Exhibit
  4.10.3

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REUTERS GROUP PLC

DEVIN WENIG

SERVICE AGREEMENT






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TABLE OF CONTENTS



Page1.
        
        DEFINITIONS
        12.
        
        DURATION OF EMPLOYMENT
        13.
        
        ROLE, POWERS AND DUTIES
        14.
        
        NORMAL PLACE OF WORK
        25.
        
        HOURS OF WORK
        36.
        
        FEE
        37.
        
        EXPENSES
        38.
        
        OTHER INTERESTS
        39.
        
        INVENTIONS AND IMPROVEMENTS
        410.
        
        CONFIDENTIALITY
        511.
        
        TERMINATION
        612.
        
        GARDEN LEAVE AND SUSPENSION
        1013.
        
        CONTINUING OBLIGATIONS
        1014.
        
        WAIVER
        1215.
        
        AMENDMENTS
        1216.
        
        NOTICES
        1217.
        
        OTHER AGREEMENTS
        1318.
        
        GOVERNING LAW
        1319.
        
        WITHHOLDING TAX
        13SCHEDULE 1
        14OTHER BENEFITS
        14SCHEDULE 2
        15COMPETING BUSINESS CONCERNS
        15AS AT THE DATE OF THIS AGREEMENT
        15


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THIS AGREEMENTis made on 31 January 2006

BETWEEN

(1)REUTERS
  GROUP PLCregistered in England with
  No. 3296375 whose registered office is at The Reuters Building, South Colonnade,
  Canary Wharf, London E14 5EP (theCompany);
  and

(2)
           DEVIN NORSE WENIGof #4F
          27 North Moore, New York, NY 10013 (you).


ITISAGREEDas follows:

1.
        DEFINITIONS


In this Agreement the following expressions shall have the following meanings:

Boardmeans the board of directors of Reuters Group PLC or a duly constituted committee of the board of directors;

Employmentmeans your employment in accordance with the terms and conditions of this Agreement;

Groupmeans the Company, any holding company of the Company and any subsidiary of the Company or of any such holding company (with holding company and subsidiary having the meanings given to them by section 736 of the Companies Act 1985).Group CompanyandGroup Companiesshall be construed accordingly; and

Remuneration Committeemeans the remuneration committee of the Board.

2.
        DURATION OF EMPLOYMENT


2.1 It
  is acknowledged that the company and you entered into an Agreement dated 17
  February 2003 setting out the terms of your Employment (theOriginal
  Agreement). It is further acknowledged
  that:

(a)
        this Agreement shall supersede and replace the Original Agreement with effect from 31 March 2006 in respect of the period of your Employment from 31 March 2006;


(b)
        nothing in this Agreement shall amend or alter the provisions of the Original Agreement in respect of the period 17 February 2003 to 30 March 2006 or of any award made thereunder.


3.
        ROLE,POWERS AND DUTIES


3.1 You
  will serve the Company as Executive Director or in such other capacity of a
  like status as the Company may require.



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3.2 Subject
  to Clause 4, you will exercise such powers and perform such duties in relation
  to the business of the Company and the Group, being duties which are appropriate
  to your senior status, as may be assigned to you by the Chief Executive of the
  Company after taking into account the opinion of the Board.

3.3 
        During
          the Employment you will:


(a)
        devote substantially the whole of your working time, attention and abilities to carrying out those duties and , where appropriate, duties in any other Group Company in a proper, loyal and efficient manner;


(b)
        use all reasonable endeavours to promote the interests of the Company and any other Group Company which you may be required to serve under the terms of this Agreement;


(c)
        have due regard to the Reuters Trust Principles and to the rights and duties of the Reuters Trustees as set out in the Memorandum and Articles of Association of the Company and the Memorandum and Articles of Association of Reuters Founders Share Company Limited insofar as, by the proper exercise of your powers (and in accordance with your other duties) as director of the Company, the Reuters Trust Principles are capable of being observed by you;


(d)
        have due regard to the provisions of the Reuters Code of Conduct (as notified to you from time to time) and, so far as reasonably practicable in the performance of your duties, observe all material provisions of that Code;


(e)
        comply with the Reuters Share Dealings Code (as notified to you from time to time); and


(f)
        have due regard to the provisions of all other policies which are applied to you by the Company, as notified to you from time to time.


3.4 
          You are entitled to take independent professional advice, at the expense
          of the Company, where such advice is reasonably required for the furtherance
          of your duties as a director of the Company and provided that before
          taking such advice you obtain the written consent of one other director
          and send a copy of such consent to the Company Secretary and that the
          Companys expenditure on such advice does not exceed £50,000
          per annum.


4.
        NORMAL PLACE OF WORK


4.1 Your
  normal place of work is at the head office of Reuters America, 3 Times Square,
  New York. You may be required, in the performance of your duties, to travel
  both domestically and internationally. .

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5.
        HOURS
          OF WORK


5.1 You
  will work the Companys normal working hours together with such additional
  hours as may reasonably be required for the proper performance of your duties.

6.
        FEE


6.1 
        You
          will be paid a fee at such rate as is set out in an annual letter to
          you from the Company.


6.2 Your
  fee will accrue from day to day and be payable in monthly instalments on or
  around the 15th of each month.

6.3 You
  are not entitled to any other fees as director of the Company or any other Group
  Company and you must, as the Company directs, either waive your rights to any
  such fees or account for the same to the Company, (failing which it will be
  deducted from your salary). Nothing in this Clause 6.3 shall affect your entitlement
  to receive a salary and employee related benefits in respect of your employment
  with Reuters America LLC as President of Customer Segments or in any position
  to which you are subsequently appointed.

7.
        EXPENSES


7.1 Subject
  to the Companys policies on executive directors expenses and executive
  directors spouse expenses (as notified to you from time to time), the
  Company will reimburse to you all reasonable travelling, hotel and other out-of-pocket
  expenses properly incurred by you and your spouse in the execution of the duties
  of the Employment against production of valid receipts and properly completed
  expense reports.

8.
        OTHER INTERESTS


8.1 During
  the Employment you will be entitled to accept appointments as a non-executive
  director of companies other than a Group Company subject to:

(a)
        the prior written consent of the Chief Executive of the Company (such consent to be confirmed by the Board); and


(b)
        the Companys policy on non-executive directorships (as notified to you from time to time).


You may retain any fees received as a non-executive director provided they are paid in cash rather than in stock, other securities or options. For the avoidance of doubt, you will not be permitted to retain any fees received as a non-executive director of any Group Company or Associated Company. Days of service as a non-executive director will not be deducted from your holiday entitlement provided that you shall not spend more than ten working days in aggregate in any year in such service. At any

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time during the Employment the Company may, with reasonable cause, require you to resign any non-executive directorship held. Reasonable cause for this purpose shall include but not be limited to a conflict of interest and such other reason or reasons as may be specified in the Reuters Code of Conduct (as notified to you from time to time).

8.2 During
  the Employment you will not be directly or indirectly concerned in any business,
  trade, profession or other occupation (whether as an employee, consultant, agent,
  director or otherwise) of a similar nature to or competitive with that carried
  on by the Company or any Group Companies except:

(a)
        as a representative or officer of a Group Company;


(b)
        as a non-executive director under Clause 8.1;


(c)
        by virtue of your being interested in securities not representing more than one per cent. of a companys issued securities of any class which are either (i) listed on a recognised stock exchange or dealt on an unlisted securities market or an alternative investment market or authorised for quotation in a recognised inter-dealer quotation system or (ii) of a private company whose shares the Chief Executive of the Company has authorised you to hold; or


(d)
        with the prior written consent of the Board.


8.3 You
  may serve on the board of religious, charitable or public service organisations
  or otherwise be engaged in the activities of such organisations provided so
  serving or being so engaged does not prejudice your ability to fulfil your duties
  under this Agreement.

9.
        INVENTIONS AND IMPROVEMENTS


9.1 It
          will be part of your normal duties at all times:


(a)
        to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of the Company and other Group Companies with which you are concerned or for which you are responsible might be improved; and


(b)
        promptly to give to the Company Secretary of the Company full details of any invention or improvement which you may from time to time make or discover in the course of your duties.


Subject to the Patents Act 1977, the Company will be entitled free of charge to the sole ownership of any such invention or improvement and to the exclusive use of it.

9.2 You
  assign to the Company (or to such other Group Company as the Company may direct)
  all copyrights, designs and other proprietary rights, if any, which may be so
  assigned in respect of all works and designs created by you or relating to your
  responsibilities during the Employment for the full term of those rights to
  the intent

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that those rights will immediately upon the completion of the relevant work vest with the Company (or with such other Group Company as the Company may direct).

9.3 At
  the request and cost of the Company, you will do all such acts and things as
  may in the opinion of the Board be necessary or conducive to vest such rights
  in the Company (or in such other Group Company as it may direct). You irrevocably
  authorise the Company for the purposes of this Clause to make use of your name
  and to sign and to execute any documents or do any thing on your behalf.

9.4 You
  will not do anything knowingly to imperil the validity of any patent or protection
  or any application for a patent or protection.

9.5 You
  will not either during or after the termination of the Employment and any other
  employment within the Group, exploit or assist others to exploit any invention
  or improvement which you may from time to time make or discover in the course
  of your duties or (unless it shall have become public knowledge) make public
  or disclose any such invention or improvement or give any information in respect
  of it except to the Company or as the Company may direct.

9.6 You
  irrevocably waive in favour of the Company (and in favour of such other Group
  Company as the Company may direct), its licensees and successors-in-title any
  and all moral rights in any works (existing or future) which are the subject
  of copyright made by you in the course of the Employment and any other employment
  within the Group.

10.
        CONFIDENTIALITY


10.1 During
  and after the termination of the Employment and any other employment within
  the Group, you will at all times keep confidential all private information about
  the Company and other Group Companies including technical and financial information
  which you may have acquired while in the employment of the Company or of any
  other Group Company. You will not use such information for your own benefit
  or for the benefit of any business not within the Group. You will keep such
  information confidential to yourself, to other members of the Board and to anybody
  who needs such information in order to properly discharge his duties to the
  Company or any Group Company. Such information includes (without limitation)
  the following:

(a)
        the business methods and information of the Company and any other Group Companies (including, without limitation, prices charged, discounts given to customers or obtained from suppliers, product development, marketing and advertising programmes, costing, budgets, turnover, sales targets and other financial information);


(b)
        lists and particulars of the suppliers and customers of the Company or of any other Group Companies and the individual contacts at such suppliers and customers;


(c)
        details and terms of the Agreements with suppliers and customers of the Company or of any other Group Companies;


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(d)
        secret development manufacturing or production processes and know-how employed by the Company or any other Group Companies or their respective suppliers; and


(e)
        confidential details as to the design of the products and inventions or processes relating to the provision of services or developments relating to future products and services of the Company or of any other Group Companies or those of their respective suppliers.


10.2 These
  restrictions shall not apply to any disclosure or use authorised by the Board
  or required by law or by the requirements of any regulatory or other authority
  to which the Company or any other Group Company is subject.

10.3 These
  restrictions shall not apply to information that is already in the public domain
  other than in cases where such information has become public as a result of
  a breach by you of these restrictions.

10.4 These
  restrictions shall not restrict you from using your own personal skill in any
  business in which you may lawfully be engaged after termination of the Employment
  and any other employment within the Group.

11.
        TERMINATION


Summary termination

11.1 The
  Company may terminate the Employment and any other employment within the Group,
  by immediate notice in writing and without payment of any kind other than salary
  and bonus accrued at the date of termination:

(a)
        if in the reasonable opinion of the Board you are guilty of any:


(i)
        serious misconduct;


(ii)
        persistent misconduct continuing after demand for cessation of such misconduct is delivered in writing by the Board or by the Company Secretary on instruction from the Board; or


(b)
        if you commit any material breach of any material provision of this Agreement;


(c)
        if you neglect or refuse to carry out any material part of your duties (other than for a reason mentioned in Clause 11.2);


(d)
        if you engage in any conduct which brings or is likely to bring the Company or any other Group Companies, in the reasonable opinion of the Board, into disrepute;


(e)
        if you become bankrupt or enter into a composition with your creditors or apply for a receiving order or have a receiving order made against you;


(f)
        if you become prohibited by law from being a director; or


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(g)
        if you terminate your directorship of the Company without the consent of the Board.


Termination by the Company through illness

11.2 The
  Company may terminate the Employment and any other employment within the Group,
  if you are prevented by illness (including mental illness) or injury from attending
  to your duties for more than 365 days in aggregate in any one period of 24 consecutive
  calendar months. Termination through loss of directorship

11.3 If
  you are removed from the office of director of the Company, or the Company fails
  in general meeting to re-elect you as a director of the Company (if, under the
  Articles of Association or other constitutional documents for the time being
  of the Company as the case may be, you are obliged to retire by rotation or
  otherwise), then the Company may elect that the Employment, and any other employment
  within the Group, shall terminate immediately without prejudice to the right
  of either party to this Agreement to treat any act or omission causing such
  removal from office as a breach of this Agreement.

Termination on change of control

11.4 Notwithstanding
  the provisions of Clause 11.5, you may terminate the Employment and any other
  employment within the Group, by giving the Company one months notice in
  writing, such notice to be given within three months after a Change of Control
  unless a third party acquiring control of more than 50% of the voting rights
  of the Company has agreed to adopt the Reuters Trust Principles and the rights
  and duties of the Reuters Trustees as set out in the Memorandum and Articles
  of Association of the Company and in the Memorandum and Articles of Association
  of Reuters Founders Share Company Limited and to use its best endeavours to
  procure that the Principles and such rights and duties are observed and upheld
  within the Company and any holding company of the Company. A Change of Control
  shall for the purpose of this Agreement occur where more than 50% of the voting
  rights of the Company become controlled by any third party (including persons
  acting in concert but excluding Reuters Founders Share Company Limited) or the
  Company sells or otherwise disposes of all or substantially all of its assets
  with the approval of the Companys shareholders, other than for the purposes
  of a reconstruction or reorganisation in which (A) the ultimate ownership of
  the Company or substantially all its assets is unaffected or (B) a new holding
  company for the Company is created, where the new holding company has substantially
  the same shareholders and proportionate shareholdings as those of the Company
  immediately prior to the interposition of the new holding company.

Termination in other circumstances

11.5 Subject
  to earlier termination in accordance with the provisions of this Clause, the
  Employment and any other employment within the Group, will continue until terminated:

(a)
        by the Company giving you 12 months written notice; or


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(b)
        by you giving the Company 12 months written notice.


The Company may, in its sole discretion, elect to terminate the Employment and any other employment within the Group, without giving you notice or the full period of notice required by (a) in which event you will be entitled to receive a payment calculated in accordance with Clause 11.6.

Liquidated damages

11.6 This
          Clause applies if:


(a)
        the Employment and any other employment within the Group, is terminated by the Company otherwise than a termination (i) in accordance with Clause 11.1 or (ii) where removal from office takes place in circumstances justifying summary termination under Clause 11.1, in accordance with Clause 11.3 or (iii) in accordance with Clause 11.5 unless the final sentence of Clause 11.5 applies in which case this Clause will apply;


(b)
        you are constructively dismissed which for these purposes shall include (without limitation):


(i)
        the assignment to you of any duties inconsistent in any respect with your position (including status, offices, titles and reporting requirement), authority, duties or responsibilities; or


(ii)
        any other action by the Company which results in a diminution in such position, authority, duties or responsibilities, but excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by you; or


(c)
        you terminate the Employment and any other employment within the Group, under Clause 11.4.


Where this Clause applies, the Company will (subject to the remainder of this Clause) pay to you by way of liquidated damages of your annual fee immediately prior to the date of termination of the Employment;

In the event that the Company requires you to work only part of the notice period required by Clause 11.5(a), the liquidated damages payment under this Clause 11.6 will be reduced by an amount equal to the annual fee paid to you or on your behalf in respect of the period of notice worked.

The payment under this Clause 11.6 shall be in full and final settlement of all and any claims or rights of action that you have or may have against the Company and against

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any other Group Company and against their respective officers and employees in connection with the Employment or its termination.

The payment under this Clause 11.6 shall be paid in advance in four equal quarterly instalments (in each case less any necessary withholdings) from the date of termination of your Employment. No further instalment will be payable after the date on which you commence alternative employment at a basic annual salary of or in excess of 50% of your basic annual salary at the date of termination. Payment will be conditional on you not bringing any claims before a court or tribunal relating to the Employment and any other employment within the Group, and/or its termination.

Return of documents

11.7 On
  termination of the Employment and any other employment within the Group, for
  any reason or, at the request of the Company, when notice to terminate the Employment
  and any other employment within the Group, is given, you must immediately deliver
  to the Company (without keeping any copies):

(a)
        all documents, papers and materials and any other property of the Company and of any other Group Companies; and


(b)
        all documents or other media on which confidential information about the Company and any other Group Companies is recorded,


in your possession or under your control.

Resignation as a director

11.8 On
  termination of the Employment for any reason, you must immediately, at the request
  of the Company resign your office as a director of the Company and of any other
  Group Company or Associated Company without compensation for loss of office
  but without prejudice to any rights which you may have to treat such request
  as a breach of this Agreement.

Share schemes

11.9 It
  is acknowledged that you may, during the Employment, be granted rights upon
  the terms and subject to the conditions of the rules from time to time of the
  Reuters Group PLC Long Term Incentive Plan or any other profit sharing, share
  incentive, share option, bonus or phantom option scheme operated by the Company
  or any other Group Company with respect to shares in the Company or any other
  Group Company. If, on termination of the Employment and any other employment
  within the Group,, whether lawfully or in breach of contract you lose any of
  the rights or benefits under such schemes (including rights or benefits which
  you would not have lost had the Employment and any other employment within the
  Group, not been terminated) you shall not be entitled, by way of compensation
  for loss of office or otherwise howsoever, to any compensation for the loss
  of any rights under any such scheme.

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12.
        GARDEN LEAVE AND SUSPENSION


12.1 The
  Company may at any time or from time to time suspend you from the performance
  of your duties and/or exclude you from any of the premises of the Company or
  of any other Group Company:

(a)
        during any period of notice or any part of a period of notice as specified in Clauses 11.4 or 11.5; or


(b)
        in circumstances in which the Company reasonably believes that you are guilty of misconduct or are in breach of this Agreement and in order that the circumstances giving rise to that belief may be investigated.


12.2 The
  Company is not required to give any reason for suspending or excluding you.
  Your fee will not cease to be payable by reason only of such suspension or exclusion.

12.3 During
  any period of suspension or exclusion, you will not contact or deal with customers,
  suppliers or employees of the Company or of any other Group Company or enter
  onto the premises of the Company or of any Group Company without the prior written
  consent of the Chief Executive of the Company.

12.4 The
  provisions of Clause 8.2 shall remain in full force and effect during any period
  of suspension under this Clause 12. You will also continue to be bound by duties
  of good faith and fidelity to the Company during any period of suspension under
  this Clause 12.

13.
        CONTINUING OBLIGATIONS


Non-representation

13.1 You
  will not at any time after the termination of the Employment directly or indirectly
  represent yourself as being in any way connected with or interested in the business
  of the Group (except, if it is the case, as a shareholder of the Company, an
  employee of a Group Compnay or as a director of the Company).

Non-solicitation of employees

13.2 You
  must not for a period of 12 months after the termination of the Employment solicit,
  interfere with or attempt to entice away from the Company or any other Group
  Company or employ or engage any employee of the Company or of any other Group
  Company with whom you had business dealings or who reported to you or about
  whom you became informed, directly or indirectly, during the period of 12 months
  preceding the date of termination of the Employment and who is or was employed
  or engaged by the Company or by any other Group Company:

(a)
        as a director or in a managerial or technical capacity; or


(b)
        you know (or ought reasonably to know) could materially damage the interests of the Company or any other Group Company if he became employed in any


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business in competition with the business of the Company or of any other Group Company.

Non-solicitation of business

13.3 You
  must not for a period of 12 months after the termination of the Employment solicit,
  interfere with or attempt to entice away from the Company or any other Group
  Company the business or custom of any firm, company or other person who, during
  the period of 12 months preceding the date of termination of the Employment,
  was a customer of the Company or of any other Group Company with whom you had
  business dealings or about whom you became informed or over whom you had influence
  in the course of the Employment during that period, with a view to providing
  goods or services which would compete with the business of the Company or of
  any other Group Company carried on at the date of termination of the Employment
  and with which you were materially involved during that period.

Non-dealing

13.4 You
  must not for a period of 12 months after the termination of the Employment (except,
  if it is the case as an employee of a Group Compnay) deal with any person, firm
  or company who during the period of 12 months preceding the date of termination
  of the Employment was a customer or potential customer of the Company or of
  any other Group Company and (in the case of a customer) to whom you provided
  services on behalf of the Company or any other Group Company or (in the case
  of a potential customer) with whom you had business dealings with a view to
  obtaining business for the Company or any other Group Company and in each case
  with whom you had business dealings or about whom you became informed or over
  whom you had influence in the course of the Employment during that period, with
  a view to providing goods or services which would compete with the business
  of the Company or of any other Group Company carried on at the date of termination
  of the Employment and with which you were materially involved during that period.

Non-competition

13.5 You
  must not, for a period of 12 months after the termination of the Employment,
  be engaged in or concerned in any capacity in any business concern which is
  in competition with the business of the Company or of any other Group Company.
  A list of such business concerns as at the date of this Agreement is set out
  in Part 1 of Schedule 2 to this Agreement. Unless you have the prior approval
  of the Chairman and the Chief Executive of the Company you may not, for a period
  of 12 months after the termination of the Employment, be engaged in or concerned
  in any capacity in any of the business concerns named in the lists set out in
  Parts 2 and 3 of Schedule 2 of this Agreement. The lists in Schedule 2 may be
  amended by the Board acting reasonably (provided that the number of business
  concerns included in Schedule 2 at any one time shall not exceed 15) and each
  such amendment shall be notified to you from time to time. This Clause shall
  not restrain you from being engaged or concerned in any business concern in
  so far as your duties or work relate solely to services or activities of a kind
  with which you were not concerned to a material extent during the period of
  six months preceding the date of termination of the Employment.

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Extension to other persons

13.6 The
  obligations imposed on you by this Clause 13 extend to you acting not only on
  your own account but also on behalf of any other firm, company or other person
  and shall apply whether you act directly or indirectly.

Acknowledgement of reasonableness

13.7 The
  restrictions contained in this Clause 13 are considered by you and the Company
  to be reasonable in all the circumstances. Each part of this Clause constitutes
  an entirely separate and independent restriction and the duration, extent and
  application of each of the restrictions are not greater than is necessary for
  the protection of the commercial interests of the Group and their stable trained
  workforce.

No disparaging statements

13.8 Each
  party agrees during, and after termination of, the Employment not to make, publish
  or cause to be made, published or issued or otherwise communicate to any third
  party any disparaging or derogatory statements to any third party concerning
  you or the Company or any Group Company or any of its or their current executives,
  officers, employees, agents or consultants, provided that nothing in this Agreement
  will prevent you or the Company from disclosing information as required by law
  or in order to take professional advice or as ordered by a court of competent
  jurisdiction.

14.
        WAIVER


14.1 Any
  delay or forbearance by the Company in exercising any right of determination
  of this Agreement shall not constitute a waiver of it.

15.
        AMENDMENTS


15.1 No
  amendment or waiver of any of the provisions of this Agreement shall be effective
  unless made in writing and signed by you and a director or the Company Secretary
  of the Company.

16.
        NOTICES


16.1 Any
  notice required to be served under this Agreement may be given either personally,
  by fax or by registered post:

(a)
        to the Company at its registered office for the time being; or


(b)
        to you at the address at the start of this Agreement or your last known address.


Any notice to be given under this Agreement to you may be served by being handed to you personally or by being sent by recorded delivery first class post or by fax to you at your usual or last known address; and any notice to be given to the Company may be served by being marked for the attention of the Company Secretary and by being left at or by being sent by recorded delivery first class post or by fax to its registered office for the time being. Any notice served by post shall be deemed to have been served on the second day (excluding Sundays and statutory holidays) next

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following the date of posting and in proving such service it shall be sufficient proof that the envelope containing the notice was, in your case, addressed to you at your usual or last known address and, in the case of the Company, addressed to it marked for the attention of the Company Secretary at its registered office for the time being, and in either case posted as a prepaid letter by recorded delivery. Any notice served by fax shall be deemed to have been served twelve hours after the time of despatch.

17.
        OTHERAGREEMENTS


17.1 You
  acknowledge and warrant that there are no Agreements or arrangements whether
  written, oral or implied between the Company or any other Group Company and
  you relating to your employment or the Employment other than those which are
  expressly set out in this Agreement and that you are not entering into this
  Agreement in reliance on any representation not expressly set out in this Agreement.
  For the purposes of this Clause 17.1, this acknowledgement and warranty will
  not apply to the terms of your Service Agreement with Reuters America Inc dated
  June 2003.

18.
        GOVERNING LAW


18.1 This
  Agreement will be governed by and construed under English law without regard
  to its conflicts of laws provisions, and each of the parties hereby irrevocably
  agrees for the exclusive benefit of the Company that the Courts of England are
  to have jurisdiction to settle any disputes that may arise out of or in connection
  with this Agreement.

19.
        WITHHOLDINGTAX


19.1 All
  amounts payable to you under this Agreement shall be subject to applicable withholding
  of income, salary and such other withholdings that the Company determines are
  required to be withheld in accordance with applicable laws.

AS
  WITNESS whereof this Agreement has been signed by or on behalf of the parties
  to it on the day and year first above written.

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SCHEDULE 1

OTHER BENEFITS

None

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SCHEDULE 2

COMPETING BUSINESS CONCERNS

AS AT THE DATE OF THIS AGREEMENT

Part 1

Competing Business Concerns

AOL Time Warner

Bloomberg L.P.

Pearson PLC

Quick Corporation of Japan

Telekurs A.G.

SunGard

The Electronic Broking Service

Part 2

Companies with Divisions which compete with Reuters

The Thomson Corporation

The McGraw Hill Companies

The Dun & Bradstreet Corporation

Reed Elsevier P.L.C./Elsevier N.V.

Part 3

Companies with which Reuters has a strategic relationship

Yahoo! Inc.

Page 15

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SIGNED
          by
        )
                            /s/ Niall FitzGeraldfor and on behalf of
        )REUTERS
          GROUP PLC
        )in the presence of:-
        )




SIGNED
          as a DEED
        )and
          DELIVERED by
        )DEVIN
          WENIG
        )/S/
      DEVIN WENIGin the presence of :-
        )


Page 16

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