15 September 2003

DIRECTOR'S SHAREHOLDING

United Business Media plc has today been notified of the following change in
director's interests in its shares.

On 12 September 2003 Charles Gregson, an executive director of the company,
exercised an option over 28,800 ordinary shares under the MAI 1991 Executive
Scheme at an exercise price of 363.2810 pence per share. 24,350 shares were
sold on the same day at a price of 431.1693 pence per share. Mr Gregson
retained the balance of 4,450 shares.

Following the aforementioned dealing, Charles Gregson holds a total of 359,716
ordinary shares, representing 0.10% of the issued equity.

Anne Siddell

Group Company Secretary



END