Woodbridge Considering Exchange of up to 10 million additional Thomson Reuters Corporation Common Shares for Thomson Reuters PLC Ordinary Shares



    TORONTO, Feb. 26 /CNW/ - The Woodbridge Company Limited, the controlling
shareholder of Thomson Reuters (NYSE:   TRI; TSX: TRI; LSE: TRIL; NASDAQ:   TRIN),
today announced that it has made a Canadian regulatory filing that would
permit it to undertake transactions providing for sales of up to 10 million
additional Thomson Reuters Corporation common shares (representing
approximately 2% of its holdings of Thomson Reuters Corporation common shares)
and purchases of a similar number of Thomson Reuters PLC ordinary shares. The
filing does not commit Woodbridge to undertake any of these transactions.
Woodbridge previously announced and completed transactions of this nature in
the fourth quarter of 2008.
    Sales of Thomson Reuters Corporation common shares, if any, would be
effected through the facilities of the Toronto Stock Exchange during the 30
day period after today's date. Purchases of Thomson Reuters PLC ordinary
shares would be effected through the facilities of the London Stock Exchange.
    One ordinary share of Thomson Reuters PLC is equivalent to one common
share of Thomson Reuters Corporation under Thomson Reuters dual listed company
structure. As of February 25, 2009, Woodbridge and other companies affiliated
with it beneficially owned an aggregate of 439,767,486 Thomson Reuters
Corporation common shares and 15,375,287 Thomson Reuters PLC ordinary shares
(including ordinary shares underlying Thomson Reuters PLC American Depositary
Shares) and had a voting interest in Thomson Reuters of approximately 55%.

    CAUTIONARY NOTE

    This news release does not constitute an offer for sale of any securities
or an offer or an invitation to purchase any securities.
    This news release includes forward-looking statements about Woodbridge's
future intentions with respect to possible sales of Thomson Reuters
Corporation common shares and purchases of Thomson Reuters PLC ordinary
shares. These statements are not historical facts and there can be no
assurance as to whether or when any transactions will occur. Woodbridge
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, other than as required by applicable law, rule or regulation.





For further information:

For further information: Scott MacNicol, TD Securities Inc., Tel: (416)
982-2674; Andrew Seaton, Citi, Tel: +44 (0)20 7986 0000

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THE WOODBRIDGE COMPANY LIMITED

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