Legg Mason Hosting Conference Call to Discuss Fiscal Third Quarter Operating

    - General Public Invited to Participate Via Special Access Line -

<p><location>BALTIMORE</location>, <chron>Jan. 12</chron> /CNW/ -- Legg Mason, Inc. (NYSE:   LM) will announce operating results for its fiscal 2010 third quarter ended <chron>December 31, 2009</chron> on <chron>Thursday, January 21, 2010</chron> in a press release that will be issued at approximately <chron>7:00 a.m.</chron>, E.S.T.  The press release will also be available on the firm's website at <a href="http://www.leggmason.com">www.leggmason.com</a>.</p>
<p>A conference call to discuss the company's results will be hosted by Mark R. Fetting, chairman and CEO of Legg Mason, Inc., at <chron>8:30 a.m.</chron>, E.S.T.  This call will be open to the general public.  Interested participants can access the conference call by dialing 1-866-814-8470 (or for international calls 1-703-639-1369) at least 10 minutes prior to the scheduled start to ensure connection.</p>
<p>The call will also be accessible through the firm's website at <a href="http://www.leggmason.com">www.leggmason.com</a>.  For those participants unable to listen to the live broadcast of the conference call, a replay will be available on the Legg Mason Web site under the Investor Relations section or by dialing 1-888-266-2081 (or for international calls 1-703-925-2533), access Pin Number 1426214 after the completion of the call.  Please note that the replay will be available beginning at <chron>2:00 p.m.</chron>, E.S.T. on <chron>Thursday, January 21, 2010</chron> and ending on <chron>February 4, 2010</chron>.</p>
<p>Legg Mason, Inc. is a global asset management firm, with <money>$694 billion</money> in assets under management as of <chron>November 30, 2009</chron>.  The company provides active asset management in many 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: Mary Athridge, Corporate Communications of Legg Mason, Inc., +1-212-805-6035 Web Site: http://www.leggmason.com

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