Reuters Files Complaint Against SunGard Data Systems, Inc

Business Wire, July 24, 2001

Business Editors

NEW YORK--(BUSINESS WIRE)--July 24, 2001

Reuters, the global information, news and technology group, has filed a complaint today with the United States Bankruptcy Court for the Eastern District of Missouri in St. Louis against SunGard Data Systems, Inc. and SunGard Trading Systems.

The complaint alleges SunGard engaged in an unlawful campaign to deliberately interfere with Reuters court approved agreement to purchase certain assets of Bridge Information Systems, Inc. and certain of its affiliates, including Bridge Trading Company, by misusing confidential information and poaching employees.

Among other things, Reuters has asked for an order prohibiting SunGard from further soliciting, inducing and/or encouraging Bridge employees to terminate their employment, as well as money damages.

Note to Editors

Reuters (www.about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Around 73 million unique visitors per month access Reuters content on some 1,400 Internet websites. Reuters is the world's largest international text and television news agency with 2,500 journalists, photographers and camera operators in 190 bureaux, serving 160 countries. In 2000 the Group had revenues of (pound)3.59 billion and on 31 December 2000, the Group employed 18,082 staff in 204 cities in 100 countries. Reuters celebrates its 150th anniversary this year.

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 and Form 20-F for the year ended 31 December 2000 under the heading `Risk Factors'. Copies of the Annual Report and Form 20-F are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ.

In addition, Reuters may not be able to complete the acquisition on the terms previously summarized or other acceptable terms, or at all, due to a number of factors, including failure to get applicable regulatory approval or to satisfy other closing conditions.

Reuters and the sphere logo are the trademarks of the Reuters group of companies.