Interim Management Statement

Centaur Media PLC
15 November 2007

                         
15th November 2007



                                Centaur Media plc
                                        
                           ("Centaur" or "the Group")                                   
                                        
                          INTERIM MANAGEMENT STATEMENT
                                                                               
                                        
                    Revenues, margins and profits all ahead
                                        
          Strong performance under-pinned by continued organic growth


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Centaur Media plc (notes i & ii), the specialist business publishing and
information company, today issues an interim management statement for the four
month period to 31st October 2007.


Overall trading performance review

Centaur has delivered a strong performance in the first four months of the
current financial year. Revenues year to date are ahead of the corresponding
period in 2006, margins have continued to improve and profits are in line with
expectations.

Group revenues over the period are approximately 5% ahead of the same period in
the prior year. Revenues from all divisional segments are trading ahead of last
year, except for Perfect Information, due principally to the impact of Perfect
Analysis, which has now been discontinued. Revenue growth has been driven in
particular by strong results from online products and in investment community
brands reported within the financial services division.

In the four months to 31st October 2007, total advertising revenues have
increased by around 10% compared with the same period in the prior year,
reflecting a positive performance across most market sectors. The principal
sources of this growth were in magazine display advertising and in online
advertising.

Revenues from exhibitions, conferences and other events are little changed from
the same period in the prior year, principally as a result of the
discontinuation of certain under-performing events. Also, as previously
reported, we decided at the beginning of October to discontinue the Perfect
Analysis service, which incurred losses in the comparative period. This focus on
operational profitability across the Group has led to further improvement in
EBITDA margins (note iv).

New product development activity has continued through the period, including the
successful launch of the Business Travel Show in Dubai, (in partnership with
Dnata World of Events, part of the Emirates Group) with strong visitor numbers
leading to a high level of re-booking for next year. Our new websites in the
Marketing and Creative sector performed strongly in the period and we have a
number of other new products currently in development, which will serve to
underpin our future growth.

The Group has continued to deliver a high level of cash conversion. It retained
net cash balances in excess of £3 million at the end of October, after using
circa £6 million to purchase Centaur shares through an on-market share buy-back
programme. As previously reported, the Company acquired 5 million Centaur shares
in the market during October, in line with the authority granted at the 2006
Annual General Meeting to purchase up to 10% of shares in the Company. The
shares were bought back at an average price of 115p per share.


Current trading and outlook

The Board believes that its strategy of building and acquiring market-leading
multi-platform brands serving a broad range of niche business communities will
enable the Group to make further good progress in the new financial year. Our
exposure to the current credit squeeze in global capital markets, principally
through our leading portfolio of brands associated with the weekly title
Mortgage Strategy, is being offset by growth in our other markets.

We believe that the current outlook for our served markets remains broadly
positive for the year ahead. The Group also has a healthy pipeline of new
products to support future growth. In light of this, the Board remains confident
of meeting its expectations for the Group for the year ending 30th June 2008.


Enquiries:

Centaur Media plc            Geoff Wilmot             Tel: [phone]
                             Mike Lally

Gavin Anderson & Company     Robert Speed             Tel: [phone]
                             Charlotte Stone



Notes

i.    Centaur's product portfolio currently includes 10 weekly or fortnightly 
      magazines, 21 other magazines, over 20 online products or services, 25 
      awards or other sponsored events, 20 exhibitions and 80 conferences.

ii.   Centaur reports its results within 5 distinct business sector segments, 
      namely Marketing and Creative, Legal and Financial, Engineering and 
      Construction, Perfect Information and General Business Services. The first 
      3 segments comprise principally the following vertical business 
      communities in which Centaur publishes market-leading magazine titles: 
      Marketing Services, Creative Services, New Media, Retail Financial 
      Products, Legal Services, Engineering, Private Homebuilding. Centaur also 
      enjoys strong positions in a number of other specialist communities, 
      namely HR, Construction, Logistics, Recruitment and 
      Public/Private Finance. In addition, it serves the Business Travel 
      community with 3 leading trade shows in the UK and overseas and an
      associated web service.

iii.  Adjusted PBT is Profit Before Tax, excluding the impact of
      amortisation of intangibles and of exceptional items, including 
      share-based payments.

iv.   Centaur's key internal measure of profit is earnings before interest, tax, 
      depreciation and amortisation and excluding exceptionals (EBITDA).




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