Mr. Frank Golden reports

THOMSON REUTERS AMENDS NORMAL COURSE ISSUER BID

Thomson Reuters Corp. has received approval from the Toronto Stock Exchange to amend its normal course issuer bid in connection with the company's previously announced plans to purchase up to an additional $1.5-billion (U.S.) of its shares.

The amended NCIB increases the maximum number of common shares that may be repurchased by an additional 9.2 million. Under the amended NCIB, up to 39.2 million common shares (representing approximately 5 per cent of the 784,310,299 issued and outstanding shares as of May 20, 2015) may now be repurchased between May 28, 2015, and May 27, 2016. The NCIB, as originally approved in May, 2015, contemplated the repurchase of up to 30 million common shares. The shares may be purchased in open-market transactions on the TSX, the New York Stock Exchange, and/or other exchanges and alternative trading systems, if eligible, or by other means permitted by the TSX and/or NYSE, or under applicable law. This includes private agreement purchases if Thomson Reuters receives an issuer bid exemption order from applicable securities regulatory authorities in Canada for such purchases. Decisions and the timing for any future repurchases will depend on the timing for the sale of the company's intellectual property and science business, in addition to other factors, such as market conditions, share price and opportunities to invest capital for growth.

The price that Thomson Reuters will pay for common shares in open-market transactions will be the market price at the time of purchase or such other price as permitted by the TSX. Any private agreement purchases made under an exemption order will generally be at a discount to the prevailing market price. In accordance with TSX rules, any daily repurchases (other than pursuant to a block purchase exception) on the TSX under the renewed NCIB are limited to a maximum of 184,791 shares, which represent 25 per cent of the average daily trading volume on the TSX of 739,166 for the six months ended April 30, 2015 (net of repurchases made by the company during that time period). On Feb. 9, 2016, there were 760,696,325 Thomson Reuters common shares outstanding. Any shares that are repurchased will be cancelled.

Under the current NCIB, Thomson Reuters repurchased 25,636,500 common shares between May 28, 2015, and Feb. 9, 2016, for a total cost of approximately $982.8-million (U.S.), representing an average price of $38.34 (U.S.) per share.

From time to time, when Thomson Reuters does not possess material non-public information about itself or its securities, it may enter into a predefined plan with its broker to allow for the repurchase of shares at times when Thomson Reuters ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any such plans entered into with Thomson Reuters broker will be adopted in accordance with applicable Canadian securities laws and the requirements of Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, as amended.

We seek Safe Harbor.