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Euromoney Ins.InvPLC (ERM)

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Thursday 31 August, 2006

Euromoney Ins.InvPLC

Offer Document Posted

Euromoney Institutional InvestorPLC
31 August 2006



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN
                              OR THE UNITED STATES



31 August 2006


    Recommended Final* Cash Offer for Metal Bulletin Public Limited Company
by Euromoney Institutional Investor PLC on behalf of its wholly owned subsidiary
              Euromoney Institutional Investor (Ventures) Limited



Posting of Offer Document


Further to the announcement on 4 August 2006 of the terms of a recommended final
* cash offer for Metal Bulletin Public Limited Compay ('Metal Bulletin') by
Euromoney Institutional Investor (Ventures) Limited ('Euromoney Ventures'), a
subsidiary of Euromoney Institutional Investor PLC ('Euromoney' or the
'Company'), the Board of Euromoney announces that the Offer Document, containing
a letter of recommendation from the Chairman of Metal Bulletin and the full
terms and conditions of the Offer together with a Form of Acceptance, is being
posted to Metal Bulletin Shareholders today.  In addition, a prospectus which
has been prepared in connection with the possible issue of up to 14,000,000 new
ordinary shares in Euromoney to Metal Bulletin Shareholders as consideration
under the terms of the Offer is also being posted to Metal Bulletin Shareholders
today.


If you hold your Metal Bulletin Shares, or any of them, in certificated form
(that is, not in CREST), to accept the Offer in respect of those Metal Bulletin
Shares (and, if relevant, to elect for either the Partial Share Alternative or
the Loan Note Alternative) you should complete, sign and return the Form of
Acceptance which has been posted to you with the Offer Document (together with
your share certificates and any other documents of title) as soon as possible
and, in any event, so as to be received by Capita Registrars not later than 1.00
p.m. on 21 September 2006.


If you hold your Metal Bulletin Shares, or any of them, in uncertificated form
(that is, in CREST), to accept the Offer in respect of those Metal Bulletin
Shares (and, if relevant, to elect for either the Partial Share Alternative or
the Loan Note Alternative) you should follow the procedure for electronic
acceptance through CREST so that the TTE instruction as soon as possible and, in
any event, not later than 1.00 p.m. on 21 September 2006.  If you hold your
Metal Bulletin Shares, or any of them, as a CREST sponsored member, you should
contact your CREST sponsor as only your CREST sponsor will be able to send TTE
instructions to CRESTCo.


Posting of Shareholder Circular


Euromoney will today also be posting to its shareholders a Class 1 Circular (the
'Circular') setting out details of the acquisition and containing a notice
convening an extraordinary general meeting of shareholders (the 'EGM') to
approve the acquisition of Metal Bulletin and the resolutions necessary in
connection with the issue of the New Euromoney Shares.  Euromoney Shareholders
will also receive a copy of the Prospectus and Offer Document.  The EGM will be
held at the offices of Nabarro Nathanson, Lacon House, 84 Theobald's Road,
London WC1X 8RW at 9.30 a.m. on 20 September 2006.


Copies of the Circular and Prospectus have been submitted to the UK Listing
Authority for publication through the document viewing facility which is
situated at The Financial Services Authority, 25 North Colonnade, Canary Wharf,
London E14 5HS.


Availability of Documents


Copies of the Circular, Prospectus and Offer Document are also available for
collection by Euromoney Shareholders from the offices of Euromoney Institutional
Investor PLC, Nestor House, Playhouse Yard, London, EC4V 5EX during normal
business hours on any weekday (Saturdays and public holidays excepted).


Copies of the Prospectus and Offer Document are also available for collection by
Metal Bulletin Shareholders from the offices of Euromoney Institutional Investor
PLC, Nestor House, Playhouse Yard, London, EC4V 5EX during normal business hours
on any weekday (Saturdays and public holidays excepted).


Disclosure under rule 8.4


Further to the announcement on 4 August, each of the directors of Metal Bulletin
have entered into undertakings to accept the Offer in respect of the following
shares they hold:

Name of director                                                       Number of
                                                                        Shares
Brian Moritz                                                            18,500
Leslie-Ann Reed                                                         11,195
Robin Field                                                             10,000
Anthony Selvey                                                          20,000
Thomas Hempenstall                                                     413,815


The above holdings total 473,510 shares in the share capital of Metal Bulletin,
representing approximately 0.9 per cent. of the existing issued ordinary share
capital of Metal Bulletin. These undertakings will cease to be binding only if
the Offer lapses or is withdrawn, and remain binding in the event that a higher
competing offer for Metal Bulletin is made.



* Note: Euromoney reserves the right to increase its Offer in the event that a
competitive situation arises as described in Note 3 to Rule 32.2 of the Takeover
Code.


Enquiries:


Euromoney


Padraic Fallon (Chairman)
Richard Ensor (Managing Director)
Colin Jones (Finance Director)
Christopher Fordham (Executive Director)

Tel:  +44 (0)20 7779 8888


Dresdner Kleinwort (financial adviser and broker to Euromoney)

Chris Treneman
Claude Herskovits
Sean Watherston

Tel:  +44 (0)20 7623 8000


Tulchan Communications (PR adviser to Euromoney)

Andrew Honnor
Peter Hewer

Tel:  +44 (0)20 7353 4200






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