AGM Statement

Thomson Intermedia PLC 09 June 2004 THOMSON INTERMEDIA PLC ('Thomson Intermedia' or 'the Company') AGM STATEMENT John Napier, Non-executive Chairman of Thomson Intermedia, will make the following comments at the Company's Annual General Meeting to be held at 11.00a.m. today: 'The value of new sales contracts signed in the first quarter of this year shows an increase of 39% compared to the previous year, slightly ahead of the Board's expectations. 'The current order book highlights a strong pipeline of quality prospects for our three core offerings of competitive monitoring, news evaluation and press vouching. Total contracts and project business secured in the first quarter, amounted to £1.6m. This was through a combination of a continued strong customer retention rate and some substantial new business wins. As expected, with our high operational gearing, this revenue growth has resulted in a strong increase in gross margin to 66% in the first quarter of 2004 (unaudited), up from an audited 56% for the whole of the last financial year. Nevertheless, management continues to focus on further improvements in operational efficiency and cash balances remain healthy. 'Development of vouching for other media and automatic sentiment evaluation for the Newsmetrics division continues, with strong progress being made. Both these products display exciting commercial potential with testing and market phases expected in the second half of the current financial year. 'Negotiations have advanced with a number of third parties to enhance the existing product portfolio and to create new revenue streams. In an important year of commercial development for the Company, the Board is extremely pleased with progress to date and remains confident about the outcome for the year as a whole.' 9 June 2003 Enquiries: Thomson Intermedia Sarah Jane Thomson, Joint CEO Tel: 020 8466 2906 sjthomson@thomson-intermedia.com David Trendle, Finance Director Tel: 020 8466 2906 dtrendle@thomson-intermedia.com College Hill Kate Pope Tel: 020 7457 2020 kate.pope@collegehill.com Adrian Duffield Tel: 020 7457 2020 adrian.duffield@collegehill.com This information is provided by RNS The company news service from the London Stock Exchange

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