Notice of Early Redemption

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Tuesday 10 September 2002

NOTICE IS HEREBY GIVEN that, pursuant to Condition 9(b) of the Offering Circular, the Issuer will redeem all of the outstanding Bonds at their amortised Principal Amount on October 18, 2002 together with interest accrued, and shall amount to £936.05 per £1,000 Bond. Interest on the Bonds will cease to accrue from 18 October 2002.

Repayment of principal and interest will be made in accordance with Condition 10 of the Offering Circular upon presentation and surrender of the Bonds with all unmatured Coupons attached, at the offices of the Paying and Exchange Agents listed below.

Principal Paying and Exchange Agent
Deutsche Bank AG London
Winchester House
1 Great Winchester Street
London EC2N 2DB

Paying and Exchange Agents:

Deutsche Bank Luxembourg S.A.
2, boulevard Konrad Adenauer
L-1115 Luxembourg
Luxembourg

Swiss Bank Corporation
1 Aeschenvorstadt
CH-4002 Basle
Switzerland

Holders of Bonds have the right (the Exchange Right) to redeem their Bonds at their Amortised Principal Amount and have that amount applied in acquiring Ordinary Shares of Reuters Group plc. The Exchange Right of any Bond in respect of which conditions required for exchange have not been satisfied by the relevant holders of such Bonds by 10 October 2002 shall thereupon terminate in accordance with Condition 5 of the Offering Circular.

Trustee
Deutsche Trustee Company Limited
Winchester House
1 Great Winchester Street
London EC2N 2DB
Daily Mail and General Trust plc, Deutsche Bank ly.

Enquiries to:

Adrian Perry DMGT, Deputy Finance Director +44 207 938 6626