Acquisition of Publishers Communication Group

Delyn Group PLC 1 June 2000 Delyn Group Plc (to be renamed ingenta plc) to Acquire Publishers Communication Group June 1, 2000 - ingenta, the global research gateway, today announced that it has agreed to acquire privately-held Publishers Communication Group, Inc. (PCG). The company provides marketing services to publishers, negotiating electronic licensing arrangements and helping them promote sales of individual titles to library markets in the US and Europe. The acquisition complements ingenta's existing range of services which help publishers to host and serve their material online and sell individual articles to libraries and end users over the Web. The terms of the acquisition include payment of up to US Dollar 1.5million in cash, subject to adjustment to the extent that audited net assets as at 31 May 2000 differ from US Dollar 150,000. In the year to 31 March 2000, PCG generated sales of US Dollar 1 million and pro forma adjusted profits before tax of US Dollar 168,000. 'There is considerable synergy between PCG and ingenta,' said Mark Rowse, ingenta's CEO. 'PCG offers services which help publishers generate revenues from the sale of subscriptions to their titles. It is also performing a crucial role in negotiating licenses between libraries and publishers for the delivery of electronic information. The acquisition therefore consolidates our position as a generator of revenues for publishers, both through pay per view and the more traditional subscription-based business model.' PCG, which is based close to ingenta's offices in Cambridge, Mass, supplements ingenta's current service offering to publishers by adding a subscription sales, marketing and consulting element. Through its international network of library contacts, PCG helps their clients, including publishers such as John Wiley, American Institute of Physics and MCB University Press, grow their businesses, develop stronger relationships with libraries, and generate and retain library subscriptions for their journals. PCG's staff provide sales representation, conduct on-site visits, undertake telemarketing programs, sell advertising space in journals, perform market research and run focus groups. 'PCG is excited about working with ingenta to continue providing our clients with marketing services to libraries worldwide,' commented Doug Wright, vice president and general manager of PCG. 'By adding PCG's services to ingenta's current service offering, we will be able to offer publishers a wider menu of programs, from marketing and sales right through to digital content management and online delivery. ' About ingenta ingenta is the global research gateway serving the online information needs of over 1.4 million visitors a month. It provides a free online search service of published content from reliable research sources not freely searchable elsewhere on the Web and is one of the UK's top 20 Web services. For publishers of professional and academic periodicals and journals, it provides a suite of services including data conversion, secure online hosting and distribution of this material to subscribers and pay-per-view customers. As well as providing Web users with a broad based article search and delivery service through www.ingenta.com, ingenta also develops subject-focused e-communities, built in conjunction with societies, publishers and university presses. In March 2000 ingenta merged with the UnCover Inc and in May 2000 it became listed on the AIM market of the London Stock Exchange. Links: http://www.ingenta.com http.//www.pcgplus.com CONTACTS Mark Rowse Carolyn Dougherty Gemma Coxedge CEO ingenta plc Sales Director ingenta plc Fodor Wyllie 01865 314800 01865 314800 020 8541 4082 mrowse@ingenta.com cdougherty@ingenta.com gemmac@fodorwyllie.com Edward Macquisten Ludgate Communications 0207 216 4448 emacquiste@ludgate.co.uk

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