EXP Expomedia Grp

RNS Number:5825K
Expomedia Group PLC
24 December 2007

                                                                24 DECEMBER 2007





                              EXPOMEDIA GROUP PLC

                          ("Expomedia" or the "Group")




              Expomedia enters into Agreement with Fortis Bank to
                  Develop Additional Venue Space in Warsaw



The Board of Expomedia, the AIM quoted media group with interests in
exhibitions, conferences, venue management and related publishing, is pleased to
announce it has completed an investment agreement with Fortis Lease Polska Sp. Z
o.o. ("Fortis") to develop additional venue space adjacent to its Warsaw
Exhibition Venue (Expo XXI). Fortis is the Polish property development division
of Fortis Bank, a major European financial institution.


Fortis will construct a 4,000 sq meter exhibition and event hall. Following this
expansion, the Group's Warsaw venue will have a total of 14,000 square meters of
exhibition space.


Under the terms of the agreement, Fortis will acquire a 7,800 square meter plot
of land owned by the Group for Euro2.4million. Expomedia acquired this land in 2005
at a cost of Euro1.5million.


The total cost of the development  by Fortis will be capped at Euro8million.A
subsidiary of the Group, Warsaw International Expocentre Sp. Z o.o, will then
lease the finished venue for 15 years at an annual rent of approximately
Euro600,000. At the end of the lease term, the Group can purchase the venue for
Euro3.9 million.


The proceeds of the disposal of the land will be used to repay existing bank
borrowings of Euro1million, and to provide funds for acquisitions and further
expansion in the Group's core markets of Russia, India, Germany, Poland and the
UK.


Commenting on the news Chief Executive of Expomedia, Mark Shashoua said: "We're
delighted at this agreement. Expomedia will benefit both from the additional
space at its Warsaw venue, and from the proceeds of the disposal, following
today's completion with Fortis.



"Since joining the EU, Warsaw has experienced a significant increase in demand
for exhibition and event space. The existing venue in Warsaw is close to maximum
capacity during peak times and this expansion will meet its growing requirement
for space."



                                    --ENDS--



Enquiries:



Expomedia Group Plc                                   Tel: 020 8386 0070

Mark Shashoua
Darra Comyn



Charles Stanley Securities (Nominated Adviser)        Tel: 020 7149 6000
Mark Taylor
Freddy Crossley


Bishopsgate Communications Ltd.                       Tel: 020 7562 3350
Dominic Barretto
Sophie Davis



Notes to Editors

Expomedia Group plc is an international, pro-sumer media group with interests in
exhibitions, conferences, venue management and related publishing. Expomedia's
aim is to acquire, develop and then clone events into its core territories, many
of which are in partnership with some of the world's leading media groups.
Expomedia currently concentrates on its core territories of Poland, Russia,
India, UK, Germany and Hungary and has licensed its brands into Croatia, France,
Spain and Serbia.  Expomedia Group has publishing interests through its
subsidiary Mash Media Group Ltd, publishers of Exhibition Bulletin, Exhibition
News, Exhibition World and Conference News amongst others.



For more details visit: www.expomediagroup.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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