Completion of Merger

T&F Informa PLC
10 May 2004


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN
                                OR UNITED STATES

                                  10 May 2004

                     Merger of Informa and Taylor & Francis


Completion of Merger, change of name to T&F Informa and commencement of dealings
in new T&F Informa Shares


The boards of Informa and Taylor & Francis are pleased to announce that the
Taylor & Francis Scheme of Arrangement required to effect the Merger between
Informa and Taylor & Francis became effective today and the Merger has
completed.

Commenting on the completion of the Merger, David Smith, Chairman of T&F
Informa, said:

'We have had strong support from shareholders for this merger and today marks
the beginning of T&F Informa.  The Enlarged Group will provide a strong platform
from which to expand existing revenue streams, better capitalise on market
opportunities and deliver growth to our shareholders in a wider range of
economic conditions.'

Peter Rigby, Chief Executive of T&F Informa, commented:

'We are looking forward to building an exciting new force in specialist
information, utilising a wide range of media. The Group has the clear potential
to become a major industry player over the next few years.'


As a result of the Merger, 146,329,938 new T&F Informa shares have been issued
to former Taylor & Francis Shareholders.  As of today, 298,340,260 ordinary
shares of 10p each are in issue.


Dealings in the new T&F Informa Shares issued to Taylor & Francis Shareholders
are expected to commence on the London Stock Exchange at 8:00 a.m. today.  The
designation of T&F Informa has changed to TFI as a result of the change in name
to T&F Informa.  The last day of dealings in Taylor & Francis Shares was 7 May
2004.


Any Taylor & Francis Shareholder who has any queries in relation to the above
should contact their financial adviser or Taylor & Francis' registrars, Capita
Registrars.



                                 Board Changes

The board of T&F Informa plc announces the following board changes which took
effect today upon the Merger becoming effective:

James Wilkinson and Eric Barton have resigned from their positions; and David
Smith, Anthony Foye, Don Cruickshank and Derek Mapp have been appointed as
directors.

Accordingly, the board of T&F Informa plc comprises the following directors:

Name:                                       Role:

David Smith                                 Chairman
Peter Rigby                                 Chief Executive
David Gilbertson                            Managing Director
Anthony Foye                                Finance Director
Richard Hooper*                             Non-executive Director
Don Cruickshank                             Non-executive Director
Sean Watson                                 Non-executive Director
Derek Mapp                                  Non-executive Director



* Senior non-executive director


The T&F Informa board reflects the complementary skills and experience of the
senior management of the two groups, who will each have clearly defined roles
within the organisation. The combined management team has broad experience of
successful acquisitions, business integration and organic growth delivery, both
in the UK and internationally, across the academic, scientific, professional and
commercial markets.

Details of each of the above directors are contained in the Listing Particulars
dated 19 March 2004, which were sent to both Informa Shareholders and Taylor &
Francis Shareholders.

The T&F Informa board is also currently seeking to appoint an additional
independent non-executive director to the board to give a total of five
non-executives.

Terms used in this announcement have the same meaning as in the Listing
Particulars dated 19 March 2004 which were sent to Informa Shareholders and
Taylor & Francis Shareholders.

Enquiries


Informa                  [phone]         Taylor & Francis           [phone]
Peter Rigby                                       David Smith
David Gilbertson                                  Anthony Foye
Jim Wilkinson

Bell Pottinger           [phone]         Financial Dynamics         [phone]

John Coles                                        Tim Spratt
Zoe Sanders                                       Charles Palmer
Capita Registrars        [phone]

                      This information is provided by RNS
            The company news service from the London Stock Exchange
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