DST Systems, Inc. Announces Share Repurchase Program

KANSAS CITY, MO. ( February 27, 2004) – DST Systems, Inc. (DST) announced today a share repurchase program. The program replaces a share repurchase plan that expires on February 29, 2004.

On February 26, 2004, the DST Board of Directors authorized for general corporate purposes a repurchase of up to 6,000,000 shares of DST common stock between March 1, 2004 and February 28, 2007. Any repurchases will be made on the open market or in privately negotiated sales in compliance with SEC regulations. The repurchase program will be funded from cash flow and other available sources.

The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST’s views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in Form 8-K/A dated March 17, 2003 filed by DST with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. DST will not update any forward-looking statements in this press release to reflect future events.

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The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST’s views as of today, and actual results could differ. There could be a number of factors affecting future results, including those set forth in Form 8-K/A dated March 17, 2003 filed by DST with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.

To learn more about DST Press Releases , contact us at  ctgoldman@dstsystems.com