EXP Expomedia Grp

RNS Number:9689W
Expomedia Group PLC
10 June 2002



10 June 2002

                               Expomedia Group Plc


Expomedia Group plc acquires the rights to the exhibition events of Promocja 
Nieruchomosci Sp. Zo.o

Expomedia Group plc ("Expomedia" or the "Company") announces the acquisition of
the portfolio of rights to organise exhibition events currently owned by
Promocja Nieruchomosci Sp. Zo.o ("Promocja Nieruchomosci ") for an initial cash
consideration of USD100,000.  Further amounts may be payable based on valuing
Promocja Nieruchomosci's portfolio of acquired exhibition events at 1.4 times
2002 EBITDA but the total consideration payable is capped at a maximum of
USD232,000. Promocja Nieruchomosci is a niche exhibition and conference
organiser specialising in the real estate, financial and training seminar
sectors.  This acquisition does not constitute a substantial transaction under
rule 11 of the Alternative Investment Market.

Promocja Nieruchomosci's portfolio of events includes: The Warsaw Real Estate
Market, The Polish Real Estate Market, The Spring and Autumn Warsaw Residential
Real Estate Market and a series of financial seminars and conferences. Promocja
Nieruchomosci is led by Mariusz Kania, who as a result of the acquisition will
be appointed managing director of Expomedia's local exhibition company in
Poland, CEE Miedzynarodowe Targi Warzawski Sp. zo.o ("CEE/MTW"). The entire
portfolio of Promocja Nieruchomosci's events and conferences will in future be
held in Expomedia's WIEC - EXPOXXI centre.

By acquiring this portfolio of events from Promocja Nieruchomosci, CEE/MTW adds
new titles to its exhibition list of shows such as WIMS - The Warsaw
International Motor Show, Meeting Premiera - The Stationery Exhibition, PIFE -
Polish International Furniture Exhibition and EXPOBUILD - The Warsaw
International Construction Exhibition. CEE/MTW offers its exhibition organising
services to international organisers, media groups and associations to
facilitate local sales, government support and visitor and exhibitor promotion.

Mark Shashoua, CEO of Expomedia stated, "We are very pleased to bring Mariusz
Kania aboard. He is exactly the type of person who can lead CEE/MTW to new
heights. His experience and energy will continue the growth plan that we have
implemented since entering Poland two years ago."





Enquiries

Mark Shashoua                                                      020 7376 3300
Chief Executive
Expomedia Group Plc

Darra Comyn                                                        020 7376 3300
Finance Director
Expomedia Group Plc

Name and signature of authorised company official responsible for making this 
notification:

Darra Comyn                                                        020 7376 3300




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