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Press release from PR Newswire

Legg Mason Reports Assets Under Management for February 2011

Thursday, March 10, 2011

Legg Mason Reports Assets Under Management for February 201108:00 EST Thursday, March 10, 2011BALTIMORE, March 10, 2011 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $673 billion as of February 28, 2011.  This month's AUM reflects the previously disclosed divestiture of an Asian equity manager that reduced assets under management by $2.2 billion. LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)Assets Under ManagementPreliminary February 2011January 2011December 2010September 2010June 2010March 2010Equity$           188.7$         185.6$             184.2$              169.6$    155.8$      173.8Fixed Income353.4352.9355.8371.6357.9364.3Long-Term542.1538.5540.0541.2513.7538.1Liquidity130.6133.3131.8132.3131.7146.4Total$           672.7$         671.8$             671.8$              673.5$    645.4$      684.5About Legg Mason Legg Mason is a global asset management firm with $673 billion in assets under management as of February 28, 2011. 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