Press Release Details

Reuters Notes Recent Press Speculation Regarding The possible Sale Of Instinet

November 23, 2004 at 12:00 AM EST

London – Reuters (RTR:LSE, RTRSY:NASDAQ) has previously stated that, while supportive of the progress being made at Instinet, it will consider opportunities to extract value from its holding. Strategic alternatives are being considered by Reuters and Instinet, including a possible sale, merger or other business combination or corporate transaction. As part of this review, Reuters, Instinet or their advisors may engage in discussions with third parties regarding such possible transactions. However, neither Reuters nor Instinet has determined to pursue any specific transaction.

Reuters does not intend to provide any further updates regarding a transaction involving Instinet until such time as it deems appropriate.

Ends

Contacts

Simon Walker
Tel: +44 (0) 20 7542 7800
simon.walker@reuters.com

Johnny Weir
Tel: +44 (0) 20 7542 5211
Johnny.weir@reuters.com

Notes

Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Our information is trusted and drives decision making across the globe based on our reputation for speed, accuracy and independence. As of June 2004, Reuters has 14,700 staff in 92 countries, including some 2,400 editorial staff in 197 bureaux serving approximately 130 countries, making us the world's largest international multimedia news agency. In 2003, the Reuters Group had revenues of £3.2 billion.

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