NEWS RELEASE T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT BALTIMORE (July 13, 2017) – T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $904 billion as of June 30, 2017. Client transfers from mutual funds to other portfolios were $4.2 billion and $7.6 billion for the month- and quarter-ended June 30, 2017, respectively. The firm’s assets under management as of June 30, 2017, and for prior quarter and year-end, by investment vehicle, asset class, and in the firm's retirement date portfolios are as follows: As of Preliminary(a) (in billions) 6/30/2017 3/31/2017 12/31/2016 Sponsored U.S. mutual funds Stock and blended asset $ 446 $ 431 $ 401 Bond and money market 121 118 113 567 549 514 Other investment portfolios Stock and blended asset 254 235 221 Bond, money market, and stable value 83 78 76 337 313 297 Total assets under management $ 904 $ 862 $ 811 Target date retirement portfolios $ 214 $ 203 $ 189 (a) Preliminary - subject to adjustment Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. ### T. ROWE PRICE CONTACTS: Public Relations Brian Lewbart 410-345-2242 brian_lewbart@troweprice.com Investor Relations Teresa Whitaker 410-345-6586 teresa_whitaker@troweprice.com