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(Kansas City Southern issued the following news release on February 10.)

KANSAS CITY, Mo. — The Kansas City Southern (KCS) Board of Directors declared a regular quarterly dividend of 25 cents per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on April 6, 2004, to preferred stockholders of record at the close of business on March 8, 2004.

The Board of Directors also set the Annual Stockholder’s Meeting to be held in Kansas City, Missouri, on May 6, 2004. Stockholders of record of our common stock and our 4% non-cumulative preferred stock as of March 8, 2004, will be entitled to notice of the meeting and to vote at such meeting.

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.