Press Release Details

Notification of Major Interests in Shares

May 24, 2007 at 12:00 AM EDT
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TR-1(i): Notification of Major Interests in Shares
 

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

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(iii)

Jeffrey W. Ubben
ValueAct Capital Management, LLC
ValueAct Capital Management, L.P

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

(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) (v)

22 May 2007

6. Date on which issuer notified

23 May 2007

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

7%

8. Notified details:

 

A. Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation  previous to the Triggering transaction (vi)

Resulting situation after the triggering transaction

Number of shares

Number of voting Rights (viii)

Number of shares

Number of voting rights ix

% of voting rights

 

 

 

 Direct Direct  (x) Indirect (xi) Direct Indirect

(i)Ordinary shares

77,113,763

77,113,763

    

79,363,763

79,363,763

6.3%

(ii) Ordinary shares

10,187,449

10,187,449

 

 

 

 

0.8%

Aggregate of (i) and (ii) above

87,301,212

87,301,212

 


89,801,212

89,801,212

7.1%
 

B. Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of Financial Instrument

Expiration Date (xiii)

Exercise/Conversation Period/Date (xiv)

Number of Voting Rights that may be acquired if the instrument is exercised/converted

% of Voting Rights

 

  

 

 
 

Total (A+B)

Number of Voting Rights

% of Voting Rights

77,113,763

6.1%
 

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

The ordinary shares are held by ValueAct Capital Master Fund, L.P. (79,363,763 ordinary shares) and ValueAct Capital Master Fun III, L.P. (10,437,449 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 Caprial Master Fund III, 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/acquire to hold:

n/a

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

n/a

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