Instinet's Trading Floor Features Yahoo! FinanceVision Live Instinet Research Analysts to Provide Live Pre- and Post-Market Analysis Twice Daily on Yahoo! FinanceVision , February 1, 2001 -- Instinet Corporation, a wholly-owned subsidiary of Reuters Group PLC (: RTRSY) and the eFinancial Marketplace offering equities trading, research, fixed income trading, and clearing and settlement services, today extended its relationship with Yahoo! Inc. (Nasdaq: YHOO), a global Internet communications, commerce and media company. Instinet Research analysts will provide live market analysis, twice daily, from the Instinet trading floor to Yahoo!® FinanceVision (http://financevision.yahoo.com). Yahoo! FinanceVision will broadcast from Instinet's trading floor at regularly scheduled time slots, once before 9:30 a.m. (EST) and once after 4:00 p.m. (EST). Instinet Research analysts will provide Yahoo! viewers with pre- and post- market analysis. To date, this information has not been widely available to the public from Instinet or any other broker. Presently, on the Instinet trading floor, CNBC and CNN hold daily broadcasts, with their respective reporters commenting on market conditions and movements pre-, post- and during market hours. In September 2000, Instinet signed an agreement with Yahoo! to provide Instinet top of book and last sale trade data on Yahoo! Finance, the Web's No. 1 finance site. Commenting on today's deal, John Oddie, CEO, Global Equities, Instinet Corporation said, "Instinet's expanded relationship with Yahoo! demonstrates our continued efforts to provide investors with unique and valuable market data that was previously available to institutional investors only, via various distribution points. Our skilled analysts have access to information that enables them to highlight specific stock trends and analyze market direction. We will now provide to viewers of Yahoo! FinanceVision unbiased and independent market commentary, as well as economic viewpoints." He added, "The end goal is always to allow investors to enhance their portfolio performance." "We are very pleased to have extended our relationship with Instinet," said Eric Scholl, director and executive producer of Yahoo! FinanceVision. "We are committed to providing viewers of FinanceVision with high-quality analyses and perspectives, and Instinet supports this endeavor." Instinet Research is the investment research arm of Instinet Corporation offering institutional investors a variety of unbiased and independent research products. Their products include Instinet Research's own propriety research covering investment strategy, technical analysis, trading research, and access to a network of over 100 independent investment research providers. Instinet Corporation trades in excess of 400 million shares per day on average during traditional market hours and extended hours. Approximately 30 million shares are traded through Instinet during pre and post market sessions; this represents up to 50 percent of all stocks trading after market hours. About Instinet Corporation Instinet Corporation is the pioneer of 24-hour electronic brokerage and is the eFinancial Marketplace offering global equity trading, fixed income, research, and clearing and settlement services. The company's major offices are located in , London, Paris, Frankfurt, Tokyo, Hong Kong, Sydney, and Toronto. Instinet is recognized worldwide for actively promoting investor interests, and for offering clients more opportunities to trade at the best prices 24-hours a day worldwide. Instinet seeks only to increase its clients' investment performance by providing them instant access to global liquidity, enhanced efficiency, and greater opportunities to reduce transaction costs. In 1969, Instinet created a unique equity platform for trading U.S. equity securities that allowed institutions to directly trade with each other. It was designed to assist institutions in improving overall investment performance. Today, Instinet allows customers to trade in over 30 markets worldwide and is a member of 20 exchanges in North America, Europe, and Asia. In 1999, institutional clients saved approximately $3 billion in price improvement and reduced transaction costs through the use of our equity brokerage services, based on both Instinet's Trading Research Group evaluation and the Plexus Group benchmark comparison. The firm was founded in 1969 and was acquired by Reuters Group PLC in 1987. For more information, please visit www.instinet.com. Instinet Corporation is an NASD/SIPC member. As an agency broker, Instinet does not come between its clients and the best price. Instinet does not commit capital, make markets or make profits on spreads. System response times may vary for a number of reasons including market conditions, trading volumes and system performance. # # #