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Euromoney Ins.InvPLC (ERM)

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Wednesday 26 September, 2007

Euromoney Ins.InvPLC

Trading Update

Euromoney Institutional InvestorPLC
26 September 2007



26 September 2007


                      EUROMONEY INSTITUTIONAL INVESTOR PLC                      

                        PRE-CLOSE PERIOD TRADING UPDATE                         


Euromoney Institutional Investor PLC (the 'Company') has today issued its
pre-close trading update ahead of the announcement of its results for the year
to September 30, 2007.


Trading in the second half, including the key month of September, has continued
the encouraging trend seen in the first. The Company has benefited from strong
organic growth across all its divisions and revenue streams and as a result the
board now expects to announce an adjusted profit before tax* of not less than
£60 million for the year to September 30, 2007, ahead of market expectations.

 
Metal Bulletin, acquired in October 2006, has been fully integrated within the
group, and the synergies generated from the acquisition continue to exceed
expectations. Net debt at September 30, 2007 is expected to be less than £210
million, reflecting the strong operating cash flows of the business.


The achievement of an adjusted profit before tax* of not less than £60 million
means that the target of £57 million under the Company's Capital Appreciation
Plan will be reached in 2007, a year earlier than expected.


The recent turmoil in the credit markets has had very little impact on the
group's trading in the fourth quarter, and current trading is in line with the
board's expectations.


The year end results will be announced on the morning of November 15, 2007,
followed by an analyst presentation and investor meetings.

 
* Adjusted profit before tax is profit before tax, acquired intangible
amortisation, share option expense, exceptional items, net movement in
acquisition option commitments and imputed interest on acquisition option
commitments.

END

NOTE TO EDITORS


Euromoney Institutional Investor PLC is listed on the London Stock Exchange and
a member of the FTSE-250 share index. It is a leading international business-to-
business media group focused primarily on the international finance, metals and
commodities sectors. It publishes more than 70 magazines, newsletters and
journals, including Euromoney, Institutional Investor, and Metal Bulletin. It
also runs an extensive portfolio of conferences, seminars and training courses
and is a leading provider of electronic information and data covering
international finance, metals and emerging markets. Its main offices are in
London, New York and Hong Kong and approximately half its revenues and profits
are managed from the United States.


For further information, please contact:

 
Euromoney Institutional Investor PLC                           

Padraic Fallon                        +44 20 7779 8556;        
Chairman                              pfallon@euromoneyplc.com 
                                                       
Richard Ensor                         +44 20 7779 8845;        
Managing Director                     rensor@euromoneyplc.com  
                                              
Colin Jones                           +44 20 7779 8845;        
Finance Director                      cjones@euromoneyplc.com  

                                               
Financial Dynamics                    +44 20 7269 7180;                          

Charles Palmer                        Charlie.Palmer@fd.com       
                                          
Or visit our website at www.euromoneyplc.com

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