RNS Number:0093T
Reuters Group PLC
08 December 2003

8 December 2003                                                    12/03


                               INSTINET STATEMENT


London - Instinet, the electronic brokerage in which Reuters Group has a 63%
stake, today announced that Glenn H. Hutchins has resigned from Instinet Group's
Board of Directors. In addition, Silver Lake, in which Mr. Hutchins is a founder
and managing member, has advised Instinet and the other shareholders party to
the shareholder arrangements entered into at the time of the Instinet-Island
merger that it is withdrawing its participation in those agreements. Silver Lake
Partners currently owns less than three percent of Instinet Group's total common
shares outstanding.

Instinet's full statement follows at the end of this press release.

End


Contacts


Press - UK                            Tel: +44 (0) 20 7542 8404

Susan Allsopp

susan.allsopp@reuters.com


Investors - UK                        Tel:  +44 (0) 20 7542 7057

Miriam McKay

miriam.mckay@reuters.com


Forward-looking Statements


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Fleet Street, London EC4P 4AJ.


                      INSTINET GROUP BOARD MEMBER RESIGNS


New York, Dec. 5, 2003--Instinet Group Incorporated (Nasdaq: INGP) today
announced that Glenn H. Hutchins has resigned from Instinet Group's Board of
Directors. Mr. Hutchins has served as a director of Instinet Group since
September 20, 2002, and is a founder and managing member of Silver Lake
Partners, a leading private equity investment firm. In addition, Silver Lake has
advised Instinet and the other shareholders party to the shareholder
arrangements entered into at the time of the Instinet-Island merger that it is
withdrawing its participation in those agreements. Silver Lake Partners
currently owns less than three percent of Instinet Group's total common shares
outstanding.


"I have enjoyed serving on Instinet's Board and was pleased to be able to
oversee a smooth management transition following Instinet's acquisition of the
Island ECN," said Hutchins. "With a premier management team firmly in place,
Instinet now has a very solid footing as a market leader, making this an
appropriate time for me to shift my focus to other portfolio companies."


"On behalf of the Board and management of Instinet Group, I would like to thank
Glenn for his outstanding service on the Instinet Board. All of us deeply
appreciate his time, dedication and commitment. We will miss him both for his
sound advice and valued friendship during his tenure on the Board. We wish him
the best in his future

endeavors," said Edward J. Nicoll, Chief Executive Officer of Instinet Group.


Ends



Investor Contact

John Pitt, 212-310-7481

john.pitt@instinet.com


Media Contact

Stephen Austin, 212-310-4037

stephen.austin@instinet.com


About Instinet


Instinet, through affiliates, is the largest global electronic agency securities
broker and has been providing investors with electronic trading solutions for
more than 30 years. Our services enable buyers and sellers worldwide to trade
securities directly and

anonymously with each other, have the opportunity to gain price improvement for
their trades and lower their overall trading costs. Instinet is part of the
Reuters family of companies.  Through our electronic platforms, our customers
also can access

over 40 securities markets throughout the world, including NASDAQ, the NYSE and
stock exchanges in Frankfurt, Hong Kong, London, Paris, Sydney, Tokyo, Toronto
and Zurich. We also provide our customers with access to research generated by
us and by third parties, as well as various informational and decision-making
tools. We act solely as an agent for our customers and do not trade securities
for our own

account or maintain inventories of securities for sale.


This press release is for information purposes only and is not intended as an
offer or solicitation with respect to the purchase or sale of any security.
While Instinet  believes the information contained herein is reliable, we do not
guarantee its accuracy, and it may be incomplete or condensed. These statements
speak only as of this news release and Instinet undertakes no obligation to
update publicly any of the information contained herein, in light of new
information or future events.


(C) 2003 Instinet Group Incorporated and its affiliated companies. All rights
reserved. INSTINET and INET are service marks in the United States. Inet ATS,
Inc. (formerly The Island ECN, Inc.), member NASD/NSX/SIPC, is a subsidiary of
Instinet Group Incorporated. Instinet, LLC, (formerly Instinet Corporation),
member NASD/SIPC, is a subsidiary of Instinet Group Incorporated.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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