Acquisition

RNS Number:0609M
Expomedia Group PLC
09 June 2003


                              Expomedia Group Plc
                       Acquisition of Exhibition Bulletin


Expomedia Group Plc announces that Mash Media Group Ltd ("Mash"), a 51% owned
subsidiary, has agreed to acquire the publication  "Exhibition Bulletin" from
Tarsus Group Plc for a cash consideration of #1.1million of which #500,000 will
be paid on completion. Tarsus will retain advance revenue of #157,000 and the
balance will be paid in stages by 15 January 2005.

Mash will acquire the goodwill and certain intellectual property rights related
to the following publications: Exhibition Bulletin, Exhibition Bulletin
Yearbook, EB100 and the e-bulletin newsletter. Exhibition Bulletin was first
published in 1948 and is the definitive United Kingdom publication for the world
wide exhibition industry.

Mash currently publishes the titles Exhibition News, LUKE, Exhibition Handbook,
Exhibiting, Conference News and Conference Handbook. Several of these titles
compete with the titles being acquired and it is expected that Exhibition
Bulletin will be merged with LUKE and Exhibition Bulletin Yearbook will be
merged with Exhibition Handbook. It is anticipated that substantial synergies
will be realised from the merger of the publications.

In the year ended 31 December 2002 Exhibition Bulletin generated revenues of
#781,000 and a profit before tax of #76,000.

Commenting on the acquisition Mark Shashoua, Chief Executive of Expomedia Group
Plc said:

"We are very pleased with the acquisition of such an established title in the
exhibition industry.  The acquisition of Exhibition Bulletin now completes our
Group plan to become the pre-eminent publisher to the exhibition industry and
enables us to offer a complete service to our clients.

We look forward to incorporating the title into our portfolio and  following our
recent announcement of the launch of the ExpoSegodnia publication in Moscow, we
will also look to expand certain titles into the other markets in which the
Group has operations."




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