Pre-close period update

Informa Group PLC 26 June 2003 Informa Group plc Pre-Close Period Statement Informa is making a pre-close period statement today ahead of its half-year ending 30 June 2003. Since Informa's AGM statement in May, trading conditions have shown no signs of improving and the business environment continues to be challenging. This is reflected in the Group's revenue which, for the half year, is expected to be about 10% below that achieved in the same period in 2002. However, a significant proportion of the Group's profit is typically made in the second half of the year and with a strong forward programme in place for the important final quarter, the Group's trading outlook for the year remains unchanged. More than half the revenue decrease is due to the closure of non-performing publishing titles and events that are unlikely to produce satisfactory returns as conditions improve. A further significant factor in the revenue decline is as a result of the re-scheduling of around 120 of our small events from the first half to the second half of the year to avoid the poor trading conditions during the Iraq war and the SARS outbreak. Savings from tight cost control have offset the effects of the revenue decline and we continue to monitor our cost base very closely. The Group's largest events have continued to perform strongly, in particular the 3GSM event held in February, the Bluetooth Congress 2003 held in June and the biennial Cruise+Ferry show held in May. The Group's second largest event, Drug Discovery Technology, to be held in August, is booking in line with last year. New product launches announced last year in the Life Sciences division have been well received by the market. Both their performance and launch costs are in line with the board's expectations. - ends - For further information, please call: Jim Wilkinson, Finance Director, Informa Group 020 7017 4302 Catherine Lees/ Zoe Sanders, Bell Pottinger Financial 020 7861 3877 This information is provided by RNS The company news service from the London Stock Exchange

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