DCS Announces Appointment of Additional Co-Portfolio Manager.

LISLE, Ill. -- The Dreman/Claymore Dividend & Income Fund (NYSE:DCS), today announced the appointment of Lee A. Delaporte as Co-Portfolio Manager for the Fund.

Mr. Delaporte joined Dreman Value Management, LLC, the Fund's Investment Manager, in 2004 as a Senior Vice President and Portfolio Manager. With over twenty years of experience in the investment management field, Mr. Delaporte previously served as a Senior Portfolio Manager for Citigroup Asset Management and its predecessors where he was a member of their Large-Cap Value Team for eleven years. At Citigroup, he was responsible for the management of institutional and private client portfolios as well as research coverage for the energy, electrical equipment and metals industries. Additionally, Mr. Delaporte previously served as a Senior Portfolio Manager for Glickenhaus & Co. where he managed institutional and private client portfolios in a value-oriented approach. In his new role, Mr. Delaporte will join the Fund's current investment management team of David N. Dreman, Nelson P. Woodard and F. James Hutchinson.

David Dreman stated, "We believe this action will significantly strengthen the research effort dedicated to this tax-advantaged equity fund. Lee's management experience coupled with the experience already in place should further solidify our status as leaders in the value space."

Dreman Value Management, LLC, the Fund's Investment Manager, was founded by David N. Dreman in 1997, and its predecessor firms date back to 1977. The firm has over $13.9 billion in assets under management, primarily across institutional accounts, separate account wrap-fee programs, high-net-worth individuals and various investment companies. Independently owned, the firm is a value-oriented contrarian equity manager and places its primary emphasis on common stocks with growing dividends. David Dreman is widely known for his association with Forbes where he has penned a column entitled "The Contrarian" since 1980 and for publishing four books on low P/E contrarian value investing and behavioral finance.

This information does not represent an offer to sell securities of the Fund and it is not soliciting an offer to buy securities of the Fund. There can be no assurance that the Fund will achieve its investment objectives. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance.

An investment in the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Hedging Risk; Not a Complete Investment Program; Market Discount Risk; Equity Risk; Special Risks Related to Preferred Securities; Income Risk; Value Investing Risk; Fund Distribution Risk; Interest Rate Risk; Inflation Risk; Foreign Securities; Non-diversified Status; Industry Concentration Risk; Lower-Rated Securities; Financial Leverage; Management Risk; Dependence on Key Personnel; Anti-Takeover Provisions; Illiquid Securities; Common Stock Risk; Special Risks of Derivative Transactions and Geopolitical Risks.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before they invest. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.