Selection of Miller Freeman Magazines Acquired

Wilmington Group Plc 17 December 1999 WILMINGTON ACQUIRES MILLER FREEMAN TITLES Wilmington Group plc ('Wilmington') has today (through a subsidiary) completed the purchase of the business, publishing rights and goodwill of five magazines and related events, directories and supplements from United News & Media Group Ltd. These titles are: Timber and Wood Products Wood Based Panels International Tunnels and Tunnelling International Manufacturing Chemist Leather Magazine The titles have been acquired by Wimtour Ltd ('Newco'), a subsidiary of Wilmington formed to effect the acquisition, for a cash consideration of £2,863,000 which was satisfied from existing resources. In the year ended 31st December 1998 the titles had turnover of £4,633,000. As these titles were part of Miller Freeman UK Ltd, an indirect subsidiary of United News & Media plc ('UNM'), separate audited figures for profit before tax and net assets were not prepared. In addition Wilmington will take on liabilities to fulfill outstanding subscriptions of £537,000. Since the acquisition comes towards the end of our financial year the impact of seasonal losses and re-organisation costs, which we expect to be approximately £500,000, will reduce our profits in this period. Thereafter, the acquisition is expected to be earnings enhancing before amortisation of goodwill and intangibles. The operational staff will be relocated to new offices in the Tonbridge area. Newco is 75% owned by Wilmington Publishing Ltd ('WPL') and 25% by Denis Conlon. Denis Conlon was previously Managing Director of Miller Freeman Plc, an indirect subsidiary of UNM, where he worked for 26 years and who joins Wilmington as Managing Director of Newco. WPL, a wholly owned subsidiary of Wilmington, runs its magazine publishing activities. WPL has entered into put and call arrangements whereby it can acquire or be required to acquire Mr Conlon's 25% interest in Newco prior to 28th February 2013 at a price not exceeding £5,000,000 calculated by reference to the future profits of Newco. The acquisition re-inforces Wilmington's position as a provider of specialist information in business-to-business markets. Brian Gilbert, Chief Executive of Wilmington stated: 'We have acquired a number of good quality market leading titles in strong market places. I am delighted, in particular, that Denis Conlon will be joining our group. Denis is one of the most experienced business publishers in the UK'. Denis Conlon said: 'I am particularly pleased to be involved once again with this group of products. They all have an outstanding reputation and history. We will concentrate on building a new environment in which they can enjoy even greater success.' This acquisition follows a separate transaction which was completed earlier this week by WPL to acquire Blueprint Magazine and other assets from Aspen Communications for a cash consideration of £686,327. Enquiries Rory Conwell, Director Wilmington Group plc Tel: 0171 251 6499 Basil Brookes, Finance Director Wilmington Group plc Tel: 0171 251 6499 John Webb Marshall Securities Ltd Tel: 0171 490 3788 Tim Linacre WestLB Panmure Ltd Tel: 0171 638 4010

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