Janus Reports Restricted Stock and Stock Option Awards to CEO

Company Release - 5/17/2004 6:22 PM ET

DENVER--(BUSINESS WIRE)--May 17, 2004--As required by New York Stock Exchange rules, Janus Capital Group Inc. (NYSE:JNS) today reported awards of restricted stock and stock options made to the company's chairman and CEO, Steve Scheid.

The 54,833 shares of restricted stock granted today have a four-year vesting schedule, beginning March 31, 2005. The 319,019 stock options granted today have an exercise price of $14.59 and a 10-year term. One-fifth of the stock options vest annually, beginning March 31, 2005.

In accordance with NYSE Rule 303A.08, the restricted stock and stock option grants require a public announcement of the awards and written notice to the NYSE.

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.

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

    SOURCE: Janus Capital Group Inc.