2013-02-07 22:03:16 -

New York, NY, February 7, 2013:  Pzena Investment Management, Inc. (NYSE: PZN)
today reported its preliminary assets under management as of January 31, 2013.

AUM for month-end January 2013, month-end December 2012, and month-end January
2012 are listed below:

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

  As of    As of    As of

  January 31, 2013   December 31, 2012   January 31, 2012

U.S. Value  $                     
 $                       $
Strategies 12.0 10.9 8.3

Global Value
Strategies 4.2 4.0 4.0

Value 2.4   2.2   2.1

   Total  $                     
 $                       $
18.6 17.1 14.4

Institutional  $                     
 $                       $
Accounts 12.0 11.2 12.0

Accounts 6.6 5.9 2.4

   Total  $                     
 $                       $
18.6 17.1 14.4


     (1)  Numbers may be subject to rounding.

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

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.

Among the factors that could cause actual results to differ from those expressed
or implied by a forward-looking statement are those described in the sections
entitled "Risk Factors" and "Management's Discussion and Analysis of
Condition and Results of Operations" in the Company's Annual Report on Form 10-
K, as filed with the SEC on March 14, 2012 and in the Company's Quarterly
Reports on Form 10-Q as filed with the SEC.  In light of these risks,
uncertainties, assumptions, and factors, actual results could differ materially
from those expressed or implied in the forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date stated, or if no date is stated, as of the date of
this release.

The Company is not under any obligation and does not intend to make publicly
available any update or other revisions to any forward-looking statements to
reflect circumstances existing after the date of this release or to reflect the
occurrence of future events even if experience or future events make it clear
that any expected results expressed or implied by those forward-looking
statements will not be realized.

Contact: Gary Bachman, 212-355-1600 or


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