T. Rowe Price Group Stockholders Reelect Board of Directors, Approve Charter Amendment...

T. Rowe Price Group Stockholders Reelect Board of Directors, Approve Charter
Amendment to Increase Authorized Common Shares

BALTIMORE, April 10 /PRNewswire-FirstCall/ -- At its annual meeting today,
stockholders of T. Rowe Price Group, Inc. (Nasdaq: TROW) reelected all nine
nominees to the Board of Directors. Stockholders also approved a charter
amendment to increase the authorized shares of common stock of the company
from 500,000,000 to 750,000,000, and ratified the reappointment of KPMG LLP as
the Company's independent registered public accounting firm.
Founded in 1937, Baltimore-based T. Rowe Price is a global investment
management organization with $400 billion in assets under management as of
December 31, 2007. The organization 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. More
information is available at www.troweprice.com.
SOURCE T. Rowe Price Group, Inc.

Brian Lewbart, +1-410-345-2242, Steven Norwitz, +1-410-345-2124, or Robert
Benjamin, +1-410-345-2205, all of T. Rowe Price Group, Inc.