Janus Announces March Assets under Management; First-Quarter Earnings

    Business Editors

    DENVER--(BUSINESS WIRE)--April 11, 2005--For the month ended March 31, 2005, Janus Capital Group Inc. (NYSE:JNS) reported total assets under management of approximately $132.2 billion, which is down from the prior month's assets of $134.4 billion. This decrease of 1.6% reflects March's challenging market environment, which saw the S&P 500 and Nasdaq composite indexes lose 1.8% and 2.6%, respectively, during the month. Firmwide average assets under management during March were approximately $133.3 billion compared with February's average assets of $134.4 billion, a decrease of 0.8%. Excluding money markets, average assets in March were $124.5 billion.
    Total long-term (non-money market) net outflows were $0.6 billion for the month, which is unchanged from February. The second and final phase of the previously disclosed ING redemption, which was expected to happen in March, will now occur in April and is estimated to be approximately $2.2 billion.
    Janus' relative mutual fund performance remained strong in March. As of March 31, approximately 68% of the funds in the company's primary fund family, Janus Investment Fund (JIF), were in the top half of their Lipper categories on a three-year, total-return basis. In addition, more than 65% of the JIF funds were in the top half of their Lipper categories on a one-year period, based on total-returns. The relative performance of Janus' growth and core equity funds continued to be strong, with 83% and 73% of those funds ranking in Lipper's top quartile on a one- and three-year total return basis, respectively. (See Exhibit 2).

    First-Quarter Financial Results

    Janus Capital Group will release its first-quarter financial results before the market opens on Wednesday, April 20. The company will discuss its results during a conference call April 20 at 10:00 a.m. Eastern Daylight 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) approximately one hour before the call. For those unable to join the conference call at the scheduled time, an audio replay will be available on www.janus.com.
    The attached Exhibit 1 shows Janus' assets and flows by investment discipline for the first quarter of 2005. Exhibit 2 provides detailed Lipper rankings for the JIF funds.
    Please note that this release marks the final monthly disclosure of Janus' assets under management and flows. As first announced in January 2005, this information will now be reported on a quarterly basis as part of Janus' earnings news release.

    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 Capital Group Partners, Inc. Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC.

    Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call Janus at 800-525-3713 or download the file from janus.com. Read it carefully before you invest or send money.
    Past performance is no guarantee of future results.
    The S&P 500 Index is the Standard & Poor's composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices.
    The National Association of Securities Dealers Automated Quotation System is a nationwide computerized quotation system for over 5,500 over-the-counter stocks. The index is compiled of more than 4,800 stocks that are traded via this system.
    Theses indexes are not available for direct investment; therefore their performance does not reflect the expenses associated with the active management of an actual portfolio.
    Funds distributed by Janus Distributors LLC (04/05)

    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, 2004, on file with the Securities and Exchange Commission (Commission file no. 001-15253). Many of these factors are beyond the control of the company and its management. Any forward-looking statements contained in this release are as of the date on which such statements were made. The company assumes no duty to update them, even if experience, unexpected events, or future changes make it clear that any projected results express or implied therein will not be realized.

    Exhibit 1

JANUS CAPITAL GROUP INC. ASSETS & FLOWS BY INVESTMENT DISCIPLINE (dollars in billions)

Three Months One Month Ended Ended ------------------------------ --------- Jan. 31, Feb. 28, March 31, March 31, 2005 2005 2005 2005 --------- --------- ---------- --------- Growth Equity Beginning of period assets $69.0 $65.4 $65.4 $69.0 Sales 0.9 0.6 0.5 1.9 Redemptions 2.1 1.5 1.5 5.1 --------- --------- ---------- --------- Net Sales (redemptions) (1.2) (0.9) (1.0) (3.1) Market appreciation (2.5) 0.9 (0.7) (2.3) --------- --------- ---------- --------- End of period assets $65.4 $65.4 $63.6 $63.6 ========= ========= ========== =========

Mathematical/Quantitative Beginning of period assets $25.8 $26.0 $27.2 $25.8 Sales 0.8 0.7 0.9 2.4 Redemptions 0.1 0.1 0.2 0.4 --------- --------- ---------- --------- Net Sales (redemptions) 0.7 0.6 0.7 2.0 Market appreciation (0.5) 0.6 - 0.2 --------- --------- ---------- --------- End of period assets $26.0 $27.2 $28.0 $28.0 ========= ========= ========== =========

Fixed Income Beginning of period assets $6.2 $6.1 $6.0 $6.2 Sales 0.1 0.1 0.1 0.4 Redemptions 0.2 0.1 0.2 0.5 --------- --------- ---------- --------- Net Sales (redemptions) (0.1) - (0.1) (0.2) Market appreciation - - (0.1) (0.1) --------- --------- ---------- --------- End of period assets $6.1 $6.0 $5.9 $5.9 ========= ========= ========== =========

Core/Blend Beginning of period assets $17.4 $16.8 $16.8 $17.4 Sales 0.2 0.2 0.2 0.7 Redemptions 0.4 0.5 0.4 1.4 --------- --------- ---------- --------- Net Sales (redemptions) (0.2) (0.3) (0.2) (0.7) Market appreciation (0.4) 0.3 (0.2) (0.3) --------- --------- ---------- --------- End of period assets $16.8 $16.8 $16.4 $16.4 ========= ========= ========== =========

Value Beginning of period assets $9.8 $9.6 $10.0 $9.8 Sales 0.4 0.3 0.3 0.9 Redemptions 0.3 0.2 0.4 0.9 --------- --------- ---------- --------- Net Sales (redemptions) 0.1 0.1 (0.1) 0.1 Market appreciation (0.3) 0.4 (0.1) (0.1) --------- --------- ---------- --------- End of period assets $9.6 $10.0 $9.8 $9.8 ========= ========= ========== =========

Money Market Beginning of period assets $10.8 $8.9 $9.0 $10.8 Sales 3.9 4.3 4.2 12.3 Redemptions 5.7 4.2 4.7 14.6 --------- --------- ---------- --------- Net Sales (redemptions) (1.8) 0.1 (0.5) (2.3) Market appreciation - - - - --------- --------- ---------- --------- End of period assets $8.9 $9.0 $8.5 $8.5 ========= ========= ========== =========

Total Beginning of period assets $139.0 $132.7 $134.4 $139.0 Sales 6.3 6.1 6.2 18.6 Redemptions 8.8 6.7 7.3 22.8 --------- --------- ---------- --------- Net Sales (redemptions) (2.5) (0.6) (1.1) (4.2) Market appreciation (3.7) 2.2 (1.1) (2.6) --------- --------- ---------- --------- End of period assets $132.7 $134.4 $132.2 $132.2 ========= ========= ========== =========

Total Excluding Money Markets Beginning of period assets $128.2 $123.8 $125.4 $128.2 Sales 2.4 1.9 2.0 6.3 Redemptions 3.1 2.5 2.6 8.2 --------- --------- ---------- --------- Net Sales (redemptions) (0.7) (0.6) (0.6) (1.9) Market appreciation (3.7) 2.2 (1.1) (2.6) --------- --------- ---------- --------- End of period assets $123.8 $125.4 $123.7 $123.7 ========= ========= ========== =========

Total Excluding Mathematical/ Quantitative & Money Markets Beginning of period assets $102.4 $97.8 $98.2 $102.4 Sales 1.6 1.2 1.1 3.9 Redemptions 3.0 2.4 2.5 7.8 --------- --------- ---------- --------- Net Sales (redemptions) (1.4) (1.2) (1.3) (3.9) Market appreciation (3.2) 1.6 (1.1) (2.7) --------- --------- ---------- --------- End of period assets $97.8 $98.2 $95.7 $95.7 ========= ========= ========== =========

Each line has been rounded on the schedule individually to increase the accuracy of the amounts presented. Therefore totals and subtotals may not foot.

    Exhibit 2

Janus Investment Fund

Lipper Rankings Based on Total Returns as of 3/31/05 ----------------------------------------- 1-Year 3-Year --------------------- ------------------- Percentile Rank / Percentile Rank / Lipper Rank (%) Total Rank (%) Total Category Funds Funds -------- ---------- ------ ---------- ------ Growth Funds ---------------------------------------------------------------------- Janus Enterprise Mid-Cap Fund Growth Funds 12 59/530 8 33/426 Janus Fund Large-Cap Growth Funds 14 86/652 42 226/547 Janus Mercury Large-Cap Fund Growth Funds 18 114/652 13 66/547 Janus Olympus Multi-Cap Fund Growth Funds 41 177/432 74 271/368 Janus Orion Multi-Cap Fund Growth Funds 9 36/432 13 47/368 Janus Twenty Large-Cap Fund(1) Growth Funds 2 10/652 3 11/547 Janus Venture Small-Cap Fund(1) Growth Funds 16 77/512 13 54/427 ---------------------------------------------------------------------- Core Funds ---------------------------------------------------------------------- Janus Balanced Balanced Fund Funds 40 235/594 49 216/446 Janus Core Large-Cap Equity Fund Core Funds 4 35/908 15 109/774 Janus Growth and Income Large-Cap Fund Core Funds 8 71/908 21 156/774 Janus Risk- Managed Stock Multi-Cap Fund Core Funds 4 24/728 - - Janus Contrarian Multi-Cap Fund Core Funds 3 15/728 4 20/523 ---------------------------------------------------------------------- Income Funds ---------------------------------------------------------------------- Janus Federal Tax-Exempt General Muni Fund(2) Debt Funds 92 261/284 75 194/261 Janus Flexible Intermediate Bond Fund(3) Inv Grade Debt Funds 74 340/459 14 51/389 Janus High- High Current Yield Fund Yield Funds 56 230/415 82 287/350 Janus Short- Short Term Bond Investment Fund Grade Debt Funds 42 85/206 45 62/139 ---------------------------------------------------------------------- International/ Global Funds ---------------------------------------------------------------------- Janus Global Health/ Life Sciences Biotechnology Fund Funds 24 43/179 41 63/155 Janus Global Opportunities Fund Global Funds 48 149/315 32 82/259 Janus Global Science & Technology Technology Fund Funds 53 156/294 59 162/276 Janus Overseas International Fund Funds 91 765/845 67 472/708 Janus Worldwide Fund Global Funds 95 298/315 99 255/259 ---------------------------------------------------------------------- Value Funds ---------------------------------------------------------------------- Janus Mid Cap Value Fund - Mid-Cap Value Inv(4) Funds 56 126/228 42 73/177 Janus Small Cap Value Fund - Small-Cap Inv.(1,4) Core Funds 52 293/572 72 337/472 ----------------------------------------------------------------------

Lipper Rankings Based on Total Returns as of 3/31/05 ----------------------------------------- 5-Year 10-Year --------------------- ------------------- Percentile Rank / Percentile Rank / Lipper Rank (%) Total Rank (%) Total Category Funds Funds -------- ---------- ------ ---------- ------ Growth Funds ---------------------------------------------------------------------- Janus Enterprise Mid-Cap Fund Growth Funds 92 264/288 59 65/110 Janus Fund Large-Cap Growth Funds 64 270/426 38 52/138 Janus Mercury Large-Cap Fund Growth Funds 82 347/426 3 4/138 Janus Olympus Multi-Cap Fund Growth Funds 73 179/245 - - Janus Orion Multi-Cap Fund Growth Funds - - - - Janus Twenty Large-Cap Fund(1) Growth Funds 79 334/426 1 1/138 Janus Venture Small-Cap Fund(1) Growth Funds 71 224/316 37 31/83 ---------------------------------------------------------------------- Core Funds ---------------------------------------------------------------------- Janus Balanced Balanced Fund Funds 63 229/364 8 12/166 Janus Core Large-Cap Equity Fund Core Funds 30 176/596 - - Janus Growth and Income Large-Cap Fund Core Funds 65 386/596 3 5/229 Janus Risk- Managed Stock Multi-Cap Fund Core Funds - - - - Janus Contrarian Multi-Cap Fund Core Funds 20 70/360 - - ---------------------------------------------------------------------- Income Funds ---------------------------------------------------------------------- Janus Federal Tax-Exempt General Muni Fund(2) Debt Funds 89 203/228 76 109/144 Janus Flexible Intermediate Bond Fund(3) Inv Grade Debt Funds 63 168/267 8 10/136 Janus High- High Current Yield Fund Yield Funds 38 108/284 - - Janus Short- Short Term Bond Investment Fund Grade Debt Funds 57 60/105 32 18/56 ---------------------------------------------------------------------- International/ Global Funds ---------------------------------------------------------------------- Janus Global Health/ Life Sciences Biotechnology Fund Funds 88 67/76 - - Janus Global Opportunities Fund Global Funds - - - - Janus Global Science & Technology Technology Fund Funds 58 82/141 - - Janus Overseas International Fund Funds 83 425/512 5 8/171 Janus Worldwide Fund Global Funds 92 176/192 33 20/61 ---------------------------------------------------------------------- Value Funds ---------------------------------------------------------------------- Janus Mid Cap Value Fund - Mid-Cap Value Inv(4) Funds 26 26/100 - - Janus Small Cap Value Fund - Small-Cap Inv.(1,4) Core Funds 18 57/323 - - ----------------------------------------------------------------------

Percent of JIF Funds per Lipper Quartile based on Total Returns ------------------------------------------------- 1-Year 3-Year 5-Year 10-Year ---------------------------------------------------------------------- 1st Quartile 47.9% 40.9% 10.0% 50.0% 2nd Quartile 17.4 27.3 15.0 33.4 3rd Quartile 21.7 22.7 40.0 8.3 4th Quartile 13.0 9.1 35.0 8.3 ----------------------------------------------------------------------

    Past performance is no guarantee of future results.
    Lipper Inc. - A Reuters Company, is a nationally recognized organization that ranks the performance of mutual funds within a universe of funds that have similar investment objectives. Rankings are historical with capital gains and dividends reinvested.
    Call 800-525-3713 for current month end performance.
    Funds not ranked by Lipper are not included in percentages disclosed on page 1. Rankings exclude money market funds.
    A fund's performance may be affected by risks that include those associated with non-diversification, investments in foreign securities, non-investment grade debt securities, undervalued companies or companies with a relatively small market capitalization. Please see a Janus prospectus for more detailed information.

    1. Closed to new investors.
    2. Effective 02/25/05, Sharon Pichler is no longer the portfolio manager of Janus Federal Tax-Exempt Fund, and Doug Nelson is now the Fund manager.
    3. Effective February 28, 2005, Janus Flexible Income Fund changed its name to Janus Flexible Bond Fund and added to its investment policy to state that at least 80% of its net assets (plus borrowings for investment purposes) will be invested in bonds.
    4. Rating is for the investor share class only; other classes may have different performance characteristics.

--30--AMM/dx*

CONTACT: Janus Capital Group Inc. Investor Contact: Steve Belgrad, 303-394-7706 Tamar Gerber, 303-336-4092 or Media Contact: Blair Johnson, 720-210-1439

KEYWORD: COLORADO INDUSTRY KEYWORD: BANKING EARNINGS CONFERENCE CALLS SOURCE: Janus Capital Group Inc.

Copyright Business Wire 2005