Final Results

Informa PLC
27 February 2008





27 February 2008


         Informa plc Preliminary Results for Year End 31 December 2007
                     Strong Growth and Quality of Earnings


Financial Highlights

•  Revenue £1.13 billion - 9% pro forma growth
•  Adjusted operating profit £261.0m - 19% pro forma growth
•  Adjusted operating margin rises above 23%
•  Strong trading across all three divisions (Academic & Scientific,
   Professional and Commercial) and all three business streams (Publishing,
   Performance Improvement and Events)
•  Datamonitor delivers 22% pro forma revenue growth for the full year
•  Adjusted cash conversion 110% of adjusted operating profit
•  Total dividend increases 39%
•  Confident of 2008 outlook


                                      2007      2006   Increase   Pro forma(1)
                                        £m        £m          %              %

Revenue                            1,129.1   1,039.1          9%             9%
Operating profit                     154.0     128.3         20%
Adjusted(2) operating profit         261.0     219.1         19%            19%
Profit before tax                    124.4      86.5
Adjusted(3) profit before tax        202.6     178.1
Profit for period                    100.1      67.8
Adjusted(4) profit for period        151.9     132.2
Basic earnings per share (p)          23.4      16.0
Diluted earnings per share (p)        23.3      15.9
Adjusted(4) diluted earnings per 
share (p)                             35.5      31.1
Dividend per share (p)                16.9      12.2
Adjusted cash conversion(5)            110%      103%


(1) Adjusted for material acquisitions and effects of changes in foreign
currency exchange rates. This also adjusts for the reduction in revenue of £18m
in 2007 from the new 3GSM contract and the impact of the quadrennial IPEX
exhibition which contributed £21m to 2006 revenues. The related adjusted
operating profit impact for 3GSM was £nil and for IPEX was £7.7m.

(2) Excludes restructuring and reorganisation costs of £7.7m (2006:£7.2m), and
intangible asset amortisation of £99.3m (2006: £83.1m).

(3) Excludes restructuring and reorganisation costs of £7.7m (2006:£7.2m), non
recurring finance costs of £4.6m (2006:£nil), intangible asset amortisation of
£99.3m (2006: £83.1m) and profit on disposal of available for sale investments
of £33.4m (2006: loss £0.8m).

(4) Excludes restructuring and reorganisation costs of £7.7m (2006:£7.2m), non
recurring finance costs of £4.6m (2006:£nil), intangible asset amortisation of
£99.3m (2006: £83.1m), profit on disposal of available for sale investments of
£33.4m (2006: loss £0.8m) and related tax of £26.4m (2006:£27.3m).

(5) Adjusted cash generated by operations (note 10) divided by adjusted 
operating profit.


Business Highlights

•  Academic and Scientific division grows adjusted operating profit by 25% to
   achieve a 29% margin
   -  Strong yield increases and drop through from electronic delivery
•  Professional division benefits from Performance Improvement extending
   global reach
   -  Non-US revenues increase by 29%
•  Commercial division growth fuelled by extension of Large Scale Events
   portfolio and 38% increase in Dubai revenues


Chairman's and Chief Executive's Statement

Informa had another year of significant achievement in 2007.

We achieved 9% pro forma revenue growth, 19% pro forma adjusted operating profit
growth and a 23% adjusted operating profit margin.

All three of our business streams, publishing, events and performance
improvement, traded strongly. All geographies and market sectors performed well.
As we connect more of our brands, to more of our media formats to more of our
geographies, we are growing a dynamic network of business units that enables us
to benefit from our size, while keeping the passion and speed of our
entrepreneurial roots.

We have transformed Informa in recent years. We have built a business based on
recurring revenue streams which provides strong defensive qualities, but not at
the expense of continuing good growth.

We are of course aware of the current uncertainty in the financial markets, but
at this point the board sees no signs in our trading to alter its expectations
that Informa will deliver another strong performance in 2008. Our confidence in
the future of the business is reflected by a 39% increase in the dividend over
2006.


Peter Rigby and David Gilbertson

Chairman and Chief Executive's Report


Our 2007 performance successfully builds upon the excellent results achieved in
2006.

We have built a pool of information assets in Informa which cover many different
vertical markets as well as geographic territories, and which deliver content in
a broad range of media formats. This is designed to enable us to capture the
different requirements of individual users within industries and meet global and
local needs with equal proficiency. We believe that our business now has the
characteristics not only to demonstrate superior growth in expanding economies
but also to protect profitability.

Our major acquisition of 2007 contributes significantly to both these
capabilities. Datamonitor, for which we paid £510m in July, is an electronic
information business serving six global sectors predominantly through
subscription. Its subscriptions renew annually at 90%, constituting a powerful
recurring revenue stream. But Datamonitor has high growth too. It achieved a 22%
pro forma revenue increase and a pro forma adjusted operating profit rise of 59%
for the full year on the same period a year earlier. Datamonitor's
internet-delivered knowledge centres of international data in the healthcare,
telecoms, finance, automotive, energy and retail sectors are all now fully XML
coded, enabling users to interrogate its information intuitively to obtain their
own uniquely customised solutions.

As we enter 2008 Datamonitor's products will be increasingly co-marketed to our
conference, publishing and performance improvement customers and audiences. The
inter-relationship between the different parts of Informa is one of the key
contributors to the superior growth we have seen over the last few years. Many
large media businesses structure themselves in silos and find it difficult to
sell different product types to the same customer bases. At Informa we work hard
at making sure we offer as much relevant content as we can, whatever the mode of
delivery, to customers likely to find value in it. In so doing we grow and
develop brands which our customers trust and return to.

The marketing requirements of our conference business, with more than 12,500
events produced in 2007, are such that we have many opportunities to put
relevant related products in front of potential customers. Informa benefits here
from a unique advantage: our database of 20m names of individual customers,
clients and prospects in more than 150 countries across the world.

It enables us to market our products quickly and cost effectively. It means we
can cross market and cross sell seamlessly. And it ensures that we can respond
appropriately to the dynamics of individual markets: some may be experiencing
strong growth with fast rising information demand; others may be seeing a
slowdown in the pace of development. The strength of the Informa database allows
us to direct our output appropriately to changing levels of customer need.

Our international conference business grew pro forma adjusted operating profit
by 27% in 2007 with our burgeoning Dubai business again leading the way with 38%
year on year revenue growth. As Middle East event market leaders we produced 20
leading exhibitions including the developing world's largest property investment
show, Cityscape, which attracted more than 50,000 visitors to the Dubai show.
Similar numbers attended Arab Health, the region's premier healthcare event
whose 2,000 stands attracted visitors from over 65 countries. Our Dubai
operation also produced over 500 conferences and training courses reflecting the
fast expanding diversity of the local economy.

The Dubai business also rolled out several of its winning events within the
Middle East region and beyond. Cityscape ran satellite shows in Abu Dhabi,
Brazil, Singapore, Shanghai and Mumbai in 2007 and further international
roll-outs are planned. This geo-cloning of successful event formulas also saw us
extending our major European based finance events under the market-leading ICBI
brand into Asia and the Americas. The world's largest private equity event Super
Return was staged in Asia and our leading hedge fund event GAIM ran in the
Cayman Islands and Dubai as well as in Europe. Extending leading brands across
geographies is providing a further strong engine for growth.

Informa's top 200 event brands contributed some 40% of event revenue and
approximately 70% of adjusted operating profit but the smaller events too play
their important part. While less spectacular in size, the workshop or seminar or
small conference makes a financial contribution and also keeps us at the
forefront of new developments. A new early stage piece of scientific or
technological research, a legislative change or a commercial development may be
of relatively narrow interest today but could become tomorrow's blockbuster. In
2007 we ran the 10th World Ethanol Forum in Amsterdam with more than 700
attendees. The first event in 1997 attracted just 40. Researching topics before
they become headline news, as biofuels has now become, enables Informa to build
future growth as well as deliver current contribution. In biofuels, as in other
fields, we surround leading branded events with news, information products and
databases.

Informa's publishing businesses continued to benefit from the shift to
electronic distribution in the year. Most of our customers whether academic,
professional or commercial, now want to receive their information from us in
electronic forms. This has enabled us increasingly to sell enterprise-wide
information packages, moving away from more traditional personal subscription
based models. The higher prices this wider dissemination carries, coupled with
growing income from electronic archive sales helped our Academic & Scientific
business to grow its revenues by 15% and its adjusted operating profit by 25% in
the year.

Trialtrove, the world's largest database of clinical trials data, which is fast
becoming an essential resource for the world's pharmaceutical industry grew its
sales by over 40% in the year to contribute to that result. In the legal market
our law portal i-law.com saw a 200+% increase in revenue. The migration of our
telecoms information from newsletters to on-line Intelligence Centres, similar
in construct to Datamonitor's Knowledge Centres further fuelled our growth.

The Performance Improvement (PI) group of companies also achieved double digit
pro forma adjusted operating profit growth in the year. Some 40% of these
companies' revenues now come from over 16 different US federal government
departments. This highly resilient government revenue stream, led by our
programme management company Robbins-Gioia, enjoyed good growth in the year
while overseas revenues for the PI businesses climbed to almost 20% of their
total sales, up from 15% in 2006.


Publishing

Publishing contributed 44% of revenue, £495.0m, in 2007. This 21% increase
reflects the growing importance of this resilient revenue stream. The proportion
of total Informa revenues publishing constitutes has increased from 39% in 2006
and is expected to increase still further in 2008 to approximately 50% of total
revenues and 60% of total adjusted operating profit when a full year of
Datamonitor is delivered.

Subscription sales, which now represent over 60% of publishing revenues, grew by
8% on a pro forma basis and 26% on a reported basis. Subscriptions will increase
to approximately 65% of publishing revenue and 80% of publishing adjusted
operating profit with a full year of Datamonitor. Books, largely in the academic
sector, will account for another approximately 30% of publishing revenue.

Advertising revenues, historically minimal in Informa, remain so at just 3% of
total Informa revenue.

Publishing margins continue to improve through a good combination of the yield
improvements from electronic revenues and cost reductions from print on demand
in our book production.

Technological advances in printing mean that Informa is able to print high
quality books on demand at comparable costs to bulk printing. This print on
demand capability continued to reduce cost, increase revenue and help the
environment in 2007. The number of books being printed on demand increased in
2007 by over 50%. The average print run is being economically reduced by a
similar percentage.

In addition, some third of our total books catalogue is now available
electronically as e-books. Holding 'virtual stock' rejuvenated back lists by
keeping out of print books on sale and also reduced Informa's carbon footprint.

In each of Informa's divisions, the successful migration from print to
technology based publishing has driven sales growth. Revenue growth in pure
digitally designed products is outstripping all other delivery media.

In Informa's Academic and Scientific markets, on-line book sales, with their
ability to drive back lists, now represent 30% of total sales. Informa's own
purely electronic reference and e-books produced turnover well in excess of £5m
and growth in 2007 of 48%.

The successful launch in 2006 of four electronic subject based archives, based
on authoritative journals content, has continued well through 2007. Informa now
has rich archives in:


•  Education
•  Business, Management and Economics
•  Chemistry
•  Physics
•  Mathematics & Statistics
•  Geography, Planning, Urban and Environment
•  Behavioural Science
•  Engineering, Computing & Technology
•  Health Sciences
•  Politics, International Relations and Area Studies
•  Strategic, Defence and Security Studies.


With still more in production, journal archive sales have more than tripled in
2007 and now include nationwide agreements in Germany and Greece.

Sales to the commercial, professional and pharmaceutical markets produced over
60% of subscription revenues in 2007.

In the Professional division, growth in subscription revenues for Informa
Professional was largely driven by the take-up of on-line products. Expanding
from a small base of early adopters, i-law, which brings together the core law
report archives and in-depth analysis for the niche markets of shipping,
insurance, arbitration, construction and intellectual property law, has grown
significantly in 2007. Sales to existing clients migrating to the on-line
repository are typically 57% higher. Market feedback has been excellent
confirming that i-law's content depth and functionality is turning it from a
research tool into a daily work aid.

Datamonitor also delivers its business intelligence via electronic
subscriptions. It was fully integrated into Informa in 2007, contributing £51.1m
revenue and £17.6m to adjusted operating profit from the date of acquisition of
13 July 2007. For the year ended 31 December 2007 it achieved a 22% pro forma
revenue increase and a pro forma adjusted operating profit rise of 59% on the
same period a year earlier.

For the second half of 2007 Datamonitor achieved a strong adjusted operating
profit margin of 33% compared to 22% in the first half of the year. The strong
second half is the result of a combination of impressive drop through and cost
savings from the Informa integration.

Datamonitor continues to execute on its strategy to achieve the dual objective
of increasing the total number of subscribers whilst at the same time driving up
the number of subscribers spending in the top quadrant of customer yields.

At the end of 2007, Datamonitor had 3,458 subscribers compared with 2,861 at the
date of its purchase. In addition Datamonitor had another 3,000+ report buyers.
Datamonitor's sales model is to move these single buyers up the value chain to
become subscribers. Subscribers spending over £20,000 grew by 20% in 2007 on a
full year pro forma basis. Overall renewals were 90%, while clients spending
over £20,000 had a 100% retention rate.

Products in all Informa publishing and market facing units are now designed to
be media neutral. The flag ship maritime title Lloyd's List is a prime example
of this. In June this year, to wide spread acclaim, it unveiled a new design as
a full-colour compact broadsheet format with increased content. Maintaining the
quality ethic underpinning it since 1734, the redesign was merely the front end
of a significant investment in a world-leading media neutral publishing system.
All transport magazines and newspapers are now migrating into the system,
creating a large database of highly structured XML content to combine with
Maritime's data driven products and enabling the business to re-purpose content
across all titles spurring on-line revenue growth and producing significant cost
efficiencies.

Performance Improvement
Performance Improvement (PI) at £225.3m accounted for 20% of Informa's revenue
in 2007. Revenues grew on a pro forma basis by 8% reflecting good demand by
multi-nationals looking to achieve efficiencies and consistency of best practice
performance globally.

The PI businesses experienced strong demand across all industry sectors as well
as from the US Federal Government which constitutes approximately 40% of total
PI revenues and 85% of Robbins-Gioia's, the Program Management specialists,
revenues who represent almost 30% of total PI revenues.

The other two of the three largest PI businesses, AchieveGlobal and ESI,
experienced good growth not just in the Government sector but among Fortune 1000
companies with particular increases in financial services, retail, manufacturing
and healthcare where organisations looked to them to help drive better results,
particularly in these more turbulent times. By using the PI businesses' tailored
intellectual property and learning based programmes to change the way employees
behave, clients were able to execute strategy and drive measurable results
consistently and confidently through their organisations.

A good example of this comes from Forum, the mid size PI company specialising in
Leadership and transformational growth, which has been working with American
Express to improve the effectiveness of senior leaders moving into new roles.
Using Forum's First 90 Days programme as part of their leadership development
approach, time to effectiveness in the new role has reduced by 25%.
Consequently, Amex is expanding the programme to more leaders and more levels in
its organisation.

Informa's decision to buy back some of the small PI Asian franchises delivered
good growth in 2007. ESI's 2006 acquisition and subsequent integration of its
Asian distributor and successful launch in India in 2007 has produced good top
line growth in Asia significantly ahead of last year.

Similarly Forum and Omega both saw double digit revenue growth in Asia and
AsiaPac regions in 2007, significantly ahead of 2006.

AchieveGlobal's purchase of its Taiwan and Greater Chinese franchise operation
also produced good results both ahead of budget and 2006. AchieveGlobal is now
co-located with ESI and the IIR events business in new offices in Beijing,
enabling strong cross promotion and savings in general office and infrastructure
costs.

Street sales(6) of AchieveGlobal solutions in 2007 moved to 40% non-US
originated and are tracking towards 50% by the end of 2008. Some of
AchieveGlobal's largest wins in 2007 such as that of a large international
multinational confectionery producer, started overseas and then expanded back
into the US. From a client perspective 44% of all Achieve engagements are now
global, creating a significant competitive advantage as there is no other PI
company with Informa's global reach.

ESI is also benefiting from this global footprint. This in conjunction with
investment in the EMEA(7) sales force and closer partnering with events sister
companies in Dubai, South Africa and Spain, contributed to excellent full year
top line growth in EMEA. Total ESI non US revenues now make up almost 30% of the
brand's revenues.

In 2007 non-US PI revenues accounted for almost 20% of total PI revenues
compared to 10% of revenues produced under the ownership of IIR prior to its
acquisition in July 2005.

(6) Street sales equal sales of wholly owned operations and all sales of
franchise businesses

(7) EMEA = Europe, Middle East and Africa


Events

Events at £408.8m contributed 36% of Informa's revenue in 2007, a 13% pro forma
revenue increase. This is the largest growth of any of the Informa revenue
streams. It is driven by a continuing focus on 'must attend' Large Scale Events
(LSE); geo-cloning of these established brands and the ability to seize market
opportunities quickly in new geographies, sectors and topic areas.

LSEs create high barriers to entry, good pricing power, substantial levels of
repeat business and the opportunity for replications elsewhere in the world,
known as 'geo-cloning'. All of these factors have contributed to strong trading
in 2007 and position the business well for 2008. The top event brands represent
40% of event revenue and approximately 70% of adjusted operating profit.

In 2007 Informa grew its LSE portfolio by over 20%. Informa continues to benefit
from the increased requirement of corporate marketing departments to measure
Return-On-Investment in their marketing spend. Sponsorship and Exhibition (SpEx)
revenues now represent 28% of total Informa event revenues and over 50% of
revenue in the top 200 event brands.

Much of this growth was driven by geo-cloning, taking flagship events with their
leading multi-national sponsors and exhibitors, and rolling them out to new
territories. Of the top 200 events in 2006, twelve of them were geo-cloned in
2007. Average revenue for each of the cloned events was over £650,000.

The Dubai events business was particularly successful in its geo-cloning,
helping to deliver another excellent set of results. It cloned both its
Cityscape and Arab Health brands. In October Cityscape Dubai, the world's
largest property event, attracted more than 50,000 participants from 120
countries. Over 1,000 exhibitors showcased their projects and services on 75,000
square metres of exhibition space. Record show revenues were 35% ahead of 2006.
In November the first Cityscape India was held, beating expectations on both
exhibitor and delegate figures and providing a strong platform for further
growth in India. The event was also successfully held in Singapore, China,
Brazil and Abu Dhabi. In 2008 it will also take place in Russia. The Arab Health
Abu Dhabi clone was also similarly successful, beating budgeted expectations and
delivering significant operating profit in its launch year.

In the Professional division, the geo-cloning strategy is also producing good
results. ICBI, the market leading international financial events specialists,
has continued to perform strongly all year. In December the business held its
largest ever inaugural geo-cloned event with the extension of its LSE,
SuperReturn, the world's largest private equity conference, to the Middle East.
This followed the earlier success of Funds Asia in the first half of the year,
when ICBI took its flagship mutual funds events, in its 17th year, and
attracting over 1,400 participants, to Hong Kong.

Seizing opportunities in emerging markets, in 2007 Informa increased the number
of conferences held in China, Czech Republic, Dubai, Singapore, South Africa,
Russia and the Ukraine with considerable success.

Academic & Scientific

Academic &                                                                 Pro
Scientific                     2007       2006           Increase        forma
                                £'m        £'m
Revenue
STM                           201.0      178.7                 12%           6%
HSS                           138.5      116.5                 19%          13%
                             -------    -------            --------
                              339.5      295.2                 15%           9%
                             -------    -------            --------

Adjusted Operating Profit
STM                            62.9       50.6                 24%          19%
HSS                            34.0       27.0                 26%          28%
                             -------    -------            --------
                               96.9       77.6                 25%          22%
                             -------    -------            --------

Adjusted Operating Margin
                               28.5%      26.3%
                             -------    -------            --------      -------

Revenue increased by 15% to £339.5m in 2007, driven by a strong pro forma growth
rate of 9% and contributions from acquisitions, of which Datamonitor contributed
£13.9m.

Adjusted operating profit increased by 25% to £96.9m in 2007. The adjusted
operating profit margin improved by more than two percentage points from 26.3%
to 28.5%, demonstrating good drop through in all of our A&S revenue streams.

Almost 3,000 new books and a continuing e-led invigoration of the back list led
to copy sales for the division increasing on a reported basis by 7% and by 5% on
a pro forma basis. Taylor & Francis, the academic publisher which merged with
Informa in 2004 and constitutes the largest business within this division,
continues to gain library market book share.

Subscription revenue from journals and electronic archives in Academic &
Scientific grew 24% on a reported basis. We achieved pro forma revenue increases
of 11% reflecting content growth and frequency increases in a number of
journals, particularly in the Humanities and Social Sciences (HSS) area; as well
growth in the total number of subscribers year on year.

Over 90% of subscriptions to our 1,500+ academic journals are now digitally
delivered. Informa added over 300 new journals in 2007, a more than four fold
increase in new titles, positioning the business well for further growth in
2008.

The Scientific, Technical & Medical (STM) business grew reported revenues by 12%
and pro forma revenue by 6%, a two percentage point increase on 2006. Within it,
Informa Healthcare, which targets the medical, bioscience and pharmaceutical
sectors with a full mix of delivery formats including books, journals, magazines
and awards had another strong year achieving for the second year running revenue
growth of 12% and adjusted operating profit growth of 16%.

The Informa Healthcare (IHC) team's ability to leverage brands and provide high
quality content across multiple delivery formats was proven again as it rolled
out both its Agrow (the flagship information source providing opinions and
analysis for the plant services industry) and GCPj (Good Clinical Practice
Journal, the market leader in clinical trial news, regulatory updates and
peer-reviewed features) brands with two new awards ceremonies.

IHC customers' demand for more market intelligence on key medical technology
sectors led to the highly successful launch of two niche information services,
Clinica Diagnostics and Clinica Cardiology, as brand extensions of the market
leading Clinica Medical Technology News product. Building on the strong
news content of Clinica, these new services also feature detailed market sector
analysis and data as well as in-depth company profiles to provide
a comprehensive source of news and intelligence on the medical diagnostics and
cardio-vascular equipment markets.

In HSS, the purchase of Lawrence Erlbaum towards the end of 2006, with an
impressive portfolio of 100 titles particularly in behavioural sciences and
education, helped drive strong top line growth of 19% to £138.5m. Pro forma
revenue growth for the year was 13% reflecting continuing strong growth in both
copy and journal sales.

Pro forma adjusted operating profit grew by a strong 28% to £34.0m to produce an
adjusted operating profit margin of 25%, compared to 23% in 2006.

The 2007 reorganisation of the HSS books business to a global structure has
reduced costs, increased efficiency and improved margins. Informa's market
leadership in newer areas of academia, such as media studies, built environments
and gender studies, as well as deep relationships with the newer universities,
has ensured that we are first to market with newer delivery formats so that, for
example, we now have over 100 companion websites to our text books, giving
professors extended teaching materials and students more learning tools. This is
in turn drives higher adoptions of new books and increases revenue.

The events businesses, which represent 10% of the division's revenue, saw good
pro forma adjusted operating profit growth of 12% driven primarily by strong
performances of their LSEs such as Clinical Trials Congress, Partnering with
Central Labs, Medicaid Drug Rebate Program and BioProcess International which is
now widely recognised as the meeting place for the Bioprocess manufacturing
industry.

Annual and LSEs now represent almost 45% of the number of conferences held in
this division, reflecting a successful migration from more niche, opportunistic
events to the more resilient and higher yielding conferences with dual revenue
streams (both delegate and SpEx revenue). This duality combined with higher
delegate yield, means that almost 70% of event revenue in this division now
derives from these larger events.

Professional

                                                                          Pro
Professional                       2007       2006        Increase      forma
                                    £'m        £'m
Revenue
Performance Improvement           225.3      225.8              -%          8%
Financial Data Analysis            72.4       63.6              14%       -3%
Finance Insurance Law and Tax      95.6       83.3              15%        13%
                                 -------    -------         --------
                                  393.3      372.7               6%         7%
                                 -------    -------         --------

Adjusted Operating Profit
Performance Improvement            35.3       34.7               2%        10%
Financial Data Analysis            21.9       19.1              15%       -2%
Finance Insurance Law and Tax      26.7       22.0              21%        17%
                                 -------    -------         --------
                                   83.9       75.8              11%         9%
                                 -------    -------         --------

Adjusted Operating Margin
                                   21.3%      20.3%
                                 -------    -------         --------    -------

Revenue increased by 7% on a pro forma basis to £393.3m representing 35% of
Informa's total revenue. Reported revenue growth at a slightly lower 6% was
primarily due to the impact of the weaker US dollar. The strong reported revenue
increase in Financial Data Analysis (FDA) is due to the Datamonitor and
Investment Scorecard acquisitions which have contributed £14.2m.

Adjusted operating profit grew on a reported basis by 11% to £83.9m and on a pro
forma basis by 9%.

Performance Improvement (PI), which represented 57% of the division's revenue in
2007 and 20% of Informa's as a whole, was flat on reported revenues due to the
impact of the dollar, but increased revenues on a pro forma basis by 8%. Second
half trading was slightly ahead of the first half with 52% of full year pro
forma revenue coming from the second half and 56% of pro forma adjusted
operating profit.

Client revenue renewal rates of over 90% combined with over 100% retained value
for another consecutive year contributed to good trading in 2007 and stands the
business in good stead for 2008.

Robbins-Gioia (R-G), the programme management specialists who contribute circa
30% of PI revenue, had a strong year. The 2006 $4m investment programme,
reported in last year's Annual Report, produced a good return. On a pro forma
basis R-G revenue increased by 9% with double digit adjusted operating profit
growth

Omega, the retail financial services specialists and market leaders in credit
and commercial lending, who as the second smallest PI business contribute just
4.5% to total PI revenues, experienced a weaker second half year after a strong
start to the year, 16% up on 2006, reported in the interim results. As we enter
2008, the credit slow down primarily in the US, as clients took stock of current
market conditions, appears to be being replaced by significant new activity as
their clients look for proven solutions to their current difficulties.

Financial Data Analysis (FDA) which represented 18% of the division's revenue in
2007 and 6% of the Group's revenue grew revenues and adjusted operating profit
by 14% and 15% respectively benefiting from the Datamonitor financial and
professional services client base.

On a pro forma basis FDA experienced a slight decline in revenue, partly off-set
by cost savings.

Informa Global Markets (IGM), the bond and foreign exchange information
provider, which in 2006 experienced a slight decline in pro forma revenue due
primarily to consolidation in the banking community, continued to see some
attrition in the first half of 2007 which was off-set by growth in the second
half, particularly in the EMEA markets, to finish the year slightly ahead of
2006. Despite the challenging markets, IGM achieved year on year margin growth.
Given current equity market turmoil, attention to information and analysis of
safe harbour alternatives is likely to increase.

International Insider, our Eurobond analysis business, experienced both revenue
and profit growth for the year. Informa Global Markets and International Insider
combined resources in 2007 and launched a consolidated product suite of capital
markets analytical tools, which will continue to be rolled out in 2008.

Informa Research Services (IRS), providing competitive intelligence, market
research and mystery shopping services to the financial industry, had a
disappointing start to the year. While the core bank rate and fee information
business performed well, the market research business experienced sufficient
weakness that in the second half of the year we completely restructured it,
leaving IRS in a much healthier position for 2008.

Informa Investment Solutions (IIS) with its strong wealth management solution
set, finished the year strongly. Having successfully integrated Investment
Scorecard, acquired in the first half of the year, IIS drove cross-selling
synergies between the legacy clients and those acquired with Investment
Scorecard to increase revenues substantially. Post acquisition adjusted
operating profit growth for Investment Scorecard compared to the same period in
the prior year was over 50%.

iMoneyNet, the publishers of the subscription driven Money Fund Report R, also
saw year on year revenue and adjusted operating profit growth primarily driven
by the conversion of traditional data delivery to on-line browser based workflow
analysis tools which provide greater yield and extend client engagements.

The strongest growth within the division came from the Finance, Insurance, Law
and Tax (FILT) unit which includes Informa Professional, a market facing unit,
and legacy IIR specialist finance events businesses in both the UK and the US.
With revenues at £95.6m and adjusted operating profit at £26.7m representing 32%
of the division's adjusted operating profit, FILT had pro forma revenue and
adjusted operating profit growth of 13% and 17% respectively.

The stronger UK Professional performance was led by its move to on-line data
services in both the legal and insurance markets. Here, the increased utility
and timeliness of web based solutions continues to drive higher client yield,
robust revenue renewal and new business acquisition.

Financial events, which includes the market leader in Large Scale Financial
Events, ICBI, traded strongly. Revenue increased by double digits year on year
whilst still delivering a 30%+ margin. As well as contribution from a small
acquisition, growth came from the execution of a number of recurring Informa
strategies.

Average delegates and yield increased in our LSEs. In turn, this expansion
increased the high margin SpEx revenues as suppliers were eager to have access
to senior audiences, with proven, considerable purchasing power.

The Adam Smith brand, specialising in Russia and other emerging central and
eastern European markets, saw good productivity and delegate growth as it
expanded into other countries such as the Ukraine, taking advantage of the scale
and reach of Informa to ensure first mover advantage.

Both ICBI and US Finance successfully geo-cloned a number of their leading
events including SuperReturn (private equity), GAIM (hedge funds) and Funds in
Asia and the Middle East, taking sponsors and exhibitors to new markets and
attracting new local delegates while reducing the reliance on more developed
markets.

The weakest part of the division was the small Dutch publishing unit which had
flat year on year growth after it reduced its product portfolio, divesting less
profitable products following a poor 2006. This unit accounts for 7% of the
division's revenue.

Commercial

                                                                           Pro
Commercial                        2007        2006        Increase       forma
                                   £'m         £'m
Revenue
Regional Events                  250.7       241.1               4%         12%
Telecoms & Media                  74.0        64.7              14%         17%
Maritime & Commodities            71.6        65.4               9%          8%
                                -------     -------         --------
                                 396.3       371.2               7%         12%
                                -------     -------         --------

Adjusted Operating Profit
Regional Events                   46.5        42.3              10%         27%
Telecoms & Media                  23.2        16.1              44%         23%
Maritime & Commodities            10.4         7.3              42%         38%
                                -------     -------         --------
                                  80.1        65.7              22%         28%
                                -------     -------         --------

Adjusted Operating Margin
                                  20.2%       17.7%
                                -------     -------         --------     -------

The Commercial division, which represents 35% of Informa's revenue, increased
revenue by 7% on a reported basis to £396.3m and by 12% on a pro forma basis.
Growth on reported numbers was lower than pro forma due to the £39m aggregate
impact from the absence of the quadrennial IPEX print show exhibition which was
held in 2006 and the changed relationship for the 3GSM World Congress under
which profits rather than revenues are now shared with the trade association.
This arrangement lasts until end of 2009. The impact of this change is to reduce
turnover by £18m and has a small impact on adjusted operating profit. The IPEX
event in 2006 contributed £21m of turnover and £7.7m of operating profit. The
3GSM and IPEX reductions are offset by £30.3m of Datamonitor revenue and £9.1m
of adjusted operating profit.

Adjusted operating profit for the division rose by 22% on a reported basis and
by 28%+ on a pro forma basis to £80.1m. A pleasingly 2.5 percentage point margin
increase to 20% reflects the good gearing of this division.

With the acquisition of Datamonitor, the successful launch of the Informa
Telecoms and Media Intelligence Centre and the growth of Maritime & Commodities
highly successful Maritime Intelligence Unit, the mix of revenues in this
division has shifted. In 2007 the very resilient subscription revenues grew by
78% to £53.6m.

Regional Events which represented 63% of the division's revenue in 2007 achieved
12% pro forma revenue growth and 27% pro forma adjusted operating profit growth.
Reported revenue growth of 4% was lower due to the impact of the weaker US
dollar. Adjusted operating profit growth at 10% despite this dollar weakness
again demonstrates the ability of Informa's events business to scale the costs
within the business and increase margin. The adjusted operating profit margin in
2007 increased to 18.5%.

The powerhouse within the Regional Events unit in 2007 was again the Dubai
events business, contributing 21% of revenues and over 35% of adjusted operating
profits and growing revenues by 38% year on year.

This growth was primarily driven by successfully leveraging brand strength.
Existing shows increased square metres with a 60% profit drop through. This
enabled equally profitable growth in sponsorship revenue and yields.

Geo-cloning event brands created a safe new launch vehicle, taking sponsors and
exhibitors to new markets. Dubai's most successful 2007 launch was the
geo-cloned Cityscape Abu Dhabi which contributed a multi-million dollar gross
profit at an above average margin.

The German and Dutch conference businesses which between them represent around a
third of both revenue and adjusted operating profit of the Regional Event's
portfolio built on their strong start to the year to finish well with double
digit pro forma adjusted operating profit growth.

The remaining smaller regional events businesses which include for example
Australia, Brazil, Czech Republic, Denmark, Hungary, India, Italy, Mexico,
Poland, Portugal, Singapore, Spain and Sweden, saw a focus on best practice
programme development, marketing KPIs, cost control and productivity pay off.
The developing markets of South Africa and Singapore had particularly strong
year on year conference growth. Denmark, which had a weak start to the year,
executed an exceptional turnaround programme and finished the year substantially
ahead of 2006. Launch investments in 2007 in Mexico and India are expected to
contribute to further good growth in 2008.

Informa Telecoms & Media (ITM) as a market facing unit combines publishing and
events revenues. Following the Datamonitor acquisition it now includes the
Datamonitor Ovum branded Knowledge Centre. In 2007 ITM contributed 19% of
revenue and 29% of adjusted operating profit of the division, and 6.6% and 8.9%
respectively of Informa's total revenue and adjusted operating profit. In 2007
ITM grew reported revenue by 14% and adjusted operating profit by 44% with the
loss of revenue from the change in the relationship with the telecoms trade
association over the 3GSM World Congress offset by both a rigorous focus on cost
control and the benefit of the Datamonitor acquisition.

ITM grew pro forma revenue by 17% and pro forma adjusted operating profit by 23%
increasing an already strong adjusted operating margin by over six percentage
points to a subscription quality of earnings level of 31%.

ITM's wholly owned GSM world series, branded as the Com series of events is
growing strongly and the training business continues to roll out its successful
MiniMBA series as well as to make strong inroads into the corporate training
market. In Asia, ITM's focus on growing its largest events, has also produced
good adjusted operating profit growth.

Maritime and Commodities which contributes 18% of the Commercial division's and
6.3% of Informa's revenue, saw 9% reported and 8% pro forma revenue increases
translate well into 42% and 38% respectively adjusted operating profit
increases. A strong focus on driving subscription revenues in this market facing
unit which includes events, advertising, copy sales and subscriptions, has
increased the latter to 42% of the unit's revenue. Adjusted operating profit
margins have consequently risen by 3 percentage points.

Within Maritime, Lloyd's Maritime Intelligence Unit which created a dedicated
portal in mid 2006 bringing together various data streams and websites relating
to vessel and ownership information, continues to capture strong market appetite
for this workflow tool. Reporting on over 28 million vessel positions on a daily
basis as well as providing detailed characteristics of over 120,000 vessels and
comprehensive information on 163,000 shipping companies, site traffic and client
yields continues to grow monthly.

Commodities also finished the year well as, a market facing unit, it continued
to repurpose its content and leverage its brands across multiple media. In a
perfect example of marrying market expertise with Informa's best practice
business stream methodology, it applied Informa's Large Scale Event blueprint to
the 10th Anniversary of its World Ethanol event in 2007 to increase operating
profit by 35%.

Current Trading

All three of Informa's divisions and revenue streams have started the year well
and are trading in line with our expectations.

Publishing is positioned well for 2008. Renewal rates of over 95% and the
addition of 300 new academic journals in the current year combined with content
driven price increases underpins both revenue and profit growth in the Academic
and Scientific division. In addition, an already robust pipeline of books is
further bolstered by the publication of the 5th edition of Molecular Biology of
the Cell, our leading book title.

Electronic workflow solutions in the Academic & Scientific, Professional and
Commercial divisions are all seeing strong client retention and new business
wins. Datamonitor in particular has begun the year well; new sales recorded in
January were 24% ahead of the same month last year.

As a result of the Datamonitor acquisition, we expect almost 60% of Informa's
2008 profits to come from publishing. 80% of these profits are derived from our
subscription products. Almost half of these revenues are already banked.
Publishing revenue overall (recognised and deferred) at the end of January
accounted for almost a third of expected full year revenue.

The Performance Improvement (PI) businesses have had a solid start to the year,
underpinned by 2007 revenue retention of over 90% and good international sales
growth. Non US revenue in January is over 20% higher than a year ago.

In December Omega, the financial service specialists who had a weaker second
half of 2007, signed two large contracts with US banks both of whom had been
significantly impacted by the sub prime turmoil, looking to rebound quickly with
reinvigorated market presence. Omega's pipeline is currently over 20% ahead of
the same point last year. Total value of opportunities across all PI pipelines
supports our growth expectations for this year.

The events businesses have also started the year well. Three of our largest and
most established events were held in the first weeks of the year each in a
different sector and each achieving the most successful results in their
history. SuperReturn, the world's largest Private Equity event now in its 11th
year, has had record delegate attendance and sponsorship and exhibition (SpEx)
revenues. Arab Health, the premier Middle East healthcare show, occupied the
entire Dubai International Convention & Exhibition Centre, covering more than
60,000sqm of gross space. Energie, the German national energy event, attracted
more delegates then ever before and increased SpEx revenue by 11%. Newer events,
such as Ukraine Investment, were also highly successful.

Event revenues (recognised and deferred) are currently significantly ahead of
this same point last year. Over 20% of 2008 expected delegate revenues are
already booked. At our 2007 events we secured on-site renewals of some 75% of
our SpEx clients for this year's events. This strong revenue renewal, coupled
with good early new sales with deferred revenues running at double digit growth
on prior year, means that we now have firm bookings on a substantial portion of
our budgeted 2008 SpEx revenues.

We are of course aware of the current uncertainty in the financial markets, but
at this point the board sees no reason to alter its expectations that Informa
will deliver another strong performance in 2008.

Financial Review

Informa reported 2007 revenues of £1,129.1m, 9% higher than in 2006 and adjusted
operating profit increased by 19% to £261.0m. Adjusted operating profit margins
increased from 21% to 23%.

These results reflect the increased scale of the Group and the growth rates and
opportunities that have arisen from the combination of the Informa, T&F and IIR
businesses and most recently the Datamonitor acquisition. The increase in margin
reflects the benefit of operational gearing and a continued focus on cost
efficiency across the Group.

Recent acquisitions have traded strongly. In particular, Datamonitor has
performed ahead of our acquisition model, reporting post-acquisition revenues of
£51.1m and adjusted operating profit of £17.6m.

Revenue

In the year to 31 December 2007, we reported revenues of £1,129.1m, up 9% from
the £1,039.1m reported in the same period last year. Datamonitor which was
acquired on 13 July 2007 contributed £51.1m to revenue and a further £23m was
contributed by other acquisitions.

The weakness in the US dollar throughout 2007 reduced reported pounds sterling
revenues by £41m relative to 2006. Also affecting reported 2007 revenues were
the change to the relationship with the trade association for the 3GSM World
Congress which reduced our revenue from this event by £18m compared to 2006, and
the quadrennial IPEX exhibition which contributed £21m to 2006 reported
revenues.

Operating Profit

Operating profit increased by 20% to £154.0m from £128.3m in 2006. While
operating costs benefited from the impact of a weaker US dollar, the absolute
increase in operating costs of 7% includes increases in intangible asset
amortisation of 21% and staff costs of 7%.

Included in other expenses and employee benefit expenses are in aggregate £7.7m
of restructuring costs which include the costs of integrating acquisitions and
restructuring costs associated with a Group wide initiative to rationalise our
back office teams within Europe and the UK.

Finance Costs

Net finance costs, which consist principally of interest costs net of interest
receivable increased by £22.0m from £41.0m to £63.0m, principally as result of
the increase in debt in July 2007 to finance the acquisition of Datamonitor.

Acquisitions and Disposals

The Group has spent £599.0m during 2007 on acquisitions. As well as matching the
Group's business criteria and strategy, the Group continues to apply its
rigorous financial investment criteria which are that acquisitions should pay
back their initial investment within seven years, be earnings enhancing in their
first full year of ownership and associated cash flows must produce a positive
net present value within 10 years when discounted at the Group's weighted
average cost of capital plus a suitable premium for risk.

The integration of Datamonitor is progressing to plan and the Group expects to
realise annualised cost savings of £3m in line with the acquisition model and
expects that the post-tax return on invested capital will exceed Informa's cost
of capital in the second full year of ownership.

In February 2007 the Group disposed of its interest in Blackwell Publishing
Limited. The proceeds on this disposal were £38.9m and the gain on disposal is
included within the £33.4m profit on disposal of available for sale investment
which is shown on the face of the consolidated income statement.

Taxation

Across the Group tax has been provided at an adjusted tax rate of 25.05% (2006:
26%). This adjusted tax rate benefits from profit generated in low tax
jurisdictions including Dubai and Monaco. The effective Group tax charge was
19.5% (2006: 21.6%).

EPS

Basic and diluted EPS are both 46% ahead of 2006.

Adjusted Results

Adjusted operating profit, which is shown in note 4 to these results, is
calculated after removing certain items not related to the underlying trading
operations of the Group. Adjusted operating profit increased by 19% from £219.1m
to £261.0m.

Adjusted operating profit before tax increased 14% to £202.6m from £178.1m and
adjusted profit for the period increased by 15% from £132.1m to £151.9m.

Adjusted diluted EPS of 35.5 pence is 14% ahead of 2006.

The Board believes these adjusted operational figures provide additional
information to explain the underlying performance and trends across the Group
and further details are provided in note 4.

Dividend

As was reported in the interim report for the six months ended 30 June 2007, the
Board has reviewed the Group's dividend policy and given the excellent cash flow
characteristics of the business and the resilience of its revenue and profit
streams decided to set dividend payouts at a range of 2.0 to 2.5 times adjusted
earnings per share.

In line with this policy and in recognition of the continued good trading
prospects, the Board has recommended a final dividend of 11.3 pence (2006: 8.9
pence) which together with the interim dividend of 5.6 pence represents a total
dividend of 16.9 pence (2006: 12.2 pence). This represents an increase of 39% on
the 2006 equivalent. The final dividend which is subject to shareholder approval
will be payable on 21 May 2008 to ordinary shareholders registered at the close
of business on 18 April 2008.

Balance Sheet

Goodwill increased from £1,124.5m to £1,554.3m, including additions from
acquisitions of £415.2m and favourable currency movements.

Other intangible assets increased from £921.2m to £1,154.5m, with £317.3m of the
increase being attributable to acquisitions, offset by amortisation and currency
movements. Also included within this category is £28m in respect of the
investment in a series of developments in our group wide operating systems
including finance, sales order processing, contact management and marketing.

Property and fixed assets increased to £24.6m from £23.1m, reflecting additions
of £8.3m (2006:£9.7m) and additions from acquisitions of £2.3m offset by
depreciation.

The reduction in available for sale investments previously shown under current
and non current assets includes a reduction of £38.9m following the sale of the
shares held in Blackwell Publishing Limited.

Trade and other receivables rose by £54.7m principally due to acquisitions and
growth in trade receivables in line with increased trading.

Share capital has been substantially restructured on 19 December 2007. The
authorised share capital was reduced by cancelling 9.90 pence of each 10.00
pence share in issue resulting in a reduction of share capital (£42.0m), a
reduction in share premium (£505.1m) and the creation of a distributable capital
reserve of £547.1m.

The increase in the hedging and translation reserve of £23.6m relates to the net
currency impact from retranslating assets and goodwill offset by the conversion
of liabilities (principally loans) also held in those same currencies.
Additionally there was a net decrease in the fair value of derivatives held of
£11.9m.

The decrease in the revaluation reserve of £26.2m reflects the disposal of the
Group's investment in Blackwell Publishing Limited.

Net debt increased by £506.5m from £738.4m to £1,244.9m reflecting inter alia an
increase in operating cash flows of £59.8m to £279.2m and disposal of available
for sale investments of £38.9m offset by investment in acquisitions of £598.9m
(of which £497.1m was in respect of Datamonitor), and higher cash out-flows in
respect of net interest, capital expenditure and dividend payments. The level of
net debt at 31 December 2007 is also impacted by currency movements of £12.9m
and by interest being paid as incurred in the second half of the year rather
than being accrued as had been the case in the prior year.

The Group continues to generate excellent cash flows and this is reflected in a
cash conversion rate (expressed as adjusted cash generated by operations as a
percentage of adjusted operating profit, note 10 of the results) of 110% (2005:
103%). In 2007, before taking into account spend on acquisitions or proceeds
from the sale of assets, the Group generated free cash flow of £77m.

As was outlined in the interim 2007 financial statements, in support of the
Datamonitor acquisition, the Group has put in place a new £1.45bn multicurrency
5 year unsecured credit facility. The syndication of the facility was
successfully completed in the second half of the year. The facility is
structured as a £500m revolving credit facility and a £950m term loan (including
foreign currency sub-tranches). The £500m revolving credit facility is repayable
at the end of 5 years and the £950m term loan amortises over 5 years, with 5%
payable at the end of 2008, 10% at the end of each of 2009 and 2010, 15% at the
end of 2011 and the balance on the final May 2012 maturity date. The principal
financial covenant ratios under the facility are maximum net debt to EBITDA and
minimum EBITDA interest cover, tested semi-annually. At 31 December 2007 both
financial covenants were comfortably achieved. The ratio of net debt to EBITDA
at 31 December 2007 was 4.3 times and given the strong cash flow of the Group
this is expected to drop below 3.75 times by the end of December 2008.

The Group has also entered into interest rate hedging agreements to the extent
that approximately 70% of the projected interest cost is effectively covered at
fixed rates through 2009, with the percentage hedged gradually decreasing
thereafter in line with expected decreases in gearing levels. Based on current
market interest rates the Group is currently paying a blended interest rate on
its debt of approximately 6.25%.

Provisions shown under current and non current liabilities have increased from
£13.3m to £36.6m. The increase in is relation to the Datamonitor acquisition and
is split between £22.0m of contingent consideration and £3.0m of property
related provisions. This has been partly offset by utilisation of the opening
provisions during the year.

Trade and other payables shown under current and non current liabilities of
£195.2m have increased by £25.8m from £169.4m. Acquisitions account for the
majority of the increase (£21.5m).

The Group's defined pension liabilities disclosed under 'retirement benefit
obligations' have reduced by £2.8m compared with 31 December 2006 principally
due to additional contributions by the Group of £1.2m and actuarial gains of
£1.4m.

Deferred revenue which represents income received in advance was up £56.0m (31%)
on the same period in 2006 to £237.4m. Adjusted for the impact of acquisitions,
deferred income at 31 December 2007 was 9% ahead of the same date last year.


Consolidated Income Statement
For the Year Ended 31 December 2007

                                                       Year ended   Year ended
                                                             2007         2006
                                               Notes        £'000        £'000

Continuing operations
Revenue                                                 1,129,098    1,039,142
Change in inventories of finished goods and
work in progress                                            2,009        2,513
Raw materials and consumables used                       (378,880)    (349,930)
Employee benefit expense                                 (318,586)    (297,248)
Depreciation expense                                       (9,066)      (9,113)
Amortisation of intangible fixed assets                  (104,957)     (86,656)
Impairment of goodwill                                          -         (515)
Impairment of available for sale investments                 (755)           -
Other expenses                                           (164,893)    (169,897)
                                                -----     --------     --------
Operating profit                                          153,970      128,296
Profit/(loss) on disposal of available for
sale investment                                            33,365         (812)
Finance costs                                      5      (67,763)     (45,654)
Investment income                                  5        4,793        4,670
                                                -----     --------     --------
Profit before tax                                         124,365       86,500
Tax charge                                         6      (24,279)     (18,653)
                                                -----     --------     --------
Profit for the year                                       100,086       67,847
                                                -----     --------     --------
Attributable to:
- Equity holders of the parent                             99,192       67,368
- Minority interests                                          894          479
                                                -----     --------     --------
Earnings per share                                 8
- Basic (p)                                                 23.40        15.98
- Diluted (p)                                               23.32        15.91
                                                -----     --------     --------

Consolidated Statement of Recognised Income and Expense
For the Year Ended 31 December 2007

                                                       Year ended   Year ended
                                                             2007         2006
                                               Notes        £'000        £'000
                                              
(Loss)/gain on cash flow hedges                    9      (16,577)       4,800
Loss on translation of foreign operations          9       (9,781)     (62,590)
Actuarial gains on defined benefit pension
schemes                                            9        1,375        6,817
Tax on items taken directly to equity              6       11,457       (8,871)
Revaluation of available for sale investment                    -       33,390
                                                -----      -------    ---------
Net loss recognised directly in equity                    (13,526)     (26,454)
Transferred to profit or loss on cash flow         9       (1,904)      (2,572)
hedges
Profit for the year                                       100,086       67,847
                                                -----      -------    ---------
Total recognised income and expense for the                84,656       38,821
year                                            -----      -------    ---------
Attributable to:                                           
- Equity holders of the parent                             83,762       38,342
- Minority interests                                          894          479
                                                -----      -------    ---------


Consolidated Balance Sheet
At 31 December 2007

                                                              2007        2006
                                                 Note        £'000       £'000
ASSETS
Non-current assets
Goodwill                                                 1,554,351   1,124,529
Other intangible assets                                  1,154,534     921,229
Property and equipment                                      24,603      23,143
Available for sale investments                                 257       1,012
Deferred tax assets                                         31,835      19,900
Derivative financial instruments                             1,990       6,339
                                              --------   ----------  ----------
                                                         2,767,570   2,096,152
                                              --------   ----------  ----------
Current assets
Inventory                                                   31,523      33,601
Available for sale investments                                   -      38,943
Trade and other receivables                                247,647     192,987
Cash and cash equivalents                                   23,973      19,478
Derivative financial instruments                               790       1,357
                                              --------   ----------  ----------
                                                           303,933     286,366
                                              --------   ----------  ----------
Non-current assets classified as held for sale               2,247       2,247
                                              --------   ----------  ----------
Total assets                                             3,073,750   2,384,765
                                              --------   ----------  ----------

EQUITY AND LIABILITIES
Capital and reserves
Called up share capital                              9         425      42,327
Share premium account                                9           -     501,310
Reserve for shares to be issued                      9       5,394       2,803
Merger reserve                                       9     496,400     496,400
Other reserve                                        9      37,398      37,398
ESOP trust shares                                    9      (1,955)     (3,332)
Revaluation reserve                                  9           -      26,190
Hedging and translation reserve                      9     (83,574)    (59,954)
Capital reserve                                      9     547,075           -
Retained losses                                      9     (73,312)   (111,742)
                                              --------   ----------  ----------
Equity attributable to equity holders of parent            927,851     931,400
Minority interests                                             612         589
                                              --------   ----------  ----------
Total equity                                               928,463     931,989
                                              --------   ----------  ----------
Non-current liabilities
Long-term borrowings                                     1,205,427     654,847
Deferred tax liabilities                                   293,151     244,320
Retirement benefit obligation                                8,437      11,219
Provisions                                                  28,027      11,769
Trade and other payables                                     5,725       3,287
Derivative financial instruments                            13,142           -
                                              --------   ----------  ----------
                                                         1,553,909     925,442
                                              --------   ----------  ----------
Current liabilities
Short-term borrowings                                       63,396     103,041

Current tax liabilities                                     92,483      75,227

Provisions                                                   8,616       1,558

Trade and other payables                                   189,523     166,136

Deferred income                                            237,360     181,372
                                              --------   ----------  ----------
                                                           591,378     527,334
                                              --------   ----------  ----------
Total liabilities                                        2,145,287   1,452,776
                                              --------   ----------  ----------
Total equity and liabilities                             3,073,750   2,384,765
                                              --------   ----------  ----------

Consolidated Cash Flow Statement
For the Year Ended 31 December 2007

                                                Year ended 2007  Year ended 2006

                                        Note            £'000            £'000

Operating activities
Cash generated by operations              10          279,160          219,358
Income taxes paid                                     (30,970)         (32,466)
Interest paid                                         (84,340)         (42,845)
                                         ----         --------         --------
Net cash from operating activities                    163,850          144,047
                                         ----         --------         --------
Investing activities
Investment income                                       4,459            4,670
Proceeds on disposal of property,
equipment and non-current assets
classified as held for sale                               105            2,996
Purchases of intangible software assets               (25,666)         (13,936)
Purchases of property and equipment                    (8,332)          (9,705)
Disposal of available for sale
investments                                            38,893                -
Acquisition of subsidiaries and
businesses                                           (598,984)        (136,207)
                                         ----         --------         --------
Net cash used in investing activities                (589,525)        (152,182)
                                         ----         --------         --------
Financing activities
Dividends paid                                        (61,520)         (39,160)
Repayments of borrowings                  10       (1,073,971)        (352,185)
New bank loans raised                     10        1,555,467          397,514
Repayments of obligations under
finance leases                            10               (8)             (28)
Proceeds from the issue of share
capital                                                 3,863            4,659
                                         ----         --------         --------
Net cash from financing activities                    423,831           10,800
                                         ----         --------         --------

Net (decrease)/increase in cash and
cash equivalents                                       (1,844)           2,665

Cash and cash equivalents at beginning
of year net of overdrafts                              18,750           16,085
                                         ----         --------         --------
Cash and cash equivalents at end of
year net of overdrafts                                 16,906           18,750
                                         ----         --------         --------


Notes to the Preliminary Announcement
For the Year Ended 31 December 2007

1 Basis of Preparation

The financial information set out in the preliminary announcement does not
constitute statutory accounts within the meaning of Section 240 of the Companies
Act 1985, but is derived from those accounts. While the financial information in
this preliminary announcement has been prepared in accordance with International
Financial Reporting (IFRS), this announcement does not itself contain sufficient
information to comply with IFRS. The IFRS accounting policies applied in respect
of the current and prior years have previously been disclosed, the only change
from the prior year is the adoption of IFRS 7. Statutory accounts for the year
ended 31 December 2006 have been delivered to the Registrar of Companies and
those for the year ended 31 December 2007 will be delivered following the
Company's Annual General Meeting. The statutory accounts for the year ended 31
December 2007 will be despatched to shareholders by 2 April 2008 for approval at
the Annual General Meeting on 15 May 2008. The auditors have reported on those
accounts - their reports were unqualified and did not contain statements under
Section 237(2) or (3) of the Companies Act 1985.


2 Business and Geographical Segments

Analysis by market sector
                            Revenue                      Operating profit
                          2007        2006                  2007          2006
                         £'000       £'000                 £'000         £'000
Academic & Scientific Division
Scientific,            200,948     178,738                36,293        31,922
Technical & Medical
Humanities & Social    138,513     116,511                23,161        15,906
Sciences              --------    --------               --------      --------
                       339,461     295,249                59,454        47,828
Professional Division
Performance            225,260     225,794                17,899        17,709
Improvement
Financial Data          72,422      63,641                16,893        15,823
Analysis
Finance, Insurance,     95,648      83,287                17,155        12,615
Law & Tax             --------    --------               --------      --------
                       393,330     372,722                51,947        46,147
Commercial Division
Regional Events        250,701     241,045                14,860        12,525
Telecoms & Media        73,990      64,736                17,744        14,542
Maritime &              71,616      65,390                 9,965         7,254
Commodities           --------    --------               --------      --------
                       396,307     371,171                42,569        34,321
                      --------    --------               --------      --------
Total from 
continuing           1,129,098   1,039,142               153,970       128,296
operations            --------   ---------               --------      --------

                                                     Adjusted operating profit
                                                            2007          2006
                                             Note          £'000         £'000
                    
Academic & Scientific Division
Scientific,                                               62,896        50,618
Technical & Medical
Humanities & Social                                       34,034        26,936
Sciences                                  --------       --------      --------
                                                          96,930        77,554
Professional Division
Performance                                               35,292        34,726
Improvement
Financial Data                                            21,964        19,064
Analysis
Finance, Insurance,                                       26,667        22,012
Law & Tax                                 --------       --------      --------
                                                          83,923        75,802
Commercial Division
Regional Events                                           46,519        42,280
Telecoms & Media                                          23,225        16,151
Maritime &                                                10,396         7,304
Commodities                               --------       --------      --------
                                                          80,140        65,735
                                          --------       --------      --------
Adjusted operating                            4          260,993       219,091
profit                                    --------       --------      --------



Geographical segments

The following table provides an analysis of the Group's revenue by geographical
market, irrespective of the origin of the goods/services:
                                                             Revenue by
                                                           geographical
                                                               market
                                                         2007             2006
                                                        £'000            £'000

United Kingdom                                        166,443          161,837
North America                                         426,028          409,780
Continental Europe                                    322,756          293,385
Rest of World                                         213,871          174,140
                                                   -----------      -----------
                                                    1,129,098        1,039,142
                                                   -----------      -----------

3 Restructuring Costs

                                                           2007           2006
                                                          £'000          £'000

Board level changes                                         472              -
Acquisition integration costs                             1,774          3,643
Business restructuring                                    5,426          3,560
                                                        --------        -------
                                                          7,672          7,203
                                                        --------        -------

In the year ended 31 December 2007, acquisition integration and business
restructuring costs comprise reorganisation costs of £2,354,000 (2006:
£3,672,000), redundancy costs of £4,846,000 (2006: £2,467,000) and vacant
property provisions of £nil (2006: £1,064,000). These items are included in the
other expenses line on the Income Statement except for redundancies which are
included in employee benefit expense.


4 Adjusted Figures - Continuing Operations

                                                                2007      2006
                                                      Note     £'000     £'000

Reconciliation of operating profit to adjusted
operating profit:
Operating profit                                             153,970   128,296

Adjusting operating profit items
                                                            --------  --------
Restructuring and re-organisation costs                  3     7,672     7,203
Intangible asset amortisation(1)                              99,351    83,077
Impairment of goodwill                                             -       515
                                                            --------  --------
Adjusting operating profit items                             107,023    90,795
                                                    ------  --------  --------
Adjusted operating profit                                    260,993   219,091
                                                     ------  --------  --------
Reconciliation of statutory profit before tax to
adjusted profit before tax:
Profit before tax                                            124,365    86,500
                                                    ------  --------  --------
Adjusting operating profit items                             107,023    90,795
(Profit)/loss on disposal of available for sale
investment                                                   (33,365)      812

Finance costs
                                                            --------  --------
Excess interest on early repayment of private
placement loan notes                                             915         -
Bank loan facility fees written off on refinancing             3,666         -
                                                            --------  --------
                                                               4,581         -
                                                    ------  --------  --------
Adjusting profit before tax items                             78,239    91,607
                                                    ------  --------  --------
Adjusted profit before tax                                   202,604   178,107
                                                    ------  --------  --------
Reconciliation of profit for the year to adjusted
profit for the year:
Profit for the year                                          100,086    67,847
                                                    ------  --------  --------
Adjusted profit before tax items                              78,239    91,607

Attributable tax expense on adjusting items                  (26,465)  (27,301)
                                                    ------  --------  --------
Adjusting profit for the year items                           51,774    64,306
                                                    ------  --------  --------
Adjusted profit for the year                                 151,860   132,153
                                                    ------  --------  --------

(1)Excludes software amortisation


5 Finance Costs and Investment Income

                                                                2007      2006
                                                               £'000     £'000
Interest expense on financial liabilities measured at
amortised cost                                                60,114    43,118
Excess interest on early repayment of private placement loan
notes                                                            915         -
Bank loan facility fees written off on refinancing             3,666         -
Fair value gain on interest rate swap previously recognised
in equity                                                          -      (842)
Interest on pension scheme liabilities                         3,403     3,185
                                                             -------  --------
Total Interest Expense                                        68,098    45,461

Hedge ineffectiveness on cash flow hedges                       (616)      224
Fair value gains transferred from equity on interest rate
swaps designated as cash flow hedges of floating rate debt       281       (31)
                                                             -------  --------
Finance costs                                                 67,763    45,654
                                                             -------  --------

                                                               2007       2006
                                                              £'000      £'000
Loans and receivables:
Interest Income
Bank deposits                                                   958        348
Interest on unwinding of discounted loan                         80         58
Translation gain on foreign currency loan(1)                      -      1,284
Profit on disposal of non-current assets classified as held
for sale                                                          -        160
Expected return on pension scheme assets                      3,755      2,820
                                                             -------   --------
Investment income                                             4,793      4,670
                                                             -------   --------

(1) The Group no longer has borrowings in Japanese Yen.


6 Tax

The tax charge comprises:
                                                             2007        2006
                                                            £'000       £'000
Current tax:
UK corporation tax                                         20,617      20,555
Foreign tax                                                24,107      22,925
                                                          -------     -------
                                                           44,724      43,480
                                                          -------     -------

Deferred tax:
Current year                                              (20,445)    (24,827)
                                                          -------     -------
Total tax charge on profit on ordinary activities          24,279      18,653
                                                          -------     -------

UK corporation tax is calculated at 30% (2006: 30%) of the estimated assessable
profit for the year. Taxation for other jurisdictions is calculated at the rates
prevailing in the relevant jurisdictions.

A reduction in the UK tax rate from 30% to 28% will apply from 1 April 2008.
This will impact the current tax charge for the year to 31 December 2008 and has
been applied to the deferred tax attributable to the UK.

The total charge for the year can be reconciled to the accounting profit as
follows:
                                                      2007               2006
                                             £'000       %      £'000       %

Profit before taxation                     124,365             86,500

Tax at the UK corporation tax rate of 30%
(2006: 30%)                                 37,309      30     25,950      30

Tax effect of expenses that are not
deductible in determining taxable profit     2,434       2     18,589      21
Effect of different tax rates of
subsidiaries operating in other
jurisdictions                              (15,283)    (12)   (10,747)    (12)
Deferred tax not previously recognised        (181)      -    (15,139)    (17)
                                           --------  ------    -------  ------
Tax expense and effective rate for the
year                                        24,279      20     18,653      22
                                           --------  ------    -------  ------

In addition to the income tax expense charged to the Income Statement, a tax
debit of £11,457,000 all of which relates to deferred tax (2006: tax credit of
£8,871,000 all of which related to deferred tax), has been recognised in equity
during the year.


7 Dividends

                                                                 2007     2006
                                                                £'000    £'000
Amounts recognised as distributions to equity holders in the
year:
Final dividend for the year ended 31 December 2005 of 6.00p
per share                                                           -   25,275
Interim dividend for the year ended 31 December 2006 of
3.30p per share                                                     -   13,885
Final dividend for the year ended 31 December 2006 of 8.90p
per share                                                      37,759        -
Interim dividend for the year ended 31 December 2007 of
5.60p per share                                                23,761        -
                                                              -------- --------
                                                               61,520   39,160
                                                              -------- --------

Proposed final dividend for the year ended 31 December 2007
of 11.30p per share (2006: 8.90p per share)                    48,013   37,612
                                                              -------- --------

Holders of 300,391 ordinary shares of 0.10p (2006: 725,213 ordinary shares of
10.00p) each have waived their rights to receive dividends.

The proposed final dividend is subject to approval by shareholders at the Annual
General Meeting and has not been included as a liability in the preliminary
announcement.


8 Earnings per Share

Basic

The basic earnings per share calculation is based on a profit attributable to
equity shareholders of the parent of £99,192,000 (2006: £67,368,000). This
profit on ordinary activities after taxation is divided by the weighted average
number of shares in issue (less those non-vested shares held by employee share
ownership trusts) which is 423,972,990 (2006: 421,619,174).

Diluted

The diluted earnings per share calculation is based on the basic earnings per
share calculation above except that the weighted average number of shares
includes all potentially dilutive options granted by the Balance Sheet date as
if those options had been exercised on the first day of the accounting period or
the date of the grant, if later, giving a weighted average of 425,437,510 (2006:
423,346,817).

The table below sets out the adjustment in respect of diluted potential ordinary
shares:

                                                          2007           2006
Weighted average number of shares used in basic
earnings per share calculation                     423,972,990    421,619,174
Effect of dilutive share options                     1,464,520      1,727,643
                                                   ------------   ------------
Weighted average number of shares used in diluted
earnings per share calculation                     425,437,510    423,346,817
                                                   ------------   ------------

Adjusted earnings per share

The basic and diluted adjusted earnings per share calculations have been made to
allow shareholders to gain a further understanding of the trading performance of
the Group. They are based on the basic and diluted earnings per share
calculations above except that profits are based on continuing operations
attributable to equity shareholders and are adjusted for items that are not
perceived by management to be part of the underlying trends in the business and
the tax effect of those adjusting items as follows:
                                                                2007      2006
                                                     Note      £'000     £'000

Profit for the financial year                                100,086    67,847
Minority interests                                              (894)     (479)
Adjusting items net of attributable taxation             4    51,774    64,306
                                                   --------  --------  --------
Adjusted profit for the year attributable to equity
shareholders                                                 150,966   131,674
                                                   --------  --------  --------

Earnings per share:
- Adjusted basic (p)                                           35.61     31.23
- Adjusted diluted (p)                                         35.48     31.10
                                                   --------  --------  --------


9 Capital and Reserves

                                  Reserve
                                      for                                                  Hedging
                          Share    Shares                         ESOP                         and     Capital
               Share   Premium      to be    Merger     Other    Trust   Revaluation   Translation   Reduction  Retained
             Capital    Account    Issued   Reserve   Reserve   Shares       Reserve       Reserve     Reserve    Losses
               £'000      £'000     £'000     £'000     £'000    £'000         £'000         £'000       £'000     £'000
At 1 January
2006          42,152    496,826     1,124   496,400    37,398   (3,334)            -           408           - (145,096)

Profit for
the period
attributable
to equity
holders of         -          -         -         -         -        -             -             -           -   67,368
the parent

Actuarial
gain on 
defined benefit    -          -         -         -         -        -             -             -           -    6,817
pension scheme

Tax on items
taken directly     -          -         -         -         -        -        (7,200)            -           -   (1,671)
to equity

Exchange
differences on
translation of     -          -         -         -         -        -             -       (62,590)          -        -
foreign
operations

Increase in
fair value of      -          -         -         -         -        -             -         4,800           -        -
derivatives

Transfer to
income             -          -         -         -         -        -             -        (2,572)          -        -
Dividends to
shareholders       -          -         -         -         -        -             -             -           -  (39,160)

Share award
expense            -          -     1,681         -         -        -             -             -           -        -

Options
exercised        175          -        (2)        -         -        2             -             -           -        -

Premium
arising on
options
exercised
during year        -      4,484         -         -         -        -             -             -           -        -

Revaluation
of available
for sale           -          -         -         -         -        -        33,390             -           -        -
investment   -----------------------------------------------------------------------------------------------------------

At 1 January
2007          42,327    501,310     2,803   496,400    37,398   (3,332)       26,190       (59,954)          - (111,742)

Profit for
the period
attributable
to equity
holders of         -          -         -         -         -        -             -             -           -   99,192
the parent

Actuarial gain
on defined
benefit            -          -         -         -         -        -             -             -           -    1,375
pension scheme

Tax on items
taken directly     -          -         -         -         -        -         7,200         4,642           -     (385)
to equity

Exchange
differences
on translation
of foreign         -          -         -         -         -        -             -        (9,781)          -        -
operations

Decrease in
fair value of      -          -                   -         -        -             -       (16,577)          -        -
derivatives

Transfer to
income             -          -         -         -         -        -             -        (1,904)          -        -

Dividends to
shareholders       -          -         -         -         -        -             -             -           -  (61,520)

Share award
expense            -          -     2,591         -         -        -             -             -           -        -

Options
exercised        136          -         -         -         -    1,377             -             -           -     (232)

Premium
arising on
options
exercised
during year        -      3,727         -         -         -        -             -             -           -        -

Capital
Reduction    (42,038)  (505,037)        -         -         -        -             -             -     547,075        -

Sale of
available
for sale           -          -         -         -         -        -       (33,390)            -           -        -
investment   -----------------------------------------------------------------------------------------------------------

At 31
December         425          -     5,394   496,400    37,398   (1,955)            -       (83,574)    547,075  (73,312)
2007         -----------------------------------------------------------------------------------------------------------


As at 31 December 2007 the Informa Employee Share Trust held 297,616 (2006:
618,718) ordinary shares in the Company at a cost of £1,955,000 (2006:
£3,332,000) and a market value of £1,374,000 (2006: £3,694,000). Informa Quest
Ltd held 2,775 (2006: 106,495) ordinary shares at a book cost of £15,000 (2006:
£106,000) and a market value of £13,000 (2006: £636,000). These shares have not
yet been allocated to individuals and accordingly, dividends on these shares
have been waived.

At 31 December 2007 the Group held 0.1% (2006: 0.2%) of its own called up share
capital.

The Capital Reserve will become distributable upon satisfaction of certain legal
requirements for the protection of creditors of the Company, which will be
completed prior to the declaration of the final dividend at the Annual General
Meeting.


10 Notes to the Cash Flow Statement

                                                              2007       2006
                                                             £'000      £'000

Operating profit                                           153,970    128,296

Adjustments for:
Depreciation of property and equipment                       9,066      9,113
Amortisation of intangible assets                          104,957     86,656
Impairment of goodwill                                           -        515
Impairment of available for sale investments                   755          -
Loss on disposal of property and equipment                     228         23
                                                           --------   --------
Operating cash flows before movements in working capital   268,976    224,603

Decrease in inventories                                      2,694        211
(Increase)/decrease in receivables                         (11,985)     9,866
Increase/(decrease) in payables                             17,449    (15,185)
Movement in other operating items                            2,026       (137)
                                                           --------   --------
Cash generated by operations                               279,160    219,358
                                                           --------   --------

Cash and cash equivalents (which are presented as a single class of assets on
the face of the Balance Sheet) comprise cash at bank and other short-term highly
liquid investments with a maturity of three months or less.

Adjusted cash generated by operations
                                                                2007      2006
                                                  Notes        £'000     £'000

Cash generated by operations                                 279,160   219,358
Restructuring costs                                  3         7,672     7,203
                                               -----------  --------  --------
Adjusting items on a cash flow basis                         286,832   226,561
Accrued in prior year                                          5,725     4,426
Accrued at year end                                           (5,450)   (5,725)
                                               -----------  --------  --------
Adjusted cash generated by operations                        287,107   225,262
                                               -----------  --------  --------

                                               -----------  --------  --------
Adjusted operating profit                            4       260,993   219,091
                                               -----------  --------  --------

                                                                2007      2006
                                                                   %         %
                                               -----------  --------  --------
Percentage of adjusted operating profit
converted to                                                     110       103
adjusted cash generated by operations          -----------  --------  --------

Analysis of Net Debt
                        At 1
                     January   Non-cash       Cash   Exchange         At 31
                        2007      items       flow   movement      December
                                                                       2007
                       £'000      £'000      £'000      £'000         £'000
Cash at bank and
in hand               19,478          -      4,495          -        23,973
Overdrafts              (728)         -     (6,339)         -        (7,067)
                    ----------  --------- ----------  ---------  -----------
Net cash              18,750          -     (1,844)         -        16,906
Bank loans due in
less than one year  (102,055)         -     46,303        (23)      (55,775)
Loan notes due in
less than one year      (250)      (551)       250          -          (551)
Bank loans due in
more than one year  (654,841)    (5,097)  (528,049)   (12,874)   (1,200,861)
Loan notes due in
more than one year         -     (4,563)         -          -        (4,563)
Finance leases due
in less than one
year                      (8)         -          5          -            (3)
Finance leases due
in more than one
year                      (6)         -          3          -            (3)
                    ----------  --------- ----------  ---------  -----------
                    (738,410)   (10,211)  (483,332)   (12,897)   (1,244,850)
                    ----------  --------- ----------  ---------  -----------










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