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Press release from PR Newswire

Legg Mason Reports Assets Under Management For February 2012

Monday, March 12, 2012

Legg Mason Reports Assets Under Management For February 201207:55 EDT Monday, March 12, 2012BALTIMORE, March 12, 2012 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $638 billion as of February 29, 2012.  This month's AUM reflects the previously disclosed divestiture of Bartlett & Co. that reduced long-term assets under management by $2.8 billion ($1.8 billion equity and $1.0 billion fixed income).              LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)              Assets Under Management                             Preliminary              February 2012 January 2012 December 2011 September 2011 June 2011 March 2011Equity  $            162.9 $        160.9 $           153.3 $            144.9 $  181.5 $    189.6Fixed Income  358.3 357.6 352.6 355.5 365.4 356.6 Long-Term 521.2 518.5 505.9 500.4 546.9 546.2Liquidity  116.8 112.8 121.1 111.4 115.6 131.4 Total $           638.0 $        631.3 $           627.0 $             611.8 $   662.5 $     677.6                                                        About Legg Mason Legg Mason is a global asset management firm with $638 billion in assets under management as of February 29, 2012. 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