London – Tom Glocer, Reuters Group Chief Executive, issued a message to Reuters staff on 4 October to encourage them to aim for growth in setting the 2005 budget. This is the latest in a series of regular staff communications.

The full text of the internal announcement can be found at www.about.reuters.com/investors/corpinfo/staffmemorandum/.

The message provides an early outline of objectives for next year, but does not constitute an update to guidance.

Ends

Contacts

Press – UK
Simon Walker
Tel: + 44 (0) 207 542 7800
simon.walker@reuters.com

Press – USA
Tel: +1 646 223 7728
Stephen Naru
stephen.naru@reuters.com

Investors
Tel: +44 (0) 207 542 7057
Miriam McKay
miriam.mckay@reuters.com

About Reuters

Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Our information is trusted and drives decision making across the globe based on our reputation for speed, accuracy and independence. As of June 2004, Reuters has 14,700 staff in 92 countries, including some 2,400 editorial staff in 197 bureaux serving approximately 130 countries, making us the world's largest international multimedia news agency. In 2003, the Reuters Group had revenues of £3.2 billion.

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

Forward-looking statements

This statement includes certain 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 2003 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."