Euromoney - Acquisition

EUROMONEY INSTITUTIONAL INVESTOR PLC

RNS Announcement

April 4, 2013

Euromoney Institutional Investor PLC to acquire HSBC's Quantitative Techniques operation

Euromoney Institutional Investor PLC ("Euromoney"), the international online information and events group, has signed a binding agreement with HSBC to acquire its Quantitative Techniques ("QT") operation. QT is the benchmark and calculation agent business of HSBC Bank plc and creates and maintains more than 100 equity and bond indices for HSBC's Global Markets division as well as over 60 external clients.

Completion of the sale will take place after a transition phase, which is expected to take six months. Once the transaction has completed, HSBC has agreed to purchase index calculation services from QT for a minimum period of three years.

Euromoney believes the acquisition creates an opportunity to build a new business providing independent index compilation services. Over more than 40 years Euromoney has built strong relationships with financial institutions which should help expand QT's customer base and encourage other institutions to engage QT to calculate the indices for their own investable index products. Euromoney also plans to use QT's index calculation expertise to develop new index families across other parts of its business.

"We are delighted to acquire the Quantitative Techniques operation from HSBC," said Richard Ensor, chairman of Euromoney. "HSBC is a trusted and important partner as well as a key client. Euromoney looks forward to working with HSBC over the next three years and, it hopes, for many years afterwards to develop the QT business. This acquisition gives Euromoney the opportunity to establish a significant footprint in the attractive index compilation market."

Ends

For further information, please contact:

Euromoney Institutional Investor PLC

Richard Ensor, Chairman: +44 20 7779 8845; [email protected] 

Christopher Fordham, Managing Director: +44 20 7779 8057; [email protected] 

Colin Jones, Finance Director: +44 20 7779 8666; [email protected]

FTI Consulting

Charles Palmer: +44 20 7269 7180; [email protected]

NOTE TO EDITORS

Euromoney Institutional Investor PLC (www.euromoneyplc.com) is listed on the London Stock Exchange and is a member of the FTSE-250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 titles in both print and on-line format including Euromoney, Institutional Investor and Metal Bulletin, and is a leading provider of electronic research and data under the BCA Research, Ned Davis Research and ISI Emerging Markets brands. It also runs an extensive portfolio of conferences, seminars and training courses for financial markets. The group's main offices are in London, New York, Montreal and Hong Kong and more than a third of its revenues are derived from emerging markets.