FRA Certification Helpline: (216) 694-0240

(KCS issued the following news release on May 5.)

KANSAS CITY, Mo. — The Kansas City Southern (KCS) (NYSE:KSU) Board of Directors has declared a regular quarterly cash dividend of 25 cents per share on the outstanding 4% non-cumulative preferred stock of this corporation.

This dividend is payable on July 6, 2004, to preferred stockholders of record at the close of business on June 14, 2004.

KCS is a transportation holding company with railroad investments in the United States, Mexico, and Panama. Its primary holding is The Kansas City Southern Railway Company. Headquartered in Kansas City, Missouri, KCS serves customers in the central and south central regions of the U.S., and has rail holdings and investments that are primary components of a NAFTA Railway system that links the commercial and industrial centers of the United States, Canada, and Mexico.