REUTERS REPLACES BLOOMBERG AT NEW STAR ASSET MANAGEMENT

29th April, 2004

London – Reuters (RTR:LSE), the global financial information provider, and New Star Asset Management, one of the UK’s leading asset management houses, have extended their deal that sees New Star take Reuters 3000Xtra thin client version. New Star already has a number of the Reuters systems, from a deal signed in August 2003, but they have agreed to extend this, replacing existing Bloomberg terminals that are with fund managers at the company.

The Reuters 3000Xtra thin client version will operate off Reuters RMDS infrastructure hosted at a Reuters site. RMDS manages financial content in real-time across trading environments. New Star will be using the Reuters 3000Xtra system to monitor their respective portfolios and carry out analysis of stocks.

Charles Hornung, Head of IT at New Star, comments, “We have extended the agreement with Reuters as we are extremely satisfied with the 3000Xtra system. The fact that it is hosted means we are able to have a lightweight infrastructure for our IT systems. In addition, it is a very intuitive application with a clear functionality and a wide spectrum of content.”

John Alcantara, Reuters Senior Company Officer in the UK, comments, “I’m extremely pleased that we are supplying New Star with our thin client version of 3000Xtra. We have made enormous strides in the functionality and content in Reuters 3000Xtra as well as working hard in developing different ways clients can deploy it. This approach means we can find solutions that suit our customers, a flexibility that is helping us to enjoy successes such as that with New Star.”

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