Legg Mason Reports Assets Under Management For December 2012

         Legg Mason Reports Assets Under Management For December 2012

PR Newswire

BALTIMORE, Jan. 11, 2013

BALTIMORE, Jan. 11, 2013 /PRNewswire/ --Legg Mason, Inc. (NYSE: LM) reported
preliminary assets under management of $648 billion as of December 31,
2012.This quarter's fixed income AUM includes a $2.4 billion redemption from a
large state pension client.

LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
(Unaudited)
Assets Under Management
             Preliminary
             Dec 2012        Sep 2012     Jun 2012     Mar 2012     Dec 2011
Equity       $    144.8  $         $         $         $   
                             153.4       151.1       163.4       153.3
Fixed Income 366.7           369.4        360.6        356.1        352.6
  Long-Term 511.5           522.8        511.7        519.5        505.9
Liquidity    136.4           127.9        120.1        123.8        121.1
  Total      $    647.9  $         $         $         $   
                             650.7       631.8       643.3       627.0

About Legg Mason

Legg Mason is a global asset management firm with $648 billion in assets under
management as of December 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.

Website: http://www.leggmason.com
Contact: Investors: Alan Magleby, +1-410-454-5246, afmagleby@leggmason.com;
Media: Mary Athridge, +1-212-805-6035, mkathridge@leggmason.com