Final Results - Pre-tax Profit Up 9%

ITE Group PLC
1 December 1999



ITE GROUP PLC

PRELIMINARY RESULTS ANNOUNCEMENT


ITE Group plc, the leading international exhibition organiser in emerging
markets, is pleased to announce its preliminary results for the year ended 30
September 1999.


Key points:

*   Profit before goodwill, exceptional loss and tax of £10.0million, up 9% in
spite of economic crisis in Russia, achieved through diversification into new
markets.

*   Turnover of £35.3million.

*   Headline diluted earnings per share 4.0p.

*   Final dividend of 0.9p per share making a total of 1.38p for the year, up
4%.

*   Acquisitions and joint ventures including Turkey, Czech Republic, Poland,
Bulgaria and Egypt.

*   During the period ITE organised 53 exhibitions in 12 countries

*   New management team of exhibition specialists


Lawrie Lewis, Chairman, commented:

'The future growth path for ITE is clear. Our new acquisitions and our new
management team will combine to consolidate and build on this year's growth.
Further acquisition targets are being appraised and the Group's
diversification outside of Russia and the CIS will continue.

Our new management structure and team will focus ITE on the key element of
running exhibitions - 'sales and marketing'. ITE is unique in this ability and
I am extremely confident of continuing the success in the current financial
year.'


For further information, please contact:

ITE Group Plc
Lawrie Lewis        Chairman           0171 596 5000
Steve Monnington    Chief Executive

Odette Jonkers      Press Office       0171 596 5253

Buchanan Communications
Richard Oldworth/Isabel Petre          0171 466 5000

ITE GROUP PLC
Preliminary Statement for the year ended 30 September 1999


It is a great pleasure for me to present the 1999 preliminary results.  Having
highlighted in the 1998 annual report the difficulties facing ITE, I am
particularly pleased that 1999 has shown the growth in headline earnings
reported today.  We are now well advanced in achieving our major aim of
diversifying outside of Russia and the CIS by acquisition and this strategy
will continue in the current year. As part of this strategy we announced today
the conditional agreement to acquire 50% of Istanbul Fuarcilik ('IFAS').

*   Results

The results for the year ended 30 September 1999 are being compared with a
nine month period to 30 September 1998. Given the seasonal trading pattern to
our business the comparable period excludes the quietest quarter of our
financial year.

The consolidated profit and loss account for the year ended 30 September 1999
is set out below. Turnover for the year under review was £35.3million while
Profit before tax, goodwill, and exceptional loss was £10.04million.
During the year we incurred an exceptional loss of £2.3million relating to our
investment in Philip Johnstone Group Limited. This investment arose from
former activities of the group and has no relationship to the group's current
business. Accordingly the Directors believe it is prudent to make a full
provision for this investment due to the uncertainty relating to its
recoverability.

*   Management

In recent months the Group has undergone a complete re-organisation of senior
management, continuing on the path which was highlighted in last year's
report.  In November we appointed Steve Monnington as Group Chief Executive.
Steve has a long association with the exhibition industry and worked very
successfully with me at Blenheim Group.  We also recently appointed Greg Ward
to the position of Group Business Development Director. Greg's industry
expertise from Reed Exhibitions will enhance our  acquisition and integration
process. I am also very pleased that Alex Bernstein agreed to join the board,
with responsibility for Russia and the CIS.  Alex has had a long and
successful association with ITE and it is appropriate that within our new
management structure his role is recognised.

Following the announcement today of our acquisition of 50% of the fair
organising arm of CNR, IFAS, Ceyda Erem has agreed to join the
board of ITE. Ceyda founded and developed CNR into the largest exhibition
company in Turkey and I believe she will play a major role in developing
further ITE's business in Turkey.

In July, the founders of the Company, Roger and  Roddy  Shashoua disposed of
their remaining interest in the Company and stepped down as directors. Mark
Shashoua, Deanne Shashoua and Barbara Hanlon also left to pursue other
interests.  I would like to express my gratitude for all their efforts and
their assistance with the handover to the new management team.

I believe that we have now assembled an outstanding, talented and experienced
management team with the range of skills necessary to deliver results in a
dynamic and challenging international environment.

*   Strategy and Acquisitions

Over the last year, the group has continued its acquisition programme in
Eastern Europe with major acquisitions in Poland (Biuro Reklamy), the Czech
Republic (Incheba Praha and Agentura Triumf) and Turkey (Afeks and IFAS).
We have also begun our expansion into the Middle East with the acquisition of
MEC and ACG  both of which operate in the Egyptian market. ITE is now
achieving its objective of becoming the leading independent exhibition
organiser in these emerging markets. We will continue to search for
appropriate acquisitions in our target marketplaces combined with the
development of our existing and acquired businesses.

*   Dividends

An interim net dividend of 0.48p (1998: 0.45p) per share was paid on 2 July
1999.  The directors recommend a final net dividend of 0.9p (1998: 0.875p) per
share, to be paid (if approved) on 4 February 2000 to shareholders on the
register of members at the close of business on 17 December 1999.
Shareholders can elect to take their dividend either in cash or new shares in
ITE.

*   Current Trading

Our sales as at 30 November  1999 already booked for 1999/00 are £19.5 million
(1998/9: £23.6 million).  To date over £11.5million (1998/9: £12.1 million) of
these sales have been collected. While our sales for the current year at this
point are lower than in 1998, last year's figure benefited from advance sales
made prior to the Russian economic crisis of August 1998, after which sales
were slower than normal.

*   Outlook

In this year we have succeeded in moving ITE from being totally dependent on
Russia and the CIS for its exhibition business to having a diverse portfolio
of trade exhibitions in emerging markets. Our plan is to continue to expand by
acquisitions and joint ventures in both our existing markets and in new ones
such as the Far East. At the same time we will continue to exploit and enhance
our current portfolio of shows with increased international sales and
reciprocal trading. Our new management structure and team will focus ITE on
the key element of running exhibitions - 'sales and marketing'. ITE is unique
in this ability and I am extremely confident of continuing the success in the
current financial year.


Lawrie Lewis
Chairman


CONSOLIDATED PROFIT AND LOSS ACCOUNT

                                      Year ended     Nine months
                                    30 September    30 September
                                            1999            1998
                          Notes            £'000           £'000
                                                                
Turnover                                  35,312          28,376
Cost of Sales                           (19,174)        (16,804)
                                         -------         -------
Gross profit                              16,138          11,572
                                                                
Amortisation of Goodwill                   (218)               -
Other Operating Expenses                 (7,016)         (2,989)
(net)                                     ------         -------
Operating Expenses                       (7,234)         (2,989)
                                          ------          ------
Operating Profit                           8,904           8,583
                                                                
Share of associates'                        (48)               -
operating loss
                                                                
Exceptional amounts         3            (2,340)               -
written off investments
                                                                
Net Interest Receivable                      946             660
                                          ------         -------
Profit on ordinary                         7,462           9,243
activities before
taxation
Taxation                                 (2,976)         (2,851)
Profit on ordinary                         4,486           6,392
activities after
taxation
Minority Interests                         (115)               -
                                          ------         -------
Profit for the financial                   4,371           6,392
year
Dividends                                (2,256)         (2,122)
                                         -------         -------
Retained profit                            2,115           4,270
                                         =======         =======
Earnings per Share                                              
Headline Diluted            4               4.0p            4.9p
Earnings
Basic                       5               2.7p            5.3p
Diluted                     6               2.6p            4.9p
                                           =====            ====


CONSOLIDATED BALANCE SHEETS

                                              As at            As at
                                       30 September     30 September
                                               1999             1998
                                              £'000            £'000
FIXED ASSETS                                                        
Goodwill                                      7,196                -
Tangible Assets                               1,973            4,372
Associates                                    1,904                -
Investments                                   1,041            2,600
                                             ------            -----
                                             12,114            6,972
                                                                    
CURRENT ASSETS                                                      
Debtors                                      12,658           16,246
Cash at bank and in hand                     19,493           19,040
                                             ------          -------
                                             32,151           35,286
                                             ------          -------
                                                                    
CURRENT LIABILITIES                                                 
Creditors: amounts falling due             (27,333)         (30,002)
within one year                            --------         --------
                                                                    
NET CURRENT ASSETS                            4,818            5,284
                                              -----            -----
                                                                    
TOTAL ASSETS LESS CURRENT                    16,932           12,256
LIABILITIES
                                                                    
Creditors: amounts falling due              (1,750)            (931)
after more than one year                    -------           ------
NET ASSETS                                   15,182           11,325
                                            =======           ======
CAPITAL AND RESERVES                                                
Called up share capital                       1,682            1,602
Share premium account                         9,978            6,621
Option reserve                                2,983            5,188
Profit and loss account                          48          (2,086)
                                             ------          -------
Equity shareholders' funds                   14,691           11,325
                                             ------          -------
Minority interests                              491                -
                                             ------          -------
Total capital employed                       15,182           11,325
                                             ======          =======
Notes

1. The accounts have been prepared on the historical cost basis and do not
constitute statutory accounts within the meaning of section 240 of the
Companies Act 1985.

2. The figures for the period to 30 September 1998 have been extracted from
the statutory accounts which have been reported on by the Group's auditors and
have been delivered to the Registrar of Companies. The auditors' report was
unqualified and did not contain any statement under Section 237(2) or (3) of
the Companies act 1985. The auditors have not reported on the accounts for the
year ended 30 September 1999 nor have any such accounts been delivered to the
Registrar of Companies.

3. The amounts written off investments relate to the company's investment in
Philip Johnstone Group Limited for which no tax relief has been assumed.

4. The headline diluted earnings per share is based on the profit for the
financial year but before the amortisation of goodwill and the exceptional
amounts written off investments divided by 169,225,000 ordinary shares,
allowing for the effect of all dilutive potential shares.

5. Earnings per share on the net basis is based on the profit for the
financial year divided by the weighted average of the number of ordinary
shares in issue, being 163,528,000 shares.

6. The calculation of fully diluted earnings per share is based on 169,225,000
ordinary shares, allowing for the exercise of all dilutive potential shares.