LONDON, October 17 /PRNewswire-FirstCall/ -- United Business Media plc
(the "Company") (LSE: UBM) announced today the results of its offer to
purchase for cash any and all of its USD 250,000,000 7.75% Notes due 1 July
2009 (ISIN: US911202AB50) (the "Notes"), of which USD 185,000,000 were
outstanding, as of 5 October 2005, the date on which the offer commenced.
    As of the expiration time, Friday 14 October at 5pm New York City Time,
the company had received, and accepted, valid tenders for USD 138,605,000
principal amount of the Notes. Following the completion of the tender offer,
and prior repurchases by the Company, USD 46,395,000 of the Notes remain
outstanding. The company funded the purchase of Notes in the offer, including
payment of all accrued and unpaid interest on the Notes, and all fees and
expenses in connection therewith, from available resources.
    JPMorgan Cazenove acted as sole Dealer Manager for this transaction:

    J.P.Morgan Securities Ltd.              J.P. Morgan Securities Inc.
    Liability Management Group - John       Liability Management Group -
    Cavanagh                                Alykhan Lalani
    Tel: +44-20-7742-7506                   Tel: +1-866-834-4666 ( US toll
                                            free) or +1-212-834-4802

    JPMorganChase acted as Tender Agent:

    JPMorgan Chase Bank, N.A.               JPMorgan Chase Bank, N.A.
    Edmond Leedham                          Lesley Daley
    Tel: +44-20-7777-9458/9467              Tel: +1-212-623-5175

    Offer Restrictions
    The Tender Offer did not constitute an offer to buy or the solicitation
of an offer to sell Notes, and offers to sell were not accepted from Holders
of the Notes, in any jurisdiction in which such offer or solicitation is
unlawful. In those jurisdictions where the securities or other laws required
the Tender Offer to be made by a licensed broker or dealer, the Tender Offer
shall be deemed to have been made on behalf of the Company by the Dealer
Manager or one or more registered brokers or dealers licensed under the laws
of such jurisdiction. Neither the delivery of the Offer to Purchase nor any
purchase of Notes shall, under any circumstances, create any implication that
there has been no change in the affairs of the Company since the date hereof,
or that the information herein is correct as of any time subsequent to the
date hereof.
    United Kingdom
    The Offer to Purchase was only for circulation to persons outside the
United Kingdom, persons within the United Kingdom falling within the
definition of Investment Professionals (as defined in Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or within Article 43 of the Order) or other persons to whom it may
lawfully be communicated in accordance with the Order.
    Italy
    The Tender Offer was not being made in the Republic of Italy. The Tender
Offer and the Offer to Purchase have not been submitted to the clearance
procedure of the Commissione Nazionale per le Societa e la Borsa (CONSOB)
pursuant to Italian laws and regulations. Accordingly, Holders of Notes are
hereby notified that, to the extent such Holders are Italian residents and/or
persons located in the Republic of Italy, the Tender Offer has not been
available to them and they have not been able to submit for tender of Notes
in the Tender Offer and, as such, any acceptance of the Tender Offer received
from such persons has been ineffective and void, and neither the Offer to
Purchase nor any other offering material relating to the Tender Offer, or the
Notes have been distributed or made available in the Republic of Italy.
    Belgium
    In Belgium, the Tender Offer was not, directly or indirectly, made to, or
for the account of, any person other than to professional or institutional
investors referred to in article 3, 2 of the Belgian royal decree of July 7,
1999 on the public character of financial operations (the "Public Decree"),
each acting on their own account. The Offer to Purchase has not been and will
not be submitted to nor approved by the Belgian Banking, Finance and
Insurance Commission (Commission Bancaire, Financiere et des
Assurances/Commissie voor het Bank, Financie en assurantiewezen) and
accordingly has not been used in connection with any offer in Belgium except
as may otherwise be permitted by law.
    France
    The Tender Offer was not made, directly or indirectly, by way of a public
offering in France (appel public a l'epargne) and only providers of
investment services relating to portfolio management for the account of third
parties (personnes fournissant le service d'investissement de gestion de
portefeuille pour compte de tiers) and/or qualified investors (investisseurs
qualifies), all as defined in Articles L.411-1, L.411-2 and D.411-1 of the
French Code monetaire et financier were eligible to accept the Tender Offer.
The Offer to Purchase has not been and will not be submitted to nor approved
by the Authorite des marches financiers.
    Background
    United Business Media plc (http://www.unitedbusinessmedia.com)
    United Business Media plc offers information services in news
distribution, publishing and events to customers around the globe. Its brands
include PR Newswire, the world's leading corporate news distribution service;
and CMP, the magazines, exhibitions and online group for professionals and
enthusiasts operating in a wide range of trading markets in the US, UK, Asia
and Europe including the high tech, healthcare, property, entertainment,
jewellery and fashion industries.
    Operating Companies:
    UBM's publishing and events 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, 20,000 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 distributed to tens of thousands of media points
in 135 countries and in more than 150 languages
    - Over 80,000 journalists registered on media-only Web site with 1million
releases viewed monthly
    - Over 460,000 journalists profiled in media targeting database
    - Over 10,000 print and more than 12,000 online sources, including
websites, blogs and databases monitored
    - Over 150 queries distributed to more than 12,000 public relations and
information officers from reporters researching stories
    - Leading broadcast public relations and multimedia company
    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.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, China Furniture Fair, 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

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