LONDON, November 21 /PRNewswire-FirstCall/ -- United Business Media
(UBM), today announces that it has repurchased an aggregate principal amount
of US$12.5m of the $400m 2.375% Guaranteed Convertible Bonds due 2006, issued
by its subsidiary, United Business Media (Jersey) Limited, for an aggregate
price of approximately US$15.5m excluding accrued interest. The bonds
purchased, representing approximately 3.9% of the initial amount will be
cancelled. Following this, and prior repurchases of US$189.95m, the
outstanding amount of the bonds will be US$197.55m.
    Notes to Editors:
    Following this announcement UBM has repurchased over 50% of the $400m
2.375% Convertible Bonds due 2006.
    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.
    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/
    PR Newswire's leading services include ProfNet ExpertsSM, eWatch(TM),
MEDIAtlas(TM), NewsPrompt(TM), Search Engine Visibility (SEV), MediaRoom(TM),
MediaSense(TM) and MultiVu(TM).

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