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Euromoney Ins.InvPLC (ERM)

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Tuesday 28 March, 2006

Euromoney Ins.InvPLC


Euromoney Institutional InvestorPLC
28 March 2006

                           P R E S S   R E L E A S E

              Euromoney Institutional Investor to acquire leading

                 Singapore events business, Asia Business Forum

Euromoney Institutional Investor PLC ('Euromoney'), the international
publishing, events and data business, has today signed an agreement to acquire
47.5% of Asia Business Forum ('ABF'), a leading conference organiser and
training business for the Asian region.

ABF produces more than 150 events a year from its three offices in Singapore,
Kuala Lumpur and Bangkok. The events attract more than 1500 speakers and nearly
5000 executives across Asia.

The price for the initial 47.5% tranche is £3.0 million.  In addition, Euromoney
has an option to acquire a further 42.5% in March 2007 and the final 10% after
2009. These further payments are dependent on the audited profits of ABF for the
years to 31 December 2006, and 2009 or later, respectively.  The maximum
consideration payable for 100% of ABF is capped at £17.6 million. The
acquisition will be financed from Euromoney's existing borrowing facility.  It
is expected to be earnings-enhancing for Euromoney for its financial year ending
30 September 2006.

ABF was launched in Singapore in 1992 by Norman Wright and Linda Yeap. Its
events cover a range of subjects including finance, law, energy,
pharmaceuticals, telecoms and aviation.

Norman Wright will stay with ABF until the end of 2006 as a director and
consultant. Linda Yeap will be managing director of ABF until at least the end
of 2009.

'We are delighted to be investing in this high-quality events business in one of
the fastest growing parts of the world,' said Euromoney Chairman Padraic Fallon.
'Following the success of our investment in CEIC, the Hong Kong-based
macroeconomic data business, a year ago, we have been looking for further
opportunities in Asia. ABF enables us to expand our operations more rapidly in
this region, and we welcome ABF to the Euromoney Group.'

Norman Wright, Chairman of ABF, added: 'As the leading Asia-owned producer of
business conferences and training in the region, ABF is delighted to be invited
into the Euromoney family. I believe that the combined interests of Euromoney
and ABF will create one of Asia's foremost authorities for business and
professional information.'

Tony Shale, CEO of Euromoney Institutional Investor Asia, commented: 'ABF is a
market leader in Singapore, Malaysia and Thailand with an excellent brand and
reputation. We are delighted to be working with its teams in what has already
proven to be a great meeting of minds.'


Note to editors:

About Euromoney Institutional Investor PLC

Euromoney Institutional Investor PLC is listed on the London Stock Exchange and
is a member of FTSE 250 share index. It is a leading international
business-to-business media group focused primarily on the international finance
sector.  It publishes more than 100 magazines, newsletters and journals,
including Euromoney, Institutional Investor and Asiamoney. It also runs an
extensive portfolio of conferences, seminars and training courses, and is a
leading provider of electronic information and data on international finance and
emerging markets.

For further information please contact:

Euromoney Institutional Investor PLC:

Padraic Fallon, Chairman, Euromoney - - 00 852 2912
8008 (or 00 44 20 7779 8556)

Colin Jones, Finance Director, Euromoney - - 
00 852 2912 8008 (or 00 44 20 7779 8556)

Christopher Fordham, Director, Euromoney - - 00 44 784
105 3160

The Company Agency:

Alex Money  - - 00 44 20 7670 7451

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