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(Kansas City Southern issued the following news release on November 1.)

KANSAS CITY, Mo. — The Board of Directors of Kansas City Southern declared a cash dividend of $.25 per share on KCS’ outstanding 4% Non-Cumulative Preferred stock. This dividend will be payable January 16, 2007, to stockholders of record at the close of business on December 29, 2006.

Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding includes KCSR, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Canada and Mexico.