Janus Confirms Previously Disclosed Stock Option Award

Company Release - 4/28/2004 7:51 PM ET

DENVER--(BUSINESS WIRE)--April 28, 2004--To comply with New York Stock Exchange (NYSE) rules, Janus Capital Group Inc. (NYSE:JNS) today confirmed a previously disclosed stock option award made to Janus President and Chief Investment Officer Gary Black.

The company granted Black stock options representing 1,125,176 shares of Janus common stock as an employment-inducement award that is part of his previously reported employment agreement. This is not a new or additional stock award for Black, who joined Janus on April 26, 2004.

In accordance with NYSE Rule 303A.08, the stock option grant requires a public announcement of the award and written notice to the NYSE.

The stock options, which were granted on April 26, 2004, have an exercise price of $15.48 and a 10-year term. The options vest over three years beginning December 31, 2004.

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), Bay Isle Financial LLC and Capital Group Partners. Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC and approximately 9% of DST Systems, Inc.

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, 2003, 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 Relations Contact:
             Steve Belgrad, 303-394-7706
                 or
             Media Contact:
             Jane Ingalls, 303-394-7311

    SOURCE: Janus Capital Group Inc.