RNS Number:4545T
Tarsus Group PLC
19 December 2003


                                                                19 December 2003

                        TARSUS GROUP PLC ("the Company")

                                    DISPOSAL


Tarsus Group plc announces that it has agreed to sell its loss-making French
magazine division to Action Commerciale SAS.

Through its subsidiary Groupe MM SA and its associate MMStar SA, (35% owned by
Groupe MM SA) the Company will sell the goodwill and intellectual property
related to the following magazines: Marketing, Marketing Direct and Centre
d'Appels together with their related websites and awards events. As a result of
this transaction 29 staff will leave the Company, representing 42% of the total
headcount of the French operation.

The Company will receive Euro1 and enter into a 5-year agreement whereby Action
Commerciale will provide advertising and editorial support for Tarsus's
exhibitions in France. Tarsus and MMStar have also agreed to pay Action
Commerciale up to Euro450,000 to meet future obligations of the magazine division.

In the year ended 31 December 2002, the French magazine division of Groupe MM
(including its share of its associate) generated revenues of Euro3,351,000, and
made a loss before tax of Euro410,000. The value of the net assets being
transferred is Euro450,000 (being the cash to fund the future obligations). The
directors believe that the disposal will be earnings enhancing in the first full
year after the disposal.

Commenting on the disposal, Douglas Emslie, Group Managing Director of Tarsus,
said:

"This is a watershed event for our French operation, transforming its
profitability and allowing our new management team to focus on growing our core
exhibition and directory business, whilst retaining our integrated media
approach".

For further information:

Douglas Emslie
Group Managing Director
Tel: 020 8846 2700




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