FT Interactive Data reaches fair value information service milestone

Company to Co-Host Second Annual Mutual Fund Forum:
Improving Fund Performance by Efficiently Managing Liquidity and Addressing Fair Value Requirements

Bedford, MA - FT Interactive Data, the major operating division of Interactive Data Corporation (NYSE: IDC) and a leading supplier of financial information to global markets, today announced a Fair Value Information Service customer milestone.  FT Interactive Data is now providing its Fair Value Information Service, a convenient and flexible tool to assist mutual funds in meeting their fair value obligations, to more than 20 customers, including eighteen mutual fund companies and six mutual fund processors.

FT Interactive Data also will co-host with ReFlow Management the Second Annual Mutual Fund Forum on October 28, 2003.  The Forum will address the impact of shareholder transactions on fund performance and tools to aid in the fair value pricing of international equities. Presenters will include Donald Cassidy, Senior Research Analyst, Lipper Inc.; Roger Edelen, Director of Research, ReFlow Management; and Eric Zitzewitz, Assistant Professor of Economics, Stanford Graduate School of Business, among others.

"We are pleased that many of the industry's leading mutual fund companies and processors are selecting the Fair Value Information Service to support their fair value procedures for international equities held in their mutual fund portfolios," said Raymond D'Arcy, President, Data Delivery Products for FT Interactive Data.  "As a market leader in this area, we are in a unique position to understand the pressures facing the mutual fund industry to implement solutions that protect long-term shareholders' interests.  As such, we believe this is an opportune time to hold our annual Mutual Fund Forum to discuss fund performance issues, protecting mutual funds from market timers, various approaches to fair value pricing, and other pertinent industry issues."

Mutual Fund Forum 2003 will give attendees insight into managing the cost of shareholder driven transactions and opportunistic shareholder trades, as well as the appropriate use of fair value pricing.  The impressive line-up of both academic and industry speakers will provide compliance and legal personnel, investment professionals, treasurers, and senior operations professionals with an in-depth look at the issues facing their businesses and clients today. For more information, visit us at www.FTInteractiveData.com.

About FT Interactive Data's Fair Value Information Service

FT Interactive Data's Fair Value Information Service assists mutual funds in deriving fair value estimates for foreign securities for which market quotations are not "readily available" due to market events that have occurred since the local market closed but before a fund's daily NAV calculation.  The Service uses a multi-factor methodology, which applies relevant factors such as ADRs, sector indices, and futures to each covered international equity to assist a client in determining whether a fair valuation process is appropriate for that security and, if so, to provide the client with relevant data for its consideration.

About FT Interactive Data

FT Interactive Data is a leading provider of financial information and analytical software to global markets. FT Interactive Data supplies global securities pricing, dividend, corporate action and descriptive information for more than 3.5 million securities, including over 2.5 million active fixed income issues. The company also provides index and constituent data to the international investment community.

Through its affiliate CMS BondEdge (r), the company is a recognized leader and independent source of fixed income portfolio analytics, risk management tools and quantitative research.

FT Interactive Data is the major operating division of Interactive Data Corporation (NYSE: IDC), a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts, Interactive Data Corporation has approximately 1,800 employees in offices throughout the world. To learn more, visit us at www.FTInteractiveData.com.

Interactive Data Corporation is approximately 60 percent owned by Pearson plc and included within its Financial Times Group. Other Financial Times Group companies include the Financial Times newspaper, FT.com and Financial Times Business. Pearson plc is an international media company with market leading businesses in education, business information and consumer publishing.

Further information

781-687-8548
Jeanne.Murphy@ftid.com