1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

REUTERS GROUP PLC

2. Reason for the notification:

	An acquisition or disposal of voting rights
	An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
	An event changing the breakdown of voting rights
	Other (please specify): New Exemption DTR 5.1.3 (4) & DTR 5.1.5 (1)

3. Full name of person(s) subject to the notification obligation:

Jeffrey W. Ubben
ValueAct Capital management, LLC
ValueAct Capital Master Fund III, L.P.

4. Full name of shareholder(s) (if different from 3.):

(i) ValueAct Capital Management, L.P.
(ii) ValueAct Capital Master Fund III, L.P.

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

5 October 2007

6. Date on which issuer notified:

8 October 2007

7. Threshold(s) that is/are crossed or reached:

8%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of shares	Number of voting rights	Number of shares	Number of voting rights		Percentage of voting rights
			Direct	Direct	Indirect	Direct	Indirect
(i) Ordinary shares	100,681,233	100,581,233	99,491,233	99,491,233	N/A	7.9%	N/A

B: Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise / Conversion Period / Date	Number of voting rights that may be acquired if the instrument is exercised / converted	Percentage of voting rights
N/A	N/A	N/A	N/A	N/A

Total (A+B)

Number of voting rights	Percentage of voting rights
99,491,233	7.9%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

The ordinary shares are held by ValueAct Capital Master Fund, L.P. (87,415,783 ordinary shares) and ValueAct Capital Master Fund III, L.P. (12,075,450 ordinary shares). VA Partners, LLC is the general partner of ValueAct Capital Master Fund, L.P. VA Partners III, LLC is the general partner of ValueAct Capital Master Fund III, L.P.. ValueAct Capital Management, L.P. is the manager of ValueAct Capital Master Fund, L.P. and ValueAct Capital Master Fund III, L.P.. ValueAct Capital Management, LLC is general partner of ValueAct Capital Management, L.P. Jeffrey W Ubben is a Managing Member of VA Partners, LLC, VA Partners III, LLC and ValueAct Capital Management, LLC and controls those entities.

Proxy Voting

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A