Highland Capital Management, L.P.

Highland Capital Strengthens Business Development, Adds Managing Director

Highland Capital Management, L.P. (“Highland”) today announced that Brian Rice has joined the firm as Managing Director. Based in Highland’s New York office, Mr. Rice reports to Clay Shumway, Head of Business Development. Mr. Rice is responsible for business development primarily in the U.S. and Europe including developing strategic relationships with institutionals investors, consultants and wealth management platforms.

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The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such distribution or offer is not authorized. In particular, the information herein is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States (“US”) to or for the benefit of any US person (being residents of the US or partnerships or corporations organized under the laws of the US).

Assets under management figures are based on fee-earning AUM for Highland Capital Management and its affiliates, rounded to the nearest $100 million, and as of 3/31/2012

* NOT FDIC INSURED * May lose value * No bank guarantee. * Past performance is not indicative of future results. *