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GOF Announces Changes To Portfolio Management Team

Claymore/Guggenheim Strategic Opportunities Fund (the “Fund”) (NYSE: GOF) announces changes to the Fund’s portfolio management team. The investment process of Guggenheim Partners Asset Management, LLC the Fund’s investment sub-adviser, (“GPAM” or the “Sub-Adviser”), which is an indirect subsidiary of Guggenheim Partners, LLC (“Guggenheim”), is a collaborative effort between its Portfolio Construction Group, which utilizes tools such as Guggenheim’s proprietary optimization modeling to determine allocation of assets among a variety of sectors, and its Sector Specialists, who are responsible for security selection within these sectors and for implementing securities transactions, including the structuring of certain securities directly with the issuer or with investment banks and dealers involved in the origination of such securities. The Sub-Adviser's personnel with the most significant responsibility for the management of the Fund's portfolio are:

B. Scott Minerd, Chief Investment Officer

Since 2001, Mr. Minerd has served as Chief Investment Officer of the Sub-Adviser, guiding the investment strategies of the sector portfolio managers. He was formerly a Managing Director with Credit Suisse First Boston in charge of trading and risk management for the Fixed Income Credit Trading Group. In this position, he was responsible for the corporate bond, preferred stock, money markets, U.S. government agency and sovereign debt, derivatives securities, structured debt and interest-rate swaps trading business units. Previously, Mr. Minerd was Morgan Stanley’s London-based European Capital Markets Products Trading and Risk Manager responsible for Eurobonds, Euro-MTNs, domestic European Bonds, FRNs, derivative securities and money market products in 12 European currencies and Asian markets. Mr. Minerd has also held capital markets positions with Merrill Lynch and Continental Bank and was a Certified Public Accountant working for Price Waterhouse. Mr. Minerd holds a BS degree in Economics from the Wharton School, University of Pennsylvania and has completed graduate work at both the University of Chicago Graduate School of Business and the Wharton School, University of Pennsylvania.

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