Due to possible power and communication interruptions caused by Hurricane Sandy, Waddell & Reed Financial, Inc. (NYSE: WDR) announces the postponement of its third quarter financial and operational results announcement and associated conference call. A press release announcing third quarter announcement is tentatively scheduled to be released before the market opens on Wednesday, October 31, 2012. A copy of the press release, along with supplemental data schedules, will be available on the Investor Relations section of our Web site at www.waddell.com shortly after the public release of our quarterly results. The company will host a conference call at 9:00 a.m. Eastern to discuss the quarterly results and answer investors’ questions. Individuals who wish to participate in the conference call should dial (866) 320.1584 and reference participant code 34430295. The call can also be accessed on the Internet by visiting the Investor Relations section of our Web site. Individuals unable to join the conference call at the scheduled time can access a replay that will be available shortly after the conclusion of the call for 7 days. The replay can be accessed by dialing (855) 859.2056 and entering the participant code listed above, or by visiting the Investor Relations section of our Web site. About the Company Waddell & Reed, Inc., founded in 1937, is one of the oldest mutual fund complexes in the United States, having introduced the Waddell & Reed Advisors Group of Mutual Funds in 1940. Today, we distribute our investment products through the Waddell & Reed Advisors channel (our network of financial advisors), our Wholesale channel (encompassing broker/dealer, retirement, registered investment advisors as well as the activities of our Legend subsidiary), and our Institutional channel (including defined benefit plans, pension plans and endowments, and our subadvisory partnership with Mackenzie in Canada). Through its subsidiaries, Waddell & Reed Financial, Inc. provides investment management and financial planning services to clients throughout the United States. Waddell & Reed Investment Management Company serves as investment advisor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios and InvestEd Portfolios, while Ivy Investment Management Company serves as investment advisor to Ivy Funds. Waddell & Reed, Inc. serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios and InvestEd Portfolios, while Ivy Funds Distributor, Inc. serves as principal underwriter and distributor to Ivy Funds.