Exhibit 99.2
NOTICE OF
GUARANTEED DELIVERY
OFFER TO EXCHANGE
0.8881
SHARES OF COMMON STOCK PLUS $6.25 CASH
FOR
UP TO
21,850,000 UNITS OF ITS OUTSTANDING EQUITY UNITS
IN THE FORM
OF CORPORATE UNITS, STATED AMOUNT $50.00 PER UNIT
(CUSIP
No. 524901303)
for
Legg Mason, Inc.
You must use this form, or a form
substantially equivalent to this form, to accept the Exchange Offer
of Legg Mason, Inc. (the “Company”) made pursuant
to the preliminary prospectus, dated July 15, 2009 (together with
any subsequent preliminary or final prospectus, the
“Prospectus”), if the procedure for book-entry transfer
cannot be completed on a timely basis or time will not permit
all required documents to reach MacKenzie Partners, Inc., as
information and exchange agent (the “Information and Exchange
Agent”), prior to 12:01 a.m., New York City time, on the
Expiration Date of the Exchange Offer. This form may be delivered
or transmitted by facsimile transmission, mail or hand delivery to
the Information and Exchange Agent as set forth below. In addition,
in order to utilize the guaranteed delivery procedure to tender
outstanding Corporate Units (the “Corporate Units”)
pursuant to the Exchange Offer, a Letter of Transmittal (or
facsimile thereof) or an electronic confirmation pursuant to The
Depository Trust Company’s ATOP system, with any required
signature guarantees and any other required documents must also be
received by the Information and Exchange Agent prior to 12:01 a.m.,
New York City time, on the Expiration Date. Capitalized terms not
defined herein are defined in the Prospectus.
Delivery To:
