POWER OF ATTORNEY
Know all by these present that the undersigned hereby constitutes and
appoints each of Thomas C Merchant and Elisabeth F
Craig or any of them signing singly and with full power of
substitution the undersigneds true and lawful attorney in fact to
1 prepare execute and file with the US Securities and Exchange
Commission SEC for and on behalf of the undersigned in the
undersigneds capacity as an executive officer of Legg Mason Inc
the Company Forms 3 4 and 5 in accordance with Section 16
of the Securities Exchange Act of 1934 and the rules thereunder
2 do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and
execute any such Form 3 4 or 5 complete and execute any amendment
or amendments thereto and timely file such form with the SEC and
any stock exchange or similar authority and 3 take any other
action of any type whatsoever in connection with the foregoing
which in the opinion of such attorney in fact may be of benefit
to in the best interest of or legally required by the undersigned
it being understood that the documents executed by such attorney
in fact on behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms and
conditions as such attorney in fact may approve in such attorney
in facts discretion The undersigned hereby grants to each such
attorney infact full power and authority to do and perform any
and every act and thing whatsoever requisite necessary or
proper to be done in the exercise of any of the rights and
powers herein granted as fully to all intents and purposes
as the undersigned might or could do if personally present
with full power of substitution or revocation hereby ratifying
and confirming all that such attorney in fact or such attorney
in facts substitute or substitutes shall lawfully do or cause
to be done by virtue of this power of attorney and the rights
and powers herein granted The undersigned acknowledges that
the foregoing attorneys in fact in serving in such capacity
at the request of the undersigned are not assuming nor is
the Company assuming any of the undersigneds responsibilities
to comply with Section 16 of the Securities Exchange Act of 1934
This Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms
3 4 and 5 with respect to the undersigneds holdings
of and transactions in securities issued by the Company
unless earlier revoked by the undersigned in a signed
writing delivered to the foregoing attorneys in fact
IN WITNESS WHEREOF the undersigned has caused this
Power of Attorney to be executed as of this 2 day of April 2013
signature Terence Johnson
Terence Johnson