Disposal

RNS Number:4166K
Ambient PLC
28 April 2003

Ambient plc
28 April 2003



                            Ambient plc ("Ambient")

                   Disposal of World Market Analysis ("WMA")

In connection with the strategic review outlined in the Company's preliminary
announcement today, the Board of Ambient is pleased to announce the disposal of
the business and assets of WMA. This transaction has been effected by way of a
sale of WMRC plc with the Business Briefings Division having being transferred
into the Ambient Group.

WMA assesses and forecasts political, economic and business conditions in 186
countries and through a range of exclusively on-line subscription services,
offers daily, in-depth analysis of the conditions, opportunities and risks for
businesses and foreign investors in those countries.

The initial consideration, which is payable in cash on completion, is #1.65
million. A further deferred element will be payable based on the revenues
generated by WMA for the two years ending 31 January 2005. The deferred
consideration element is not capped, but based on Ambient's forecasts is
expected to amount to up to #3.3 million. The deferred consideration is payable
in cash in May 2005.

The purchaser of the business, Dr Joseph E Kasputys, is the founder, president
and CEO of Global Insight Inc. Global Insight is a leading business intelligence
corporation with a significant global client base. The Board of Ambient believes
that the new owner and his corporation are well placed to add substance to WMA
and to enhance Ambient's share of the future value represented by the deferred
consideration.

The net liabilities of WMA at 31 January 2003 were #0.9 million and the turnover
and operating losses attributable to these assets in the year ended 31 January
2003 were #3.1 million and #3.2 million respectively. There is no material loss
to the Ambient Group associated with the disposal of WMA.

The sale of WMA is the first stage of Ambient's strategy to focus on its core
business Moneybox. The proceeds of the sale of WMA will be used to reduce the
group's indebtedness.

For further information, please contact:

Ambient plc
020 7452 5200

Vincent Isaacs, Chairman
Andrew Stimpson, Group Managing Director

Oriel Securities Limited
020 7710 7600

Simon Bragg, Director
Adrian McMillan, Director

Merlin Financial
020 7606 1244

Paul Lockstone / David Simonson / Claire Maciocia


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