EXP Expomedia Grp

RNS Number:3819Z
Expomedia Group PLC
02 July 2007

                                                                     
                                                                      2 July 2007

                              EXPOMEDIA GROUP PLC
                          ("Expomedia" or "the Group")

                        UPDATE ON CORPORATE REALIGNMENT

The Boards of both Expomedia and Telegraaf Media Groep ("TMG") jointly announce
today the termination of Telegraaf Expomedia Events ("TE2"), a Joint Venture
("JV") established by both companies in 2004.

The termination is due to the fact that the combination of activities of the
Joint Venture turned out to be financially non-viable. Also this decision
follows Expomedia's previously announced policy of focusing on its core markets
of Russia, India, Poland, UK and Germany.

KEY POINTS

   * TMG remains a committed 20% shareholder in Expomedia
   * Fred Arp remains on the Board of Expomedia
   * News follows Expomedia's announced 2006 realignment strategy
   * TMG will now take full ownership of the remaining assets of TE2
   * TE2 originally established to focus on exhibitions in Holland

Today's decision to terminate the JV follows the Board's decision of last year
to concentrate its forward activities on its aforementioned key markets.
Shareholders should note that TMG remains a committed and supportive 20%
shareholder in Expomedia and, Fred Arp, CFO of TMG, will remain as a Director of
Expomedia.

TMG will now take full ownership of the remaining assets of TE2, originally
established to focus on the organisation of exhibitions in Holland, and as part
of the deal, loans taken by TE2 to fund the acquisition of assets, will be taken
over in full by TMG.

Due to the sensitive nature of the JV, financial details have not been
disclosed.

Commenting on today's news, TMG's spokesperson, Fred Arp, stated: "Our
relationship with Expomedia has been invaluable in establishing a base in, and
an understanding of, the exhibition market. We fully support the change in
strategy by Expomedia, as they are clearly focusing on the markets where they
can make the best return.

"We remain a committed shareholder of Expomedia for the foreseeable future and
look forward to further strengthening our relationship moving forward."

Mark Shashoua, Chief Executive of Expomedia, added: 'I would like to thank TMG 
for contributing to the success of the ventures established. At the time of the 
Group's March results, I stated that the foundations for future growth of 
Expomedia's core operations lay in its key markets of the Russia, India, Poland,
UK and Germany Today's news is an important step in continuing realignment of 
the business.

"The Board very much looks forward to building on the solid relationship
established to date between the two companies."

                                    
                                    --ENDS--

Enquiries:

Expomedia Group Plc                                           Tel: 020 8386 0070
Mark Shashoua

Bishopsgate Communications Ltd.                               Tel: 020 7562 3350
Dominic Barretto
Sophie Davis

Charles Stanley Securities                                    Tel: 020 7149 6000
Mark Taylor
Freddy Crossley



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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