Thomson Financial Services Acquires Latin Fund Management; TFS' Securities Data Publishing Unit Adds its First Spanish Language Newsletter.

BOSTON--(BUSINESS WIRE)--Nov. 30, 1998--Thomson Financial Services (TFS) announced today that it has acquired Latin Fund Management, a regional newsletter focusing on the money management industries of Argentina, Brazil, Chile and Uruguay. This publication will be folded into TFS' Securities Data Publishing (SDP) unit, making it the first SDP product to be published in Spanish. Terms of the agreement were not disclosed.

"Adding this important Spanish language publication to our offerings points to our strategy of building a fully customer-centric business in the region. As TFS continues to grow in Latin America, we are committed to finding better ways of servicing local clientele," said Ronald Schlosser, Group President, Thomson Financial Publishing Group.

This acquisition comes as part of TFS' recently announced major business development initiative in Latin America. TFS has opened regional offices in Buenos Aires, Mexico City, and Sao Paulo, with a Chilean office scheduled to open in the first quarter of 1999.

"We are growing our business in Latin America through a number of avenues, including new regional offices, a dedicated sales force, and an increased number of product offerings. The addition of Latin Fund Management is yet another indication of our commitment to building the Thomson Financial Services presence in Latin America," said William G. Holman, Managing Director, TFS Latin America.

Printed in Spanish, Latin Fund Management (www.thebook.com/lfm) is a monthly newsletter offering news, analysis and statistics on the money management industries of Latin America, emphasizing the local talent that exists in these countries and the foreign companies participating in these markets. SDP also plans to translate and market Latin Fund Management in English as part of its Sales and Marketing product line.

"Latin Fund Management represents SDP's entry point into Latin America as its first newsletter geared toward the Latin American financial services markets," said Wendi Winshall, Vice President and Executive Group Publisher, SDP. "It also signifies SDP's commitment to offering its customers a variety of products and services that focus on both the domestic and international markets."

"Combining SDP's global business resources and high-quality editorial content with the specialized coverage of Latin Fund Management," said Alejandro Bedoya, Senior Investment Banker at Banco de Valores in Buenos Aires and current Latin Fund Management subscriber, "guarantees that Latin Fund Management will continue to provide me with the most comprehensive news and analysis of the Latin American markets."

Securities Data Publishing (SDP), a unit of Thomson Financial Services, delivers global business information resources to the institutional and retail financial services community by providing high-quality, in-depth news coverage and analysis of the financial services markets. With such key publications as: Financial Planning, Investment Dealers' Digest, Traders and Employee Benefit News magazines; Mutual Fund Market News, Variable Annuity Market News, Mergers & Acquisitions, Venture Capital Journal; and Investor Relations Business newsletters and its growing line of directories, online services and industry conferences, SDP keeps its customers up-to-date on the fast-paced changes and trends in their marketplace.

Thomson Financial Services (TFS), is a leading provider of information services and work solutions to the worldwide financial community. TFS employs more than 8,000 people in more than 40 locations dedicated to the success of our clients and is part of The Thomson Corporation (TTC). With annual revenues approaching US$6 billion, TTC is one of the world's leading information and publishing companies. TTC's common shares are traded on the Toronto, Montreal and London stock exchanges. For more information, visit the TFS Web site at www.tfn.com.