Legg Mason Reports Assets Under Management For January 2013

         Legg Mason Reports Assets Under Management For January 2013

PR Newswire

BALTIMORE, Feb. 11, 2013

BALTIMORE, Feb. 11, 2013 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported
preliminary assets under management of $654 billion as of January 31, 2013.
This month's AUM reflects the previously disclosed $1.0 billion of global
equity redemptions.

LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
(Unaudited)
Assets Under Management
             Preliminary 
             Jan 2013           Dec 2012    Sep 2012    Jun 2012    Mar 2012
Equity       $                  $           $           $           $        
             151.3                  145.5       153.4       151.1       163.4
Fixed Income 365.7              367.0       369.4       360.6       356.1
  Long-Term  517.0              512.5       522.8       511.7       519.5
Liquidity    137.1              136.4       127.9       120.1       123.8
  Total      $                  $           $           $           $        
             654.1                  648.9       650.7       631.8       643.3

About Legg Mason

Legg Mason is a global asset management firm with $654 billion in assets under
management as of January 31, 2013. 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, or
Media: Mary Athridge, +1-212-805-6035, mkathridge@leggmason.com