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Press release from PR Newswire

Legg Mason Reports Assets Under Management For July 2012

Friday, August 10, 2012

Legg Mason Reports Assets Under Management For July 201207:59 EDT Friday, August 10, 2012BALTIMORE, Aug. 10, 2012 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $636 billion as of July 31, 2012.  This month's AUM reflects the previously disclosed transfer of $2.0 billion of liquidity assets to Morgan Stanley Smith Barney as well as a $2.0 billion redemption from an enhanced liquidity, low fee mandate within fixed income.  LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)Assets Under ManagementPreliminary July 2012June 2012March 2012December 2011September 2011Equity$           149.6$   151.1$        163.4$              153.3$               144.9Fixed Income364.9360.6356.1352.6355.5Long-Term514.5511.7519.5505.9500.4Liquidity121.3120.1123.8121.1111.4Total$           635.8$   631.8$        643.3$              627.0$               611.8 About Legg Mason Legg Mason is a global asset management firm with $636 billion in assets under management as of July 31, 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