More Information Contact:                 (612) 678-7786
Charles Keller                            charles.r.keller@ampf.com

Stockholder Contact:                      (6120 218-3864
Chris Moran                               christopher.m.moran@ampf.com

             RiverSource Investments, LLC Completes its Acquisition
                     of J. & W. Seligman & Co. Incorporated
                        and Becomes Investment Manager of
        Seligman LaSalle International Real Estate Fund, Inc. (NYSE: SLS)


NEW YORK, NEW YORK,  November 7, 2008 - Today,  Seligman  LaSalle  International
Real  Estate  Fund,  Inc.  (the   "Corporation")   (NYSE:  SLS)  announced  that
RiverSource  Investments,  LLC  ("RiverSource  Investments"),  a  subsidiary  of
Ameriprise  Financial,   Inc.  ("Ameriprise   Financial"),   has  completed  its
acquisition  ("Acquisition")  of  J.  & W.  Seligman  &  Co.  Incorporated,  the
Corporation's investment manager prior to November 7, 2008. With the Acquisition
completed and stockholders of the Corporation having previously  approved (at an
adjourned Special Meeting) (the "Meeting") on October 28, 2008, a new investment
management   services   agreement   between  the   Corporation  and  RiverSource
Investments,  a new subadvisory  agreement between  RiverSource  Investments and
LaSalle Investment Management (Securities), L.P., and a new delegation agreement
between LaSalle Investment Management (Securities),  L.P. and LaSalle Investment
Management  Securities  B.V.  (collectively,   the  "Agreements"),   RiverSource
Investments is the new investment manager of the Corporation  effective November
7,  2008 and  LaSalle  Investment  Management  (Securities),  L.P.  and  LaSalle
Investment  Management  Securities  B.V.  will  continue  to provide  day-to-day
portfolio management for the Corporation.

Although,  the Corporation obtained the necessary vote to approve the Agreements
at the Meeting,  the Corporation did not obtain the necessary votes to elect ten
directors to the Corporation's  Board. The Chairman of the  Corporation's  Board
adjourned  the  Meeting,  with  respect  only to the  proposal  relating  to the
election of directors of the Corporation, to 9:30 a.m. on November 13, 2008 (the
"Adjourned  Meeting") at the offices of the  Corporation,  100 Park Avenue,  8th
Floor, New York, New York 10017.

This adjournment will provide additional time for the Corporation's solicitation
of  proxies  to  elect  the   Board's   recommendations   for   directors.   The
director-nominees  are as follows:  Kathleen Blatz,  Arne H. Carlson,  Pamela G.
Carlton,  Patricia M. Flynn, Anne P. Jones,  Jeffrey Laikind,  Stephen R. Lewis,
Jr.,  Catherine  James  Paglia,  Alison  Taunton-Rigby  and William F.  Truscott
(collectively,  the "Nominees").  Mses. Blatz, Carlton and Taunton-Rigby and Mr.
Truscott have been  nominated for election to the class of Directors  whose term
will expire at the annual  meeting to be held in 2009, Ms. Jones and Mr. Carlson
have been  nominated  for  election  to the class of  Directors  whose term will
expire at the annual meeting to be held in 2010, and Mses.  Flynn and Paglia and
Messrs.  Laikind  and Lewis have been  nominated  for  election  to the class of
Directors  whose term



will expire at the annual  meeting to be held in 2011,  and (in each case) until
their  successors are elected and qualify.  Messrs.  Leroy C. Richie and John F.
Maher  will  continue  to  serve  as  Directors  of the  Corporation  after  the
Acquisition,  which would result in an overall increase from ten Directors to 12
Directors  of the  Corporation  if the  Nominees  are  elected at the  Adjourned
Meeting.

RiverSource Investments, 200 Ameriprise Financial Center, Minneapolis, Minnesota
55474,  is also the investment  manager of the other funds in the Seligman Group
of Funds, and is a wholly-owned  subsidiary of Ameriprise Financial.  Ameriprise
Financial is a financial  planning and financial  services company that has been
offering  solutions  for clients'  asset  accumulation,  income  management  and
protection  needs for more than 110 years.  In addition to managing  investments
for the Seligman Group of Funds, RiverSource Investments manages investments for
the RiverSource  funds,  itself and its affiliates.  For institutional  clients,
RiverSource  Investments and its affiliates  provide  investment  management and
related services,  such as separate account asset management,  and institutional
trust and custody, as well as other investment products.

The net asset value of shares may not always  correspond  to the market price of
such shares. Shares of many closed-end funds frequently trade at a discount from
their net asset value. The Corporation is subject to stock market risk, which is
the risk that stock prices  overall  will  decline  over short or long  periods,
adversely affecting the value of an investment in the Corporation.

Investments in real estate  securities may be subject to specific risks, such as
risks to general and local economic conditions,  and risks related to individual
properties. Investing in one economic sector, such as real estate, may result in
greater price fluctuations than owning a portfolio of diversified investments.

You should consider the investment  objectives,  risks, charges, and expenses of
the Corporation  carefully before  investing.  You can obtain the  Corporation's
most recent periodic reports,  when available,  and other regulatory  filings by
contacting your financial  advisor or Seligman  Services,  Inc. at 800-597-6068.
These reports and other filings can also be found on the Securities and Exchange
Commission's  EDGAR  Database.  You should read these  reports and other filings
carefully before investing.

There is no guarantee that the Corporation's investment goals/objectives will be
met, and you could lose money.