less than the amount
of the distribution, the difference will be distributed from the Fund's
assets (and will constitute a "return of capital"). The Board of
Directors may modify, terminate or suspend the managed distribution
policy at any time, including when certain events would make part of any
return of capital taxable to shareholders. Any such modification,
termination or suspension could have an adverse effect on the market
price for the Fund's shares.

Western Asset Emerging Markets Debt Fund Inc., a non-diversified
closed-end investment management company traded on the New York Stock
Exchange under the symbol "EMD," is advised 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
advisor.

An investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate. Fixed income
securities are subject to credit risk, inflation risk, call risk, and
interest rate risks. As interest rates rise, bond prices fall, reducing
the value of the Fund's share price. International investing involves
additional risks. These risks are greater in emerging markets.

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.

For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund's web site at http://www.lmcef.com.
Hard copies of the Fund's complete audited financial statements are
available free of charge upon request.

FN1112202

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