Corporate Webcast

  • First Quarter Net Income of $48 million, or $0.30 per Diluted Share
  • $1.3 Billion Closed-End Fund Raise Resulted in $0.07 per Diluted Share of Related Expenses
  • First Quarter Adjusted Income of $96 Million, or $0.60 per Diluted Share
  • Assets Under Management of $645 Billion

July 26, 2010 - A conference call to discuss the Company's results, hosted by Mark R. Fetting, will be held at 5:00 PM E.T.

Live participation - 5:00 PM E.T., July 26
U.S. 877.269.7756
International 201.689.7817

or

Replay
A replay or transcript of the live broadcast will be available on the Legg Mason website, in the investor relations section, or by dialing 1-877-660-6853 (or for international calls 1-201-612-7415), please enter account number 369 and replay ID number 353728 when prompted. Please note that the replay will be available beginning at 11:00 p.m., E.D.T. on Monday, July 26, 2010 and ending on Monday, August 9, 2010.

For Further Information:

Alan Magleby
Investor Relations
Legg Mason
410.454.5246

Mary Athridge
Media Relations
Legg Mason
212.805.6035

This release is only available as an Adobe Acrobat file. If you do not have the Adobe Acrobat Reader it is available from the Adobe website.