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REUTERS BUYS STAKE IN GERMAN SOFTWARE HOUSE

 LONDON, March 10 /PRNewswire/ -- Reuters has purchased a 51 percent capital stake in the German software house Euro-FIS GmbH from INASYS GmbH, a Bonn-based software specialist in portfolio management and security research applications. The consideration paid and the assets acquired are not material in the context of Reuters net assets.
 "We are formalizing our relationship with Euro-FIS as we consider their products to be of strategic importance for Reuters in continental Europe," said Jean-Claude Marchand, managing director of Reuters Continental Europe. "It opens up a new market for Reuters - the distribution of financial information to clients' branch offices by utilizing their own hardware and network facilities."
 Rolf Natzke, managing director of Euro-FIS, commented: "Through the 51 percent investment by Reuters, Euro-FIS will be able to provide and guarantee high quality and competitive products in the long-term."
 Euro-FIS GmbH is a software company that has developed the Euro-FIS IBM Mainframe and Euro-FIS PC applications.
 Reuters has the worldwide distribution rights for the Euro-FIS IBM Mainframe application as well as the Euro-FIS PC and DDE (dynamic data exchange) applications.
 The Euro-FIS Mainframe application runs on the clients' existing IBM host and distributes financial information from the Reuters BDF (Branch Datafed) system to all authorized and permissioned 3270 terminal and PC workstation users. The Euro-FIS application is a plug compatible upgrade option for clients who operate PCs rather than 3270 terminals on their networks.
 The BDF/Euro-FIS product was launched in Germany in 1992 and further releases are planned in 1993. The most important feature of BDF/Euro- FIS is the seamless integration of turnkey software into an IBM 3090 environment.
 -0- 3/10/93
 /CONTACT: Robert Crooke of Reuters America, 212-603-3587/


CO: Reuters America Inc. ST: IN: SU:

SM-WB -- NY023 -- 4865 03/10/93 10:22 EST
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Date:Mar 10, 1993
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