Reuters Group PLC

RE: REUTERS GROUP PLC
    CHF 50,000,000.00
    MATURING: 18-Apr-2005
    ISSUE DATE: 18-Apr-2002
    ISIN: XS0146593230

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Oct-2003 TO 19-Jan-2004 HAS BEEN FIXED AT 0.325000 PCT.

INTEREST PAYABLE VALUE 19-Jan-2004 WILL AMOUNT TO
CHF 82.15 PER CHF 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.