Partial disposal of Wowcher

DAILY MAIL & GENERAL TRUST PLC - Partial disposal of Wowcher

PR Newswire

London, November 26

26 November 2015

Daily Mail and General Trust plc (‘DMGT’)

Partial disposal of Wowcher

DMGT announces the disposal of Wowcher, dmg media's online discount business, to a newly formed company, in which DMGT holds a c.30% stake.

The company is also acquiring the UK and Ireland operations of LivingSocial, a complementary business that is approximately half the size of Wowcher, and expects to realise synergies from the combined operations and databases. Exponent Private Equity is the controlling shareholder of the new company.

In the year to 30 September 2015, Wowcher generated £30 million of revenues and achieved its first full year of operating profits.

DMGT’s net proceeds from the disposal of Wowcher and the investment in the new company are £29 million.

For further information

For analyst and institutional enquiries:

Stephen Daintith, Finance Director, DMGT +44 20 3615 2902

Adam Webster, Head of Management Information and Investor Relations, DMGT +44 20 3615 2903

For media enquiries:

Kim Fletcher / Charlie Potter, Brunswick Group LLP +44 20 7404 5959

About DMGT

DMGT manages a balanced multinational portfolio of entrepreneurial companies, with total revenues of almost £2bn, that provide a diverse range of businesses and consumers with compelling information, analysis, insight, news and entertainment.