Mr. David Crundwell reports

THOMSON REUTERS ANNOUNCES CONDITIONAL REDEMPTION OF APPROXIMATELY US$1.7 BILLION OF DEBT SECURITIES

Thomson Reuters Corp. has exercised its right to redeem approximately $1.7-billion (U.S.) of its outstanding debt securities, conditional upon the closing of the company's previously announced sale of a 55-per-cent interest in its financial and risk business to private equity funds managed by Blackstone for approximately $17-billion (U.S.). An affiliate of Canada Pension Plan Investment Board and an affiliate of GIC will invest alongside Blackstone.

The notes to be redeemed are the following:

• $750-million principal amount of 4.35 per cent notes due Sept. 30, 2020 (Cusip No. 884903 BJ3);
• $500-million principal amount of 3.369 per cent notes due May 23, 2019 (Cusip No. 884903 BR5);
• $500-million (U.S.) principal amount of 4.70 per cent notes due Oct. 15, 2019 (Cusip No. 884903 BG9).

On Aug. 28, 2018, Thomson Reuters announced that it and Blackstone had agreed to close the financial and risk transaction on Oct. 1, 2018, subject to the satisfaction or waiver of customary closing conditions. Thomson Reuters plans to finance these redemptions (and the future redemption of other outstanding debt securities) using approximately $4-billion (U.S.) of the proceeds from the transaction.

The redemption prices will include applicable early repayment premiums, as well as accrued and unpaid interest through the redemption date, which is currently expected to be Oct. 5, 2018, for each series of notes.

Based on a conditional redemption date of Oct. 5, 2018, the Canadian-dollar-denominated notes are expected to be redeemed at the following redemption prices per $1,000 principal amount, which have been determined based on the Canada yield price, as defined in the applicable documentation governing each series of notes.

                          REDEMPTION PRICES FOR CANADIAN-DOLLAR-DENOMINATED NOTES

Notes                                                  $750-million principal        $500-million principal amount 
                                                    amount of 4.35% notes due           of 3.369% notes due May 23, 
                                         Sept. 30, 2020 (Cusip No. 884903 BJ3)          2019 (Cusip No. 884903 BR5)

Canada yield price                                                  $1,037.24                            $1,007.39
Accrued and unpaid interest                                             $0.60                               $12.46   
Total redemption price                                              $1,037.84                            $1,019.85

The total redemption price for the U.S.-dollar-denominated notes to be redeemed will be determined at a later date, in accordance with the applicable documentation governing those notes. When available, Thomson Reuters will provide the total redemption price for those notes in the investors section of its website. Thomson Reuters currently anticipates that this information will be posted on or about Oct. 2, 2018. In addition, if the redemption date will be after Oct. 5, 2018, Thomson Reuters plans to post updated redemption price information on its website for the Canadian-dollar-denominated notes.

Non-registered holders (banks, brokerage firms or other financial institutions) of Canadian-dollar-denominated notes that maintain their interests through CDS Clearing and Depository Services Inc. (CDS) should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemptions should contact their respective brokerage firm or financial institution, which holds interests in the notes on their behalf.

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