Acquisition of Media on the Move

8 July 2011

PRESS RELEASE: MENZIES(JOHN) PLC - Acquisition of Media on the Move

John Menzies plc today announces that its newspaper and magazine wholesaling subsidiary Menzies Distribution Ltd ("Menzies") has acquired Media on the Move Limited ("MOTM").

MOTM is a media management company specialising in marketing and distribution services to airports, airlines and the wider travel industry. Menzies will pay a maximum provisional consideration of £1,175,000 payable in cash and is subject to adjustment in respect of normal working capital and net cash or debt based on completion accounts. The acquisition will be earnings enhancing.

The acquisition accelerates Menzies expansion in the delivery of print media and related services to the travelling consumer. MOTM will be integrated with Menzies existing Reed Aviation and Menzies Travel Media businesses to create one entity that will deliver significant service and synergy benefits.

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