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ITE Group PLC (ITE)

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Thursday 29 September, 2005

ITE Group PLC

Acquisition

ITE Group PLC
29 September 2005



29 September 2005



                      ITE Group plc ('ITE' or 'the Group')

                 Acquisition of Leading UK Footwear Exhibitions

                   Strengthens Clothing and Fashion Portfolio


ITE Group plc, the international exhibition group announced today the
acquisition of DEW Events Limited ('DEW'), which owns the principal footwear
exhibitions in the UK, for an initial consideration of £3.4 million in cash.


The exhibitions, which are the leading events in the footwear sector, are run in
Birmingham in February and August and London in April and October each year. The
Birmingham exhibitions are already co-located with ITE's MODA Fashion
Exhibition. DEW and ITE have worked together over the last three years to
cross-promote these events.  The combined exhibition at over 18,000m2 net is the
UK's largest trade fashion event.


David Wilkins, Managing Director of DEW, will continue to work on the Footwear
exhibitions with ITE's team for at least the next 2- 3 years.  He retains an
ownership interest of 25 per cent in the London Footwear exhibitions, over which
there are options for ITE to buy and for David Wilkins to sell. Total
consideration for the acquisition is capped.


The acquisition of DEW Events is consistent with ITE's strategy of growing its
portfolio of events both organically and through selective acquisitions in its
key markets and sectors.


Commenting on the acquisition Ian Tomkins, Chief Executive Officer of ITE Group
plc, said:


'The MODA Fashion and the Footwear UK exhibitions have both benefited from the
cooperation between our companies over the last three years. Based on this
success, we are confident that the Footwear exhibitions will thrive as part of a
larger group.   This acquisition further strengthens our fashion portfolio and
extends ITE's market leadership in this sector.'



                                      ENDS


Enquiries:


Ian Tomkins: Tel No 0207 596 5000

Chief Executive, ITE Group plc



Tim Spratt / Charles Palmer

Financial Dynamics: Tel No 0207 831 3113


Note to editors


The media company ITE Group plc has a full listing on the LSE and specialises in
B2B exhibitions, primarily in emerging and fast growing Eastern European
markets. Key figures:

-  140+ events in 15 countries

-  key sectors: construction; oil & gas, travel; food; motor &
   transport; textiles & fashion; IT & Telecoms

-  key geographic areas of operation: Russia, Ukraine, Kazakhstan,
   Azerbaijan, Uzbekistan, Turkey, South Africa, UK

-  10%+ growth in exhibition space in 2004 to 276,000 sq m

-  2004 turnover £60.8m and headline profit before tax of £18.1m


                      This information is provided by RNS
            The company news service from the London Stock Exchange