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Disposal of Jobsite

22nd May 2014 07:00

DAILY MAIL & GENERAL TRUST PLC - Disposal of Jobsite

DAILY MAIL & GENERAL TRUST PLC - Disposal of Jobsite

PR Newswire

London, May 21

22 May 2014 Daily Mail and General Trust plc (`DMGT') Disposal of Jobsite dmg media has agreed the disposal of its job board business, Jobsite, toStepStone, an Axel Springer business. The parties will be seeking approval ofthe transaction by the Competition and Markets Authority prior to completionand it is expected to complete in the final quarter of calendar 2014. Kevin Beatty, CEO of dmg media, said: "Jobsite has grown successfully since dmgmedia acquired the business in 2004. Following the disposal of OilCareers,Broadbean and Jobrapido in March and April 2014, this transaction will completedmg media's disposal of Evenbase and exit from the digital recruitment market,enabling dmg media to increase its focus on the core Mail businesses." During the year to 30 September 2013 the total revenues from Evenbase were £78million and total operating profits were £11 million. Total proceeds from thedisposal of Evenbase, including OilCareers, Broadbean and Jobrapido, areexpected to be £150 million. Lepe Partners acted as advisors to dmg media during the disposal process. For further information For analyst and institutional enquiries:Stephen Daintith, Finance Director +44 20 3615 2902 Adam Webster, Head of Management Informationand Investor Relations +44 20 3615 2903 For media enquiries:Kim Fletcher / Charlie Potter, Brunswick Group +44 20 7404 5959 About DMGT DMGT is an international business built on entrepreneurship and innovation. Webring together leading companies and talented people to provide businesses andconsumers with high-quality analysis & insight, information, news andentertainment. Group revenues are split across our five operating businesses. The B2B businesses are: • Risk Management Solutions • dmg information • dmg events • Euromoney Institutional Investor The Consumer business, known as dmg media, comprises: • The Daily Mail and The Mail On Sunday • MailOnline • Metro • Wowcher • Zoopla Property Group* (Zoopla & Prime Location) DMGT's ambition is to provide the highest quality content and services, acrossthe most attractive growth markets in innovative, responsible and sustainableways, building on its track record of earnings and dividend growth. *c53% share Daily Mail and General Trust plcNorthcliffe House, 2 Derry Street,London, W8 5TT www.dmgt.com

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