1

2001 INTERIM RESULTS

ANALYST PRESENTATION

Market Research News Distribution

Professional Media

2

Very tough trading conditions

High tech ad decline / US economic slowdown

Revenue down 4%

Operating profit & EPS down 38%

£60m savings secured for 2001: £15m impact in

H1

Market share gains in all core businesses

Financial & Operational Financial & Operational SummarySummary

3

£250m cash balance after £1.25bn share buy back

Building market leading positions

Revenue and cost synergies from group operations

Acquisitions: total $150m

PRN: Cyperus ANP

NOP: Allison Fisher Roper Starch

Development SummaryDevelopment Summary

4

$88m : 1.3 times 2000 revenue of $69m

Leading consumer trends consultancy

Consumer, healthcare, automotive, IT, financial

50/50 syndicated Vs custom

Significant costs & revenue synergies

New growth opportunities

Roper products to new geographies and markets

NOP World products to Roper client base

Earnings accretive in first full year

Acquisition of Roper StarchAcquisition of Roper Starch

5

UBM aims to become a key provider of market information to high growth sectors including

Information TechnologyHealthcareMedia

United’s StrategyUnited’s Strategy

6

Events & Conferences

Syndicated Research

Customised Research

Consultancy Services

United PresenceUnited Presence

ITIT HealthHealth MediaMedia

Editorial & Advertising

Educational & Training

News Distribution & Monitoring

7

CMP June in line with expectations

Not planning on recovery in US in 2001

Quality of CMP titles maintains yield and boosts market

share

Market research good progress

Healthcare and syndicated buoyant

News distribution revenues ahead

profits checked by higher investment

2001 savings of £60m weighted to H2

Continued investment in new products

Current Trading & OutlookCurrent Trading & Outlook

8

2001 INTERIM RESULTS

FINANCIAL REVIEW

Market Research News Distribution

Professional Media

9

489.4

31.3

90.8

(19.1)

71.7

11.0

Continuing turnover (£m)

Continuing operating profit (£m)

Interest (£m)

Post Interest Cont’ op’ profit (£m)

Discontinued operating profit (£m)

PBT * (£m)

EPS * (p)

Dividend per share (p)

Financial Results Financial Results Six mSix months to 3onths to 30 June0 June

2001 2000 Change %

511.6

95.6

(39.8)

55.8

82.0

137.8

18.8

11.0

(4.3)

(37.8)

-

62.7

-

(48.0)

(37.2)

-

11.8

59.5

*before exceptionals and amortisation of intangibles

10

35.4

21.2

10.6

6.0

(13.7)

(19.1)

302.3

66.9

76.1

29.2

14.9

1.3

Profit & LossProfit & Loss Six mSix months to 3onths to 30 June0 June

(49.9)

1.0

7.1

(33.9)

(16.7)

(3.8)

(37.8)

-

2001£m

2001£m

Group Turnover Operating ProfitChange

%Change

%Underlying

%Underlying

%

Professional Media

News Distribution

Market Research

Business Services

Consumer Media

Online

Total Continuing

Discontinued

(51.4)

(3.9)

5.4

(36.1)

(16.7)

(2.8)

(39.4)

-

(12.3)

1.9

7.9

(7.4)

(7.9)

(29.9)

(8.3)

-

(9.2)

11.1

13.9

(3.2)

(7.9)

(25.9)

(4.3)

-

445.3 67.2

489.4 59.5

• Offline Margin 15.4% (22.1%) •

11

210.4

24.1

67.8

25.9

9.1

0.4

11.7

Professional MediaProfessional MediaSix mSix months to 3onths to 30 June0 June

2001£m

2000£m

Change%

UnderlyingUnderlying%%

Turnover

CMP Media

CMP Asia

CMP Information

Total

Operating Profit

CMP Media

CMP Asia

CMP Information

Total

Margins %

(17.9)

1.1

5.0

(12.3)

(57.0)

(4.3)

(86.7)

(51.4)

(12.2)

1.7

(2.3)

(9.2)

(55.8)

16.7

(90.7)

(49.9)

239.7

23.7

69.4

332.8

58.6

7.8

4.3

70.7

21.2

302.3

35.4

1231.7

News DistributionNews Distribution Six mSix months to 3onths to 30 June0 June

2001£m

2000£m

Change%

Underlying%

Turnover

US

RoW

Operating profit

US

RoW

Margins %

52.5

7.7

60.2

18.8

2.2

21.0

34.9

11.1

1.0

1.9

(3.9)

66.9

21.2

56.4

10.5

20.4

0.8

1313.9

Market ResearchMarket Research Six mSix months to 3onths to 30 June0 June

2001£m

2000£m

Change%

Underlying%

Turnover

US

RoW

Operating profit

US

RoW

Margins

40.6

26.2

66.8

7.3

2.6

9.9

14.8

13.9

7.1

7.9

5.4

76.1

10.6

44.4

31.7

7.6

3.0

14

United TodayUnited TodaySix mSix months to 3onths to 30 June 20010 June 2001 Continuing offline turnoverContinuing offline turnover

By Ad % / Non-Ad %By Ad % / Non-Ad %

High Tech Advertising = 17% profits

26

15

59

HighTechAd’

Other Ad’

Non Advertising

15

1,553.0

(1,250.5) 61.7

(53.0)36.1

28.0 (20.1) (56.8)

(18.5)(29.2)

250.7

Opening cash

Less return of capitalB shares outstandingInvestmentsInterest receivedProfit less net working capitalCapexDividend paidTax paidOther

Closing cash

CashflowCashflowSix mSix months to 3onths to 30 June0 June

2001£m’s

16

2001 INTERIM RESULTS

Operating Review

Market Research News Distribution

Professional Media

17

Saved £15m in H1

Secured £60m in 2001

700 staff, or 9% headcount reduction

A third of savings relate to staff

Reductions also include

• Marketing, CMPnet structure

• Office consolidation, administration, systems

Substantial group initiatives in hand for 2002/03

Action on Costs Action on Costs Group WideGroup Wide

18

REVENUE

Share client database for cross promotion and selling

• NOP uses database to create panels

Best practice

• PRN sales training to NOP

• PRN news distribution & webcasting for all tradeshows

COSTS

Central review: economies of scale and remove duplication

Single networks and common webhosting

Standard group applications, shared IT services

Synergies From Group Synergies From Group OperationsOperations

19

79

14

70

72

71

14

47

56

Professional MediaProfessional MediaSix mSix months to 3onths to 30 June0 June

Publications%

Events%

Turnover

CMP Media

CMP Asia

CMPi

Total

Operating Profit

CMP Media

CMP Asia

CMPi

Total

21

86

30

28

29

86

53

44

20

Monthly Market Share AnalysisBy Ad Page Volumes

January - December 2000(Based on Ad Pages)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Janu

ary

Febr

uary

March

April

May

June July

Augu

stSe

ptem

ber

Octob

erN

ovem

ber

Dec

embe

r

Jan-01

'Feb

-01

'Mar 01

'Apr 01

'May

01

'Jun 01

29.5% CMP

8.9% Ziff10.4% IDG

10.5% Cahners

5.5% Penton

Source: IMS/Auditor

CMP – High TechCMP – High Tech

2001

Ad Page Volumes in JuneCMP Down 24%Ziff Davis Down 39%IDG Down 52%

21

Professional Professional Media Media

CMP Media Yield maintained

Quality of Brands Reinforced

Launch programme: up to $10m

Launch 2 new publications in autumn

• Extend proven brands to new markets

Digital database

• Launch platform for new products

Inside Magazine

M Business on target

22

Professional Professional Media Media

No change in number of advertisers

Cut backs in level of advertising

Revenue from top 25 broadly as in 2000

Medium & smaller companies reduced

Resilience of core client business

Demonstrates quality of CMP brands

23

Market share: net gain of 70 listed companies

Underlying revenue ahead

US revenue per message up 12%

Reg FD driving message length, secured price increase

US message volume down 12%Earnings releases up 9% / Reg FD helps trading updates up over 50%M&A, IPO’s and New products all down approx 40%

Downturn in discretionary masking significant underlying growth in non-discretionary business

Measuring & monitoring now 13% (11%) of revenue

News Distribution News Distribution

24

Increasing market share

NOP UK revenue growth firmly ahead of UK market

MRI performing strongly, increased client base

Healthcare buoyant, new products

E-market for pharmaceuticals

Sales Force Assessor

MMI & ePocrates strategic alliance

DTC e-monitor

Market Research Market Research

25

Costs cut

Short term mitigation

Drive synergies

Shared infrastructure

New revenue streams & new products

Integration of acquisitions

Continuing to invest to drive market share

Operating SummaryOperating Summary

Tough market

Firm action on costs

Market share gains in all businesses

Investing to drive future revenue growth

and take further market share

27

2001 INTERIM RESULTS

Market Research News Distribution

Professional Media

28

United TodayUnited TodaySix mSix months to 3onths to 30 June0 June Continuing offline by %Continuing offline by %

20012001

64 1416

TurnoverTurnover Operating ProfitOperating Profit

4829

14