UBM plc sells Property Week and UBM Channel

27 September 2013 UBM plc sells Property Week and UBM Channel UBM plc today announces that, subject to contract, it has agreed to sell itsProperty Week print magazine and related products to Metropolis International.Subject to satisfaction of TUPE conditions, Property Week's 35 staff willtransfer to Metropolis International following completion. UBM also announces the sale of its North American IT channel business to amanagement-led investment group. The new company, called The Channel Company,will own and operate all of the businesses and products formerly owned by UBMTech (Channel) in North America. The Comdex brand and UBM India's CRN businessare excluded from this transaction. UBM has retained a 30% minority equityinterest in the business. These disposals constitute the bulk of the operations treated as discontinuedin UBM's H1 2013 results and classified as held for sale at 30 June 2013. Thecombined cash proceeds from these disposals are approximately £8.5m, subject tocustomary working capital adjustments on completion. - Ends - Contacts Media Peter Bancroft Director of CommunicationsE-mail [email protected] telephone +44 20 7921 5961 Chris Barrie Citigate Dewe RogersonE-mail [email protected] telephone +44 20 7282 2943Mobile +44 796 872 72 89 Analysts/Investors Kate Postans Head of Investor RelationsEmail [email protected] telephone +44 20 7921 5023 Notes to Editors 1. About UBM plc UBM plc is a leading global events-led marketing services and communicationscompany. We help businesses do business, bringing the world's buyers andsellers together at events, online and in print. Our 5,500 staff in more than30 countries are organised into specialist teams which serve commercial andprofessional communities, helping them to do business and their markets to workeffectively and efficiently. For more information, go to www.ubm.com; follow us on Twitter at @UBM_plc toget the latest UBM corporate news; follow @UBMNews for news from all UBM'sbusinesses; follow @UBM for a flavour of UBM from selected members of UBM'sTwitterati. 2. About Metropolis International Metropolis International is a fast-growing group, established in 1994, thatspecialises in business & consumer media, discount & loyalty programmes andbusiness software. It employs 240 people and has offices in West London,Croydon, Bolton, Frome, Plymouth, Dublin and New York. It remains interested infurther opportunities to acquire respected media, software and other businessesthat meet its criteria of good management, strong market position, andsustainable revenues.