ClearBridge Energy MLP Fund Inc. Announces Note Issuance

ClearBridge Energy MLP Fund Inc. (“the Fund”) (NYSE:CEM) announced today it completed a private placement of $75 million of fixed-rate senior secured notes on April 30, 2014. Net proceeds from the offering will be used to make new portfolio investments, and for general corporate purposes. After the note issuance, the Fund’s total leverage is $502 million or 20% of managed assets, comprised of 88% in fixed-rate securities and 12% in floating-rate financing.

The table below summarizes the key terms of this offering.

For more information, please contact the Fund at 1-888-777-0102 or visit the Fund’s website at: www.lmcef.com

ClearBridge Energy MLP Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments, LLC (“ClearBridge”).

The Fund seeks to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (“MLPs”) in the energy sector. The Fund considers an entity to be in the energy sector if it derives at least 50% of its revenue from the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. There is no assurance that the Fund’s investment objective will be obtained.

LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc. (“Legg Mason”).

About Legg Mason

Legg Mason is a global asset management firm with $680 billion in assets under management as of December 31, 2013. Legg Mason provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol:LM).

About ClearBridge

ClearBridge Investments, LLC is Legg Mason’s largest equity manager with approximately $90 billion in assets under management, including $15.6 billion in energy assets, as of December 31, 2013. Led by the insight of proprietary, fundamental research and a team of portfolio managers with an average of 24 years of investment industry experience, their investment process provides clients with a diverse menu of equity-focused strategies in a number of investment vehicles and personalized, value-added client service.

All investments are subject to risk, including the risk of loss. The Fund's concentration of investments in energy related MLPs subject it to the risks of MLPs and the energy sector, including the risks of declines in energy and commodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation, and changes in tax laws. Leverage may result in greater volatility of NAV and the market price of common shares and increases a shareholder's risk of loss. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. The Fund may invest in small capitalization or illiquid securities which can increase the risk and volatility of the Fund.

ClearBridge Energy MLP Fund Inc. is not sold or distributed by Legg Mason or any Legg Mason affiliate. Shares of the fund are bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges.