Thomson Reuters Announces Pricing of US$1.5 Billion Note Offering

NEW YORK, November 14, 2013 - Thomson Reuters (TSX / NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, today announced the pricing of its offering of US$1.5 billion of debt securities, which consists of US$550 million principal amount of 1.30% notes due 2017, US$600 million principal amount of 4.30% notes due 2023 and US$350 million principal amount of 5.65% notes due 2043. The offering is expected to close on November 21, 2013, subject to customary closing conditions. Thomson Reuters plans to use the net proceeds of this offering to redeem all of its US$800 million principal amount of 5.70% notes due in October 2014, as previously announced earlier today, and for general corporate purposes including, without limitation, to finance share repurchases.

Barclays Capital Inc., Goldman Sachss & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are the joint book-running managers for the offering.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The notes are being offered in the United States pursuant to a registration statement on Form F-10 that was previously declared effective by the U.S. Securities and Exchange Commission (SEC). The public offering of these securities in the United States will be made only by means of the prospectus supplement and an accompanying base shelf prospectus. The prospectus supplement and accompanying base shelf prospectus may be obtained for free at the SEC's website at www.sec.gov or at the Canadian Securities Administrators' website at www.sedar.com. Alternatively, a copy of the prospectus supplement and accompanying base shelf prospectus may be obtained, when available, from Barclays Capital Inc. (phone: [phone]; c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717); Goldman, Sachs & Co. (phone: [phone]; 200 West Street, New York, NY 10282); J.P. Morgan Securities LLC (phone: [phone]; 383 Madison Avenue, New York, NY 10179); or Merrill Lynch, Pierce, Fenner & Smith Incorporated (+ 1 800.294.1322; 222 Broadway, 11^th Floor, New York, New York 10038, Attention: Prospectus Department).