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Janus Capital Group Inc. Announces Second Quarter 2012 Results

1 For the period ending June 30, 2012, 28%, 48% and 57% of complex-wide mutual funds had a 4- or 5-star Morningstar rating for the 3-, 5- and 10-year periods based on risk-adjusted returns for 43, 40 and 28 funds, respectively. 43 funds were included in the analysis for the overall period.

2 References Lipper relative performance on an asset-weighted basis. For the 10-year period ending June 30, 2012, 80% of the 24 fundamental equity mutual funds outperformed the majority of their Lipper peers on an asset-weighted basis. For the 1-, 3-, 5- and 10-year periods ending June 30, 2012, 44%, 43%, 72% and 71% of the 39, 35, 32 and 24 fundamental equity mutual funds outperformed the majority of their Lipper peers based on total returns.

3 References Lipper relative performance on an asset-weighted basis. For the 10-year period ending June 30, 2012, 100% of the 4 fixed income mutual funds outperformed the majority of their Lipper peers on an asset-weighted basis. For the 1-, 3-, 5- and 10-year periods ending June 30, 2012, 100%, 100%, 100% and 75% of the 5, 4, 4 and 4 fixed income mutual funds outperformed the majority of their peers based on total returns.

4 For the period ending June 30, 2012, 0%, 50%, 75% and 60% of the mathematical equity mutual funds were beating their benchmarks on a 1-, 3-, 5-year and since-fund inception basis. Funds included in the analysis and their inception dates are: INTECH U.S. Growth Fund – Class S (1/03); INTECH U.S. Core Fund – Class T (2/03); INTECH U.S. Value Fund – Class I (12/05); INTECH International Fund – Class I (5/07); INTECH Global Dividend Fund – Class I (12/11).

Financial Discussion

Financial Highlights                  
(dollars in millions, except per share data or as noted)
     
Three Months Ended
June 30, March 31, June 30,
2012 2012 2011
 
 
Average Assets ( in billions) $ 155.0 $ 158.9 $ 171.6
Ending AUM ( in billions) $ 152.4 $ 164.0 $ 169.8
Revenues $ 206.0 $ 218.4 $ 264.0
Operating Expenses $ 153.9 $ 161.9 $ 182.2
Operating Income $ 52.1 $ 56.5 $ 81.8
Operating Margin 25.3% 25.9% 31.0%
 
Net Income $ 23.4 $ 22.6 $ 41.9
 
Diluted Earnings per Share $ 0.13 $ 0.12 $ 0.23
                             
 

Second quarter 2012 revenues of $206.0 million decreased $12.4 million, or 5.7%, from first quarter 2012, primarily due to lower average assets under management driven by market depreciation and an increase in negative mutual fund performance fees. Second quarter 2012 operating expenses of $153.9 million decreased $8.0 million, or 4.9%, primarily from lower variable compensation expenses.

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