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ITE Group PLC (ITE)

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Friday 25 June, 2004

ITE Group PLC

Acquisition

ITE Group PLC
25 June 2004



                                  ITE Group plc

                       Acquisition of Publishing Business

25th June 2004


ITE Group plc ('ITE'), the international exhibitions specialist, is delighted to
announce the acquisition of RAS Publishing Limited for cash consideration of
£2m. RAS Publishing owns the pre-eminent UK fashion sector titles, Womenswear
Buyer and Menswear Buyer.

ITE runs the very successful MODA UK exhibition series at the NEC in Birmingham
with the bi-annual Womenswear and Menswear shows. These shows have tripled in
size since being acquired by ITE in 2001. This new acquisition provides an
opportunity to further enhance the offering to clients and develop the natural
synergies between the publishing and exhibition businesses.

Commenting on the acquisition, Ian Tomkins, Chief Executive, said:

'RAS Publishing is an excellent extension of our current business given its
strong position in the retail buying market and superb reputation built over ten
years. We believe that by adding this new dimension to our business we can offer
our customers a more developed and complete marketing solution which will assist
us in further growing and strengthening our business here in the UK.'

                                     -Ends-

Enquiries:

Ian Tomkins                           020 7596 5000
Chief Executive, ITE Group plc

Bridget Fury                          020 7653 6620
Merlin



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