Thomson Financial Launches Thomson Guidance Solution

Aggregates Qualitative and Quantitative Management Expectations from Multiple Sources For a More Transparent Barometer of a Company’s Future Performance

First Tool To Factor in What Management “Says”

NEW YORK, NY, 07/31/2006, Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC) and leading provider of information and technology solutions to the worldwide financial community, announced today the launch of Thomson Guidance, a powerful analytical tool that identifies, aggregates and tracks qualitative and quantitative management expectations from multiple sources. Designed to offer investment managers a more transparent barometer of a company’s future performance, Thomson Guidance goes beyond the usual earnings guidance, EPS and revenue data, and combines corporate forward looking statements with quantitative content from a broad range of sources, and presents it in a concise, online format.

The ONE Source That Efficiently Collects and Organizes All Management Expectations

Thomson Guidance streamlines and consolidates the collection of qualitative and quantitative information, and makes it easily accessible in one place. It gathers company-specific statements from the industry’s most extensive library of corporate transcripts, presentations and press releases, and provides direct links to each source document and full document revision history. The content extends beyond earnings guidance and includes more than 100 measures ranging from financial statements and key ratios, to business outlook and industry metrics. Financial analysts, portfolio managers and research directors are able to track management statements and expectations over time, without the influence of commentary or biases.

Thomson Guidance offers three views: company expectations on a security for all measures, which includes income statement, balance sheet, cash flow, industry metrics and qualitative; full revision history on a security for one measure at a time, and company expectations on a portfolio or index for two measures at a time. A Snapshot function provides flexible access to a composite view, or view of all measures and measure history, or excerpts of supporting management quotes with direct links to source documents for context. Thomson Guidance is being offered through Thomson ONE Investment Management, Thomson ONE Investment Management Web, Thomson StreetEvents and Thomson ONE Investor Relations.

“Thomson Financial started building this program when Regulation Fair Disclosure (Reg. FD) went into effect and companies were required to publicly disclose a new level of information,” said Andre Lavoie, vice president, Investment Management, Thomson Financial. “Thomson Guidance is the first analytical tool that seamlessly brings together expectations established by Wall Street, with expectations drawn directly from corporate management. By offering a more transparent, 360-degree view of a company, it greatly enhances the ability of institutional investors to evaluate investment opportunities. From a company’s perspective, this is a positive development, for they gain insight from an institutional investor’s point of view,” said Lavoie.

It is expected that Thomson Guidance will cover 3,000 companies by the end of this year, with a focus on extending the U.S. centric content to include Europe.

About Thomson Financial
Thomson Financial, with 2005 revenues of US$1.9 billion, is a 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 global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.40 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).

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Sally Cates

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Thomson Financial

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