dmg world media acquisitions update

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Thursday 11 November 2004

dmg world media, DMGT’s exhibitions division, has completed on a number of small acquisitions in recent months. These acquisitions form part of its strategy to build its business organically, through a programme of new product launches and “in-fill” acquisitions that can be easily absorbed into its existing business structure.

The acquisitions include: a consumer home show in San Diego, California; a small antiques newspaper in the US; and most recently the acquisition of Gastech and the European Autumn Gas Conference (“EAGC”) from Turret Rai plc.

The total combined cost for these acquisitions is estimated at £7.4 million. This includes down payments to date of £6.8 million and further earn-out payments for some of the acquisitions of £0.6 million, based on future performance.

These acquisitions are expected to be earnings enhancing before goodwill amortisation in DMGT's current financial year.

Enquiries to:

Peter Williams, Finance Director, DMGT 020 79386631

Ben Brougham, Business Development Director, dmg world media, 020 8515 2000

Andrew Honnor, Tulchan Communications, 020 7353 4200