Janus Capital Group Appoints Girard Miller as Chief Operating Officer

Company Release - 6/18/2003 4:00 PM ET

DENVER--(BUSINESS WIRE)--June 18, 2003--Janus Capital Group Inc. (NYSE: JNS) today announced that Girard Miller, president and CEO of the ICMA Retirement Corporation, has been appointed executive vice president and chief operating officer of Janus effective June 30, 2003. Miller, who is 52 and has 30 years experience in investment services and financial management, will report to Janus Capital Group President and CEO Mark Whiston.

In announcing the appointment, Whiston said he was particularly impressed by Miller's success in transforming ICMA Retirement Corporation (ICMA-RC) into a well-respected and successful investment company in the highly competitive public sector market.

"Girard's strong leadership skills and proven ability to enhance operating margins will be a distinct asset as we create an even more competitive and profitable business model for Janus," Whiston said. "As I continue to focus on improving fund performance and broadening our product lineup, Girard will play a key role in implementing our strategy, orchestrating the operational aspects of our business and ensuring that Janus runs efficiently."

As COO, Miller will direct all of Janus Capital Group's day-to-day operations except its investment management subsidiaries and institutional sales department. His responsibilities will include Finance, Marketing, Investor Operations, Information Technology, Legal, Compliance, Corporate Affairs/Governance and Human Resources.

"As one of Janus' longtime institutional clients, I've had a unique perspective on the company and consider it a very strong franchise with an exceptional management team," Miller said. "I'm impressed with the direction Mark and his team are taking the company and I welcome the chance to work with them to build on Janus' solid foundation."

ICMA-RC, which is based in Washington, D.C., manages and administers retirement plans for state and local governments throughout the United States.

Under Miller's leadership during the last 10 years, ICMA-RC's retirement plan assets increased from $3 billion to $17 billion - a compound annual growth rate of approximately 20%. During his tenure, ICMA-RC's financial strength and operating efficiency also improved dramatically.

From 1987 to 1993, Miller worked at Fidelity Investments in Boston, where he served as senior vice president and head of the company's national business unit for public funds, including defined benefit and defined contribution retirement plans and treasury management products.

Miller holds master's degrees in public administration from Syracuse University and in economics from Wayne State University and a bachelor's degree in political economy from the University of Washington. He also has earned the right to use the Chartered Financial Analyst designation.

In addition to announcing Miller's appointment, Whiston provided an update on Janus' search for a chief investment officer.

"We're interviewing CIO candidates who could also serve as president, reflecting the vital role this person will play in leading the company's investment team and representing Janus in the marketplace," Whiston said. "We're being very deliberate in our search and, based on the high-caliber people we've seen, are confident that we'll attract the right person."

About Janus Capital Group Inc.

Based in Denver, Colorado, Janus Capital Group Inc. is a leading asset manager offering individual investors and institutional clients complementary asset management disciplines through the firm's global distribution network.

Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH) and Bay Isle Financial LLC. Janus Capital Group owns approximately 33% of DST Systems, Inc. (NYSE: DST) and 30% of Perkins, Wolf, McDonnell and Company, LLC.

This press release includes statements concerning potential future events involving Janus Capital Group Inc. that could differ materially from the events that actually occur. The differences could be caused by a number of factors including those factors identified in Janus' Annual Report on Form 10-K for the year ended December 31, 2002 on file with the Securities and Exchange Commission (Commission file no. 001-15253). Janus will not update any forward-looking statement made in this press release to reflect future events or developments.

For a Janus funds prospectus, please call Janus at 800-525-3713 or download the file from janus.com. The prospectus contains more information, including charges, risks and expenses. Read it carefully before you invest or send money.

    Janus funds are distributed by Janus Distributors LLC. (6/03)
    CONTACT: Janus Capital Group Inc.Blair Johnson, 720/210-1439
             Shelley Peterson, 303/316-5625

    SOURCE: Janus Capital Group Inc.