Janus Sells Remaining 9% Stake in DST Systems, Inc.

Company Release - 6/16/2004 9:11 AM ET

DENVER--(BUSINESS WIRE)--June 16, 2004--Janus Capital Group Inc. (NYSE:JNS) announced today that it has sold its remaining 7.4 million shares of common stock of DST Systems, Inc. Janus received proceeds of $336 million on a pretax basis ($208 million after taxes). The transaction will result in a second quarter gain of $228 million, or $100 million after taxes.

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 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, 2003 (Commission file no. 001-15253) and Form S-4 filed June 10, 2004 (Commission file no. 333-116379), which are on file with the Securities and Exchange Commission. Janus will not update any forward-looking statement made in this press release to reflect future events or developments.

    CONTACT: Janus Capital Group Inc., Denver
             Investor Relations Contact:
             Steve Belgrad, 303-394-7706
             Media Contact:
             Shelley Peterson, 303-316-5625

    SOURCE: Janus Capital Group Inc.