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2014-05-27

Thomson Reuters Corporation : Thomson Reuters Expands Solution to Help Financial Institutions Comply With Foreign Account Tax Compliance Act

Thomson Reuters Expands Solution to Help Financial Institutions Comply With
Foreign Account Tax Compliance Act

FATCA Grandfather Obligations solution now includes Material Modifications
flags enabling clients to determine tax withholding status for changing debt
instruments

NEW YORK/LONDON, May 27, 2014
- Thomson Reuters, the world's leading source of intelligent information for
businesses and professionals, today announced enhancements to its Foreign
Account Tax Compliance Act (FATCA) Grandfathered Obligations (GO) solution
to include material modifications flags. The new material modifications
feature will help financial institutions, including custodian banks, better
determine the FATCA eligibility of financial instruments when and if an
underlying debt modification occurs and changes an instrument's GO status.
The full solution will now also monitor material modifications that may
remove or add an exemption for FATCA withholding.

The material modifications flag is generated daily and provides customers with
a comprehensive overview of all the underlying material changes for millions
of instruments in accordance with the FATCA and Thomson Reuters related
methodology. Thomson Reuters, last May, launched its FATCA GO solution to
identify and tag securities of US sourced dividends, interest and other fixed
or determinable annual/ periodic income (FDAP income) and those that are
exempt (Grandfathered) from FATCA withholding as of June 30, 2014.

"We developed our material modifications enhancement based on industry
engagement and direct feedback from our global custodian clients who asked
for full transparency and confidence in meeting FATCA GO withholding
requirements," said Chris Perry, global managing director, Risk at Thomson
Reuters. "This supports our broader vision to connect and enable the global
financial community and builds on the growing portfolio of solutions that we
already offer around FATCA, Solvency II, IFRS, Financial Transaction Tax&Dodd
Frank."

Filtering nearly twelve million records within Thomson Reuters core databases
to identify securities that will be affected by FATCA, the FATCA GO solution
specifically provides a leading source of data on securities generating US
income and those that meet the IRS requirements as Grandfathered Obligations.

"Our end to end FATCA solution is built on trusted technology and content used
by the six leading global professional services firms and by 49 of the top 50
financial institutions, and we continually work with the industry and our
customers to develop as the regulatory landscape evolves. As tax authorities
in other countries consider similar legislation to FATCA, such as GATCA, we
will extend our services to further help our clients meet their current and
future regulatory requirements," added Perry.

Thomson Reuters FATCA GO solution and its subsequent material modifications
enhancement are powered by Thomson Reuters DataScope suite of feed delivery
platforms. For more information about this feed or DataScope please
visithttp://www.prdcommunity.com/index.php/solutions/regulatory-data.

Building on market leading technology Thomson Reuters for FATCA brings
together products already trusted by the industry to resolve the issues
surrounding regulatory compliance, tax documentation and tax reporting.
Sophisticated software ensures seamless workflow and delivery. Deployed as a
series of flexible modules, Thomson Reuters for FATCA helps firms comply with
the regulation across the following areas:

· Customer onboarding - classification and documentation
· Transactional - reporting and withholding
· Keeping up-to-date - up to date knowledge and ongoing training

For more information about our Thomson Reuters FATCA solutions please
visitfatca.thomsonreuters.com.

Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and
science and media markets, powered by the world's most trusted news
organization. Thomson Reuters shares are listed on the Toronto and New York
Stock Exchanges. For more information, go tohttp://thomsonreuters.com.

CONTACTS

Lemuel Brewster
Public Relations Director, Financial&Risk
Office +1 646-223-5147
Mobile +1 917-805-1089
Lemuel.brewster@thomsonreuters.com

Lauren Herman
Public Relations Specialist
Office +1 646-223-5985
Mobile +1 347-703-5913
lauren.herman@thomsonreuters.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire

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