Pzena Investment Management: PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES SEPTEMBER 30, 2013 ASSETS UNDER MANAGEMENT

   Pzena Investment Management: PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES
                  SEPTEMBER 30, 2013 ASSETS UNDER MANAGEMENT

New York, NY, October 7, 2013: Pzena Investment Management, Inc. (NYSE: PZN)
today reported its preliminary assets under management as of September 30,
2013. 

AUM for month-end September 2013, month-end August 2013, and month-end
September 2012 are listed below:

                      Pzena Investment Management, Inc.
                         Assets Under Management (1)
                                 ($ billions)

                      As of                    As of                    As of
                September 30, 2013         August 31, 2013          September 30, 2012
U.S. Value    $     $     $
Strategies    13.8                       13.6                       10.7
Global Value      
Strategies    5.6                        5.3                        4.1
Non-U.S.            
Value         2.9                       2.7                       2.0
Strategies
 Total      $     $     $
              22.3                       21.6                       16.8
                                                               
Institutional $     $     $
Accounts      14.3                       13.8                       11.2
Retail            
Accounts      8.0                        7.8                        5.6
 Total      $     $     $
              22.3                       21.6                       16.8
 _____________________________                                
(1) Numbers may be subject to rounding. During 2013, approximately $0.1 billion of
previously reported assets under management in U.S. Value Strategies has been reclassified
to Global Value Strategies. Historical information has been reclassified for all periods
presented.



About Pzena
Pzena Investment Management, LLC, the firm's operating company, is a
value-oriented investment management firm. Founded in 1995, Pzena Investment
Management has built a diverse, global client base. More firm and stock
information is posted at www.pzena.com.

Forward-Looking Statements
This press release may contain, in addition to historical information,
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based on
the Company's current assumptions, expectations and projections about future
events. Words like "believe," "anticipate," "intend," "estimate," "expect,"
"project," and similar expressions are used to identify forward-looking
statements, although not all forward-looking statements contain these words.
These forward-looking statements are necessarily estimates reflecting the best
judgment of the Company's management and involve a number of risks,
uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied by the forward-looking statements.

Among the  factors  that could  cause  actual  results to  differ  from  those 
expressed or implied by a forward-looking statement are those described in the
sections entitled "Risk Factors" and "Management's Discussion and Analysis  of 
Financial Condition and Results of Operations" in the Company's Annual  Report 
on Form 10-K, as  filed with the SEC  on March 12, 2013  and in the  Company's 
Quarterly Reports on  Form 10-Q  as filed  with the  SEC. In  light of  these 
risks, uncertainties, assumptions,  and factors, actual  results could  differ 
materially from those expressed or implied in the forward-looking  statements. 
You are  cautioned  not  to  place undue  reliance  on  these  forward-looking 
statements, which speak only as of the  date stated, or if no date is  stated, 
as of the date of this release.

The Company is not under any obligation  and does not intend to make  publicly 
available any update or other  revisions to any forward-looking statements  to 
reflect circumstances existing after  the date of this  release or to  reflect 
the occurrence of future  events even if experience  or future events make  it 
clear that any expected results expressed or implied by those  forward-looking 
statements will not be realized.

Contact: Gary Bachman, 212-355-1600 or bachman@pzena.com.



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Source: Pzena Investment Management via Thomson Reuters ONE
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