Reval and Thomson Financial Forge Strategic Alliance

New York, March 24, 2004 – Reval, a provider of financial risk management technology solutions and services, and Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC; NYSE: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced a strategic alliance designed to benefit corporate treasury departments. Under the terms of the agreement, Thomson Financial is leveraging Reval’s Private Reval Alliance Program to incorporate Reval’s derivative pricing analytics and a custom tailored solution set into the Thomson ONE Corporate product.

Thomson Financial’s Thomson ONE for Corporate Treasury provides treasurers with real-time market data, such as news, quotes, alerts, analytics and financial tools, in a workstation solution. The inclusion of Reval’s proven, sophisticated derivative pricing analytics and FAS 133 accounting capabilities in the Thomson ONE workstation will enable corporate treasury departments to have the hedge management and compliance reporting capabilities they need in one integrated solution.

Kevin Marcus, President, Thomson Financial’s Corporate Group, said, "We are pleased to partner with Reval, an acknowledged leader in the corporate treasury space. As we continue our movement into the treasury market with Thomson ONE, having demonstrated functionality such as Reval’s FAS 133 derivative accounting, is essential. Our alliance with Reval directly benefits Thomson ONE Corporate clients."

"The combination of Reval’s hosted solution with Thomson Financial’s market data and content will make Thomson ONE an even more powerful integrated solution for global treasury departments," said Jiro Okochi, Reval’s CEO.

Reval functionality will be available in Thomson ONE effective April 2, 2004. For more information about this solution, please contact (1-800-262-6000).

About Thomson Financial

Thomson Financial is a US$1.5 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a leading provider of value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With revenues from continuing operations of US$7.6 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).

About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

For more information, visit www.reval.com or email info@reval.com.

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