Thomson Reuters Announces Annual Renewal of Normal Course Issuer Bid

NEW YORK, May 22, 2015 - Thomson Reuters (TSX / NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, today announced that it has received approval from the Toronto Stock Exchange (TSX) for the annual renewal of its normal course issuer bid (NCIB).

Under the renewed NCIB, up to 30 million common shares (representing approximately 3.8% of the total outstanding shares) may be repurchased between May 28, 2015 and May 27, 2016. The renewed NCIB reflects the same number of shares as the company's NCIB that expires later this month.

Under the NCIB that expires later this month, Thomson Reuters has repurchased 30 million common shares for a total cost of approximately US$1.16 billion, representing an average price of US$38.67 per share.

Earlier this month, the company announced plans to repurchase an additional $1 billion of its common shares by the end of 2016. Decisions regarding any future repurchases will be based on market conditions, share price and other factors, including opportunities to invest capital for growth.

Under the renewed NCIB, shares may be repurchased in open market transactions on the TSX, the New York Stock Exchange (NYSE) and/or other exchanges and alternative trading systems, if eligible, or by such other means as may be permitted by the TSX and/or NYSE or under applicable law, including private agreement purchases if Thomson Reuters receives an issuer bid exemption order in the future from applicable securities regulatory authorities in Canada for such purchases. The price that Thomson Reuters will pay for common shares in open market transactions will be the market price at the time of purchase or such other price as may be permitted by the TSX. Any private agreement purchases made under an exemption order will generally be at a discount to the prevailing market price. In accordance with TSX rules, any daily repurchases (other than pursuant to a block purchase exception) on the TSX under the renewed NCIB are limited to a maximum of 184,791 shares, which represents 25% of the average daily trading volume on the TSX for the six months ended April 30, 2015 (net of repurchases made by the company during that time period). On May 20, 2015, there were 784,310,299 Thomson Reuters common shares outstanding. Any shares that are repurchased will be cancelled.