Stilwell Financial Reports Assets Under Management.

Business Editors

KANSAS CITY, Mo.--(BUSINESS WIRE)--Aug. 1, 2002

As of the close of the market on July 31, 2002, Stilwell Financial Inc. (NYSE:SV) reported assets under management of approximately $148 billion.

During the month of July, assets under management averaged approximately

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, 87 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.