Company Press Release

Wasatch Advisors names Eugene Podsiadlo as Director of Mutual Funds

Salt Lake City, July 20, 2011 - Wasatch Advisors, Inc., investment advisors to the Wasatch Funds mutual fund family has named Eugene (Gene) Podsiadlo Director of Mutual Funds for the organization.

Mr. Podsiadlo serves on the Board of Directors of Wasatch Advisors (since 2002) and participates in various activities for the firm, including business development, acquisitions, and strategy. He is also a managing director of the firm’s venture capital affiliate, Cross Creek Capital Partners.

"We are fortunate to have Gene expand his leadership role with the Wasatch Funds. We value his years of experience in the industry as we continue to grow our business and bring the best active portfolio management to our investors," said Jeff Cardon, President of Wasatch Advisors.

Wasatch Advisors, Inc. manages over $10.8 Billion (as of 6/30/11) in mutual funds and institutional separate accounts. The no-load Wasatch Funds feature 18 different portfolio strategies, and are made available through financial advisors, defined contribution plans, institutions, and to retail investors.

Mr. Podsiadlo was previously president of Warburg Pincus Funds and Managing Director of Warburg Pincus & Co. 1994-2000. He joined Warburg Pincus in 1991 and devised and implemented the business and marketing plan for its U.S. retail and institutional mutual fund business, which grew to over $11 billion in assets in 7 years. Mr. Podsiadlo was also director of Warburg Pincus’ Tokyo subsidiary and built a successful bank ITM (mutual fund) business in Japan.

Following the acquisition of Warburg Pincus Asset Management in 2000 by Credit Suisse Asset Management (CSAM), Mr. Podsiadlo was a managing director and member of the CSAM Management Committee (U.S). In 2003, Mr. Podsiadlo was named president of SPARX Funds Trust, and helped organize the operations of the U.S. mutual fund business for SPARX Asset Management, Ltd., one of the largest independent publicly-traded investment firms in Japan. Mr. Podsiadlo holds a BS Economics from The Wharton School, University of Pennsylvania and an MBA from University of Maryland.

About Wasatch Advisors®

Wasatch Advisors is the investment manager to Wasatch Funds®, a family of no-load mutual funds, as well as separately managed institutional and individual portfolios. Wasatch Advisors pursues a disciplined approach to investing, focused on bottom-up, fundamental analysis to develop a deep understanding of the investment potential of individual companies. The portfolio managers employ a uniquely collaborative process to leverage the knowledge and skill of the entire Wasatch Advisors research team in making investment decisions. Wasatch Advisors is an employee-owned investment adviser founded in 1975 and headquartered in Salt Lake City, Utah.