DST Systems Board of Directors Retains Independent Advisors

DST Systems, Inc. DST is continuing its long-standing practice of engaging in an ongoing review of the Company's business plan, assets and investment portfolio. The Company today announced that BofA Merrill Lynch and Skadden, Arps, Slate, Meagher & Flom LLP have been retained as independent advisors to assist the Board in this ongoing review. Stinson Morrison Hecker LLP is acting as legal advisor to the Company. In addition, based upon the number of its independent directors, their level of skill, expertise and experience with the Company and other factors, the Board of Directors has determined that it would not be beneficial to change its current composition and has declined Russell Glass' request that he and two additional board members be appointed as directors of the Company. The Board also noted that it has declined Mr. Glass' proposal to negotiate the purchase by RDG Capital of the Company's 10.3 million shares of State Street Corporation. As the review by the Company's Board and its advisors will include all assets including its investment portfolio, it would not be prudent to consider a sale of the Company's State Street stock at this time. The Company also believes that the market provides sufficient liquidity to effect an orderly sale should the Company choose to do so.