Salomon Brothers Emerging Markets Floating Rate Fund Inc. ('EFL') Announces a Dividend from Ordinary Income of $0.07300 per Share for the Months of June, July and August 2004 NEW YORK, May 18 /PRNewswire-FirstCall/ -- Salomon Brothers Emerging Markets Floating Rate Fund Inc., which is listed on the New York Stock Exchange under the symbol "EFL," has declared a dividend from ordinary income of $0.07300 per share. The dividend distribution schedule for the months of June, July and August 2004 appears below: Ex-Dividend Record Payable June 6/11/04 6/15/04 6/25/04 July 7/9/04 7/13/04 7/30/04 August 8/13/04 8/17/04 8/27/04 Salomon Brothers Emerging Markets Floating Rate Fund Inc., a diversified investment management company, 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. DATASOURCE: Salomon Brothers Emerging Markets Floating Rate Fund Inc. CONTACT: Brenda Grandell, Director, Closed-End Funds, for Salomon Brothers Emerging Markets Floating Rate Fund Inc., +1-212-291-3775

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