|Chase Manhattan International
LimitedTrinity Tower9 Thomas More StreetLondon E1W 1YT
18 April 2000
Reuters Group PLC85 Fleet StreetLondon EC4P 4AJ




Reuters Investments Limited85 Fleet
StreetLondon EC4P 4AJ



Dear Sirs


Syndicated Credit
Facility dated 4 December 1997 between Reuters Group Limited (subsequently
re-registered as Reuters Group PLC) (as Parent), Reuters Investments
Limited (as Original Borrower), Chase Manhattan PLC (as Arranger), certain
financial institutions (as Banks) and Chase Manhattan International Limited (as
Agent) (the Facility Agreement).


We refer to the Facility
Agreement. Terms defined in the Facility Agreement have the same meaning in this
letter.


We hereby agree that the
following amendments be made to the Facility Agreement:
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|1 |  | A
new paragraph (k) shall be added to the definition of Permitted Encumbrance which shall
read as follows:
|- |  | ------------------------------------------------------------------------------------------------------------

| | (k) |  | any
Encumbrance arising from any repo or similar sale and purchase agreement entered into by
any member of the Group; and
| | ---- |  | --------------------------------------------------------------------------------------------------------------------------

|2 |  | The
current paragraph (k) of the definition of Permitted Encumbrance shall be renumbered
paragraph (l).
|- |  | ---------------------------------------------------------------------------------------------------------

|This letter may be signed
in any number of counterparts.
|--------------------------------------------------------

|It is intended that this
letter takes effect as a Deed not withstanding the fact that a party may only
execute this letter under hand.


Please acknowledge your
acceptance of the terms of this letter by signing and returning the enclosed
copy of this letter.


This letter is governed by
English Law.



Yours faithfully
For and on behalf ofChase
Manhattan International Limited(in its capacity as Agent (and acting on behalf of the Majority Banks))

Accepted and agreed to as
of the date first above written.
Executed as a Deed and delivered by
Reuters Group PLC acting by a director and the Secretary

Executed as a Deed and delivered by
Reuters Investments Limited acting by a directorand the Secretary
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------