Calamos Asset Management, Inc. Fourth Quarter Conference Call

NAPERVILLE, Ill., Jan. 26, 2005 -- Calamos Asset Management, Inc. will announce earnings for the fourth quarter and full year of 2004 before the financial markets open on Monday, Jan. 31. The company has scheduled an investor conference call that day at 4:30 p.m. Eastern time (3:30 p.m. Central time).

A live Webcast of the conference call will be available on the Investor Relations section of the company's Web site at www.calamos.com. Those wishing to listen to the live conference via telephone should dial 800-659-2037 if calling from within the United States or 617-614-2713 if calling from outside the United States, at least 10 minutes before the call begins. They will be asked to enter passcode 57352512.

In addition, the Webcast call will be distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event-management site, StreetEvents (www.streetevents.com).

A replay of the call will be available until Feb. 7, 2005 by dialing 888-286-8010 inside the U.S. or 617-801-6888 outside the U.S. and entering passcode 30566535. A replay also will be available on the Investor Relations section of www.calamos.com until Feb. 7, 2005.

Calamos Asset Management, Inc. operates companies that provide investment advisory services to institutions and individuals seeking superior risk- adjusted returns over the long term. With roots dating back to 1977, the company applies its proprietary investment process across an expanding range of strategies within the equity, balanced, convertible, high yield and alternative investment classes. On Oct. 27, 2004, Calamos Asset Management's shares began trading on the NASDAQ National Market under the ticker symbol CLMS. For more information, visit www.calamos.com.

Forward-Looking Information

From time to time, information or statements provided by us, including those within this news release, may contain certain forward-looking statements relating to future events, future financial performance, strategies, expectations and competitive environment, and regulations. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Such risks and uncertainties include, but are not limited to: loss of revenues due to contract terminations and redemptions, unavailability of third-party retail distribution channels, non-performance of third-party vendors, our holding company structure, fluctuations in the financial markets and the competitive conditions in the mutual fund, asset management and broader financial services sectors. For a discussion concerning these and other risks, uncertainties and other important factors that could affect future results, see "Forward-Looking Information" in Part I, Item 2 of the company's Quarterly Report on Form 10-Q for the period ended September 30, 2004. The company expects to file its 2004 Annual Report on Form 10-K with the U.S. Securities and Exchange Commission by March 31, 2005. This report will include more complete information on the company's annual financial results.