Offer Update

Informa Group Plc
                  

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA,
                    CANADA, JAPAN OR UNITED STATES

                              10 May 2004

                Merger of Informa and Taylor & Francis

Completion of Merger, change of name to T&F Informa and commencement of dealings
                       in new T&F Informa Shares

The boards of Informa and Taylor & Francis are pleased to announce that the
Taylor & Francis Scheme of Arrangement required to effect the Merger between 
Informa and Taylor & Francis became effective today and the Merger has 
completed.

Commenting on the completion of the Merger, David Smith, Chairman of  T&F 
Informa, said:

"We have had strong support from shareholders for this merger and today marks 
the beginning of T&F Informa. The Enlarged Group will provide a strong platform
from which to expand existing revenue streams, better capitalise on market 
opportunities and deliver growth to our shareholders in a wider range of 
economic conditions."

Peter Rigby, Chief Executive of T&F Informa, commented:

"We are looking forward to building an exciting new force in specialist 
information, utilising a wide range of media. The Group has the clear potential
to become a major industry player over the next few years."

As a result of the Merger, 146,329,938 new T&F Informa shares have been issued 
to former Taylor & Francis Shareholders. As of today, 298,340,260 ordinary 
shares of 10p each are in issue.

Dealings in the new T&F Informa Shares issued to Taylor & Francis Shareholders 
are expected to commence on the London Stock Exchange at 8:00 a.m. today. The 
designation of T&F Informa has changed to TFI as a result of the change in name
to T&F Informa. The last day of dealings in Taylor & Francis Shares was 7 May 
2004.

Any Taylor & Francis Shareholder who has any queries in relation to the above
should contact their financial adviser or Taylor & Francis' registrars, Capita
Registrars.

                             Board Changes

The board of T&F Informa plc announces the following board changes
which took effect today upon the Merger becoming effective: 

James Wilkinson and Eric Barton have resigned from their positions; and

David Smith, Anthony Foye, Don Cruickshank and Derek Mapp have been appointed as
directors. 

Accordingly, the board of T&F Informa plc comprises the following directors:



Name:                         Role:

David Smith                   Chairman

Peter Rigby                   Chief Executive

David Gilbertson              Managing Director

Anthony Foye                  Finance Director

Richard Hooper*               Non-executive Director

Don Cruickshank               Non-executive Director

Sean Watson                   Non-executive Director

Derek Mapp                    Non-executive Director



* Senior non-executive director 

The T&F Informa board reflects the complementary skills and experience of the 
senior management of the two groups, who will each have clearly defined roles 
within the organisation. The combined management team has broad experience of 
successful acquisitions, business integration and organic growth delivery, both 
in the UK and internationally, across the academic, scientific, professional and
commercial markets.

Details of each of the above directors are contained in the Listing Particulars 
dated 19 March 2004, which were sent to both Informa Shareholders and Taylor & 
Francis Shareholders. 

The T&F Informa board is also currently seeking to appoint an additional 
independent non-executive director to the board to give a total of five
non-executives. 

Terms used in this announcement have the same meaning as in the Listing 
Particulars dated 19 March 2004 which were sent to Informa Shareholders and 
Taylor & Francis Shareholders.



Enquiries

Informa                [phone]   Taylor & Francis      [phone]   
Peter Rigby                               David Smith                              
David Gilbertson                          Anthony Foye                             
Jim Wilkinson                                                                      
                                                                                   
Bell Pottinger         [phone]   Financial Dynamics    [phone]   
John Coles                                Tim Spratt                               
Zoe Sanders                               Charles Palmer                           

Capita Registrars      [phone]