SPM Spg Media

RNS Number:9723F
SPG Media Group Plc
03 December 2004


SPG Media Group plc

SPG Media Group plc ("SPG") announces that it has completed the sale of
Debrett's to private investors Devonshire Media Limited.

Steve Nicholson, Chairman of SPG commented:

"Debrett's was established over 200 years ago developing a reputation through
the Peerage and Baronetage and People of Today publications as the leading
authority on UK aristocracy and successful people.

Debrett's presents its new owners with an outstanding opportunity to build a
leading UK publishing business and we wish the new owners and all staff every
success in the future"

SPG confirmed that the business has been sold for a total consideration of
#1,050,000 in cash with payments structured as to #670,000 on completion,
#200,000 on the first anniversary with the balance on the second anniversary.

SPG confirmed its intentions to use the proceeds for investments in the core
operations and development of the group.

In the most recent SPG accounts, the Debrett's brand was carried at #600,000 and
the contribution to profits was not considered material.


ENDS

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