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Press release from PR Newswire

Legg Mason Reports Assets Under Management for August 2010

Monday, September 13, 2010

Legg Mason Reports Assets Under Management for August 201008:00 EDT Monday, September 13, 2010BALTIMORE, Sept. 13 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $656 billion as of August 31, 2010.  LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)Assets Under ManagementPreliminary August 2010July 2010June 2010March 2010December 2009September 2009Equity$             157.3$             165.3$             155.8$             173.8$             168.7$             165.6Fixed Income365.9364.7357.9364.3365.8385.7Long-Term523.2530.0513.7538.1534.5551.3Liquidity133.1129.3131.7146.4147.1151.4Total$             656.3$             659.3$             645.4$             684.5$             681.6$             702.7About Legg Mason Legg Mason is a global asset management firm with $656 billion in assets under management as of August 31, 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