Janus Board Authorizes New $500 Million Stock Repurchase Program, Adopts Bylaw Amendment Implementing Majority-Vote Standard for Electing Directors

"Our board remains committed to returning value to ourstockholders," said Janus CEO and Chief Investment Officer Gary Black."We continue to believe our stock is an excellent investment and thatbuying back shares is a good use of our capital."

Also today, Janus announced that its board approved an amendmentto the company's bylaws to adopt a majority-vote standard for theelection of directors in uncontested elections. The majority-votestandard takes effect with the next election of directors in April2006. The new standard requires each director to receive a majority ofthe votes cast. If an incumbent director is not elected by a majorityof the votes cast, the director will offer to tender his or herresignation to the board. After considering the Nominating andCorporate Governance Committee's recommendation, the board willdetermine whether to accept, reject or take other action, and willpublicly disclose its decision.

"Our shareholders believe a majority-vote standard makes directorseven more accountable to stockholders -- and we agree," said SteveScheid, chairman of Janus Capital Group's board.

Previously, directors were elected under a plurality votestandard, meaning the candidates receiving the most votes would beelected without regard to whether those votes constituted a majorityof the shares voting at the meeting. Contested elections -- wherethere are more nominees than directors to be elected -- will continueto use the plurality vote standard.

About Janus Capital Group Inc.

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

At the end of 2005, Janus managed approximately $148.5 billion inassets for more than four million shareholders, clients andinstitutions around the globe. Outside the U.S., Janus has offices inLondon, Milan, Tokyo and Hong Kong.

Janus Capital Group consists of Janus Capital Management LLC,Enhanced Investment Technologies, LLC (INTECH), and Capital GroupPartners, Inc. (doing business as Rapid Solutions Group). In addition,Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company,LLC.

This press release includes statements concerning potential futureevents involving Janus Capital Group Inc. that could differ materiallyfrom the events that actually occur. The differences could be causedby a number of factors including those factors identified in Janus'Annual Report on Form 10-K for the year ended December 31, 2005, onfile with the Securities and Exchange Commission (Commission file no.001-15253), including those that appear under headings such as "RiskFactors" and "Management's Discussion and Analysis of FinancialCondition and Results of Operations." Many of these factors are beyondthe control of the Company and its management. Any forward-lookingstatements contained in this release are as of the date on which suchstatements were made. The Company assumes no duty to update them, evenif experience, unexpected events, or future changes make it clear thatany projected results expressed or implied therein will not berealized.