Disposal of Aberdeen Journals by Northcliffe

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Monday 3 April 2006

DMGT announces that Northcliffe Newspapers, its regional newspaper division, has completed the disposal of Aberdeen Journals Limited to DC Thomson & Company Limited.

The disposal reduces DMGT's net debt by £132 million. DMGT will book an exceptional profit on disposal in its half year accounts for the six months to 2 April, 2006.

Pensions' legislation requires Aberdeen Journals to pay approximately £27 million into DMGT's retained pension schemes when Aberdeen Journals' employees are subsequently transferred into a new scheme.

This payment, which will be refunded to DC Thomson by Northcliffe Newspapers, is not expected to occur until after DMGT's 1 October, 2006 year end.

This announcement follows that made on 27 March 2006.

Enquiries
Nicholas Jennings, Company Secretary, DMGT:
20 7938 6625
Michael Pelosi, Managing Director, Northcliffe Newspapers:
020 7400 1100
Andrew Honnor, Tulchan Communications:
020 7353 4200