T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JUNE 2023

BALTIMORE, July 13, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40 trillion as of June 30, 2023. Preliminary net outflows were $6.7 billion for June 2023 and $20.0 billion for the quarter-ended June 2023.

The below table shows the firm's assets under management as of June 30, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.

^{(a) Preliminary - subject to adjustment}

T. Rowe Price will release Q2 2023 earnings on Friday, July 28, 2023 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com

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 organization 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.

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SOURCE T. Rowe Price Group, Inc.