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Westwood Holdings Group, Inc. Reports First Quarter 2012 Results And Declares Quarterly Dividend; Mutual Fund Assets Increase 24% Year-over-year To Record $1.5 Billion

Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2012 revenues of $17.9 million, net income of $3.8 million and earnings per diluted share of $0.52. This compares to revenues of $17.0 million, net income of $3.5 million and earnings per diluted share of $0.50 in the first quarter of 2011. Economic Earnings were $5.8 million compared to $6.1 million for the first quarter of 2011. Economic Earnings per share (“Economic EPS”) were $0.80 per diluted share compared to $0.85 per diluted share for the first quarter of 2011. (Economic Earnings and Economic EPS are non-GAAP performance measures and are explained and reconciled with the most comparable GAAP numbers in the attached tables.)

Assets under management were $13.9 billion as of March 31, 2012, an increase of 4% compared to $13.3 billion as of March 31, 2011. The increase was primarily due to market appreciation and asset inflows from new and existing clients, partially offset by the withdrawal of assets by certain clients. Mutual fund assets, now comprising eight Westwood Funds TM, were $1.5 billion as of March 31, 2012, an increase of 24% compared to $1.2 billion as of March 31, 2011.

Brian Casey, Westwood’s President & CEO, commented, “With most equity indexes posting strong double digit returns, we are pleased that our investment teams kept pace with the strong market and produced returns ahead of corresponding benchmarks for most of our investment strategies. Our Private Wealth channel reported net asset inflows for the third consecutive quarter as we succeeded in attracting new accounts both in Dallas and Omaha. Our Westwood Funds TM family of mutual funds continues to grow, with assets of $1.5 billion at quarter end. While we maintain our focus on generating competitive performance and providing superior service for our existing clients, as announced last week, we are pleased to welcome our new team members in Canada who will extend our investment management capabilities with the launch of Emerging Markets and Global Equity strategies.”

Westwood’s Board of Directors declared a quarterly cash dividend of $0.37 per common share, payable on July 2, 2012 to stockholders of record on June 15, 2012.

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