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Monday 19 February, 2001


Prague Exhibition Grounds

19 February 2001

For immediate release                                        19th February 2001

ITE Group Plc ('ITE') acquires management control of the Prague Exhibition
Grounds ('Vystaviste')

ITE announces that

Incheba Praha, which is 50% owned by ITE, has entered into a lease with the
City of Prague in respect of the land and buildings at Vystaviste in the
centre of Prague. The lease is for an initial period of 15 years with a
five-year extension option.

Vystaviste, which extends over an area of 36 hectares, was designed by the
famous architect Krizik, influenced and guided by Eiffel, and completed in
1891. The Exhibition Ground is currently used for varied exhibition activities
but also for cultural and business events, including last year's Annual
Meeting of the World Bank. The main exhibitions are held within the Industrial
Palace, which has over 10,000 net of exhibition space with a further
10,000 in adjoining pavilions. There are over 50 exhibitions held each
year.  Incheba Praha will hold 16 exhibitions in 2001 and ITE's subsidiary,
Agentura Triumf, has just held its premier event Holiday World, at this

ITE will focus all of its current exhibition activities in the Czech Republic
within Vystaviste under the management of Alexander Rozin. He is a director of
ITE and also the majority shareholder in Incheba A.S., which owns the
exhibition centre in Bratislava, Slovakia and 50% of Incheba Praha. ITE's
financial commitment for the first five years of the lease will not exceed £5

Lawrie Lewis, ITE's Chairman said:

'This important transaction, successfully negotiated by Alexander Rozin, not
only secures the tenancy of our existing shows but also gives us the
opportunity to expand and invest in the exhibition activities in Prague in
partnership with the City itself. We see significant potential in developing
new exhibitions and other profit opportunities at Vystaviste, given the
quality of the facility and Prague's major potential as an international
visitor location. It is already the seventh most visited City in Europe and
offers more hotel rooms than any other European City, apart from London and

For further information, please contact:

ITE Group plc                                         020 7596 5000
Lawrie Lewis/Nigel Stapleton

Buchanan Communications                               020 7466 5000
Richard Oldworth