Release Details

BALTIMORE (February 15, 2007) - The Board of Directors of T. Rowe Price Group (NASDAQ, TROW) today approved a 15 million share increase in the company’s authorization to repurchase its common shares. This brings the total repurchase authorization to 18.8 million shares.

Founded in 1937, Baltimore-based T. Rowe Price 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.  More information is available at www.troweprice.com.