Stilwell Financial Elects Barra Co-Founder Andrew Rudd to Board of Directors.

Business Editors

KANSAS CITY, Mo.--(BUSINESS WIRE)--July 22, 2002

Andrew Rudd, chairman of the board of directors of Barra, Inc., has been elected to the board of directors of Stilwell Financial Inc., expanding Stilwell's board to six.

Rudd co-founded Barra, Inc., the

global leader in investment risk management systems, in 1975 and served as the company's president and chief executive officer from 1984 to 1999. He gained international recognition for co-authoring "Modern Portfolio Theory: The Principles of Investment Management" in 1982 and "Option Pricing" in 1983. From 1977 to 1982, Rudd was a professor of finance and operations research at Cornell University.

Rudd graduated with honors from Sussex University, Sussex, England, with a bachelor's degree in mathematics and physics. He received an M.S. in operations research, an M.B.A. in finance and international business, and a Ph.D. in finance and operations research from the University of California at Berkeley.

About Stilwell Financial Inc.

Stilwell Financial Inc. is a diversified, global financial services company with subsidiaries and affiliates operating in North America, Europe and Asia. Stilwell owns approximately 92 percent of Janus Capital Management LLC, 90 percent of Berger Financial Group LLC, 81 percent of Nelson Money Managers Plc and 33 percent of DST Systems, Inc. (NYSE: DST).

This press release includes statements concerning potential future events involving Stilwell Financial 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 Stilwell's Annual Report on Form 10-K for the year ended December 31, 2001 on file with the Securities and Exchange Commission (Commission file no. 001-15253). Stilwell will not update any forward-looking statements made in this press release to reflect future events or developments.