Heartland Select Value Fund Receives Lipper Award

MILWAUKEE--(Business Wire)--
At the annual Lipper awards ceremony held in New York last night,
the Heartland Select Value Fund (Nasdaq:HRSVX) received the 2008
Lipper Fund Award for the Best Multi-Cap Value Fund over the past 10
years. The award was earned based on Lipper's category of highest
Consistent Return for the 10 years ending December 31, 2007. The Fund
was ranked #1 of 93 multi-cap value funds for that time period.

"The Select Value Fund's investment process with a focus on
protecting downside risk has served shareholders well over the last 10
years," said Dave Fondrie, portfolio manager of the Select Value Fund.
"We're pleased that our disciplined investment process has allowed us
to generate consistent results in a variety of market environments
over the long-term."

Annually, Lipper, an independent monitor of mutual funds, awards
the top rated fund from each Lipper classification that achieved the
highest Consistent Return scores. A fund's Consistent Return score
evaluates its risk-adjusted returns, measured in local currency,
relative to peers, for the three-year, five-year, and ten-year
periods, as well as overall.

About Heartland Funds:

Heartland Funds is advised by Heartland Advisors, Inc. an
independently owned Milwaukee-based firm established in 1983 and
renowned as America's Value Investor(R). As of March 31, 2008, the
firm managed approximately $2.6 billion for institutional and high net
worth clients and the Heartland family of value-driven mutual funds.
Each fund utilizes Heartland's disciplined and time-tested 10
Principles of Value Investing(TM) to identify stocks with strong
financial profiles and low prices relative to their earnings, cash
flows and book values. For more information, visit
www.heartlandfunds.com.

An investor should consider the Funds' investment objectives,
risks, and charges and expenses carefully before investing or sending
money. This and other important information can be found in the Funds'
prospectus. To obtain a prospectus, please call 1-800-432-7856 or
visit www.heartlandfunds.com. Please read the prospectus carefully
before investing.

Kim O'Connor is a registered representative of ALPS Distributors,
Inc.

In addition to stocks of large companies, the Select Value Fund
invests in small and mid-sized companies that are generally less
liquid than large companies. The Fund also invests in a smaller number
of stocks (generally 40 to 60) than the average mutual fund. The
performance of these holdings may increase the volatility of the
Fund's returns. Value-based investments are subject to the risk that
the broad market may not recognize their intrinsic values. Prior to
December 1, 2001, the Advisor voluntarily waived a portion of the
Select Value Fund's expenses. Without such waivers, Select Value
Fund's total returns would have been lower.

Past performance is no guarantee of future results. Lipper, Inc.,
a Reuters company, is a nationally recognized organization that ranks
the performance of mutual funds within a universe of funds that have
similar investment objectives. Rankings are historical and are based
on total return with capital gains and dividends reinvested. For the
1, 3, 5, 10 and Since Inception periods, the Fund is ranked 106 of
441, 33 of 332, 25 of 267, 5 of 95 and 5 of 79 for the period ended
December 31, 2007.

The Heartland Select Value Fund was awarded the 2008 Lipper Fund
Award in the Multi-Cap Value Funds category and was first among 93
funds for the 10-year time period ended December 31, 2007. The Fund
Overall time periods are an equal weighted average of scores for the
three-, five-, and ten- year periods, if applicable. Lipper presents
the award annually to one fund in each category that achieved the
highest combined score of risk-adjusted returns and the strength of
the Fund's performance trend relative to other funds in its category.
Lipper Fund Awards are not intended to predict future results, and
Lipper does not guarantee the accuracy of this information.

Heartland Funds is distributed by ALPS Distributors, Inc.

Heartland Funds
Kim O'Connor
414-977-8738
koconnor@heartlandfunds.com

Copyright Business Wire 2008