Mr. David Crundwell reports

THOMSON REUTERS AND BLACKSTONE AGREE TO CLOSE FINANCIAL & RISK TRANSACTION ON OCTOBER 1, 2018

Thomson Reuters Corp. and private equity funds managed by Blackstone have agreed to close the sale of a 55-per-cent interest in Thomson's Financial & Risk business on Oct. 1, 2018, subject to satisfaction or waiver of customary closing conditions. The closing of the transaction is not subject to any financing condition. An affiliate of Canada Pension Plan Investment Board and an affiliate of GIC will invest alongside Blackstone. After the closing, the Financial & Risk business will be known as Refinitiv.

Thomson Reuters will receive approximately $17-billion (U.S.) in gross proceeds when the transaction closes (subject to purchase price adjustments). Thomson Reuters plans to return an aggregate of $10-billion (U.S.) of these proceeds to its shareholders. The company expects to use the remaining proceeds not returned to shareholders to redeem approximately $4-billion (U.S.) of debt, maintain approximately $2-billion (U.S.) of cash on its balance sheet to finance focused acquisitions and utilize approximately $1-billion (U.S.) to cover transaction-related expenses, including cash taxes, pension contributions, bond redemption costs, and other fees and outflows related to the transaction.

About Thomson Reuters Corp.

Thomson Reuters is the world's leading source of news and information for professional markets.

We seek Safe Harbor.