Seligman LaSalle International Real Estate Fund Announces Third Quarter Distribution

NEW YORK--(Business Wire)--
The Board of Directors of Seligman LaSalle International Real
Estate Fund, Inc. (NYSE: SLS) today declared a third quarter
distribution of $0.4375 per share, equal to 1.75% of the Fund's $25.00
initial offering price. The distribution will be paid on September 22,
2008 to Stockholders of record on September 15, 2008. Shares of the
Fund will be offered "ex-dividend" on September 11, 2008. Unless they
have elected otherwise, Stockholders will receive all of their
distribution in additional shares.

Seligman LaSalle International Real Estate Fund is a closed-end
investment company that trades on the New York Stock Exchange. Its
primary investment objective is long-term capital appreciation, with
current income as a secondary objective.

The Fund is sub-advised by LaSalle Investment Management
(Securities) L.P. and LaSalle Investment Management Securities B.V.
(together, "LaSalle Securities"). LaSalle Securities is a leading real
estate securities manager and an operationally independent subsidiary
of Jones Lang LaSalle Incorporated, a leading global property services
company.

The Fund should only be considered as one element of a complete
investment program. An investment in the Fund should be considered
speculative. Closed-end funds frequently trade at a discount to their
net asset values.

A portion of the Fund's distribution may be a return of capital.
Persons who periodically receive distribution payments consisting of a
return of capital may be under the impression that they are receiving
net profits on their investment when they are not. Stockholders should
not assume that the source of any distributions from the Fund is net
profits of the Fund. The final sources of distributions for Federal
income tax purposes will be determined after the end of the year.

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. The Fund is a
"non-diversified" fund and thus may hold fewer securities than other
funds. A decline in the value of those investments would cause the
Fund's overall value to decline to a greater degree than if the Fund
held a more diversified portfolio.

Dividends paid by the Fund will be taxable as ordinary income. It
is not expected that income dividends paid by the Fund will be
eligible for the reduction in dividend tax rates set forth in the Jobs
and Growth Tax Relief Reconciliation Act of 2003.

There are specific risks associated with global investing, such as
currency fluctuations, foreign taxation, differences in financial
reporting practices, and rapid changes in political and economic
conditions. Because of the special risks involved with investing with
securities of emerging market companies, investing in such companies
should be considered speculative and not appropriate for individuals
who require safety of principal or stable income from their
investments.

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

You should consider the investment objectives, risks, charges, and
expenses of the Fund carefully before investing. You can obtain the
Fund's most recent periodic reports 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 or sending
money.

The Fund's shares do not represent a deposit in or obligation of,
and are not guaranteed or endorsed by, any bank or other insured
depository institution, and are not insured by the FDIC, the Federal
Reserve Board or any other government agency. There is no assurance
that the Fund will achieve its investment objectives and investors
could lose money.

About the Fund's Investment Manager

J. & W. Seligman & Co. Incorporated, a New York-based investment
manager and advisor, was founded in 1864. In addition to providing
management and advisory services to institutional clients, the firm
and its affiliates provide individuals a broad array of investment
options, including the US-based Seligman Group of Funds with more than
50 portfolios. Additionally, the firm manages Tri-Continental
Corporation, which is traded on the New York Stock Exchange, and a
range of offshore investments available exclusively for non-US
investors. J. & W. Seligman & Co. Incorporated has an additional
office in Palo Alto, California. Seligman Advisors, Inc. is the
principal underwriter for the Seligman mutual funds. Seligman
Services, Inc. provides client services to shareholders. Seligman
Advisors, Inc. and Seligman Services, Inc. are members of FINRA and
are each an affiliate of J. & W. Seligman & Co. Incorporated.

About the Funds' Subadvisers

LaSalle Investment Management (Securities) L.P., with offices in
Baltimore and Hong Kong, and LaSalle Investment Management
(Securities) B.V., located in Amsterdam (collectively, "LaSalle
Securities"), provide subadvisory services to the Fund. LaSalle
Securities is a leading real estate securities investment manager for
pension funds, as well as institutional and retail investors around
the globe. With more than 21 years combined investment experience,
LaSalle Securities had approximately $9.0 billion of assets under
management in listed real estate securities at June 30, 2008,
including US, European, international, and global mandates. LaSalle
Securities is part of LaSalle Investment Management and, as such,
benefits from the resources of both LaSalle Investment Management and
its parent company, Jones Lang LaSalle Incorporated, a NYSE-listed
real estate services company.

J. & W. Seligman & Co.
Media:
Mary Ann Susco, 212-850-1382
suscom@jwseligman.com
or
Stockholder:
Marco Acosta, 212-850-1333
acostam@jwseligman.com

Copyright Business Wire 2008