DOW JONES NEWSWIRES REPORTER SECURES "ONLINE JOURNALIST OF THE YEAR" AWARD

LONDON (10 MARCH 2005) – Dow Jones Newswires’ London-based OPEC reporter Shai Oster was named "Online Journalist of the Year" at a gala ceremony staged by the U.K.-based World Leadership Forum here last night. The "Business Journalist of the Year" Awards, which were first presented in 1999, are designed to honour the cream of global business and financial writers and broadcasters.

Mr. Oster won this award for his groundbreaking coverage of Saudi Arabia in 2004, focusing on energy and economic issues.

"This award reflects Shai’s outstanding coverage of Saudi Arabia at a pivotal moment in its history," said Gabriella Stern, senior editor for Dow Jones Newswires, EMEA. "Shai’s winning stories capture the country’s challenges as it moves to reform its economy and political culture amid intense pressure from conservative forces."

Dow Jones Newswires’ sister publication, The Wall Street Journal, secured six awards, more than any other newspaper on the night. Amongst those awards won by The Wall Street Journal was the prestigious "Decade of Excellence Award," given to Paul E. Steiger, managing editor of The Wall Street Journal.

Other awards won are:

"Best News Reporter" - Chip Cummins, a London-based staff reporter for The Wall Street Journal for his tough-minded coverage of the oil and energy sectors, in particular his dominant coverage of the Shell reserves scandal that rocked Europe and the world last year.

"Best Story on Business Leadership" – Chip Cummins and fellow Journal reporter Almar Latour, for their story, "How Shell’s Move to Revamp Culture Ended in Scandal" (published in The Wall Street Journal Europe, 2 Nov. 2004).

"Best Story on a Company"—Wall Street Journal reporters Alessandra Galloni and Yaroslav Trofimov for their story, "Behind Parmalat Chief’s Rise: Ties to Italian Power Structure" (published in The Wall Street Journal Europe, 8 March 2004).

"Best Story on Economics"—Wall Street Journal reporter Greg Ip for his story "Fed Chief’s Style: Devour the Data, Beware of Dogma" (published in The Wall Street Journal Europe, 18 Nov. 2004).

"Best Story on a Merger, Acquisition or Flotation"—Wall Street Journal reporter Ann Davis for her story "Amid Tumult in Health Care, a Banker Carves a Rich Niche" (published in The Wall Street Journal Europe, 26 July 2004).

"These awards recognise the consistently high quality of our journalism at Dow Jones, and the strength of our network of nearly 1,700 editors and reporters around the world," said Peter Kann, chairman and CEO, Dow Jones & Company, publisher of Dow Jones Newswires and The Wall Street Journal Europe. "It is indeed a great honour to be recognised in 2005 as having had the ‘Best News Reporter,’ the ‘Best Online Reporter,’ and the best stories in key areas that were most watched and reported during the year."

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