2005 News Releases

United Business Media acquires events in US & Japan

16 November

United Business Media announced today that it has acquired IT security event and training organiser, Black Hat, for a cash consideration of $10 million, and the Japan Jewellery Fair, for a cash consideration of $2.7 million.

Black Hat (www.blackhat.com) operates IT security conferences in the US, Europe and Asia for IT security professionals. The acquisition further strengthens UBM's position in the technology sector where its subsidiary, CMP, already owns and operates the CSI computer security show in the US and IFSEC, Europe's largest security show.

The Japan Jewellery Fair further extends UBM's position in the Asian fashion sector where it already owns Asia's biggest jewellery fair, the Hong Kong Jewellery Fair, as well as major jewellery fairs in mainland China.

David Levin, Chief Executive of United Business Media, said:

"UBM connects buyers and sellers who need to trade with each other through events, print and online. Today's acquisitions illustrate how we are building leading positions in our key sectors, by adding events to our portfolio that enrich our product offering, extend our geographic footprint and increase our audience."

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Enquiries:

Notes to Editors

About Black Hat
Black Hat provides security consulting, training, and briefings to corporations and government agencies around the world. The Black Hat team has experience working with organizations such as Amazon, DARPA, Microsoft and the NSA.

Black Hat was launched in 1997 by Jeff Moss to provide advanced education to security professionals within global corporations and federal agencies. The company has grown strongly and now offers briefings as well as customized training and consulting services to provide unmatched knowledge about upcoming security trends to three continents.

In addition to the $10 million cash consideration, there is a potential earn-out payment over several years of up to $4 million dollars.

The Japan Jewellery Fair
The Japan Jewellery Fair is one of the leading trade exhibitions in Japan for the professional jewellery industry. Japan is the world's second biggest jewellery market. Established in 1997, the Fair is held in Tokyo in September each year, attracting over 160 exhibitors and 11,000 visitors.

United Business Media
United Business Media operates two main business streams - PR Newswire and CMP.

PR Newswire is the world's leading corporate news distribution service.

CMP specialises in creating prime print, online and exhibition franchises that bring industry professionals and enthusiasts together to be better informed, meet and do business. CMP is, as a result, at the forefront of the development of many national and global industries.

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