Acquisition of further 9% stake in George Little Management, LLC

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Thursday 4 January 2007

dmg world media, the exhibitions division of DMGT, announces the acquisition of a further 9% stake in George Little Management, LLC ('GLM'), the United States’ largest privately-held tradeshow management company, bringing its total shareholding in the company to 49%.

The original ‘put and call options’ will remain in place for the balance of the shares, which means that dmg world media will acquire a further 2% of the shares between 2007 and 2010 and the remainder between 2010 and 2014. In addition the vendors can put a maximum of 20% of the shares in GLM to DMGT in any one year.

The total cost for the acquisition of the further 9% stake is US$21 million (£10.8 million). We expect the acquisition to be earnings enhancing before any amortisation of intangible assets during the current year.

Enquiries to:
Mark Alcock
Deputy Chief Executive Officer
dmg world media
+1 (415) 464 8500

Peter Williams
Finance Director, DMGT
+44 (0)20 7938 6631