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DOW JONES NEWS GMBH TO SUPPLY IS.TELEDATA AG CLIENTS IN GERMANY AND AUSTRIA WITH PROFESSIONAL NEWS CONTENT

FRANKFURT (20 Oct. 2004)—Dow Jones News GmbH, the leading supplier of stock market, financial and economic news in Germany, today announced that it now supplies clients of IS.Teledata AG in Germany and Austria with its professional news content. IS.Teledata is Europe’s largest supplier of Internet-based, financial-market information systems, and counts the four largest German banks among its clients.

Dow Jones-VWD News content is available both to professional users in financial-market institutions who use IS.Slider terminals and to private investors who use IS.eFinance solutions.

For IS.Slider subscribers, the Dow Jones-VWD Compact news package is available at no additional charge. This package includes approximately 180 items every stock market day on the most current and important financial and economic subjects, as well as cyclical data and economic policy news from Germany, Europe and the rest of the world. Sector-specific Dow Jones-VWD News packages are available as an option. Clients of IS.eFinance solutions have access to the Dow Jones-VWD Web News package, developed specifically for the Internet sites of banks and financial portals.

“The news service of Dow Jones News is competent, informative, reliable, fast and tailored to its target group, and therefore meets the high standards required by our professional clients,” said Stephan Wolf, board spokesman for IS.Teledata. “The inclusion of news packages in German further expands the existing cooperation at the European level between IS.Teledata and Dow Jones Newswires, and promotes our joint activities in Germany.”

Volker Schneider, managing director of Dow Jones News GmbH, said, “We are delighted with our collaboration with IS.Teledata and are convinced that their clients will profit on a sustained basis from the use of our high-quality news.”