REG-Thomson Reuters: Disposal

Thomson ReutersAnnouncement

09/12/2021 08:00

Thomson Reuters Announces Receipt of Binding Offer from Karnov Group to
Purchase Legal Business in Spain

Thomson Reuters Spanish legal business intended to be sold in conjunction with
Wolters Kluwer's legal research solutions in Spain and France

TORONTO, Dec. 9, 2021 -- Thomson Reuters announced today that it has received
a binding offer from Karnov Group ("Karnov") to purchase Editorial Aranzadi
SAU ("Thomson Reuters Legal Business Spain"). As part of the offer, Thomson
Reuters Legal Business Spain is intended to be combined with and sold in
conjunction with Wolters Kluwer France S.A.S ("Wolters Kluwer France") and
Wolters Kluwer España, S.A. ("Wolters Kluwer Spain").

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While the proposed sale includes Thomson Reuters' legal products and solutions
specific to Spain, Thomson Reuters will continue to serve the Spanish market
through its global content-driven technology solutions, including Westlaw
International, Practical Law, Contract Express, ONESOURCE, Confirmation and
HighQ, among others.

"As a key player in content-driven technology, this transaction will allow us
to focus on serving the Spanish market through our first-class global product
suite. It will also enable us to further invest in key areas where we can
deliver the most impact for our customers," said Steve Hasker, president and
CEO of Thomson Reuters. "We believe this business will see continued success
and growth under its new ownership."

"With shared history and values, we see the proposed transaction with Thomson
Reuters as an attractive opportunity to further grow a strong and respected
business," said Pontus Bodelsson, CEO of Karnov Group. "As the digital
transformation progresses, we're especially eager to serve customers in this
market with the high-quality products and services required to most
effectively do their jobs."

Upon receipt of the offer, Wolters Kluwer and Thomson Reuters have granted
Karnov an exclusive period of discussions. A transaction would be conditional
upon antitrust approval in Spain.

Thomson Reuters

Thomson Reuters is a leading provider of business information services. Our
products include highly specialized information-enabled software and tools for
legal, tax, accounting and compliance professionals combined with the world's
most global news service – Reuters. For more information on Thomson Reuters,
visit tr.com
(https://c212.net/c/link/?t=0&l=en&o=3384394-1&h=10702027&u=http%3A%2F%2Fwww.tr.com%2F&a=tr.com) and
for the latest world news, reuters.com
(https://c212.net/c/link/?t=0&l=en&o=3384394-1&h=1637986025&u=http%3A%2F%2Fwww.reuters.com%2F&a=reuters.com).

CONTACTS

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