Spreadsheet: 041d257f-f5a9-4ca5-b431-641572128420
Sheet: Reported Non IFRS Measures

THOMSON REUTERS CORPORATION
Reconciliations to Most Directly Comparable IFRS Measure (unaudited)
(millions of U.S. dollars, except as otherwise indicated and except for per share data)
ONGOING BUSINESSES- REPORTED |  |  | 2010 |  | 2011 |  | 2012
 |  |  | Full Year |  | Full Year |  | Q1 | Q2 | Q3 | Q4 |  | Full Year
Reconciliation of Ongoing Revenues
Revenues
Financial & Risk |  |  |  |  |  |  | 1811 | 1792 | 1778 | 1812
Legal |  |  |  |  |  |  | 777 | 818 | 830 | 861
Tax & Accounting |  |  |  |  |  |  | 310 | 283 | 262 | 351
Intellectual Property & Science |  |  |  |  |  |  | 209 | 216 | 219 | 250
Corporate & Other (includes Media) |  |  |  |  |  |  | 82 | 83 | 79 | 87
Eliminations |  |  |  |  |  |  | -2 | -3 | -3 | -3
Revenues from ongoing businesses
Other businesses |  |  | 1133 | 0 | 1064 |  | 167 | 120 | 51 | 41 |  | 379
Revenues
Reconciliation of Operating Profit (Loss) to Underlying Operating Profit and Adjusted EBITDA
Operating Profit (Loss) |  |  | 1419 |  | -705 |  | 386 | 1318 | 390 | 557 |  | 2651
Adjustments to remove:
Goodwill impairment |  |  | 0 |  | 3010 |  | 0 | 0 | 0 | 0 |  | 0
Amortization of other identifiable intangible assets |  |  | 545 |  | 612 |  | 152 | 149 | 158 | 160 |  | 619
Integration programs expenses |  |  | 463 |  | 215 |  | 0 | 0 | 0 | 0 |  | 0
Fair value adjustments |  |  | 117 |  | -149 |  | 30 | -43 | 34 | 15 |  | 36
Other operating losses (gains), net |  |  | 16 |  | -204 |  | -22 | -798 | 18 | -81 |  | -883
Operating (profit) loss from Other businesses |  |  | -243 |  | -238 |  | -1 | -9 | -15 | 7 |  | -18
Underlying operating profit
Adjustments:
Integration programs expenses |  |  | -463 |  | -215 |  | 0 | 0 | 0 | 0
Depreciation and amortization of computer software (excluding Other businesses) |  |  |  |  |  |  | 280 | 275 | 279 | 290
Adjusted EBITDA
Underlying operating profit margin
Adjusted EBITDA margin
Reconciliation of Earnings (Loss) Attributable to Common Shareholders to Adjusted Earnings from Continuing Operations
Earnings (loss) attributable to common shareholders |  |  | 909 |  | -1390 |  | 314 | 922 | 462 | 372 |  | 2070
Adjustments to remove:
Goodwill impairment |  |  | 0 |  | 3010 |  | 0 | 0 | 0 | 0
Goodwill impairment attributable to non-controlling interests |  |  | 0 |  | -40 |  | 0 | 0 | 0 | 0 |  | 0
Operating (profit) loss from Other businesses |  |  |  |  |  |  | -1 | -9 | -15 | 7
Fair value adjustments |  |  | 117 |  | -149 |  | 30 | -43 | 34 | 15
Other operating losses (gains), net |  |  | 16 |  | -204 |  | -22 | -798 | 18 | -81
Other finance (income) cost, net |  |  | -28 |  | 15 |  | -30 | 16 | -30 | 4 |  | -40
Share of post tax earnings and impairment in equity method investees |  |  | -8 |  | -13 |  | 7 | -4 | -2 | 22 |  | 23
Tax on above items |  |  | 21 |  | 143 |  | -66 | 253 | -3 | 24 |  | 208
Interim period effective tax rate normalization |  |  | 0 |  | 0 |  | 6 | 46 | -60 | 8 |  | 0
Discrete tax items |  |  | -47 |  | -105 |  | -26 | -83 | -115 | -30 |  | -254
Amortization of other identifiable intangible assets |  |  | 545 |  | 612 |  | 152 | 149 | 158 | 160
Discontinued operations |  |  | 0 |  | -4 |  | 2 | 1 | -2 | -3 |  | -2
Dividends declared on preference shares |  |  | -3 |  | -3 |  | -1 | -1 | 0 | -1 |  | -3
Adjusted earnings from continuing operations
Adjusted earnings per share from continuing operations
Diluted weighted average common shares  (in millions)
Reconciliation of Earnings (Loss) from Continuing Operations to Adjusted EBITDA
Earnings (loss) from continuing operations |  |  | 933 |  | -1396 |  | 328 | 936 | 472 | 385 |  | 2121
Adjustments to remove:
Tax expense (benefit) |  |  | 139 |  | 293 |  | -33 | 279 | -140 | 51 |  | 157
Other finance (income) costs |  |  | -28 |  | 15 |  | -30 | 16 | -30 | 4
Net interest expense |  |  | 383 |  | 396 |  | 114 | 91 | 90 | 95 |  | 390
Amortization of other identifiable intangible assets |  |  | 545 |  | 612 |  | 152 | 149 | 158 | 160
Amortization of computer software |  |  | 572 |  | 659 |  | 175 | 166 | 175 | 184 |  | 700
Depreciation |  |  | 457 |  | 438 |  | 110 | 109 | 104 | 106 |  | 429
EBITDA
Adjustments to remove:
Share of post tax earnings and impairment in equity method investees |  |  | -8 |  | -13 |  | 7 | -4 | -2 | 22
Other operating losses (gains), net |  |  | 16 |  | -204 |  | -22 | -798 | 18 | -81
Goodwill impairment |  |  | 0 |  | 3010 |  | 0 | 0 | 0 | 0 |  | 0
Fair value adjustments |  |  | 117 |  | -149 |  | 30 | -43 | 34 | 15
EBITDA from Other businesses |  |  | -317 |  | -293 |  | -6 | -9 | -15 | 7 |  | -23
Adjusted EBITDA
Adjusted EBITDA margin