Acquisition of Ad-Mag

Tuesday 19 May 1998

Northcliffe Newspapers Group Limited ("Northcliffe"), DMGT's wholly owned regional newspaper business, has agreed to acquire the issued share capital of Alderton Limited, the publisher of Ad-Mag in the East Midlands and South Yorkshire. Ad-Mag is a paid-for free advertising paper which was established in 1993 and is based in Nottingham. It had net assets of £0.3 million at 31st May, 1997.

The acquisition is conditional, inter alia, upon clearance from the Secretary of State for Trade and Industry.

Inquiries:
Peter Williams, Finance Director, DMGT - 0171 938 6631
Michael Pelosi, Deputy Managing Director, Northcliffe - 0171 400 1108

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