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Lisa Jenkins

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It's taken a lot longer than we anticipated. We had hoped to have it open last fall --then this spring.

Brink's business and financial profiles have improved following the sale of BAX Global. Not only has Brink's eliminated its exposure to a very cyclical and competitive business, it now also has sufficient funds to significantly reduce debt, and still reward shareholders.

The preferred stock downgrade reflects our expectation that Kansas City Southern will not make the preferred dividend payments due in mid-May 2006 because of bond indenture covenant restrictions.

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