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02 September

United Business Media disposal of £33m of assets

United Business Media ("UBM") today announced that it has completed the sale of its 20.0% shareholding in Satellite Information Services (Holdings) Ltd ("SIS") to the Catalyst Media Group plc ("Catalyst") for £23m in cash. This follows the approval of Catalysts's shareholders at their AGM and EGM on 30 August.

UBM also announces today the recent disposal of other non core assets including property in Windsor and New York for approximately £10m in cash. The disposal of these assets is not expected to generate any tax liability for UBM. The proceeds will be retained for reinvestment in UBM's businesses.

As with UBM's stakes in the Channel 5 Television Group (sale for £247.6m completed today) and in SDN (sale completed in April for £35m) these assets have been identified as non core.

For further information, please contact:

Michael Waring United Business Media 020 7921 5031
Colin Browne The Maitland Consultancy 020 7379 5151

Advisers

Allen & Overy provided legal advice on the sale of UBM's stake in SIS.

SIS (http://www.satelliteinfo.co.uk)

SIS's core business is the collation, management and distribution of business critical data

Broadcasting remains a key area of expertise for SIS. It is one of the most experienced television and production and outside broadcast companies in Europe, and the leading supplier of television programming and sports data to licensed betting offices. In 1987, SIS became the first broadcast in the world to create a dedicated specialist sports channel for the UK betting market. Now, betting markets around the globe receive a service from SIS that includes live worldwide sports coverage.

UNITED BUSINESS MEDIA

Background

United Business Media plc (http://www.unitedbusinessmedia.com)

UBM is a market leading global provider of specialist business information services to the technology, healthcare, media & entertainment, property and financial services industries. Geographically revenues are generated in Europe (39%), the US (51%) and in Asia (10%).

Operating Companies:

UBM's publishing division companies operate under the CMP name: CMP Media based in the US, CMP Asia based in Asia, CMPMedica in Healthcare markets in Europe and Asia and CMP Information based in the UK. UBM's news distribution business PR Newswire operates globally, from a US base.

Customers

UBM's market leading - typically ranked number one or two - products serve top blue chip clients in all their end markets including:- Microsoft, Hewlett Packard, IBM, Astra Zeneca, Forest Laboratories, Pfizer/Pharmacia, Merck & Co, GlaxoSmithKline, Novartis, Cisco, Toyo Shinaku, India Trade Promotions Organisation, China Chamber of Commerce, Sinopharm, Incase, Edelman Worldwide, Porter Novelli, Fleishman Hillard, NASA.

Product Categories

Publications
- Over 160 magazines, 110 countries, 4m readers, 4,500 advertisers
Events
- Over 300 events, 1.3m visitors, 2,500 exhibitors, from 120 countries
Directories
- Over 50 directories, over 750 thousand recipients, in over 40 countries
Online
- Over 200 websites, 22 million page impressions
News Distribution
- Over 180,000 messages, in 135 countries, in more than 150 languages
- Over 460,000 journalists, monitoring message boards with over 25m users

Product Brands

CMP Media
www.cmpmedia.com
Information Week, CRN, EE Times, Network Computing, VARBusiness, TechWeb, Consultant Magazine, Game Developer Conference, Embedded Systems Conference, Xchange Conferences, Guitar Player, Health & Beauty America, Seatrade Cruise Shipping Convention.

CMP Information
www.cmpinformation.com
CPHI, Building, Furniture Show, Property Week, Farmer's Guardian, FIE, Ifsec, Health & Safety, Pulse, Daltons Weekly, Trade It, Trader, Opportunities, Private Villas, This Caring Business, ECM

CMPMedica
www.asia.cmpmedica.com
Vidal, Journal du Medicin, Gelbeliste, Vademecum, Medical Observer, Carnets de Sante, MIMS, Kassenarzt, Medex, MedServe /

CMP Asia
www.cmpasia.com
Asia Pacific Leather Fair, Cosmoprof Asia, Hong Kong Jewellery and Watch Fair, Health Industry News, Jewellery News Asia, Tokyo Intnl Health Industry Show.

PR Newswire
www.prnnewswire.com
MultiVu, MediaAtlas, eWatch, Profnet, US1

This press release includes statements which are not historical facts and are considered "forward-looking" within the meaning of Section 27 of the Securities Act of 1933, as amended. These forward-looking statements reflect UBM's current views about future events, business and growth strategy and financial performance. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate," "on target" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from UBM's expectations. UBM expressly does not undertake any duty to update forward-looking statements. Management does not attempt to update forecasts unless conditions materially change.

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