Salomon Brothers Emerging Markets Floating Rate Fund Inc. as of December 31, 2003 NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- Salomon Brothers Emerging Markets Floating Rate Fund Inc. as of December 31, 2003. Investment Objective: The Fund seeks tomaintain a high level of current income. Portfolio Composition* Asset Allocations: Emerging Market Bonds 96.55% Cash 3.45 Top Ten Emerging Market Debt Countries: Brazil 27.75% Russia 19.31 Colombia 8.18 Venezuela 6.25 Ecuador 5.28 Panama 5.01 Turkey 4.94 Peru 4.93 Philippines 4.88 Morocco 4.81 Currency Allocation: US Dollar: 100% * Portfolio holdings and weightings are subject to change at any time. Inception Date: March 24, 1994 Total Net Assets: $58.348 million Market Price: $13.31 NAV: $13.57 (Daily NAV is available on market quotation systems using the symbol XEFLX.) Dividend Rate: $0.073 Frequency: Monthly Salomon Brothers Emerging Markets Floating Rate Fund Inc., a non-diversified investment management company traded on the New York Stock Exchange under the symbol "EFL," is managed by Salomon Brothers Asset Management Inc, an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102 or 1-800-SALOMON, or consult the Fund's web site at http://www.sbam.com/. DATASOURCE: Salomon Brothers Emerging Markets Floating Rate Fund Inc. CONTACT: Brenda Grandell, Director, Closed-End Funds of Citigroup Asset Management, +1-212-291-3775, for Salomon Brothers Emerging Markets Floating Rate Fund Inc. Web site: http://www.sbam.com/

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