LONDON, February 7 /PRNewswire-FirstCall/ -- United Business Media today
announced it has acquired the licensed trade sector publishing and events
assets of Quantum Business Media, including the leading title in the licensed
trade - 'The Publican'.
    These market leading assets will become part of United Advertising
Publications ("UAP") and will complement Daltons Weekly and strengthen
further UAP's services to the business sector. Integration into UAP's
operational infrastructure will reduce overheads and generate cross-selling
opportunities.
    The purchase price is GBP21m million in cash. In 2004 the business
generated GBP6.8m of turnover and (based on an assumed overhead for the stand
alone business) GBP2.2m of profit before tax. The proposed acquisition should
be earnings enhancing in its first twelve months and is expected to exceed
UBM's hurdle rate of return in its first year.
    UAP Chairman, Charles Gregson, said
    "These leading licensed trade publishing assets will give further breadth
and depth to the range of specialist products available to UAP's business
clients. The financial case is attractive and we have identified operating
efficiencies and the opportunity to develop new and existing revenues
streams."
    Notes to Editors:
    Related Websites
    http://www.quantumbusinessmedia.com
    http://www.unitedadvertising.co.uk
    http://www.unitedbusinessmedia.com
    The Publican
    The Publican Newspaper is the leading title in the licensed trade and
hugely respected among trade organisations, pub companies, brewers and
suppliers to the trade.
    The Publican is seen as the voice of the industry and is totally
committed to helping the industry to operate more profitably. Perceived as
the best weekly source of industry news, features and research, it is a must
read for anyone working in the licensed trade.
    Related events/products include
    http://www.thepublican.com
    The Publican Awards
    The Publican Conference
    Pub Industry Handbook
    Flavour
    Pub & Bar
    United Advertising Publications (UAP)
    From 22 locations around the UK UAP produces magazines and websites
serving a diverse range of trading markets. UAP prints almost 1,000,000
magazines a week - all designed to help businesses and individuals to buy and
sell products and services. UAP's magazines are distributed through
newsagents, by post and through free pick up in supermarkets and petrol
stations - a distribution process pioneered by Auto Exchange magazine.
    UAP's magazines and websites are dedicated primarily to publishing
advertisements but also have editorial. Almost every commercial aspect of
business and private life is covered; from Trade-It's local readers in
Bristol selling anything domestic (including the kitchen sink!) to
international transactions such as selling a complete business via the
internet from Daltonsbusiness.com. And, there are the thousands of cars
advertised for sale each week in Exchange & Mart. United Business Media plc
(http://www.unitedbusinessmedia.com) is a leading provider of business
information services to the technology, healthcare, media, automotive,
financial services and property industries. UBM offers services in news
distribution, market research, publishing and events to customers across the
globe. Its brands include PR Newswire, the world's leading corporate news
distribution service; NOP World, one of the largest market research groups
globally; and CMP, the B2B media and exhibition group operating in high tech,
healthcare, property, entertainment, jewellery & fashion in the US, UK, Asia
and Europe.
    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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