Janus Capital Group Announces Proposed Senior Notes Offering

Company Release - 6/5/2007 1:56 PM ET


Janus Capital Group Inc. (NYSE: JNS) announced today that it intends to offer, subject to market and other considerations, up to $750 million aggregate principal amount of new senior notes. Janus may use the net proceeds of the proposed debt offering, together with other funds available to it, for one or more of the following purposes:

-- the repayment or repurchase of outstanding debt, which may include paying the redemption price of approximately $160.0 million on June 26, 2007 with respect to the 7.875% Public Income Notes(PINES(R)) due April 15, 2032 that it irrevocably called for redemption on May 24, 2007;

-- the financing of possible acquisitions, investments in third parties or increased investments in its existing subsidiaries or affiliates;

-- the repurchase of shares of its common stock, subject to market, business and other conditions; and

-- other general corporate purposes, including investments in its developing products and the payment of fees and expenses related to this offering.

"The proposed offering represents a great opportunity for Janus to access attractive capital markets and retain financial flexibility while remaining investment grade, a rating to which we are firmly committed," said Greg Frost, Janus' Chief Financial Officer.

Citi and Merrill Lynch & Co. are expected to act as Joint Book-Running Managers of the proposed offering. A copy of the prospectus supplement and prospectus relating to the offering may be obtained when available from Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Attention: Prospectus Department; telephone: 800-831-9146 or Merrill Lynch & Co., 4 World Financial Center, 250 Vesey Street, New York, NY 10080, Attention: Prospectus Department; telephone: 212-449-1000.

The new debt securities will be offered pursuant to an effective automatic shelf registration statement filed by Janus today. These securities may not be sold nor may offers to buy be accepted prior to the time that the prospectus supplement and related prospectus are delivered in final form. This press release is for informational purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security.

About Janus Capital Group Inc.

Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) is a recognized leader of growth and risk-managed investment strategies. Our commitment to deliver for investors is rooted in our research-intensive approach and relentless passion to gain a competitive edge.

At the end of March 2007, Janus managed $176.2 billion in assets for more than four million shareholders, clients and institutions around the globe. Outside the U.S., Janus has offices in London, Tokyo, and Hong Kong. Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH) and Capital Group Partners, Inc. (doing business as Rapid Solutions Group). In addition, Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC.

Source: Janus Capital Group Inc.

Contact: Janus Capital Group Inc. James Aber, 303-336-4513 or Shelley Peterson, 303-316-5625