Acquisition

Wilmington Group Plc 24 December 2003 Immediate Release 24 December 2003 WILMINGTON GROUP plc Acquisition of real-time health news information company Agence de Presse Medicale International SAS The Board of Wilmington Group plc ('Wilmington') is pleased to announce that Wilmington Business Information Limited, a wholly owned subsidiary, has today acquired the issued share capital of Agence de Presse Medicale International SAS ('APM') from the Reuters Group. The consideration for the acquisition was approximately £5.27 million and was satisfied in cash on completion. APM and its wholly owned subsidiary APM Media SARL (together 'APM Group') are based in Paris and provide a real-time health news information service in the French language for a subscriber base of hospital managers, general practitioners, pharmaceutical companies and government and public bodies. The profits after tax* of APM Group for the 11 month period to 30 November 2003 were €917,000 (approximately £669,000) and the net assets* of APM Group as at 30 November 2003 were €626,000 (approximately £457,000). The acquisition of APM will enable Wilmington to develop further its publishing and information interests for the healthcare and pharmaceutical markets. Wilmington already has substantial and growing interests in these markets through its Binley's branded products and publication of relevant magazine titles. It is anticipated that APM will contribute positively as a member of the Wilmington Group. * Based on unaudited management accounts. Commenting on the acquisition of APM, Charles Brady, Chief Executive of Wilmington, said: 'APM is an excellent fit with our existing assets in our Business Information division. We remain focussed on specific sectors and, with the acquisition of APM, we have broadened our product and international reach within the dynamic healthcare and pharmaceutical markets'. For further information, please call: Charles Brady Chief Executive, Wilmington Tel: 020 7422 6800 Basil Brookes Finance Director, Wilmington Tel: 020 7422 6800 Bobby Morse Mob: 07802 875 227 Suzanne Brocks Mob: 07776 234 600 Buchanan Communications Tel: 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Wilmington (WIL)
UK 100

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