THOMSON TO ACQUIRE SELKIRK FINANCIAL TECHNOLOGIES. Strengthens Thomson Financial's Presence in the Treasury Market

STAMFORD, Conn., August 31, 2004 – The Thomson Corporation (NYSE: TOC; TSX: TOC) and privately held Selkirk Financial Technologies, today announced that they have signed a definitive agreement under which Thomson will acquire Selkirk, a global provider of treasury management systems and services, based in Vancouver, British Columbia, Canada. Financial terms of the transaction were not disclosed.

For more than a decade, Selkirk has helped organizations in the Treasury market optimize their financial performance with solutions for managing liquidity, forecasting cash flow, consolidating bank information and mitigating risk. Selkirk’s solutions are highly complementary to Thomson Financial’s strategic direction, and will greatly extend its reach within the corporate executive suite.

"We’re confident that the acquisition of Selkirk will improve our ability to provide our customers with integrated treasury solutions, and enable us to quickly gain momentum in this important market," said Kevin Marcus, president, Thomson Financial Corporate Group. "Like Thomson Financial, Selkirk emphasizes innovation and competitive spirit, and we’re very excited about the prospect of combining our two companies."

"Thomson Financial’s global presence, high-value workflow applications, and strong commitment to the Treasury marketplace will help us expand the world-class business that we’ve built, and open up new and exciting opportunities for serving our target market," said James Suttie, president and chief executive officer of Selkirk Financial. "I take great comfort knowing that Selkirk’s business model and spirit, exceptionally talented staff, and most importantly, our clients will be in good hands."

This transaction is subject to certain closing conditions.

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