Pearson to retain FT Business

Pearson PLC
5 July 2002



5 July 2002



PEARSON TO RETAIN FT BUSINESS



Pearson, the international media company, today announces that it has decided to
retain FT Business as part of the Financial Times Group.


Pearson received many expressions of interest in FT Business and, as a result,
retained Lazard to advise it on strategic options for the company. Pearson has
now concluded that FT Business is worth more as part of the FT Group than
potential bidders were prepared to pay.



FT Business publishes magazines about the retail, personal and institutional
finance industries including Investors Chronicle, The Banker, Money Management
and Financial Adviser.



Ends


For more information:        Luke Swanson            + 44 (0) 20 7010 2313


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