Pzena Investment Management, Inc. (NYSE: PZN) today reported its preliminary assets under management as of May 31, 2010.

AUM for month-end May 2010, month-end April 2010, and month-end May 2009 are listed below:

Pzena Investment Management, Inc.Assets Under Management (¹)

($ billions)
As of As of As of
May 31, 2010 April 30, 2010 May 31, 2009
U.S. Value Strategies $ 9.7 $ 10.7 $ 8.0
Global Value Strategies 2.6 2.9 2.0

EAFE (²) Value Strategies
  1.7   2.0   0.8
Total $ 14.0 $ 15.6 $ 10.8
Institutional Accounts $ 10.6 $ 11.8 $ 7.7
Retail Accounts   3.4   3.8   3.1
Total $ 14.0 $ 15.6 $ 10.8

Numbers may be subject to rounding. In September 2009, the Company changed the classification of itsassets under management to Institutional Accounts and Retail Accounts. Historical information has beenreclassified for all periods presented.
(2) Europe, Australasia, and Far East.

About Pzena

Pzena Investment Management, LLC, the firm’s operating company, is a value-oriented investment management firm. Founded in 1995, Pzena Investment Management has built a diverse, global client base. More firm and stock information is posted at www.pzena.com.

Forward-Looking Statements

This press release may contain, in addition to historical information, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the company's current assumptions, expectations and projections about future events. Words like “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of the company's management and involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.