Janus Announces September Assets Under Management; Third-Quarter Earnings Presentation Scheduled for Wednesday, October 29

Company Release - 10/8/2003 6:35 PM ET

DENVER--(BUSINESS WIRE)--Oct. 8, 2003--At the close of the market on September 30, 2003, Janus Capital Group Inc. (NYSE:JNS) reported total assets under management of approximately $146.5 billion, which is down 3.6% from the prior month's assets of $152.0 billion. Firmwide average assets under management during September were approximately $151.4 billion compared with August's average assets of $149.4 billion.

At the close of the market on October 7, Janus' assets under management had increased to $152.1 billion, primarily due to market appreciation.

The decrease in assets under management during September was due to three factors: 1) net outflows of $3.4 billion in long-term (non-money market) assets; 2) net outflows of $1.0 billion in institutional money market funds, which typically experience sizeable asset swings; and 3) $1.1 billion in market depreciation. Approximately $314 million of the net outflows can be attributed to the termination of discretionary frequent-trading arrangements.

Third-Quarter Financial Results

Janus Capital Group will release its third-quarter financial results before the market opens on Wednesday, October 29, 2003. The company will discuss its results during a conference call October 29 at 11:00 a.m. Eastern Standard Time. The call-in number will be 877-301-7574. (Anyone outside the U.S. or Canada should call 706-643-3623.) The slides used during the presentation will be available in the Investor Relations section of the Janus Capital Group Web site (www.janus.com) beginning October 29. For those unable to join the conference call at the scheduled time, a replay will be available on www.janus.com.

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. Prior to the close of the DST transaction, Janus Capital Group owns approximately 34% of DST Systems, Inc. The firm also owns 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.

    CONTACT: Janus Capital Group Inc.
             Investor Contact:
             Steve Belgrad, 303-394-7706
                 or
             Media Contact:
             Jane Ingalls, 303-394-7311
             Blair Johnson, 720-210-1439

    SOURCE: Janus Capital Group Inc.