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Wolters Kluwer North America Acquires Gainskeeper

(NEW YORK, December 10, 2002) – Further strengthening its objective to become the leader in offering integrated solutions of content and expert tools to its customers, Wolters Kluwer North America announced today that it has acquired GainsKeeper, Inc., with a product line that includes what BusinessWeek called, "a capital gains miracle worker." GainsKeeper will become part of CCH INCORPORATED (CCH), a leading provider of tax and business law information and software and a Wolters Kluwer company.

As a part of CCH’s Business and Finance Group (BFG), GainsKeeper’s software products will contribute valuable functionality to CCH’s authoritative Capital Changes corporate action content. Securities, tax and investment professionals rely on CCH Capital Changes’ comprehensive information to compute a security holder’s adjusted tax basis or the gain or loss resulting from corporate actions of publicly traded equities. Content includes federal tax consequences resulting from reorganizations, mergers, exchanges, rights offerings, spin-offs, distributions, liquidations and other changes in capital structure. This proprietary database spans over 100 years of corporate action information and provides detail on over 100,000 companies.

With accurate tax basis information as the foundation of successful investing, CCH Capital Changes content together with GainsKeeper's powerful tax lot accounting system will provide a superior tool for its customers. This combination of expertise will allow retail and institutional investors to correctly measure performance, make smart trading decisions and file accurate federal income tax returns.

Specifically, GainsKeeper’s GainsTracker product automatically adjusts holdings for the effects of corporate actions, adjusts cost basis and deferrals for wash sales, matches sell transactions against appropriate tax-lots to adjust positions, and calculates and summarizes capital gains and losses for filing Schedule D. The company’s GainsAdvisor suite of decision and analysis tools simulate tax effects of hypothetical transactions in order to make better-informed investment decisions.

Wolters Kluwer also intends the GainsKeeper functionality to be integrated into products offered by CCH Tax Compliance, another Wolters Kluwer company, allowing accounting and tax professionals to use the GainsKeeper products in conjunction with CCH Tax Compliance’s ProSystem fx product suite.

"CCH Capital Changes has a sterling reputation among institutional investors, major brokerage houses and trust companies for providing the authoritative tax basis adjustments and fair market value information these professionals need to accurately calculate the tax consequences of corporate actions on their portfolios," said Susan Berry, Associate Publisher. "Adding tools that automatically perform these calculations as well as incorporate sophisticated advisory techniques provide the powerful new functionality that our customers are looking for."

GainsKeeper was founded in 1998 with offices based in Quincy, Mass. It is located on the Web at www.gainskeeper.com for individual investors and www.GKIS.net for institutions.

Wolters Kluwer North America, headquartered in New York, 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 Publishers, Inc., New York City/Gaithersburg, Md.; Bankers Systems, Inc., St. Cloud, Minn.; CCH Canadian, Toronto, Ontario; 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 3.8 billion, employing approximately 20,000 people in Europe, North America and Asia Pacific. The company's core activities are Legal & Regulatory, Health, and Education. The financial results for the year 2002 will be announced on March 11, 2003; preliminary results will be announced in January 2003.

Wolters Kluwer was recently recognized by Forbes Magazine's highly esteemed global "Best Big Companies" business survey as the world's leading global media organization.