DST Ethics Policy Waivers/Changes for Certain Persons

Since February 10, 2004, when the DST Systems, Inc. Business Ethics and Legal Compliance Policy (the “Policy”) posted on this website was approved by the DST Board of Directors (the “Board”), there has been no waiver of the Policy for, or any change of the Policy that applies to, DST's principal executive officer, any senior financial officer including the principal financial officer and principal accounting officer or controller, any executive officer listed on DST's latest Form 10-K Annual Report filed with the Securities and Exchange Commission, or any Board member. Any such waiver or change may be made only by the Board or the Board's Corporate Governance/Nominating Committee and will be promptly disclosed on this website.