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United Business Media completes acquisition of "Theme" magazine and the "Bar Show" exhibition

23 August

United Business Media today announced that it had completed the acquisition of "Theme" magazine and the "Bar" exhibition from Mondiale Publishing following OFT approval for the transaction. UBM had previously announced an agreement to acquire these assets – on 15 June 2005.

These assets complement the "Publican" group of publications and events, which UBM acquired in February. Integration of today's titles into UBM's operational infrastructure will reduce overheads and generate cross-selling opportunities.

The purchase price is £5m million in cash. "Theme" and "Bar Show" generated £2.1m of revenue and £0.6m of EBITA in the year to end of June 2004.

For further information, please contact:

Michael Waring United Business Media 020 7921 5031
Colin Browne The Maitland Consultancy 020 7379 5151

Notes to Editors:

Theme
Theme Magazine is a leading monthly publication for the hospitality sector, read by buyers, specifiers, designers, architects, brand managers and decision makers in the bar and restaurant business.

Since its launch in 1995, Theme has held a mirror up to the changing face of bar and restaurant design throughout the UK, championing innovation, experimentation and excellence in new venues and their operation, whilst following developments in all aspects of the industry.

Bar Show
The Bar Show is a leading event for the hospitality industry. It is dedicated to bringing together over 200 suppliers with over 8,381* visitors (*ABC audited) to do business in a vibrant atmosphere full of new products and ideas.

It covers every aspect of opening, running or refurbishing a bar. Exhibitors range from interior designers and furniture manufacturers to alcoholic drinks brands and mixers, to the very best in audio-visual technology and entertainment.

United Business Media plc (http://www.unitedbusinessmedia.com) is a leading provider of business information services to the technology, healthcare, media, automotive, financial services and property industries. UBM offers services in news distribution, publishing and events to customers across the globe. Its brands include PR Newswire, the world's leading corporate news distribution service; and CMP, the B2B media and exhibition group operating in high tech, healthcare, property, entertainment, jewellery & fashion in the US, UK, Asia and Europe.

This press release includes statements which are not historical facts and are considered "forward-looking" within the meaning of Section 27 of the Securities Act of 1933, as amended. These forward-looking statements reflect UBM's current views about future events, business and growth strategy and financial performance. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate," "on target" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from UBM's expectations. UBM expressly does not undertake any duty to update forward-looking statements. Management does not attempt to update forecasts unless conditions materially change.

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