T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JANUARY 2025

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.65trillion as of January31, 2025. Preliminary net outflows forJanuary 2025were $2.1 billion.

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The below table shows the firm's assets under management as of January31, 2025, and for the prior year-end by asset class and in the firm's target date retirement portfolios.

As of Preliminary(a)(in billions) 1/31/2025 12/31/2024Equity $ 854 $ 830Fixed income, including money market 190 188Multi-asset 553 536Alternatives 53 53Total assets under management $ 1,650 $ 1,607Target date retirement portfolios $ 492 $ 476(a) Preliminary – subject to adjustment

About T. Rowe Price

Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages $1.65 trillion in assets under management as of January31, 2025. About two-thirds of the assets under management are retirement-related. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

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SOURCE T. Rowe Price Group

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