LONDON, September 2 /PRNewswire-FirstCall/ -- 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 GBP23m 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 GBP10m 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
GBP247.6m completed today) and in SDN (sale completed in April for GBP35m)
these assets have been identified as non core.
    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
    http://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
    http://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
    http://www.asia.cmpmedica.com
    Vidal, Journal du Medicin, Gelbeliste, Vademecum, Medical Observer,
Carnets de Sante, MIMS, Kassenarzt, Medex, MedServe /
    CMP Asia
    http://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
    http://www.prnewswire.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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