DST Canada And CFDS Ltd. Announce Combined Management

It is with great pleasure that Peter O'Connell, President & CEO of DST Canada Inc. (DST) and Al O'Neal, Managing Director of CFDS Limited (CFDS), announce that DST Canada Inc. and CFDS Ltd. have combined the management of the two organizations effective immediately. The combined company will operate as DST Canada Inc. and CFDS Ltd. will operate as the full service division of DST Canada. Together, the combined organizations will be the largest provider of mutual fund shareowner accounting services on both a remote and full service processing basis to the Canadian marketplace. "DST Canada is poised to provide innovative products and a full range of service options to the Canadian financial services industry through a single organization. The combined organization will provide broader and more seamless business solutions to existing clients and we will be positioned to strategically increase our presence in the Canadian mutual fund marketplace", said Peter O'Connell, President and CEO of DST Canada. Our complement of over 700 Associates represents a sizable commitment to the Canadian marketplace and we are now better positioned to meet our customers needs. One of the keys to our success is attracting, retaining and developing our associates. The continued contribution of all of our associates will ensure our success. DST Canada and CFDS will continue to implement key business initiatives already underway. The combined management will additionally pursue opportunities that will leverage the resources of the merged organization. DST Canada provides sophisticated information processing and computer software services and products primarily to the financial services industry. Its software systems include shareholder accounting and recordkeeping systems offered to both the Canadian and international marketplace. CFDS is a full-service record keeping agent, using advanced technologies and custom solutions to provide a range of customized outsourcing solutions to the financial services industry. CFDS supports a wide range of investment and savings products distributed through various channels using a variety of pricing structures.