Chairman's AGM Statement

ITE Group PLC 16 February 2000 ITE GROUP PLC Annual General Meeting ITE Group Plc, the international exhibition specialist, held its Annual General Meeting at 12 noon today. At the meeting Lawrie Lewis, Chairman, updated shareholders on current trading and prospects: 'We have made an excellent start to the current year both in strategic and financial terms. Trading remains well up to the market's best expectations and we are confident of another strong result for the full year. Strategically, we have made significant progress in extending our geographical coverage with acquisitions since the year end in Poland, Egypt, Turkey and the Czech Republic as well as buying out our sales agency agreement in Moscow. The commercial and financial integration of all of the acquisitions is well underway. These acquisitions in Eastern Central Europe and the Middle East continue the Group's strategy of balancing its portfolio outside Russia and the CIS, although recent events in Russia including the planned elections in March have been viewed positively by both our existing clients and potential new-to-market companies. The joint venture agreement with Dalian Xinghai Convention & Exhibition Centre will be signed in the coming weeks and, from January 2001, will put us in direct control of 22 exhibitions representing over 100,000sq.m of exhibiting space. This is North East China s state of the art exhibition and conference centre which services an immediate population of 250 million people. We are also pleased to have announced this morning our expansion into the UK exhibition market and the fast growing e-commerce sector, through the conditional agreement to acquire e-business, the UK's premier e-commerce exhibition. In the first stage our development strategy will concentrate on replicating the success of this event across Europe and into our own established geographical markets with a more global expansion planned for the medium term. As announced earlier this week we are undertaking a fundamental review of ExpoWeb.net, our business to business internet venture which has been built on the back of our exhibition business. ExpoWeb is ideally placed to develop into a premier global information source with a myriad of company, product and marketing information for each of the industries in which we operate. The absence of industry portals addressing emerging markets creates a significant opportunity for ExpoWeb and its clients to address these areas through internet technology. We are currently working with the Company's advisers, Investec Henderson Crosthwaite, in reviewing a number of alternative strategies for maximising the value of ExpoWeb. One of the alternatives being reviewed is the possible demerger of ExpoWeb as a separately listed company. In order to take maximum advantage of all of these developments we have reorganised our senior management team. The appointments of Steve Monnington, Greg Ward, Alex Bernstein and most recently Ceyda Erem, to our Board means that we have assembled an outstanding, talented and experienced management team with the range of skills necessary to deliver results in a dynamic environment. Contact: ITE Group Plc Lawrie Lewis/Steve Monnington on 0171 596 5000 Buchanan Communications Richard Oldworth/Isabel Petre on 0171 466 5000

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