Euromoney sells Metal Bulletin subsidiary EIC

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Thursday 12 April 2007

Euromoney Institutional Investor PLC ('Euromoney') announced today that it has completed the sale of its wholly-owned subsidiary, Energy Information Centre Limited ('EIC') to Broadfern Partners ('Broadfern').

Broadfern has paid £4.7 million on completion. A further payment will be made, on a pound-for-pound basis, for the net current assets of the company above £250,000 as at March 31, 2007 on agreement of the completion accounts. The sale of EIC is a class 3 transaction for Euromoney under the listing rules.

EIC provides a range of integrated energy services, covering the oil & gas, electricity and water industries. EIC is the firmly established leader in the provision of wholesale and retail market intelligence, outsourced procurement and energy risk management strategy.

EIC was acquired by Euromoney as part of its acquisition of Metal Bulletin in October 2006 for £222 million. The disposal of EIC is consistent with Euromoney's continuing strategy of streamlining its portfolio of businesses and focusing on subscription-based electronic data products.

About Euromoney Institutional Investor PLC

Euromoney Institutional Investor PLC is listed on the London Stock Exchange and is a member of FTSE 250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. In October 2006 it acquired Metal Bulletin plc for £222million.

It publishes more than 70 magazines, newsletters and journals, including Euromoney, Institutional Investor and Metal Bulletin. It also runs an extensive portfolio of conferences, seminars and training courses, and is a leading provider of electronic information and data on international finance, metals and emerging markets.

Further information
Colin Jones, Finance Director
Tel: 020 7779 8556;
email: cjones@euromoneyplc.com

Christopher Fordham, Director
Tel: 020 7779 8057;
email: cfordham@euromoneyplc.com