Seligman Select Municipal Fund, Inc. Declares August Income Dividend Distribution

NEW YORK--(Business Wire)--
Directors of Seligman Select Municipal Fund, Inc. (NYSE: SEL)
today declared an income dividend of $0.036 per common share. The
dividend will be payable August 22, 2008 to shareholders of record on
August 15, 2008. Common shares of Seligman Select Municipal Fund, Inc.
will be offered "ex-dividend" on August 13, 2008.

Seligman Select Municipal Fund, Inc. is managed by J. & W.
Seligman & Co. Incorporated (JWS), a New York-based investment manager
and advisor, which was founded in 1864. Seligman Advisors, Inc. is the
principal underwriter of the Seligman mutual funds managed by JWS.
Seligman Services, Inc. provides client services to shareholders of
Seligman Select Municipal Fund, Inc. Seligman Advisors, Inc. and
Seligman Services, Inc. are wholly-owned subsidiaries of JWS.

You should consider the investment objectives, risks, charges, and
expenses of a fund carefully before investing. You can obtain the
Fund's most recent annual, semi-annual and quarterly reports by
contacting your financial advisor or Seligman Services, Inc. at
800-597-6068. These reports and other information are also available
on the Securities and Exchange Commission's EDGAR Database.

Seligman Select Municipal Fund, Inc.
Media
Mary Ann Susco, 212-850-1382
suscom@jwseligman.com
or
Shareholder
Marco Acosta, 212-850-1333
acostam@jwseligman.com

Copyright Business Wire 2008