J. Walter Thompson Acquires TMI Group

WPP Group PLC 30 March 2000 WPP GROUP PLC ('WPP') J. Walter Thompson acquires TMI Group in the Middle East WPP Group plc ('WPP') announces that its wholly-owned operating company, J. Walter Thompson Company ('JWT'), the global advertising agency group, has acquired 51% of the TMI Group of companies ('TMI'), one of the leading advertising groups in the Middle East, and entered into put and call options to acquire the remaining 49%. TMI, which has been a JWT affiliate in the Middle East and North Africa since the mid-1980s, has subsidiaries in Egypt, UAE, Jordon, Lebanon, Kuwait, Saudi Arabia, Syria, Morocco and the UK and employs 320 people. Major clients include Arab Bank, De Beers, Egypt Tourism, Ford, Jaguar, Gulf Air, Nestle, Shell, Siemens and Unilever. The Group reported revenues of $18.5million for the year ending 31 December 1999 and net assets of $5.5million at 30 September 1999. The acquisition of TMI expands JWTs presence in the strategically important Middle Eastern market and continues WPPs strategy of strengthening existing networks worldwide. For further information please contact: Feona McEwan at WPP, London Tel: 020 7408 2204 www.wpp.com www.jwtworld.com

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