ex99_2.htm

Exhibit 99.2

Form: 12│Issuer Name: Thomson Reuters Corporation (“Thomson Reuters”)

Stock Symbol: TRI

1.	Securities Sought – State the following:

Class(es) of securities subject to the NCIB:

Common Shares of Thomson Reuters (“Common Shares”)

Total number of securities:

issued and outstanding: (as of April 30, 2011):

835,867,240 Common Shares

ii)

if applicable, in the total public float: (as of ):

Not applicable

Percentage of securities that may be purchased under the NCIB:

% of issued and outstanding (maximum 5%):

1.79%

ii)

% of the public float, as the case may be (maximum 10%):

Not applicable

Maximum number of securities that may be acquired under the NCIB:

Up to 15,000,000 Common Shares

Number of securities the issuer actually intends to acquire under the NCIB (i.e., not necessarily the maximum):

Up to 15,000,000 Common Shares

Is the issuer an investment fund:

If the answer is NO, the average daily trading volume for six months prior to date hereof:

910,590 Common Shares – average daily trading volume on the TSX for the six most recently completed months ended April 30, 2011

Form 12 – Notice of Intention to make a Normal Course Issuer Bid	© 2011, TSX Inc.
(as at February 4, 2011)

Form: 12│Issuer Name: Thomson Reuters Corporation (“Thomson Reuters”)

Stock Symbol: TRI

Does the issuer have a class of restricted securities:

If the answer is YES:

describe the voting rights of all equity securities:

Not applicable

ii)

if the issuer does not propose to make the same NCIB for all classes of voting and equity securities, the reasons for so limiting the NCIB:

Not applicable

Whether the securities are going to be cancelled. If such securities are not cancelled, state how such securities will be dealt with:

Any Common Shares that are repurchased will be cancelled.

2.	Duration – State the dates on which the NCIB will commence and terminate. The NCIB may not extend for a period of more than one year from the date on which purchases may commence. (i.e. May 1, 2004 to April 30, 2005):

The NCIB will commence on May 13, 2011 and will terminate no later than May 12, 2012.

3.	Method of Acquisition – State the following:

whether purchases will be effected through the facilities of TSX and identify any other exchanges or market places on which purchases will be made:

Purchases of Common Shares will be effected through the facilities of the TSX and/or the New York Stock Exchange by a registered investment dealer (or an affiliate of the dealer).

whether purchase and payment for the securities will be made by the issuer in accordance with the requirements of TSX:

Purchase and payment for the Common Shares will be made by Thomson Reuters in accordance with the requirements of the TSX.

whether the price that the issuer will pay for any securities acquired by it will be the market price of the securities at the time of acquisition:

The price that Thomson Reuters will pay for the Common Shares acquired by it will be the market price of the Common Shares at the time of acquisition.

whether purchases (other than by way of exempt offer) will be made other than by means of open

Form 12 – Notice of Intention to make a Normal Course Issuer Bid	© 2011, TSX Inc.
(as at February 4, 2011)

Form: 12│Issuer Name: Thomson Reuters Corporation (“Thomson Reuters”)

Stock Symbol: TRI

market transactions during the period the NCIB is outstanding:

Thomson Reuters does not presently intend to purchase Common Shares other than by means of open market transactions during the period the NCIB is outstanding.

4.	Consideration Offered – State whether there are any restrictions on the price the offeror is prepared to pay and any other restrictions relating to the NCIB, such as specific funds available, method of purchasing, etc.:

There are no restrictions on the consideration to be offered by Thomson Reuters under the NCIB and there are no other restrictions relating to the NCIB. Thomson Reuters and holders of the Common Shares will be responsible for the payment of commissions to their respective brokers through which purchases and sales will be made at the applicable prevailing rates at the time of purchase.

5.	Reasons for the NCIB – State the purpose or business reasons for the NCIB:

In authorizing the NCIB, the Thomson Reuters Board believes that the purchase of Common Shares from time to time can be undertaken at prices that make the acquisition of such Common Shares an appropriate use of Thomson Reuters available funds and an appropriate mechanism for returning capital to its shareholders.

Valuation – State whether there has been any appraisal or valuation of the issuer to the best knowledge of the directors or officers of the issuer, after reasonable enquiry, regarding the issuer, its material assets or securities prepared within the two years preceding the date of the notice, together with a statement of a reasonable time and place at which such appraisal or valuation, or a copy thereof, may be inspected. For this purpose, the phrase appraisal or valuation means both an independent appraisal or valuation and a material non-independent appraisal or valuation. If there has been such an appraisal or valuation, include a summary of such appraisal or valuation:

The directors and officers of Thomson Reuters, after reasonable enquiry, have no knowledge of any appraisal or valuation regarding Thomson Reuters, its material assets or securities, prepared within the last two years preceding the date of this notice.

Form 12 – Notice of Intention to make a Normal Course Issuer Bid	© 2011, TSX Inc.
(as at February 4, 2011)

Form: 12│Issuer Name: Thomson Reuters Corporation (“Thomson Reuters”)

Stock Symbol: TRI

7.	Previous Purchases – Where the issuer has purchased securities under a NCIB within the past 12 months, state the following:

method of acquisition:

Not applicable

the number of securities purchased:

None

the weighted average price paid per security:

Not applicable

8.	Persons Acting Jointly or In Concert with the Issuer – Disclose the identity of any party acting jointly or in concert with the issuer:

There are no persons acting jointly or in concert with Thomson Reuters.

9.	Acceptance by Insiders, Affiliates and Associates –

name of every director or senior officer of the issuer who intends to sell securities of the issuer during the course of the NCIB:

No director or senior officer of Thomson Reuters presently intends to sell Common Shares during the course of the NCIB. During the course of this NCIB, directors and senior officers of Thomson Reuters may from time to time effect such sales of Common Shares as may be necessary or desirable in their personal circumstances and sales of Common Shares by such persons may occur as a result of the exercise by such persons of outstanding stock options or the vesting of restricted share units or deferred share units.

where their intention is known after reasonable enquiry, the name of every associate of a director or senior officer of the issuer, person acting jointly or in concert with the issuer, or person holding 10% or more of any class of equity securities of the issuer, who intends to sell securities:

Except as set forth below, to the knowledge of Thomson Reuters, its directors and senior officers, after reasonable enquiry, (i) no associate of a director or senior officer of Thomson Reuters; (ii) no person acting jointly in concert with Thomson Reuters; and (iii) no person holding 10% or more of any class of equity securities of Thomson Reuters presently intends to sell Common Shares during the course of this NCIB.

During the course of this NCIB, The Woodbridge Company Limited and other companies affiliated with it ("Woodbridge"), the principal and controlling shareholder of Thomson Reuters, may sell Common Shares from time to time. As of April 30, 2011, Woodbridge beneficially owned 457,844,103 Common Shares, or approximately 55% of the outstanding Common Shares.

Form 12 – Notice of Intention to make a Normal Course Issuer Bid	© 2011, TSX Inc.
(as at February 4, 2011)

Form: 12│Issuer Name: Thomson Reuters Corporation (“Thomson Reuters”)

Stock Symbol: TRI

10.

Benefits from the NCIB – State direct or indirect benefits to any of the persons or companies named in item 9 of selling or not selling securities of the issuer during the course of the NCIB. An answer to this item is not required where the benefits to such person or company of selling or not selling securities are the same as the benefits to any other securityholder who sells or does not sell:

Not applicable

11.	Material Changes in the Affairs of the Issuer – Disclose any previously undisclosed material changes or plans or proposals for material changes in the affairs of the issuer:

To the knowledge of Thomson Reuters, its directors and senior officers, after reasonable enquiry, there are no undisclosed material changes in the affairs of Thomson Reuters.

12.	Participating Organization Information –

Name of brokerage firm: TD Securities Inc.

Name of registered representative: Scott MacNicol

Address of brokerage firm: 222 Bay Street, Suite 700, Toronto, Ontario M5K 182, Canada

Fax number: +1.416.982.8107

Telephone number: +1.800.699.8015

13.	Disclose any significant information regarding the NCIB not disclosed above, including any details regarding the use of put options or forward purchase contracts in conjunction with the NCIB:

From time to time, when Thomson Reuters does not possess material nonpublic information about itself or its securities, it may enter into a pre-defined plan with its broker to allow for the repurchase of Common Shares at times when it ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any such plans entered into with Thomson Reuters broker will be adopted in accordance with applicable Canadian securities laws and the requirements of Rule 10b5-1 under the U.S. Securities Exchange Act of 1934.

14.

Certificate – The undersigned, a director or senior officer of the issuer duly authorized by the issuer’s board of directors, certifies that this notice is complete and accurate and in compliance with Section 629 and 629.1 of the TSX Company Manual. This notice contains no untrue statement of a material fact and does not omit to state a material fact that is required to be stated or that is necessary to make a statement not misleading in the light of the circumstances in which it is made.

/s/ David E. Shaw
NAME:	David E. Shaw
TITLE:	Senior Vice President & Treasurer
DATE:	May 6, 2011

Form 12 – Notice of Intention to make a Normal Course Issuer Bid	© 2011, TSX Inc.
(as at February 4, 2011)