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ITE Group PLC (ITE)

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Thursday 30 September, 2004

ITE Group PLC

Trading Statement

ITE Group PLC
30 September 2004



ITE Group plc

                            Pre-close Trading Update

30th September 2004

ITE Group plc, the international exhibition group specialising in emerging and
developing markets has today issued the following statement ahead of its close
period:

The Group's exhibition business in Russia and the CIS has performed ahead of
expectations for the second half of the year, and as a result it is expected
profits and Operating margins for the full year ending on 30th September 2004
will exceed current market expectations.

   •Revenues are expected to be marginally ahead of market expectations.
   •Gross margins at a number of the major second half events including
    Russia Building Week in April, Moscow International Motor Show in August and
    Worldfood Moscow in September have exceeded expectations.
   •Construction events throughout the CIS have also shown good growth.
   •Favourable exchange rate movements in the second half of the year have
    reversed a significant part of the foreign exchange losses incurred in the 
    first half
   •Overheads will be significantly lower than last year
   •Full year Operating margins (pre-amortisation) are expected to be over
    26% (2003 23.8%).

Ian Tomkins, Chief Executive Officer of ITE, said 'I am delighted the company is
achieving such strong growth. It is a clear indication of the development,
strength and growth opportunities in the markets in which we specialise and
reflects our pre-eminent position in these markets. We continue to look ahead to
a very exciting period in Russia and the CIS. The Group is maintaining its focus
on delivering organic growth in these core markets, together with making prudent
'bolt on' acquisitions which are complementary to our existing business. I
believe ITE is very well positioned to continue to leverage our market leading
positions in these exciting and developing markets.'

The Board confirms that the results for the year ending 30th September 2004 will
be announced on 7th December 2004.

                                     -Ends-

Enquiries:

Ian Tomkins                         020 7596 5000
Chief Executive, ITE Group plc

Bridget Fury                        020 7653 6620
Merlin




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