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Press release from PR Newswire

Legg Mason Reports Assets Under Management For June 2010

Tuesday, July 13, 2010

Legg Mason Reports Assets Under Management For June 201008:00 EDT Tuesday, July 13, 2010BALTIMORE, July 13 /PRNewswire-FirstCall/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $646 billion as of June 30, 2010. �LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)Assets Under ManagementPreliminary June 2010March 2010December 2009September 2009June 2009Equity$ � � 155.8$ � � �173.8$ � � � � � � 168.7$ � � � � � � �165.6$ � �143.6Fixed Income357.9364.3365.8385.7366.6Long-Term513.7538.1534.5551.3510.2Liquidity131.7146.4147.1151.4146.7Total$ � � 645.4$ � � �684.5$ � � � � � � 681.6$ � � � � � � �702.7$ � �656.9About Legg Mason Legg Mason is a global asset management firm with $646 billion in assets under management as of June 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, or Media: Mary Athridge, +1-212-805-6035, mkathridge@leggmason.com, both of Legg Mason, Inc.