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As we integrate critical information with analysis, tools and applications, we place greater focus on the ways our customers use our content, rather than simply on selling the content itself.Our common shares are listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol "TOC".

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The disclosure provided under the heading "Off-Balance Sheet Arrangements, Commitments and Contractual Obligations" on page 20 of Exhibit 2 (Management's Discussion and Analysis) is incorporated by reference herein.

Indentation indicates the voting securities are directly or indirectly owned by the subsidiary listed above.

We are one of the world's leading information services providers to business and professional customers.

We generate revenues by supplying our customers with business-critical information, which we make more valuable by adding expert analysis, insight and commentary, and couple it with software tools and applications that our customers can use to search, compare, synthesize and communicate the information.

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To further enhance our customers' workflows, we increasingly deliver information and services electronically, integrate our solutions with our customers' own data, and tailor the delivery of information to meet specific customer needs.

During the last three years, we also generated significant cash flow from operations, reflecting our strong results and the quality of our earnings.