Berger to Acquire Enhanced Investment Technologies, Inc. --INTECH; Mathematical Strategies Firm Provides Solid Approach to Institutional Money Management.

Business Editors

DENVER--(BUSINESS WIRE)--Jan. 16, 2002

Berger LLC, investment manager for Berger Funds, and Stilwell Financial Inc. (NYSE:SV) today announced the signing of an agreement to acquire Enhanced Investment Technologies, Inc. (INTECH) from Prudential Financial.

Berger will be the new majority owner while key INTECH employees will hold a minority interest in the firm. Terms of the agreement were not disclosed.

Headquartered in Palm Beach Gardens, Fla., INTECH manages approximately $6 billion in institutional assets using a proprietary mathematical investment strategy. INTECH's system capitalizes on the random nature of stock price movement rather than relying on estimates of future stock performance. This investment system is designed to strive to achieve long-term returns in excess of the target benchmarks while controlling risk and trading costs. INTECH's primary portfolios include Large Cap Core, Large Cap Growth, Large Cap Value and Enhanced Index products.

"With the expectation of a lower return environment going forward, we believe it is important for Berger to develop a broader set of capabilities," said Berger president and chief executive officer, Jack R. Thompson. "This new relationship allows us to leverage our outstanding team of marketing personnel and gives our investors new opportunities to diversify their Berger investments."

Thompson also announced that the Berger LLC name is being changed to Berger Financial Group LLC. "The new name better reflects our transition to a manager and distributor of a wide spectrum of investment products," he said.

Through its 18-person institutional marketing group, Berger will market all INTECH institutional products while retaining the INTECH name. Thompson said there would be a possibility of launching Berger-branded retail products that use the mathematical investment process.

"INTECH's quality investment operations and strong performance history make this an excellent fit for our organization," said Stilwell Financial president and chief executive officer, Landon H. Rowland. "We not only expect this acquisition to be modestly accretive in the short term, but we believe there is considerable long-term potential in the combined strengths of Berger and INTECH."

"We at INTECH are delighted to be associated with the Berger organization. Berger and INTECH are similar in size, entrepreneurial spirit and desire for excellence and growth," said INTECH president and chief executive officer, Robert A. Garvy. "We believe the combination offers unique opportunities to both firms and we look forward to a successful effort together."

The closing of the acquisition is subject to customary closing conditions and regulatory approvals.

About INTECH

Founded in 1987, INTECH was a pioneer of the application of a purely mathematical approach to the investment process and has the longest continuous record of this form of portfolio management in the industry. Clients include corporations, public funds, non-profit organizations and Taft-Hartley funds. E. Robert Fernholz, Ph.D., is the firm's founder and chief investment officer. With over 20 years of investment experience, Dr. Fernholz has held academic positions in Mathematics and Statistics at Princeton University and the City University of New York. His research is the basis for INTECH's investment process.

About Berger Financial Group

Berger acquired Bay Isle Financial Corporation on December 31, 2001. Including this latest acquisition, the newly combined firm will manage and distribute more than $14 billion in assets under the Berger Financial Group umbrella. Berger's products will include mutual funds and institutional and high net worth accounts that encompass value, growth and mathematical strategies in all capitalization categories.

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. The primary entities comprising Stilwell are Janus Capital Corporation, Berger Financial Group, Nelson Money Managers Plc and DST Systems, Inc. Stilwell owns 98 percent of Janus Capital Corporation, approximately 87 percent of Berger Financial Group, 81 percent of Nelson Money Managers Plc and 33 percent of DST Systems, Inc.

The SEC requires that the following information be included in this news release: To obtain a prospectus for the Berger Funds that contains more complete information including risks, fees and expenses, call 1.800.333.1001. Please read it carefully before you invest or send money. Berger Distributors LLC -- Member NASD (01/02)

This press release may include 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, 2000 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.