Moscow Centre

RNS Number:0849U
Expomedia Group PLC
12 January 2004

                         Architectural Approval for the
            Multifunctional Sports and Exhibition Complex in Moscow


Expomedia Group plc ("Expomedia"), one of the leading chains of international
exhibition centres, is pleased to report that OAO Olimpiiskiy Kompleks Luzhniki
("the Lessor") has now received notification that its plans for a
Multifunctional Sports and Exhibition Complex in the south sports area of the
Luzhniki Olympic Complex in Moscow have now been approved by the office of the
Chief Architect of the City of Moscow.  Expomedia has entered into a 30 year
lease agreement with the Lessor pursuant to which it will lease the entire
complex.

The proposed complex will be comprised of two single storey large span halls, 
linked by a central building of up to five storeys, which will be used for 
sporting events (e.g. football or tennis) and to hold large scale exhibitions 
and events. Shops, cafes and underground parking facilities are also included in 
the proposed development totalling up to 33,200 square metres with an over 
ground area of up to 26,300 square metres on a 3.9 hectare designated land plot.

The decision of the Chief Architect's office will now allow the Lessor to
finalise the technical documentation and proceed with obtaining final consents
required to enable the development to commence.  The Lessor is in the process of
selecting a preferred contractor for the development of the site.

Roger Shashoua, Chairman of Expomedia, comments: "We appreciate the hard work of
the management of Luzhniki in securing these permissions and we now look forward
to working alongside them to expedite this important project."


Enquiries

Mark Shashoua                       0207 3763300
Chief Executive
Expomedia Group Plc

Darra Comyn                         0207 3763300
Finance Director
Expomedia Group Plc


Name and signature of authorised company official responsible for making this
notification:
Darra Comyn                        0207 3763300


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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