Legg Mason Announces Quarterly Dividend


<p><location>BALTIMORE</location>, <chron>Jan. 26</chron> /CNW/ -- Legg Mason, Inc. (NYSE:   LM) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock in the amount of <money>$0.03</money> per share. The dividend is payable on <chron>April 12, 2010</chron> to shareholders of record at the close of business on <chron>March 11, 2010</chron>.</p>

    About Legg Mason

<p>Legg Mason is a global asset management firm, with <money>$682 billion</money> in assets under management at <chron>December 31, 2009</chron>.  The Company provides active asset management in major investment centers throughout the world. Legg Mason is headquartered in <location>Baltimore</location>, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).</p>


For further information: For further information: Maria Rosati, Corporate Communications of Legg Mason, Inc., +1-212-805-6036, mrosati@leggmason.com Web Site: http://www.leggmason.com

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