Thomson Completes Acquisition of Reuters; Thomson Reuters Shares Begin Trading Today

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April 17, 2008

NEW YORK April 17 PRNewswire - - Worlds Leading Source of Intelligent Information for Businesses and Professionals US500 Million Share Repurchase Program Announced The Thomson Corporation today announced that it has completed itsacquisition of Reuters Group PLC forming Thomson Reuters NYSE TRI TSXTRI LSE TRIL Nasdaq TRIN the worlds leading source of intelligentinformation for businesses and professionals in the financial legal tax andaccounting scientific healthcare and media markets Thomson Reuters hasmore than 50000 employees with operations in 93 countries on six continentsand 2007 pro forma revenues of approximately US124 billion Logo httpwwwnewscomcomcgi-binprnh20020227NYW014LOGO Effective today Thomson Reuters shares will begin trading on exchangesin Toronto New York and London and are eligible for inclusion in SPTSX andFTSE 100 UK indices Thomson Reuters Corporations common shares are listedon the Toronto Stock Exchange and the New York Stock Exchange under theticker symbol TRI Thomson Reuters PLC ordinary shares are listed on theLondon Stock Exchange under the symbol TRIL and its ADSs are listed onNasdaq under the symbol TRIN Thomas H Glocer chief executive officer of Thomson Reuters said Thisis a very exciting day for our shareholders customers and employees ThomsonReuters will deliver the intelligent information needed to give businessesand professionals the knowledge to act We call our information intelligentbecause it is not only insightful highly relevant and timely but it is alsomade available in formats which applications can consume and to which theycan add further value We are witnessing the maturation of the informationeconomy and content from Thomson Reuters will be its currencyThomson Reuters will benefit from the value created by more diversifiedrevenue streams a larger capital base and synergies resulting from theacquisition Our leadership position and global footprint will give usopportunities to grow faster than either Thomson or Reuters could have on itsown said Mr Glocer Thomson Reuters today unveiled its new branding and a global advertisingcampaign Mr Glocer said The dynamic new corporate identity is a markeddeparture from the historical look and feel of the two companies andrepresents Thomson Reuters positioning as the worlds leading source ofintelligent information to businesses and professionals Thomson Reuters also announced today that based on current fundamentalsit may repurchase up to US500 million of its shares over the course of theyear Our plans to buy back Thomson Reuters shares underscores our financialstrength and focus on shareholder value said Mr Glocer We will manageThomson Reuters capital structure and set our cash distribution policy so asto maintain a strong yet efficient balance sheet stated Mr Glocer In March Thomson entered into a pre-defined irrevocable agreement withits broker to allow for the repurchase of Thomson Reuters PLC shares throughMay 1 The agreement allows Thomson Reuters to be active in the market fromsoon after closing of the acquisition and during what otherwise would be aninternal closed period for trading All share repurchases will be made inaccordance with applicable securities laws rules and regulations Sharesrepurchased will be cancelled by Thomson Reuters PLC On May 15 2007 Thomson agreed to acquire Reuters for 3525 pence incash and 016 Thomson Reuters PLC ordinary shares for each Reuters ordinaryshare On February 19 2008 Thomson and Reuters received regulatoryapprovals from the European Commission EC US Department of Justice DOJand Canadian Competition Bureau CCB The shareholders of both companiesoverwhelmingly approved the transaction on March 26 2008 leading tosubsequent court approvals in Ontario and the UK On May 1 2008 Thomson Reuters plans to announce results for the firstquarter as well as a financial outlook for the remainder of 2008 More information on Thomson Reuters can be obtained at its new websitewwwthomsonreuterscom About Thomson Reuters Thomson Reuters is the worlds leading source of intelligent informationfor businesses and professionals We combine industry expertise withinnovative technology to deliver critical information to leading decisionmakers in the financial legal tax and accounting scientific healthcareand media markets powered by the worlds most trusted news organizationWith headquarters in New York and major operations in London and EaganMinnesota Thomson Reuters employs more than 50000 people in 93 countriesThomson Reuters shares are listed on the New York Stock Exchange NYSE TRIToronto Stock Exchange TSX TRI London Stock Exchange LSE TRIL andNasdaq Nasdaq TRIN For more information go to wwwthomsonreuterscom This news release includes forward-looking statements that are based oncertain assumptions and reflect Thomson Reuters current expectationsForward-looking statements are those that are not historical facts andinclude Thomson Reuters expectations about its future prospects and sharerepurchase plans Forward-looking statements are subject to a number of risksand uncertainties that could cause actual results or events to differmaterially from current expectations Some of the factors that could cause actual results to differ materiallyfrom current expectations include risks related to Thomson Reuters ability todevelop additional products and services to meet customers needs attractnew customers general economic conditions and actions of competitors Additional factors are discussed in materials filed by Thomson ReutersCorporation and Thomson Reuters PLC from time to time with securitiesregulatory authorities Thomson Reuters disclaims any intention or obligationto update or revise any forward-looking statements whether as a result ofnew information future events or otherwise other than as required byapplicable law rule or regulation CONTACTS Frank DeMaria Global Director Media Relations 44-0-207-542-6005 frankdemariathomsonreuterscom Fred Hawrysh Global Director Corporate Affairs 1-203-539-8314 fredhawryshthomsonreuterscom Frank Golden Senior Vice President Investor Relations 1-203-539-8470 frankgoldenthomsonreuterscom Victoria Brough EMEA Media Relations 44-0-207-542-8762 victoriabroughthomsonreuterscom Web site httpwwwthomsonreuterscom Thomson Reuters

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