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Monday 10 April, 2000


Acquisition of Hardware & Stationery Exhibitions

10 April 2000

          Acquisition of Hardware and Stationery 
             Exhibitions in Istanbul,Turkey

ITE Group Plc, ('ITE'), the international exhibitions
specialist, is pleased to announce the further expansion of its
operations in Turkey through the acquisition of two exhibitions
in the themes of Hardware and Stationery.

On 7 April 2000, International Trade & Exhibitions (ITE)
Worldwide BV, a wholly owned subsidiary of ITE, entered into a
conditional agreement to acquire 100% of the share capital of
'E Uluslararsi Fuar Tanitim Hizmetleri Anonim Sirketi
('Uluslararsi'), from its shareholderowner, Ozhan Erem ('the
Acquisition').  The total consideration will be based on a
multiple of 6 times the pre-tax profits of the two shows with
an initial consideration based on a multiple of 6 times the pre-
tax profits for the 1999 shows. The initial consideration is
US$ 4.52 million of which US$1.60 million is payable by way of
shares in ITE Group Plc and US$ 2.92 million is payable in

In 1999 the turnover of the two shows was US$1.423 million and
between them they generated a net profit before tax of
US$753,000. The hardware show, which opened on 7 April 2000
utilised a net square meterage of 6,728 6,700 in 1999
and the Stationery show utilised a net square meterage of 6,418
6,400 Both shows are held in the exhibition centre at
CNR (owned by Ceyda Erem). The Hardware show is in its 7th
edition and the Stationery show is in its 6th edition. Both
shows are the premier events in their sections of their types
in Turkey.

Ozhan Erem, the vendor of Uluslararsi, is the husband of Ceyda
Erem, one of ITEs directors.  The acquisition is consequently
deemed to be a 'related party' transaction for the Group and,
pursuant to the Listing Rules, requires approval by the ITE
shareholders at an extraordinary general meeting  ('EGM').

Due to her relationship with the vendor, Ceyda Erem will
abstain from voting at the EGM.  Similarly, Steve Monnington,
Group Chief Executive of ITE, will also abstain from voting at
the EGM as he is a director of Mayfield Media Strategies
Limited ('Mayfield'), a company that has advised the vendor on
this transaction.  Steve Monnington became involved with
Mayfield prior to his appointment to the board of ITE.  Neither
Ceyda Erem nor Steve Monnington have taken part in the boards
deliberations in relation to the acquisition.

The Company expects to post a circular to shareholders in due
course.  This circular will explain the terms of the
acquisition and convene an EGM at which shareholders approval
will be sought.  Irrevocable undertakings to vote in favour of
the resolutions to be put to shareholders at the EGM have been
given to ITE in respect of 46.1% of the Companys entire issued
share capital, representing 51.0% of those shares that may be
voted at the EGM.

Lawrie Lewis, Chairman of ITE, said:
'We are delighted to have acquired these two shows which will
complement our the other exhibitions organised by our 50% owned
company Istanbul Trade Fairs ITF, which was acquired earlier
this year. This is our third acquisition of trade fairs in
Istanbul and strengthens our position as the leading exhibition
organiser in Turkey'.

Company summary:
ITE Group Plc is one of the leading international exhibition
and conference organisers in Russia, CIS, Central and Eastern
Europe and the Transcaucasus, organising over 325 international
trade events in 25 countries each year.

For further information, please contact:

ITE Group Plc
Lawrie Lewis        -    Chairman            020 7596 5000
Steve Monnington    -    Group Chief Executive
Odette Jonkers      -    PR Manager          020 7596 5253

Buchanan Communications
Richard Oldworth/Isabel Petre                020 7466 5000


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