**Exhibit 4.6.5**

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**CONFORMED COPY**

**PRICING SUPPLEMENT**

24th March, 1999

**REUTERS GROUP PLC**

**Issue of £200,000,000 5.375 per cent. Notes due 2004****underthe £1,000,000,000****Euro Medium Term Note Programme**

**The Notes constitute longer term debt securities issued in accordance with regulations made under section 4 of the Banking Act 1987.**  The Issuer of the Notes is not an authorised institution or a European authorised institution (as such terms are defined in the Banking Act 1987 (Exempt Transactions) Regulations 1997).  Repayment of the principal and payment of any interest or premium in connection with the Notes has not been guaranteed.

This document constitutes the Pricing Supplement relating to the issue of Notes described herein.  Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Offering Circular dated 16th December, 1998.  This Pricing Supplement must be read in conjunction with such Offering Circular.

| 1.     | (i)                               | Series Number:                                  | 01                                                 |
|--------|-----------------------------------|-------------------------------------------------|----------------------------------------------------|
|   |                              |                                            |                                               |
|   | (ii)                              | Tranche Number:                                 | 01                                                 |
|   |                              |                                            |                                               |
| 2.     | Specified Currency or Currencies: | Pounds sterling (£)                       |
|   |                              |                                            |                                               |
| 3.     | Aggregate Nominal Amount:         |                                            |
|   |                              |                                            |                                               |
|   |                              | Series:                                         | £200,000,000                                 |
|   |                              | Tranche:                                        | £200,000,000                                 |
|   |                              |                                            |                                               |
| 4.     | (i)                               | Issue Price of Tranche:                         | 99.88 per cent. of the Aggregate Nominal    Amount |
|   |                              |                                            |                                               |
|   | (ii)                              | Net Proceeds:                                   | £199,210,000.00                              |
|   |                              |                                            |                                               |
| 5.     | Specified Denominations:          | £1,000, £10,000, and £100,000 |
|   |                              |                                            |                                               |
| 6.     | (i)                               | Issue Date:                                     | 24th March, 1999                                   |
|   |                              |                                            |                                               |
|   | (ii)                              | Interest Commencement Date                      | Issue Date                                         |
|   |                              |                                            |                                               |
| 7.     | Maturity Date:                    | 26th November, 2004                             |
|   |                              |                                            |                                               |
| 8.     | Interest Basis:                   | 5.375 per cent. Fixed Rate                      |
|   |                              |                                            |                                               |
| 9.     | Redemption/Payment Basis:         | Redemption at par                               |
|   |                              |                                            |                                               |

 

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| 10.                                                     | Change of Interest Basis or Redemption/Payment        Basis: | Not Applicable                                                                          |
|---------------------------------------------------------|--------------------------------------------------------------|-----------------------------------------------------------------------------------------|
|                                                    |                                                         |                                                                                    |   |   |
| 11.                                                     | Put/Call Options:                                            | Not Applicable                                                                          |
|                                                    |                                                         |                                                                                    |   |   |
| 12.                                                |  Listing:                                          | London                                                                             |
|                                                    |                                                         |                                                                                    |   |   |
| 13.                                                |  Method of distribution:                           | Syndicated                                                                         |
|                                                    |                                                         |                                                                                    |   |   |
| **PROVISIONS RELATING TO INTEREST (IF ANY)    PAYABLE** |                                                         |
|                                                    |                                                         |                                                                                    |   |   |
| 14.                                                     | **Fixed Rate Note Provisions**                               | Applicable                                                                              |
|                                                    |                                                         |                                                                                    |   |   |
|                                                    | (i)                                                          | Rate of Interest:                                                                       |   | 5.375 per cent. per annum payable annually    in arrear |
|                                                    |                                                         |                                                                                    |   |   |
|                                                    | (ii)                                                         | Interest Payment Date(s):                                                               |   | 26th November in each year |
|                                                    |                                                         |                                                                                    |   |   |
|                                                    | (iii)                                                        | Fixed Coupon Amount(s):                                                                 |   | Save for the first interest period from and        including the Issue Date to but excluding 26th November, 1999, £53.75        per £1,000 in nominal amount; £537.50 per £10,000 in    nominal amount; and £5,375 per £100,000 in nominal amount |
|                                                    |                                                         |                                                                                    |   |   |
|                                                    | (iv)                                                         | Broken Amount(s):                                                                       |   | Initial Broken Amounts in respect of the        first interest period from and including 24th March, 1999 to but excluding        26th November, 1999 are £36.13 per £1,000 in nominal amount, £361.32        per £10,000 in nominal amount and £3,613.19 per £100,000    in nominal amount |
|                                                    |                                                         |                                                                                    |   |   |
|                                                    | (v)                                                          | Other terms relating to the method of    calculating interest for     Fixed Rate Notes: |   | Not Applicable |
|                                                    |                                                         |                                                                                    |   |   |
| 15.                                                     | **Floating Rate Note Provisions**                            | Not Applicable                                                                          |
|                                                    |                                                         |                                                                                    |   |   |
| 16.                                                     | **Zero Coupon Note Provisions**                              | Not Applicable                                                                          |
|                                                    |                                                         |                                                                                    |   |   |
| 17.                                                     | **Index Linked Interest Note Provisions**                    | Not Applicable                                                                          |
|                                                    |                                                         |                                                                                    |   |   |
| 18.                                                     | **Dual Currency Note Provisions**                            | Not Applicable                                                                          |
|                                                    |                                                         |                                                                                    |   |   |
| **PROVISIONS RELATING TO REDEMPTION**                   |                                                         |
|                                                    |                                                         |                                                                                    |   |   |
| 19.                                                     | Call Option                                                  | Not Applicable                                                                          |
|                                                    |                                                         |                                                                                    |   |   |
| 20.                                                     | Put Option                                                   | Not Applicable                                                                          |
|                                                    |                                                         |                                                                                    |   |   |
| 21.                                                     | Final Redemption Amount:                                     | Par                                                                                     |
|                                                    |                                                         |                                                                                    |   |   |

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|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
|------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 22.                                                         |  Early Redemption Amount(s) payable        on redemption for taxation reasons or on event of default and/or the        method of calculating the same (if required or if different from that    set out in the Conditions):                                                               |                                 | Par                                                                                                                                              |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
|   **GENERAL PROVISIONS APPLICABLE TO THE NOTES**  |                                                                                                                                                                                                                                                                                                |                                 |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 23.                                                         |  Form of Notes:                                                                                                                                                                                                                                                                           |                                 | Temporary Global Note exchangeable for a        Permanent Global Note which is exchangeable for Definitive Notes only    upon an Exchange Event  |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 24.                                                         |  Additional Financial Centre(s) or other    special provisions relating to Payment Dates:                                                                                                                                                                                                 |                                 | Not Applicable                                                                                                                                   |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 25.                                                              | Talons for future Coupons or Receipts    to be attached to Definitive Notes (and dates on which such Talons mature):                                                                                                                                                                                |                                 | No                                                                                                                                                    |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 26.                                                              | Details relating to Partly Paid Notes:        amount of each payment comprising the Issue Price and date on which each        payment is to be made and consequences (if any) of failure to pay, including        any right of the Issuer to forfeit the Notes and interest due on late    payment: |                                 | Not Applicable                                                                                                                                        |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 27.                                                              | Details relating to Instalment Notes:    amount of each instalment, date on which each payment is to be made:                                                                                                                                                                                       |                                 | Not Applicable                                                                                                                                        |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 28.                                                              | Redenomination, renominalisation and reconventioning    provisions:                                                                                                                                                                                                                                 |                                 | Not Applicable                                                                                                                                        |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 29.                                                              | Consolidation provisions:                                                                                                                                                                                                                                                                           |                                 | Not Applicable                                                                                                                                        |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 30.                                                              | Other terms or special conditions:                                                                                                                                                                                                                                                                  |                                 | Not Applicable                                                                                                                                        |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| **DISTRIBUTION**                                                 |                                                                                                                                                                                                                                                                                                |                                 |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
| 31.                                                              | (i)                                                                                                                                                                                                                                                                        | If syndicated,    names of Managers: |                                                                                                                                                  | J.P. Morgan Securities Ltd.UBS AG, acting through its division Warburg      Dillon ReadBarclays Bank PLCDeutsche Bank AG LondonMidland Bank plcMorgan Stanley & Co. International LimitedSalomon Brothers International Limited |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |
|                                                             | (ii)                                                                                                                                                                                                                                                                                                | Stabilising Manager (if any):        |                                                                                                                                                  | J.P. Morgan Securities Ltd.                                                                                                                                                                                                         |
|                                                             |                                                                                                                                                                                                                                                                                                |                                 |                                                                                                                                                  |                                                                                                                                                                                                                                |

 

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|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
|------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------------------------|--------|
| 32.                          | If non-syndicated, name of Dealer:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |         | Not Applicable           |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| 33.                          | Additional selling restrictions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |         | Not Applicable           |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| **OPERATIONAL INFORMATION**  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| 34.                          | ISIN Code:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |         | XS0095787148             |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| 35.                          | Common Code:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |         | 9578714                  |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| 36.                          | Any clearing system(s) other than Euroclear    and Cedelbank and the relevant identification number(s):                                                                                                                                                                                                                                                                                                                                                                                                              |         | Not Applicable           |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| 37.                          | Delivery:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |         | Delivery against payment |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| 38.                          | Additional Paying Agent(s) (if any):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         | None                     |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| The Issuer confirms that it: |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |         |                     |   |
| (a)                          | has complied with its obligations under the        relevant rules (as defined in the Banking Act 1987 (Exempt Transactions)        Regulations 1997) in relation to the admission to and continuing listing        of the Programme and of any previous issues made under it and listed    on the same exchange as the Programme;                                                                                                                                                                                    |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (b)                          | will have complied with its        obligations under the relevant rules in relation to the admission to    listing of such Notes by the time when such Notes are so admitted; and                                                                                                                                                                                                                                                                                                                                    |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (c)                          | has not, since the last publication,        if any, in compliance with the relevant rules of information about the        Programme, any previous issues made under it and listed on the same exchange        as the Programme, or the Notes, having made all reasonable enquiries,        become aware of any change in circumstances which could reasonably be        regarded as significantly and adversely affecting its ability to meet    its obligations as Issuer in respect of the Notes as they fall due. |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                         | ISIN:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | XS0095787148 |
|                         | Common Code:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 9578714      |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

 

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**LISTING APPLICATION**

This Pricing Supplement comprises the details required to list the issue of Notes described herein pursuant to the listing of the £1,000,000,000  Euro Medium Term Note Programme of Reuters Group PLC.

**RESPONSIBILITY**

The Issuer accepts responsibility for the information contained in this Pricing Supplement.

| Signed on behalf of the Issuer:By:     **P. WOOD** |   |
|-----------------------------------------------------------------------------|--------|

*Duly authorised*

ICM:312526.1

 

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