Brandywine Global Adds Two Senior Analysts to Fundamental Equity Team

Brandywine Global Investment Management, LLC (Brandywine Global) today announced that Celia Rodgers and Christy Brenza have joined the Fundamental Equity team. Both Brenza and Rodgers will serve as senior equity analysts, responsible for research across geographies, industries, and market capitalizations in support of the Firms fundamental equity products.

Rodgers, a graduate of the University of Pennsylvania, comes to Brandywine Global after six years at Aberdeen Standard Investments, where she worked on a team managing $17 billion across small-, mid- and large-cap equities. Brenza, who holds an MBA from Duquesne University, brings to Brandywine Global over 18 years of investment research and related experience from institutional investment advisor C.S. McKee, L.P. Both women have earned Chartered Financial Analyst certification.

We are incredibly fortunate to have Celia and Christy joining our team, particularly in a year when we are experiencing net flows into our products, says Patrick Kaser, CFA, managing director and head of the Fundamental Equity team at Brandywine Global. Even more important, they help advance a forward-looking expansion plan for the team. These two analysts are exceptional, both in experience and knowledge. I have no doubt they will fit in well at Brandywine Global, and their contributions to the research and investment process will be significant.

Brandywine Globals Fundamental Equity team manages value-oriented strategies across the full range of market capitalizations, including the flagship Classic Large Cap Value strategy and the competitively differentiated Global Opportunistic Equity and Micro Cap Equity strategies. All of the teams investment strategies focus on bottom-up analysis to identify companies with overlooked or improving fundamental strength, as well as with industry-leading characteristics.

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About Brandywine Global

Brandywine Global Investment Management, LLC (“Brandywine Global”) believes in the power of value investing. Acting with conviction and discipline, Brandywine Global looks beyond short-term, conventional thinking to rigorously pursue long-term value. Since 1986, the Firm has provided a range of differentiated fixed income, equity and alternative solutions to both institutional and retail clients. An independent affiliate of Legg Mason, Brandywine Global manages $73 billion in assets under management as of June 30, 2018, with headquarters in Philadelphia and offices in San Francisco, Montreal1, Toronto1, Singapore2 and London3. Visit www.brandywineglobal.com and the Firms industry-leading Around the Curve blog.

About Legg Mason

Legg Mason, Inc. is a global asset management firm with assets under management of $745 billion as of June 30, 2018. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, MD, and its common stock is listed on the New York Stock Exchange (symbol: LM).

2018 Brandywine Global Investment Management, LLC

1 Brandywine Global Investment Management (Canada), ULC 2 Brandywine Global Investment Management (Asia) Pte. Ltd 3 Brandywine Global Investment Management (Europe)

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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