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Wolters Kluwer Tax & Accounting Announces Karen Abramson as New CEO for CCH in North America

(RIVERWOODS, ILL., July 30, 2012) – Wolters Kluwer Tax & Accounting, the global leader in tax, accounting and audit solutions, today announced the appointment of Karen Abramson as President & CEO of CCH, a Wolters Kluwer business, effective September 2012. CCH, part of Wolters Kluwer Tax & Accounting, is a market leader providing tax, accounting and audit solutions and services to professionals in North America (CCHGroup.com).

Abramson is an industry leader with a track record of growing businesses. Most recently, she served as CEO & President of Wolters Kluwer Health, Medical Research. Highly focused on customer needs, Abramson created new revenue growth by driving deep customer engagement across the business and developing innovative online and mobile solutions.

She joined Wolters Kluwer in 2000. At Wolters Kluwer Health, Abramson led the development and delivery of aggregated, customizable electronic research information for the medical, healthcare and academic markets. She introduced both new revenue models and innovative product offerings, including continuous workflow enhancements to the unit’s online research platform, Ovid and digital publishing and advertising solutions that leverage mobility to enhance the Lippincott Williams & Wilkins society and journal member and subscriber services.

Abramson will succeed CCH President & CEO Mike Sabbatis. Sabbatis was named CCH CEO in 2007. He led a transformation at the company by ensuring CCH’s role as a strategic partner to professionals, dedicated to customer insight and the delivery of innovative, market-leading solutions that help customers advance their business. Sabbatis will continue in the role through a transition period.

“I’m very pleased that Karen Abramson will now carry forward CCH’s innovative, customer-centered mandate, with a continued emphasis on business growth,” said Wolters Kluwer Tax & Accounting CEO, Kevin Robert. “Karen is completely customer-focused and throughout her career in serving professionals, including those in tax and accounting, she has been highly successful in partnering with customers and creating solutions that help people do their best work. That’s what CCH is all about, and that’s why we’re very excited to have someone with Karen’s demonstrated vision, customer focus and information and software experience to serve professionals going forward, and lead CCH’s continued growth.”

“I’m truly honored to join this exceptional organization,” said Abramson. “CCH is a global leader, with a longstanding history of excellence in serving professionals with highly trusted information and software solutions. Based on the company’s strong customer focus, significant investment and ongoing innovation in the market, I’m very excited to be part of the team. There are great things ahead for CCH and its customers.”

Prior to joining Wolters Kluwer Health in 2006, Abramson served as Vice President and General Manager of CT Corsearch, a division of Wolters Kluwer Corporate Legal Services. Under her leadership, CT Corsearch revolutionized the trademark review process with electronic workflow solutions, consistently delivered double-digit growth, significantly increased market share and achieved the highest quality and customer satisfaction rates in the history of the business. Before her tenure at Wolters Kluwer, Abramson was Vice President of Operations at MemberWorks, Inc. In addition, she held various leadership positions with the Thomson Corporation, including Vice President of Production Services and Director of Quality Management at the Thomson Tax & Accounting and Research Institute of America (RIA) divisions.

About Wolters Kluwer Tax & Accounting and CCH, a Wolters Kluwer business

Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the global leading provider of tax, accounting and audit information, software and services. Its headquarters are in Riverwoods, Ill. CCH, a Wolters Kluwer business (CCHGroup.com) is part of Wolters Kluwer Tax & Accounting. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are the ProSystem fx® Suite, CorpSystem®, CCH® Integrator and IntelliConnect®. Wolters Kluwer is a market-leading global information services company. Wolters Kluwer reported 2011 annual revenues of €3.4 billion. The group employs over 18,500 people worldwide and maintains operations in over 40 countries across Europe, North America, Asia Pacific and Latin America. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on NYSE Euronext Amsterdam (symbol: WKL) and are included in the AEX and Euronext 100 indices. For more information about our products and organization, visit www.wolterskluwer.com.

Forward-looking Statements

This press release contains forward-looking statements. These statements may be identified by words such as “expect,” “should,” “could,” “shall,” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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