ITE will be publishing its Interim report for the six months ended 31 March 2001 on 30 May 2001.

Prior to this announcement, the board has made a considered assessment of the impact of the Turkish financial crisis on the overall results of the Group. As a result of acquisition activity over the past two years Turkey has become the second most important location for ITE after Russia & CIS.

The Turkish economy has come under increasing pressure following the significant devaluation of the Turkish lire in February. This has been mainly reflected in a crisis in customer confidence leading to the postponement of exhibitions plus a reduction in forward contracted bookings and the yields achieved on business gained. Further, the downturn in the technology sector has also resulted in slower sales than previously anticipated.

The board takes the view - due principally to the fact that there is unlikely to be short term recovery in the Turkish situation - that headline profit before amortisation of goodwill, tax, compensation paid to directors and exceptional items is unlikely to exceed last year's figure of �13.4m. Further, a review as to whether an exceptional charge against profit for any possible impairment of goodwill or write down of carrying value of investments will be undertaken.

Nevertheless, ITE reports continuing strong trading conditions in its key Russian events, with construction sectors being particularly successful.

The company's cash position remains strong - net cash of �20m at end March 2001. The board wishes to refocus management on the fundamental drivers of the business - sales, quality product and customer service. Current economic conditions position the company well for further growth by acquisition, and to pursue its strategy to move ITE into becoming a more broadly based media business-to-business group.

ITE Group Plc	Phone: +44 20 7596 5000
Lawrie Lewis
Buchanan Communications	Phone: +44 20 7466 5000
Richard Oldworth / Isabel Petre