Trading Update

DAILY MAIL & GENERAL TRUST PLC - Trading Update

PR Newswire

London, March 22

25th March, 2013

Ahead of DMGT's Investor Briefing tomorrow afternoon, this statement providesan update on the Group's progress in the current year. It covers the fivemonth period to the end of February, 2013 as well as the Group's financialposition and performance during the period, updated to the latest practicabledate.

Trading in line with our expectations; outlook for the year unchanged:

- Risk Management Solutions (RMS) delivered continued growth,despite the focus this year on the development of the new software platform,RMS(one), to be launched in 2014.

- Strong growth from dmg information with double digit growth ratesfrom the Education (Hobsons), Property (Landmark and EDR) and Energy(Genscape) businesses.

- dmg events performing as expected with good underlying# growth of13% driven by the biennial ADIPEC and Gastech events. The exceptionally stronggrowth in reported revenues reflects the benefit of the timing of biennialevents.

- For the first half of the year, Euromoney Institutional Investorexperienced challenging market conditions and is expected to show a revenuedecline of approximately 1%, but adjusted profit before interest and taxbroadly in line with last year. Euromoney released its trading update on 22ndMarch, 2013.

dmg media

Due to tomorrow's Investor Briefing event, which is focused on dmgmedia, an extended commentary on that business's performance is provided inthis Trading Update.

- dmg media: underlying# revenues down 2% in the period, withunderlying# circulation revenues down 6% in a weak market. Our titlesdelivered continued market share improvement with Daily Mail's market shareincreasing to 22.2% and The Mail on Sunday's market share increasing to21.0%*. Total underlying# advertising revenues were up 1%, with strong digitalgrowth more than offsetting the decline in print advertising.

Underlying# newspaper advertising was down 8% in the period whilstdigital advertising experienced strong growth, in particular MailOnline whichwas up 59%. For the three weeks since 24th February, 2013, total underlying#advertising revenues were in line with last year.

Print advertising revenues from the current portfolio were down£11 million on the same period last year whilst digital advertising revenues from thecurrent portfolio were up £13 million^. This excludes the growth from ZooplaProperty Group.

MailOnline's February 2013 performance included:

- 111 million unique browsers+, 22% ahead of February 2012- Traffic to iPhone and android apps both being at record levels- Mobile access accounting for a record 43% of total visits

MailOnline's revenues for the month of March are expected to beapproximately £3.4 million and full year revenues are expected to be around£45 million.

Some other notable monthly performances from dmg media's digitalbusinesses in the first couple of months of 2013 are:

- Wowcher's monthly revenues exceeding £1 million for the first time, with adatabase of 2.2 million customers.

- Zoopla Property Group's continued strong growth. In January, arecord number of house movers used its sites, resulting in 2.5 millionenquiries to its agent and developer members, and revenues per member were atrecord levels. Zoopla Property Group's revenues for the full year are expectedto be in excess of £60 million.

- Evenbase had 40 million unique visitors, with over 30% ofJobsite's traffic being mobile. Jobrapido achieved 294 million page views andits database now includes a record 7.1 million active jobseekers. Evenbase'sfull year revenues are expected to be in excess of £80 million.

Despite increased investment in digital products, dmg media'sprofit margin for the period increased year on year, due in part to therationalisation of printing facilities that took place during 2012. Headcounthas reduced by 605 (16%) to 3,237 since 30th September, 2012, due todisposals. Excluding disposals, headcount is in line with the end of September2012 with increased staff levels in the digital businesses being offset byreductions in print and other operational areas.

Net debt / financing

Net debt increased during the period, as expected, due to the usualseasonal cash outflows, including dividend payment. We expect our year end netdebt to EBITDA ratio to be about 2.0. On 22nd November, 2012, we announced ashare buy back programme of up to £100 million over the following twelvemonths and as at 22nd March, 2013, DMGT had acquired 5.4 million shares at acost of £32 million.

Investor Briefing

DMGT is holding an Investor Briefing for City analysts and investmentinstitutions on 26th March, 2013, to give them an opportunity to learn moreabout dmg media. The event will be webcast live and it is possible to registerfor the webcast at `http://dmgt.com/webcast'. There will be no additionalupdate on current trading at the Investor Briefing.

Appointment of joint broker

Numis Securities Ltd has been appointed as DMGT's joint broker, with immediateeffect, alongside existing broker, Credit Suisse.

For further information

Conference call

A conference call will be held with City analysts at 8.00 a.m. on25th March, 2013. The dial-in number is 0800 694 0257 or +44 (0) 1452 555 566;conference code: 24518078. A replay of the call will be available on DMGT'swebsite at www.dmgt.com.

Next trading update

The Group's next scheduled announcement of financial informationwill be its results for the half year ended 31st March, 2013, which will bereleased on the morning of 23rd May, 2013.

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.

The Consumer business, known as dmg media, comprises:

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.

Notes

~ DMGT Group revenue growth rates exclude Northcliffe Media, whichwas disposed of effective 30th December, 2012. DMGT Group and B2B growth ratesinclude Euromoney Institutional Investor.

# Underlying revenue is revenue on a like for like basis, adjustedfor constant exchange rates, disposals, closures, non-annual events made inthe current and prior year and, with the exception of Euromoney, acquisitions.For dmg information, movements exclude the effects of acquisitions made lastyear and this year. For dmg events, the comparisons are between events held inthe year and the same events held the previous time. The cumulativecomparisons exclude Evanta. For dmg media, underlying advertising excludes theeffects of the sale of Teletext Holidays and motors.co.uk last year, thedisposal of central and eastern European businesses this year, and the mergerof the Digital Property Group and Zoopla in May 2012 and total underlyingrevenue also excludes low margin contract printing revenue. The year on yeargrowth of Jobrapido, which was acquired in April 2012, is included inunderlying revenues, having been excluded from previous statements.

^ The underlying growth in digital advertising revenue exceedingthe underlying reduction in print advertising revenue refers specifically todmg media. Print advertising includes revenue from the Daily Mail, The Mail onSunday and Metro, whilst digital advertising includes revenue from MailOnline,Evenbase (excluding Broadbean and including the year on year growth fromJobrapido), Wowcher, Metro's digital assets, Villarenters and other smallerrevenue streams. Zoopla Property Group is a joint venture and consequently itsrevenues are excluded from dmg media's revenues.

† Q1 figures have been restated to include the year on year growthof Jobrapido, which was acquired by dmg media's Evenbase business in April2012.

* Daily Mail 22.2% in February 2013, a record level, compared to21.4% in February last year and The Mail on Sunday's 21.0% share was thehighest since the launch of the Sunday Sun. Circulation market share figuresare calculated using ABC's February 2012 and February 2013 National NewspapersReports. The News of the World closed in July 2011 and the Sunday edition ofThe Sun was launched on 26th February, 2012, so The Mail on Sunday's marketshare in February 2012 is not considered a relevant comparison.

+ The number of unique browsers is tracked by MailOnline andaudited by ABC.

The average £:US$ exchange rate for the first five months was £1:$1.59 (against £1:$1.58 last year).

This Trading Update is prepared for and addressed only to theGroup's shareholders as a whole and to no other person. The Group, itsdirectors, employees, agents or advisers do not accept or assumeresponsibility to any other person to whom the Trading Update is shown or intowhose hands it may come and any such responsibility or liability is expresslydisclaimed. Statements contained in this Trading Update are based on theknowledge and information available to the Group's Directors at the date itwas prepared and therefore the facts stated and views expressed may changeafter that date. By their nature, the statements concerning the risks anduncertainties facing the Group in this Trading Update involve uncertaintysince future events and circumstances can cause results and developments todiffer materially from those anticipated. To the extent that this TradingUpdate contains any statement dealing with any time after the date of itspreparation such statement is merely predictive and speculative as it relatesto events and circumstances which are yet to occur. The Group undertakes noobligation to update these forward-looking statements.