Hodder Headline Sells Southern African Business

Smith WH PLC 6 March 2000 HODDER HEADLINE DISPOSES OF SOUTHERN AFRICAN BUSINESS Hodder Headline, a subsidiary of WHSmith PLC, announced today (6 March) that it had reached a conditional agreement for the distribution of its UK educational titles (including Teach Yourself) in Southern Africa and for the sale of 100 per cent of the share capital in Hodder & Stoughton Education Southern Africa ('HSESA') to Macmillan Publishers Limited. The sale is subject to approval by the South African Competition Commission. Regulatory approval is being sought and it is hoped that clearance may be received during April. The sale is in accordance with Hodder Headline's strategy of concentrating on markets where it can be a leader. Hodder Headline will continue to vigorously develop its educational, academic and consumer publishing in other markets. In the year to 31 August 1999, HSESA had sales of around £1m. The net asset value of the transaction is approximately £0.5m. Enquiries: Tim Hely Hutchinson, Hodder Headline 020 7873 6011 Chief Executive

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