Legg Mason Accelerates Dividend from January to December

Legg Mason, Inc. LM announced today that its Board of Directors approved an amendment to the payment date for the Company's quarterly cash dividend on its common stock in the amount of $0.11 per share. The dividend was previously declared by the Company on October 26, 2012. The dividend will now be payable on December 28, 2012, rather than the previously announced payment date of January 7, 2013. No changes have been made to the record date, December 12, 2012, or amount of this previously declared quarterly cash dividend. This action reflects Legg Mason's ongoing commitment to return capital to shareholders through dividends and share repurchases.