Janus Reports Higher Assets under Management in February

    Business Editors

    DENVER--(BUSINESS WIRE)--March 8, 2005--For the month ended February 28, 2005, Janus Capital Group Inc. (NYSE: JNS) reported total assets under management of approximately $134.4 billion, which is up 1.3% from the prior month's assets of $132.7 billion. Firmwide average assets under management during February were approximately $134.4 billion compared with January's average assets of $133.6 billion, an increase of 0.6%. Excluding money markets, average assets in February were $125.1 billion, up 0.9% from January.
    Total long-term (non-money market) net outflows were $0.6 billion for the month. Excluding INTECH, Janus' long-term net outflows in February were $1.2 billion, an improvement from $1.4 billion in January. The main catalyst for the February improvement was Janus' growth equity products, which had their lowest net outflows since August 2003.
    Janus' relative mutual fund performance remained strong in February. As of February 28, approximately 70% 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 1-year, total-return basis. In addition, more than 64% of the JIF funds were in the top half of their Lipper categories on a 3-year, total-return basis at the end of February. Of particular note, 8 of the 11 growth and core funds with a three-year track record were top quartile performers in their respective Lipper categories on both a 1- and 3-year total-return basis (see Exhibit 2).
    The attached Exhibit 1 shows Janus' assets and flows by investment discipline for December, January and February. Exhibit 2 provides detailed Lipper rankings for the JIF funds.
    Please note that following the March news release, scheduled for April 11, 2005, assets under management and flows will 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.

    Funds distributed by Janus Distributors LLC (03/05)

    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' Registration Statement on Form S-4/A filed on September 20, 2004, and in our 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). 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)

---------------------------------------- December 31, January 31, February 28, 2004 2005 2005 ------------- ----------- ------------- Growth Equity Beginning of period assets $68.5 $69.0 $65.4 Sales 0.5 0.9 0.6 Redemptions 3.1 2.1 1.5 ------------- ----------- ------------- Net Sales (redemptions) (2.6) (1.2) (0.9) Market appreciation 3.1 (2.5) 0.9 ------------- ----------- ------------- End of period assets $69.0 $65.4 $65.4 ============= =========== =============

Mathematical/Quantitative Beginning of period assets $23.5 $25.8 $26.0 Sales 1.7 0.8 0.7 Redemptions 0.1 0.1 0.1 ------------- ----------- ------------- Net Sales (redemptions) 1.6 0.7 0.6 Market appreciation 0.8 (0.5) 0.6 ------------- ----------- ------------- End of period assets $25.8 $26.0 $27.2 ============= =========== =============

Fixed Income Beginning of period assets $5.9 $6.2 $6.1 Sales 0.4 0.1 0.1 Redemptions 0.3 0.2 0.1 ------------- ----------- ------------- Net Sales (redemptions) 0.1 (0.1) - Market appreciation 0.2 - - ------------- ----------- ------------- End of period assets $6.2 $6.1 $6.0 ============= =========== =============

Core/Blend Beginning of period assets $17.4 $17.4 $16.8 Sales 0.3 0.2 0.2 Redemptions 1.0 0.4 0.5 ------------- ----------- ------------- Net Sales (redemptions) (0.7) (0.2) (0.3) Market appreciation 0.6 (0.4) 0.3 ------------- ----------- ------------- End of period assets $17.4 $16.8 $16.8 ============= =========== =============

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

Money Market Beginning of period assets $12.4 $10.8 $8.9 Sales 7.0 3.9 4.3 Redemptions 8.6 5.7 4.2 ------------- ----------- ------------- Net Sales (redemptions) (1.6) (1.8) 0.1 Market appreciation - - - ------------- ----------- ------------- End of period assets $10.8 $8.9 $9.0 ============= =========== =============

Total Beginning of period assets $137.4 $139.0 $132.7 Sales 10.2 6.3 6.1 Redemptions 13.3 8.8 6.7 ------------- ----------- ------------- Net Sales (redemptions) (3.1) (2.5) (0.6) Market appreciation 4.7 (3.7) 2.2 ------------- ----------- ------------- End of period assets $139.0 $132.7 $134.4 ============= =========== =============

Total Excluding Money Markets Beginning of period assets $125.0 $128.2 $123.8 Sales 3.2 2.4 1.9 Redemptions 4.8 3.1 2.5 ------------- ----------- ------------- Net Sales (redemptions) (1.6) (0.7) (0.6) Market appreciation 4.8 (3.7) 2.2 ------------- ----------- ------------- End of period assets $128.2 $123.8 $125.4 ============= =========== =============

Total Excluding Mathematical/ Quantitative & Money Markets Beginning of period assets $101.5 $102.4 $97.8 Sales 1.5 1.6 1.2 Redemptions 4.7 3.0 2.4 ------------- ----------- ------------- Net Sales (redemptions) (3.2) (1.4) (1.2) Market appreciation 4.1 (3.2) 1.6 ------------- ----------- ------------- End of period assets $102.4 $97.8 $98.2 ============= =========== =============

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 2/28/05 ------------------------------------------ 1-Year 3-Year --------------------- -------------------- Rank / Rank / Lipper Percentile Total Percentile Total Category Rank (%) Funds Rank (%) Funds ----------- ---------------------- -------------------- Growth Funds ---------------------------------------------------------------------- Janus Enterprise Mid-Cap Fund Growth Funds 9 45 / 534 10 40 / 427 Large-Cap Janus Fund Growth Funds 30 195 / 663 41 221 / 550 Janus Mercury Large-Cap Fund Growth Funds 21 137 / 663 13 70 / 550 Janus Olympus Multi-Cap Fund Growth Funds 53 226 / 431 78 282 / 363 Janus Orion Multi-Cap Fund Growth Funds 11 46 / 431 15 53 / 363 Janus Twenty Large-Cap Fund(1) Growth Funds 2 7 / 663 6 29 / 550 Janus Venture Small-Cap Fund(1) Growth Funds 18 88 / 515 12 48 / 419 ---------------------------------------------------------------------- Core Funds ---------------------------------------------------------------------- Janus Balanced Balanced Fund Funds 38 221 / 583 56 245 / 439 Janus Core Large-Cap Equity Fund Core Funds 3 27 / 920 19 146 / 771 Janus Growth and Income Large-Cap Fund Core Funds 4 32 / 920 20 149 / 771 Janus Risk- Managed Stock Multi-Cap Fund Core Funds 4 22 / 711 - - Janus Contrarian Multi-Cap Fund Core Funds 2 8 / 711 3 15 / 510 ---------------------------------------------------------------------- Income Funds ---------------------------------------------------------------------- Janus Federal Tax-Exempt General Muni Fund(2) Debt Funds 91 265 / 291 83 220 / 267 Intermediate Janus Flexible Inv Grade Bond Fund(3) Debt Funds 61 280 / 462 10 38 / 385 Janus High- High Current Yield Fund Yield Funds 43 176 / 414 82 281 / 345 Short Janus Short- Investment Term Bond Grade Debt Fund Funds 25 49 / 200 39 52 / 133 ---------------------------------------------------------------------- International/ Global Funds ---------------------------------------------------------------------- Janus Global Health/ Life Sciences Biotechnology Fund Funds 9 15 / 180 37 56 / 154 Janus Global Opportunities Fund Global Funds 57 178 / 314 30 75 / 253 Janus Global Science & Technology Technology Fund Funds 39 116 / 298 56 156 / 281 Janus Overseas International Fund Funds 35 294 / 855 59 416 / 708 Janus Worldwide Fund Global Funds 96 300 / 314 99 249 / 253 ---------------------------------------------------------------------- Value Funds ---------------------------------------------------------------------- Janus Mid Cap Value Fund - Mid-Cap Value Inv(4) Funds 56 128 / 231 42 73 / 175 Janus Small Cap Value Fund - Small-Cap Inv.(1,4) Core Funds 56 315 / 562 81 370 / 461 ----------------------------------------------------------------------

Janus Investment Fund Lipper Rankings Based on Total Returns as of 2/28/05 ------------------------------------------ 5-Year 10-Year --------------------- -------------------- Rank / Rank / Lipper Percentile Total Percentile Total Category Rank (%) Funds Rank (%) Funds ----------- ---------------------- -------------------- Growth Funds ---------------------------------------------------------------------- Janus Enterprise Mid-Cap Fund Growth Funds 91 258 / 283 67 71 / 106 Large-Cap Janus Fund Growth Funds 64 271 / 424 38 52 / 138 Janus Mercury Large-Cap Fund Growth Funds 84 354 / 424 6 7 / 138 Janus Olympus Multi-Cap Fund Growth Funds 81 190 / 236 - - Janus Orion Multi-Cap Fund Growth Funds - - - - Janus Twenty Large-Cap Fund(1) Growth Funds 79 335 / 424 1 1 / 138 Janus Venture Small-Cap Fund(1) Growth Funds 82 257 / 314 41 34 / 82 ---------------------------------------------------------------------- Core Funds ---------------------------------------------------------------------- Janus Balanced Balanced Fund Funds 73 263 / 360 8 12 / 162 Janus Core Large-Cap Equity Fund Core Funds 48 281 / 595 - - Janus Growth and Income Large-Cap Fund Core Funds 72 426 / 595 3 5 / 227 Janus Risk- Managed Stock Multi-Cap Fund Core Funds - - - - Janus Contrarian Multi-Cap Fund Core Funds 19 65 / 353 - - ---------------------------------------------------------------------- Income Funds ---------------------------------------------------------------------- Janus Federal Tax-Exempt General Muni Fund(2) Debt Funds 86 200 / 233 75 107 / 142 Intermediate Janus Flexible Inv Grade Bond Fund(3) Debt Funds 67 179 / 267 7 9 / 135 Janus High- High Current Yield Fund Yield Funds 37 103 / 280 - - Short Janus Short- Investment Term Bond Grade Debt Fund Funds 54 56 / 103 34 19 / 55 ---------------------------------------------------------------------- International/ Global Funds ---------------------------------------------------------------------- Janus Global Health/ Life Sciences Biotechnology Fund Funds 89 67 / 75 - - Janus Global Opportunities Fund Global Funds - - - - Janus Global Science & Technology Technology Fund Funds 59 82 / 138 - - Janus Overseas International Fund Funds 84 427 / 509 4 6 / 165 Janus Worldwide Fund Global Funds 93 168 / 180 40 23 / 57 ---------------------------------------------------------------------- Value Funds ---------------------------------------------------------------------- Janus Mid Cap Value Fund - Mid-Cap Value Inv(4) Funds 27 27 / 101 - - Janus Small Cap Value Fund - Small-Cap Inv.(1,4) Core Funds 16 49 / 316 - - ---------------------------------------------------------------------- Percent of JIF Funds per Lipper Quartile based on Total Returns -------------------------------------------------------- 1-Year 3-Year 5-Year 10-Year ---------------------------------------------------------------------- 1st Quartile 47.9% 41.0% 10.0% 50.0% 2nd Quartile 21.7 22.7 15.0 33.3 3rd Quartile 21.7 13.6 30.0 16.7 4th Quartile 8.7 22.7 45.0 0.0 ---------------------------------------------------------------------- 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.

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CONTACT: Janus Capital Group Inc. Investor Contact: Steve Belgrad, 303-394-7706 or Tamar Gerber, 303-336-4092 or Media Contact: Shelley Peterson, 303-316-5625

KEYWORD: COLORADO INDUSTRY KEYWORD: BANKING SOURCE: Janus Capital Group Inc.

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