Legg Mason Canada declares quarterly dividend

    BALTIMORE, MD, April 24 /CNW/ - Legg Mason Canada Holdings Ltd.
(TSX: LMI) is pleased to report that subsequent to a quarterly cash dividend
declared by the board of directors of Legg Mason, Inc. (NYSE:   LM) of U.S.
$0.24 per common share payable on July 9, 2007, to holders of record at the
close of business on June 12, 2007 the board of directors of Legg Mason Canada
has declared a quarterly cash dividend to holders of its exchangeable shares
in the same amount with the same record and payment dates.

    Legg Mason, Inc. is a global asset management firm, structured as a
holding company. The firm is headquartered in Baltimore, Maryland and its
common stock is listed on the New York Stock Exchange (symbol: LM).

For further information:

For further information: Lisa Spector (Legg Mason Canada), (410)

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