Press Release Details

Statement in response to Share Price Movement

September 23, 1999 at 12:00 AM EDT

Reuters notes the sharp fall in the company's share price today and confirms that no price sensitive information was released in briefings to US and UK analysts in New York yesterday.

A spokesman said: "The background briefings were on subjects including internet strategy, the plans of our Instinet electronic broker and the progress of the joint venture with Dow Jones."

The company confirmed that nothing was said at the briefing that could be construed as a profits forecast or a profits warning and there is no price sensitive information which it should announce.

The company will be updating the market in the normal course of events on 21 October when the third quarter revenue figures will be available.

End

Contact:

Peter.V.Thomas Tel: 0171 542 4890
Director, Media Relations
peter.v.thomas@reuters.com

Tim Spratt Tel: 0207 831 3113
Director
Financial Dynamics

Note to editors

Reuters supplies the global financial markets and the news media with the widest range of information and news products including real-time financial data, collective investment data, numerical, textual, historical and graphical databases plus news, graphics, news video, and news pictures. It reaches over 519,000 users in 57,720 locations and extensively uses internet technologies for wider distribution of information and news. Reuters designs and installs enterprise-wide information management and risk management systems for the financial markets as well as providing equity and foreign exchange transaction systems. Reuters provides news and information to over 225 Internet sites reaching an estimated 12 million viewers monthly. Reuters is the world's largest news and television agency with 1,946 journalists, photographers and camera operators in 183 bureaux serving 157 countries. News is published in 23 languages. Instinet, an international electronic agency stockbroker, is an independently managed subsidiary of Reuters. The Group employed 16,898 staff in 212 cities in 95 countries at 30 June 1999.

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