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ITE Group PLC (ITE)

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Thursday 16 March, 2000

ITE Group PLC

Joint Venture with PSA Corporation in Singapore

ITE Group PLC
16 March 2000


ITE Group Plc ('ITE') enters into joint venture agreement with
PSA Corporation Limited ('PSA') in Singapore


ITE Group Plc ('ITE'), the international exhibition and b4b
internet group, is pleased to announce that it has entered
into a 50/50 joint venture with PSA in Singapore to launch new
exhibitions to be held at Singapore Expo, which is managed by
PSA. The joint venture will look to launch exhibitions
primarily in the healthcare, food and drink, transport and
logistics, e-commerce, construction machinery and construction
sectors. The joint venture is for an initial term of ten years
with five yearly options thereafter.

Under the terms of the agreement, PSA Exhibitions Pte Limited,
a wholly owned subsidiary of PSA, will be responsible for
local sales in South East Asia and all aspects of local
organisation and management of the exhibitions in Singapore
Expo. Singapore Expo, which was completed last year, is the
largest and most modern exhibition facility in South East Asia
with 60,000 sq.ms. of covered space as well as further outdoor
space and conference facilities. ITE will be responsible for
international sales through its worldwide network of sales
offices.

ITE has also agreed that the joint venture will extend to
other exhibition projects in South East Asia especially where
PSA's experience and network can add value.

PSA's main activity is the operation of the Port of Singapore
as well as other activities involving marine services, office
properties and exhibition facilities. PSA operates a number of
joint ventures with other ports, including the operational
management and expansion of the Port of Dalian in China.

Lawrie Lewis, ITE's Chairman commented, 'This joint venture is
a further step in our strategy to forge alliances with strong
partners in the Far East with ambitious expansion plans. Our
own joint venture in Dalian, China was announced earlier this
week where PSA also has a joint venture. We have a similar
geographical philosophy which will benefit both
organisations.'

For further information, please contact:

ITE Group Plc
Lawrie Lewis        -    Chairman            020 7596 5000
Odette Jonkers      -    Group PR Manager    020 7596 5253

Buchanan Communications
Richard Oldworth/Isabel Petre                020 7466 5000