Mr. Zoe Zanettos reports

THOMSON REUTERS PROVIDES SUPPLEMENTAL FINANCIAL INFORMATION FOLLOWING CLOSE OF GLOBAL PRINT TRANSACTION

As previously announced on Oct. 1, 2026, Thomson Reuters Corp. sold a 51-per-cent stake in its Global Print business to capital accounts advised by KKR, with the two parties forming a joint venture to operate the Global Print business, now operating as Westbridge Print.

As a result of this transaction, Thomson Reuters will report Global Print as discontinued operations beginning in the third quarter of 2026. Prior periods presented will be restated to reflect this change. A supplemental schedule has been posted to the investor relations section of the company's website, with revised 2025 and 2026 results that exclude the Global Print business.

On Aug. 5, 2026, the company provided a third quarter 2026 outlook for organic revenue growth of approximately 8 per cent and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin of approximately 36 per cent, which included the results of the Global Print business. Calculated on the basis the company will use to report its third quarter results, the previously provided outlook would have been approximately 9-per-cent organic revenue growth and approximately 35-per-cent adjusted EBITDA margin.

The revised historical information and the third quarter 2026 outlook do not reflect certain arrangements that began on Oct. 1, 2026, namely:

• Westbridge Print will pay a royalty to Thomson Reuters equal to 20 per cent of its professional revenue (approximately 85 per cent to 90 per cent of total Westbridge Print revenue) for the exclusive licence to distribute the company's intellectual property in print and on ProView, its e-book platform.
• Westbridge Print has entered into a multiyear agreement with Thomson Reuters where it will reimburse the company for certain transition services as the joint venture migrates to a stand-alone entity.

Beginning with fourth quarter results, the impact of the royalty and transitional services arrangements are expected to largely offset stranded costs from the separation. As a result, the company continues to expect the impact from the Global Print transaction to be approximately neutral to adjusted EBITDA margin following the transaction close, as well as 60 to 70 basis points accretive to annual organic revenue growth.

The company will issue a revised full-year 2026 outlook when it reports its third quarter earnings on Nov. 3, 2026.

About Thomson Reuters Corp.

Thomson Reuters informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news.

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