ITE Group PLC Interim Results 6 months ended

ITE Group PLC Interim Results 6 months ended 31 st March 2005

ITE Group plc – Interim Results March 2005 ITE In Brief • Founded in 1991 • Over 600 staff • 14 Corporate offices • Over 140 B 2 B trade exhibitions and events p. a. • Events in 15 countries • Emerging and developing markets focus 1

ITE Group plc – Interim highlights • Turnover: £ 22. 7 million (2004: £ 20. 2 million) up 12% • Headline profit before tax of £ 3. 8 million (2004: £ 2. 1 million) • Cash reserves: £ 38. 0 million (2004: £ 29. 4 million) up 30% • Increased interim dividend of 0. 9 p per share (2004: 0. 55 p) • Up to £ 30 m Share buy-back later this year • Strong trading performance in ten leading H 1 events - 14% growth in space sales and 17% growth in revenue 2 • Successful expansion of Mosbuild into new facility • Strong forward sales for the second half of the year

ITE Group plc – 2005 Interim Financial Highlights 6 months Ended 31 March 2005 Unaudited 6 months Ended 31 March 2004 Unaudited £ 22. 7 m £ 20. 2 m 38% 36% £ 8. 6 m £ 7. 2 m (£ 6. 0 m) (£ 5. 6 m) Contribution from associates £ 0. 3 m £ 0. 1 m Net interest receipts £ 0. 9 m £ 0. 4 m Headline profit before tax £ 3. 8 m £ 2. 1 m Diluted Headline EPS 1. 0 p 0. 6 p Dividend per share 0. 9 p 0. 55 p Turnover up 12% Gross Margin Gross Profit Operating expenses * All figures above stated before amortisation 3 up 22%

ITE Group plc – Cash Flow 6 months to 31 March 2005 Unaudited £m Net Cash Flow from Operations Net Interest & Dividends Received Taxation Capital Expenditure & Financial Investment 4 14. 2 1. 3 (4. 5) ( 0. 3 ( Acquisitions / Disposals (2. 3) Dividends Paid (4. 6) _____ 4. 4 Issue of Shares 0. 1 Increase in Cash 6 month 31 March 2 Unaud _____ 4. 5 _____ ( _ _ _

ITE Group plc – Consolidated Balance Sheet 31 March 2005 Unaudited £’m FIXED ASSETS • Goodwill • Tangible Assets • Associates & Investments 30. 1 CURRENT ASSETS • Debtors due within 1 year due after 1 year • Cash 49. 3 CREDITORS • Deferred Revenue & Creditors • Deferred Consideration & Provisions • Proposed Dividend 41. 1 NET ASSETS 5 31 March 2004 Unaudited £’m 30. 5 1. 8 1. 2 _____ 27. 0 2. 0 1. 1 _____33. 5 22. 6 2. 7 38. 0 _____ 16. 9 3. 0 29. 4 _____63. 3 49. 3 1. 5 2. 6 _____ 38. 7 0. 9 1. 5 _____53. 4 _____ 43. 4 _____ 38. 3 _____

ITE Group plc – Sales Analysis 6 Square metres 000’s Revenue £m Gross profits £m First Half 2004 85. 3 20. 2 7. 2 Timing differences (6. 7) (0. 9) (0. 4) Core growth 7. 8 1. 2 1. 0 New events launched 9. 1 1. 8 0. 1 Acquisitions 6. 5 1. 6 0. 8 Non - recurring (5. 0) (1. 2) (0. 1) First half 2005 97. 0 22. 7 8. 6

ITE Group plc - Currency Exposure • ITE revalues monetary assets monthly Exchange Rates 30 Sept ‘ 04 31 Mar ‘ 05 Unhedged at 31 Mar ‘ 05 Forward Cover Euro 1. 46 €- € 16 m @ 1. 45 US Dollar 1. 80 1. 88 $2. 7 m $- Other £ 2. 1 m* Proforma 2005 sales % of Revenue Av. Sales Rate HI 2005 Av. Sales Rate 2004 Euro based £ 42. 5 m 59% 1. 47 1. 44 US Dollar based £ 24 m 33% 1. 85 1. 69 Other £ 6 m 8% £- * Sterling equivalent • 2005 Proforma sales analysis 7

ITE Group plc - IFRS accounting Timetable for IFRS accounting • ITE will adopt IFRS Accounting for 2005 – 06 • IFRS Reconciliation for Financial Year 2005 Report Main changes for ITE will be 8 • IFRS 2 Share based payments to be costed by fair value at date of grant • IFRS 3 Acquisitions use fair value allocated over identifiable assets • IFRS 3 Goodwill not amortised but tested for impairment • IAS 14 More detailed presentation on segmental reporting • IAS 39 Derivatives – hedge accounting

ITE Group plc – 9 Top Ten H 1 Events Area (m 2) 2004/2005 2003/2004 19, 300 17, 000 Moscow International Travel and Tourism Russia Kazakhstan Oil & Gas Kazakhstan 7, 400 6, 200 Ingredients Russia 5, 500 4, 700 MODA UK Spring UK 12, 100 10, 300 Trans. Russia 4, 600 3, 100 Moscow International Sports Show Russia 3, 300 4, 000 Kievbuild Ukraine 5, 000 4, 100 Public Health Ukraine 3, 500 n. a. Informatica Technology (ITC) Ukraine 3, 000 n. a. Worldfood Ukraine 2, 400 2, 800

ITE Group plc - Top 5 ranked by gross profit MITT Moda UK KIOGE Ingredients Russia Trans. Russia 10

ITE Group plc –Share buyback 38. 0 40 33. 5 35 Cash Balances (£M) 30 25 16. 3 17. 7 2001 2002 20 22. 1 15 10 Interim 2005 2004 2003 5 • Group’s debt capacity circa £ 50 m • Acquisition programme can be accommodated • Post tax yield on cash 3. 5% • Earnings accretive – circa 0. 3 p per share 11

ITE Group plc – Trading Update Sales at 13 th May 2005 12 • £ 64. 1 m of sales booked for full year. (£ 53. 3 m sales booked at the same time last year). • 88% of market expectations for 2004/05 sales now booked (92% same time last year) • Like for like forward bookings for the remainder of 2005 and for FY 2006 both show improvement of 10%+ on last year’s equivalent figures

ITE Group plc – Russia Moscow, St Petersburg Trading Update & Developments 13 • Moscow International Travel – space up 13% / revenue up 6% • Trans. Russia rebound from 3, 100 m² to 4, 600 m² • Competitive launch against Moscow Sports • Successful expansion of Mosbuild into Crocus in April • Crocus expands space to 90, 000 m² gross for 2006 • Location issue – Autosalon 2006

ITE Group plc - Central Asia Kazakhstan, Azerbaijan, Uzbekistan Trading Update & Developments 14 • Kazakhstan Oil & Gas event • - Exhibition expands into new pavilion • - Revenue up by 10% overall • 9 successful new launches in Caspian Region • Baku Oil & Gas acquisition well placed • Strong growth prospects in Uzbekistan

ITE Group plc - Ukraine, Turkey Trading Update & Developments • Acquired Informatica Technology & Public Health events grow 20% (m²) • Kievbuild growth 20% (m²) • Political instability affects Worldfood Ukraine • ITF: • Successful Auto Shows • Re – focussing of textile clothing show • New initiative for furnishing event 15

ITE Group plc - UK Trading Update & Developments 16 • Successful Spring Moda UK Event up 16% in sales (m²) • Fashion Extras title acquired – exhibition potential • RAS Publications integration – revenue targets achieved

ITE Group plc - Strategy 17 • More of the same…primary focus on organic growth in core markets • Excellent growth prospects in existing markets • Vigilence in existing key markets – no complacency • Close co-operation with venues in all markets • More m 2 on existing events • Active new launch program – New themes, established markets – Established themes, new markets • Opportunistic bolt-on acquisitions - Sector or market fit

ITE Group plc – Interim Results 31 March 2005 Appendices 18 I Shareholder structure II Gross profit by location III Gross profit by industry IV ITE’s Local infrastructure strength V Venue prepayments and loans VI International venue space VII Cash profile of Business VIII Cost of exhibiting

ITE Group plc – Shareholder Structure May 2005 • • • • • Aberforth Schroders Veronis Suhler Stevenson Fidelity Ceyda Erem Edward Strachan Merrill Lynch ESOT Scottish Widows Barclays Global Investors UBS Global Legal & General Threadneedle JP Morgan Fleming Old Mutual Other Management Other Institutions and individuals Total shares in issue Options in the money at 93. 5 pence Options on issue not in the money NB: Management including ESOT Management including options in the money 19 Appendix I % (millions) No of Shares 12. 4 12. 2 10. 7 7. 5 6. 8 5. 0 4. 4 3. 9 3. 8 3. 3 3. 2 2. 7 2. 1 2. 0 0. 1 17. 9 _____ 100% _____ 35. 7 35. 3 30. 9 21. 7 19. 5 14. 4 12. 5 11. 1 11. 0 9. 6 9. 3 7. 8 6. 0 5. 9 5. 7 0. 2 52. 2 _____ 288. 8 _____ 17. 3 15. 8% 20. 4%

ITE Group plc – Geographic Spread 2005 Pro-forma Gross Profit by Geographic Location of Event 20 Appendix II

ITE Group plc – By Industry 2005 Pro-forma Gross Profit by Industry Sector 21 Appendix III

ITE Group plc - ITE’s Local Office Infrastructure Strength Office Country Staff Appendix IV Events 2004 Moscow Russia 119 36 St Petersburg Russia 60 12 Kyiv Ukraine 66 22 Kazakstan 81 34 Tbilisi Georgia 6 4 Tashkent Uzbekistan 25 8 Baku Azerbaijan 21 10 Istanbul Turkey 34 4 Johannesburg S. Africa 10 2 Hamburg Germany 26 na Huddersfield UK 32 2 London / ROW 105 6 Total 585 140 93 12 Almaty Astana Atyrau ITF (50% owned) 22 Turkey

ITE Group plc - Venue Prepayments & Loans Appendix V Agreement Dates Loans and Commitments £m Moscow to 2010 - St Petersburg to 2012 1. 8 Almaty to 2010 0. 9 Uzbekistan to 2011 0. 1 Kyiv to 2011 Istanbul to 2025 Venue Related Other Loans Prague 1. 4 0. 1 _____ 4. 3 _____ 0. 7 _____ 5. 0 _____ 23

ITE Group plc – 24 International venue space Appendix VI

ITE Group plc – Cash Profile of Business Appendix VII For a typical trade exhibition Revenue • 20% • 40% 25 Costs 12 months out 6 -7 months out 2 -3 months out • • • 10% 25% 10% 45% Staff Promotion Venue Stand construction Gross Profit throughout 2 months out 0 months out

ITE Group plc – 26 Cost of exhibiting Appendix VIII