LexisNexis Taps Ernst & Young to Exclusively Feature International GAAP® 2007 Online on Tax Center Platform

Business Wire, June 20, 2007

Award-Winning LexisNexis([R]) Tax Center Now Includes FIN 48, FASB and GASB Issues

NEW YORK -- LexisNexis, a leading provider of information and services solutions, today announced it has tapped Ernst & Young to exclusively bring its International GAAP 2007 to accountants and tax professionals who use the award-winning LexisNexis([R]) Tax Center (www.lexisnexis.com/taxcenter) to obtain leading-edge content on tax and accounting topics.

Written by the International Financial Reporting Group of Ernst & Young, the acknowledged experts in the field drawn from all the major economies in the world, International GAAP Online includes the full text of every International Financial Reporting Standard (IFRS) and a set of model IFRS financial statements. It is essential reading for anyone who wishes to be properly informed about and understand how to use and apply IFRS.

LexisNexis also has paired with Danielle Rolfes, Esq., tax attorney and CPA with Ivins, Phillips & Barker, to present timely and authoritative information on FIN 48, the critical issue on uncertain income tax positions that has the accounting profession seeking new insight and analysis on a regular basis.

"There's a sea change that's less about the mechanics of FIN 48 and more about rigorous accounting to give investors enhanced insight into companies' overall income tax positions and the consequent ability to scrutinize and compare," said Danielle Rolfes, tax attorney and CPA with Ivins, Phillips & Barker. "This represents one of the largest and potentially more volatile expenses reported on the income statement. We expect FIN 48 to keep a front-and-center position in management circles for years to come."

In addition to cutting-edge information, LexisNexis Tax Center now provides just-added materials relating to Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB). The three most recent content updates (E&Y's International GAAP online, FIN 48 analysis and FASB/GASB) complement standard accounting materials already featured on Tax Center, such as transfer pricing materials, U.S. GAAP and GAAS materials, SEC materials, Sarbanes Oxley materials, accounting guides, and more.

"The integration of tax and accounting materials is increasingly critical in the current regulatory environment and LexisNexis Tax Center now offers exclusive content for both tax and accounting professionals integrated onto one research platform," said Charles Ter Bush, vice president and managing director, Tax and Accounting at LexisNexis. "Because we are continuously expanding our content offering from a national pool of credible experts, we're confident our customers can access a specialized collection of critical content. Expert content is what tax and accounting practitioners are seeking and that's what Tax Center offers them."

As part of fulfilling its Total Solutions strategy, LexisNexis launched its Tax Center last year to help streamline analysis of tax strategies across the broadest array of leading tax publishers available on a single platform including LexisNexis, CCH, BNA, Tax Analysts, ABA Section of Taxation and Matthew Bender. Tax Center provides practical perspectives from experts in the field, exclusive coverage of key tax conferences, and the ability to quickly and accurately validate case law and IRS positions with Shepard's Citations, a LexisNexis exclusive.

About LexisNexis

LexisNexis([R]) (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis([R]) and Nexis([R]) research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier (NYSE:ENL) (NYSE:RUK) (www.reedelsevier.com), LexisNexis serves customers in 100 countries with 13,000 employees worldwide.