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Press release from PR Newswire

Legg Mason Reports Assets Under Management for April 2010

Thursday, May 13, 2010

Legg Mason Reports Assets Under Management for April 201008:00 EDT Thursday, May 13, 2010BALTIMORE, Md., May 13 /PRNewswire-FirstCall/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $685 billion as of April 30, 2010. �LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)Assets Under ManagementPreliminary April 2010March 2010December 2009September 2009June 2009Equity$ � � �177.8$ � 173.8$ � � � 168.7$ � � �165.6$ �143.6Fixed Income367.1364.3365.8385.7366.6Long-Term544.9538.1534.5551.3510.2Liquidity140.4146.4147.1151.4146.7Total$ � � �685.3$ � 684.5$ � � � 681.6$ � � �702.7$ �656.9About Legg Mason Legg Mason is a global asset management firm with $685 billion in assets under management as of April 30, 2010. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).SOURCE Legg Mason, Inc.For further information: Investors: Alan Magleby, +1-410-454-5246, afmagleby@leggmason.com; Media: Mary Athridge, +1-212-805-6035, mkathridge@leggmason.com