T. Rowe Price Group Declares Quarterly Dividend

               T. Rowe Price Group Declares Quarterly Dividend

PR Newswire

BALTIMORE, Oct. 22, 2012

BALTIMORE, Oct. 22, 2012 /PRNewswire/ --T. Rowe Price Group, Inc. (NASDAQ-GS:
TROW) announced today that its Board of Directors has declared a quarterly
dividend of $0.34 per share payable December 27, 2012 to stockholders of
record as of the close of business on December 14, 2012.

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global
investment management organization with $541.7 billion in assets under
management as of June 30, 2012. The organization provides a broad array of
mutual funds, subadvisory services, and separate account management for
individual and institutional investors, retirement plans, and financial
intermediaries. The company also offers a variety of sophisticated investment
planning and guidance tools. T. Rowe Price's disciplined, risk-aware
investment approach focuses on diversification, style consistency, and
fundamental research.

SOURCE T. Rowe Price Group, Inc.

Website: http://www.troweprice.com
Contact: Brian Lewbart, +1-410-345-2242, Bill Benintende, +1-410-345-3482, and
Robert Benjamin, +1-410-345-2205, all with T. Rowe Price Group
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