Thomson Reuters 2009 Abacus User Conference Highlights Industry Trends

Industry experts from Tax & Accounting business discuss e-filing, improving efficiency and cutting costs of compliance and reporting

LONDON, December 8 - The Tax & Accounting business of Thomson Reuters hosted its first annual
2009 Abacus Client Conference, designed to not only highlight technical
updates and hot topics of the day, but also to introduce Abacus clients to
the Thomson Reuters team. In October, Thomson Reuters announced the
acquisition of the Abacus Enterprise suite of products and related business
operations from Deloitte LLP.

"Our goal for the Abacus User Conference - the first we've hosted - is to
ensure Abacus clients understand that our strategy at Tax & Accounting is
predicated on building and supporting superior products to help our U.K.
customers," said Roy M. Martin, Jr., President and CEO of Tax & Accounting.
"We will seamlessly link these products to our global offerings through
ONESOURCE, our web-based corporate tax portals to empower those customers who
stretch beyond the borders of the U.K. to integrate their local and global
tax compliance and planning."

More than 200 attendees were able to choose among six breakout sessions,
discussing the following topics:

    - Managing Tax Compliance: Discussing the role of technology to improve
      the management of tax compliance deadlines and data; future plans for
      ONESOURCE Workflow Manager
    - Abacus Enterprise Indirect Tax Compliance: Completing & Automating VAT
      Compliance: Demonstrating how this Abacus automates VAT compliance in
      the U.K. and on a pan-European basis
    - Improving Efficiency and Cutting the Cost of Compliance & Reporting:
      Analysis on the latest developments, including ways to take time and
      risk out of the data collection process
    - Abacus Enterprise Direct Tax Compliance: Changes & Future Plans:
      Highlighting significant recent changes in version 2.1 of Abacus
      Enterprise Direct Tax Compliance and a look ahead to future
      developments
    - Transfer Pricing Technology: Abacus clients were introduced to the
      ONESOURCE Transfer Pricing solution, which creates one convenient
      location for every aspect of the transfer pricing process
    - Tax Accounting Technology: Discussed the latest in Tax Accounting
      technology, including a high-level look at the Abacus Deferred Tax
      Schedules, and an introduction to ONESOURCE Tax Provision, which
      provides year-round tax process optimisation

In addition to the Breakout Sessions, a Q&A Panel of top industry and
technology experts provided attendees a chance to discuss hot current topics
with some of the industry's experts. Panelists included Julian Hatt, head of
Customer and Stakeholder Engagement for Carter Programme, HMRC; Carmel Moore,
partner, Tax Performance Advisory Group for Ernst & Young; Conrad Young,
partner, Tax Transformation, Risk, and Co-sourcing for Deloitte; and Tom
Walsh, head of EMEA for the Tax & Accounting business of Thomson Reuters.
Topics discussed during the Q&A session included:

    - XBRL: what are the benefits of e-filing to taxpayers and tax
      authorities? What are the obstacles?
    - The role of technology for the senior accounting officer: how does
      technology work within SAO rules and what should the SAO know about the
      technology his team deploys?
    - Data Hosting: The U.S. is trending toward more offsite hosting of
      clients datum by tax software providers - will the European market
      follow?
    - Globalization & Offshoring: what impact will this have on tax
      practitioners? How has the Shared Service Center changed the landscape
      over the past five years? Were expectations met?

"We are delighted so many of our valued clients and partner firms
attended the event," said Mike Roberts, managing director of the Abacus
Business for Tax & Accounting. "They are excited about our iXBRL strategy and
the opportunities that will certainly follow the integration of Abacus with
the Tax & Accounting business of Thomson Reuters."

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information
for businesses and professionals. We combine industry expertise with
innovative technology to deliver critical information to leading decision
makers in the financial, legal, tax and accounting, healthcare and science
and media markets, powered by the world's most trusted news organization.
With headquarters in New York and major operations in London and Eagan,
Minnesota, Thomson Reuters employs more than 50,000 people and operates in
over 100 countries. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider
of technology and information solutions, as well as integrated tax compliance
software and services to accounting, tax and corporate finance professionals
in accounting firms, corporations, law firms and government. Tax & Accounting
includes the Corporate Software & Services, Professional Software & Services,
and Research & Guidance business groups.

Joe Christinat, Public Relations of Thomson Reuters, +1-212-807-2198, joe.christinat at thomsonreuters.com