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Leslie Bonacum
847-267-7153
mediahelp@cch.com
Neil Allen
847-267-2179
neil.allen@wolterskluwer.com

Wolters Kluwer Acquires Compliance International, Inc.

Provider of Electronic Securities, Banking Products
Will Become Part of CCH INCORPORATED

(CHICAGO, March 14, 2001) – Wolters Kluwer North America announced today that it has acquired Compliance International, Inc., Fairfield, NJ, a provider of electronic regulatory information for the financial services market. Compliance International will be operated as a subsidiary of CCH INCORPORATED (CCH), Riverwoods, Ill., a leading provider of tax and business law information, software and services, and a Wolters Kluwer North America company. Terms of the agreement were not disclosed.

Compliance International offers a series of 30 products covering securities and banking topics and compliance information, primarily for broker/dealers, exchange members and other professionals in financial institutions. Its product portfolio is delivered primarily via the Internet and CD-ROM, enhanced by specialized electronic services, such as customizable e-mail services that notify subscribers of rule changes and notices throughout the day.

In securities, Compliance International focuses on guiding industry professionals in complying with complex securities laws and regulations, exchange rules and written supervisory procedures for broker/dealers. The company provides comprehensive and customizable electronic manuals for branch managers, registered sales representatives and users of the National Association of Securities Dealers web site, assisting them in maintaining procedures that are in compliance with laws, regulations and exchange rules.

Compliance International’s growing banking line covers federal and state banking laws and regulations and related compliance activities. In recent years, the company has aggressively developed and launched a series of state banking training products.

The acquisition of Compliance International further solidifies Wolters Kluwer’s position as a leading provider of securities and banking legal information and compliance tools to the financial services industry, corporations and legal professionals in the U.S., primarily through CCH and Aspen Publishing, Inc., Gaithersburg, Md.

The acquisition allows CCH, the leader in securities law research since the 1930s, to expand its securities products portfolio and further its strategy of creating critical compliance-focused information, desktop solutions and online tools.

In addition, it allows CCH, whose primary securities customers are attorneys and corporations, to expand its expertise more fully into the broker/dealer market and financial institutions.

Compliance International banking products are an effective extension of CCH’s rapidly expanding leadership in the banking and financial services markets through its banking law portfolio and its banking and lending compliance solutions unit, Bankers Systems, Inc., St. Cloud, Minn.

Compliance International had 2000 revenues of approximately $3.5 million and employs approximately 30 people.

About Wolters Kluwer

Wolters Kluwer North America, headquartered in Chicago, is a unit of Wolters Kluwer nv, Amsterdam. It is comprised of a number of highly respected legal, tax and business information, software and service companies, including Aspen Publishing, Inc., Gaithersburg, Md.; CCH Canadian, Toronto; CCH INCORPORATED, Riverwoods, Ill.; CCH Legal Information Services, New York City; and CCH Tax Compliance, Torrance, Calif. 

Wolters Kluwer nv (www.wolterskluwer.com) is a multinational information services company with annual sales of more than EUR 3 billion, employing approximately 19,000 people in Europe, North America and Asia Pacific. The company’s core activities are Legal, Tax & Business, International Health & Science and Education. The Wolters Kluwer shares are quoted on the Euronext Amsterdam. Financial results for the year 2000 will be announced on March 27, 2001.

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