Press Release Details

Reuters acquires Easetech Financial Systems assets for US$9 million

April 8, 2002 at 12:00 AM EDT

London - Reuters, the global information, news and technology group, has acquired certain assets of Easetech Financial Systems, LLC, including its Triad product line, for approximately US$9 million.

Easetech Financial Systems, LLC, a division of Ease Technologies, Inc., based in Columbia, Maryland, is a development and systems integration firm and a leading provider of FIX-based transaction server software. The company designed and wrote Triad, a centralised server system for the electronic trading marketplace.

Triad will be integrated with order routing and order management services Reuters acquired when it bought certain assets of Bridge Information Systems Inc. The integration of Triad into Reuters equities transactions product line will further provide business continuity for Bridge customers.

Reuters acquired Triad to streamline the order indication process, building towards a solution to its customers' straight through processing needs.

End

Contact:

Peter V Thomas/Susan Allsopp
Reuters Corporate Communications - UK
Tel: +44 (0) 20 7542 4728/8404
peter.v.thomas@reuters.com or susan.allsopp@reuters.com

Nancy Bobrowitz/Kyle Arteaga
Reuters Corporate Communications - USA
Tel: +1 646-223-5220/5222
nancy.bobrowitz@reuters.com or kyle.arteaga@reuters.com

Note to editors:

Reuters (www.about.reuters.com) is the leading global provider of financial information, news and technology solutions to financial institutions, the media, businesses and individuals. Reuters strength is its unique ability to offer customers a combination of content, technology and connectivity. Its premier position is founded on continuous technological innovation and a reputation for speed, accuracy, integrity and impartiality. Reuters has over 19,000 staff in 97 countries, including some 2,500 editorial staff in 230 bureaux serving approximately 150 countries, making it the world's largest international multimedia news agency. In 2001, Reuters had revenues of £3.9 billion.

FIX is Financial Information Exchange Protocol for trading partners to communicate order related messages electronically.

Triad is the premier consolidator of all FIX traffic; indications, advertisements, orders, and executions. The Triad system is currently installed in many of the world's largest brokerage firms and provides full FIX messaging support, automated order forwarding and routing, reporting, and the most advanced FIX messaging user interface available.

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 Exchange 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 Annual Report for the year to 31 December 2001 under the heading ‘Risk Factors'. Copies of the Annual Report 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.