Press Release Details

Reuters and Multex.com create Internet Portal for Japanese Private Investors

December 20, 2000 at 12:00 AM EST

Tokyo and London – Reuters (RTR.L), the information, news and technology group, and Multex.com Inc. (Nasdaq: MLTX.O), a global provider of investment information and technology solutions to the financial services industry, have entered into a 50/50 joint venture to form a new company, Multex Investor Japan, for retail investors in Japan.

Multex Investor Japan will provide for registered members a range of software applications, Japanese-language news and financial information that will allow them to analyse and manage their own personal investment portfolios. Multex Investor Japan's content will also include research from leading stockbrokers, investment banks and independent research firms.

Multex Investor Japan will largely replicate a similar US portal, Multex Investor (www. multexinvestor.com) and a European portal, Multex Investor Europe. The former was launched by Multex.com in November 1998 and currently has more than two million registered users. The latter, a 50/50 joint venture between Reuters and Multex, was launched in the UK (www.multexinvestor.co.uk) in September this year and went live in Germany (www.multexinvestor.de) in October. It has already over 25,000 registered users.

Multex Investor Japan will focus on Japan's rapidly expanding online retail investor community. Japan has the world's second largest Internet market of 30 million users. Stockbrokers, investment banks and other research publishers are planned to be represented on the portal through sponsorship packages and will be able to attract new customers to their own online broking services. The Multex Investor Japan site will also have links to the Japanese version of the Reuters Personal Finance portal, planned for next year.

Multex also provides the technology and content for other Reuters products for the professional financial markets, including Reuters Broker Research and Reuters Credit. Reuters was an early investor in Multex and currently holds a minority interest in the company.

Peter Job, chief executive, Reuters, commented in Tokyo: “This new joint venture will significantly contribute to the Reuters consumer retail strategy in Japan by bringing premium content and portfolio management tools to the Japanese private investor. We are delighted to broaden our relationship with Multex into Asia.”

Isaak Karaev, chairman & chief executive officer, Multex.com, said in New York: “The Multex Investor Japan financial portal will focus on the rapidly expanding online investor community in Japan. We aim to replicate the success that we have experienced in the US and Europe by providing the private investor in Japan with the very best information and decision making tools. Multex.com brings to the venture a proven successful Internet offering and technology whilst Reuters delivers an unmatched quality of financial news and data.”

End

Contact:

Geoff Wicks Tel: +44 (0) 20 7542 8666
Director, Corporate Relations
geoff.wicks@reuters.com

Adrian Duffield Tel: +44 (0) 20 7542 4728
Manager, Group Corporate Relations
adrian.duffield@reuters.com

Samantha Topping Tel: +1 212 607 2571
Director, Public Relations, Multex.com
Stopping@multex.com

Note to editors:

Reuters (about.reuters.com), the global information, news and technology group, plays a significant role in the functioning of the financial and media markets. Reuters strategy is to make the financial markets work on the Internet. Reuters is the world's largest international news and television agency with 1,957 journalists, photographers and camera operators in 185 bureaux serving 153 countries, gathering and editing news in 24 languages. Reuters premier position is based on a reputation for speed, accuracy and impartiality as well as for continuous technological innovation. Reuters supplies news and information to over 900 internet websites. Instinet, an independently managed subsidiary of Reuters, is the world's largest electronic agency brokerage firm. It covers the equities and fixed income markets. On 30 June 2000, the Group employed 17,067 staff in 215 cities in 98 countries.

This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Interim Statement for the six months ended 30 June 2000 under the heading "Cautionary Statements". Copies of the Interim Statement are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ.

Reuters and the dotted and sphere logos are the house trademarks of Reuters Limited.

Multex.com, Inc. is a global provider of investment information and technology solutions to the financial services industry. Headquartered in New York, the company also has offices in London, San Francisco, Edinburgh and Hong Kong.

Multex.com products include:

  • MultexNET®: Online source of real-time investment research and financial information, providing brokerage research, global revenue and earnings estimates, a stock screening tool and other financial information;
  • MultexEXPRESS,SM: Web-development, site hosting, and ASP business;
  • BuzzPower: Collaborative commerce, messaging and e-community solutions;
  • Multex Consumer properties: (Multex Investor, Market Guide and Sage Online) High net worth leads acquisition and investment reports sales sites; and
  • Market Guide: Financial and business intelligence database covering over 14,000 companies, and Global Real-Time Estimates.

This press release includes forward-looking statements that are based on Multex.com's current expectations and projections about future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions about Multex.com that could cause actual results to differ materially from those in such forward-looking statements. Reported results should not be considered an indication of future performance. Such risks and uncertainties are described in the periodic reports Multex files with the Securities and Exchange Commission. Multex undertakes no obligation to update any forward-looking statements contained in this press release.