Sale of Veterinary Information subsidiary

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Thursday 2 March 2000

DMGT has announced that its DMG Information division ('DMGI') has agreed to sell its interest in its subsidiary Vetstream plc ("Vetstream") as part of a general offer by Premium Petcare Ltd. The consideration is partly to be in the Premium Petcare shares and partly in cash. The cash element will be used to reduce Group indebtedness. The transaction values DMGI's interest in Vetstream at approximately £2 million.

Martin Morgan, Managing Director of DMG Information said: "Combining Premium Petcare's Internet consumer pet products business, www.petspyjamas.com, and Vetstream's professional CD ROM information business is extremely attractive and will significantly enhance Vetstream's potential".

Since DMGI's initial investment in 1996, Vetstream has launched a range of products providing world class clinical information for practising veterinarians and its products are now purchased on subscription in 50 countries.

DMGI is rapidly growing the two principal parts of its information business, in the international education market through Hobsons and Study Group International, and in a series of niche business to business sectors, the latter predominantly using the internet. DMGI portfolio companies predominantly serve international markets from operations in the UK, USA, Australia, and in India where it has software and data management subsidiaries.

Note: the net assets of Vetstream being sold are negligible.

Inquiries to:
Martin Morgan, Managing Director, DMG Information - 01223 273 420
Paul Sykes, Finance Director, DMG Information - 01223 2733420
Peter Williams, Finance Director, DMGT - Tel: 020 7938 6631