Joint Venture with Korean Technology Banking Corp

WPP Group PLC 7 April 2000 WPP GROUP ('WPP') J. Walter Thompson sets up joint venture in Korea WPP's wholly-owned operating company, J. Walter Thompson Company ('JWT'), the global advertising agency group, announces a joint venture with Korean Technology Banking Corp ('KTB'), a national venture capital company, to establish a digital agency, Thompson Digital KTB. JWT will own 51% and have day-to-day control of the new agency and KTB and its affiliates will hold the remaining 49%. The new agency, which will be headed by Dong Wook Kim, Managing Director of JWT Korea, will specialise in providing comprehensive marketing communications including online and offline advertising and consulting to internet start-up companies. This venture continues WPP's objective of strengthening existing networks in growth segments, such as web-based marketing communications. For further information, please contact: Feona McEwan at WPP London 020 7408 2204 www.wpp.com www.jwtworld.com

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