Euromoney Institutional Investor : Disposal

EUROMONEYINSTITUTIONALINVESTORPLC

ANNOUNCEMENTOFDISPOSAL 12February2018 

EuromoneyentersagreementtosellitsGlobalMarketsIntelligenceDivision(CEICandEMIS)

EuromoneyInstitutionalInvestorPLC("Euromoney"),theinternationalbusinessinformationandevents group,todayannouncesthatithasreachedabindingagreementtosellitsGlobalMarketsIntelligence Division ("GMID"), consisting of CEIC and EMIS, to a consortium of CITIC Capital Partners Management Limited ("CITIC Capital"), the private equity arm of CITIC Capital Holdings Limited, and Caixin Global Limited("Caixin"),("theConsortium"),foranequityvalueof$180.5million.

The sale is expected to complete by the end of April 2018, to allow for a smooth transition of the businesstotheConsortium.Theconsiderationwillbereceivedincashoncompletion.

Headquartered in Hong Kong, GMID is a leading provider of macroeconomic, company and industry intelligenceonemergingmarketswithastrongcustomerpresenceinChina,India,BrazilandCentraland EasternEurope,aswellasindevelopedmarkets.

For the year ended 30 September 2017, GMID reported an operating profit1 of £11.9 million ($15.1 million), as disclosed in the notes to Euromoney's 2017 annual accounts.  GMID's gross assets at 30 September2017were£45.3million.

Thesaleproceeds,netoftransactioncostsandtax,areexpectedtobeapproximately$145million.This will leave Euromoney in a net cash position at completion and will provide Euromoney with further capitaltorecycletowardsitsmaininvestmentthemes.

1Beforeexceptionalitemsandacquiredintangibleamortisation 

Andrew Rashbass, CEO of Euromoney, said: "This transaction is another example of Euromoney's strategyinaction:whereagoodbusinessisnotstrategic,wewillsellitandrecyclecapitaltowardsour maininvestmentthemeslikepricediscovery,assetmanagementandtelecoms.CITICCapitalandCaixin willprovideanexcellenthomeforthebusiness,whichAloisioParenteandthewholeteamhavedonea fantasticjobdevelopingaspartofEuromoney.Iamconfidentthatthebusinesswillthriveunderitsnew owners."

Aloisio Parente, CEO of GMID, added: "I am tremendously excited about the opportunities that this transactionwillaffordtoourbusiness,customersandstaff.BothCEICandEMIShavetraditionallyhada strongpresenceinandunderstandingofthekeydevelopingmarkets.Iamcertainthattherelationship with CITIC Capital and Caixin will help us to further enhance the value and reach of our services in all partsoftheworld."

YichenZhang,ChairmanandCEOofCITICCapital,said:"Weareveryexcitedtomakethisinvestmentin CEICandEMIS,whichareworldclassplatformsformacroeconomicandbusinessinformation.Together with Caixin, we look forward to working with the management team to continue growing the business anddevelopingitsglobalcustomerbase."

Shuli Hu,Publisher of Caixin Media,Chairwoman of Caixin Global, said:"We are optimistic about GMID's business and future.  Caixin will further leverage the rising global influence of China's economy,and combine stateoftheart technology with its authoritative information service and data offerings.WewilljoinforcestogetherwithGMIDtoprovideindispensabledataandinsightforoverseas anddomesticfinancialindustryprofessionalsandstakeholders."

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Ends

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Forfurtherinformation,pleasecontact:

EuromoneyInstitutionalInvestorPLC

ColinJones,FinanceDirector: +442077798666;cjones@euromoneyplc.com

FTIConsulting CharlesPalmer/EmmaHall:+442037271400;euromoney@fticonsulting.com CITICCapital CindyTam,Director,CorporateRelations:+85237106813;cindytam@citiccapital.com CaixinGlobal

LingMa:+861085905204;lingma@caixin.com

AboutEuromoneyInstitutionalInvestorPLC

EuromoneyInstitutionalInvestorPLC(www.euromoneyplc.com)islistedontheLondonStockExchange andisamemberoftheFTSE250shareindex.Itisaninternationalbusinessinformationgroupcovering asset management, price discovery, data & market intelligence, and banking & finance under brands includingEuromoney,InstitutionalInvestor,BCAResearch,NedDavisResearchandMetalBulletin.The groupalsorunsanextensiveportfolioofeventsforthetelecoms,financialandcommoditiesmarkets.

AboutCITICCapital

Foundedin2002,CITICCapitalHoldingsLimitedisanalternativeinvestmentmanagementandadvisory company. The firm manages over USD22 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance,andassetmanagement.CITICCapitalhasover130portfoliocompaniesthatspan11sectorsand employover820,000peoplearoundtheworld.

CITIC Capital's private equity arm, CITIC Capital Partners, focused on control buyout opportunities globally, has completed over 50 investments in the past years in China, Japan, U.S. and Europe. The privateequityarmcurrentlymanagesUSD4.6billionofcommittedcapital.Formoreinformation,please visitwww.citiccapital.com

AboutCaixinGlobal

CaixinGlobalisoneofthemostrespectedsourcesofmacroeconomics,financeandbusinessintelligence about China.  Affiliated with Caixin Media, China's most independent and professional news outlet, Caixin Global provides news, intelligence and data tailored for industry professionals, China watchers, businessleaders,policymakersandinternationalinstitutions.ItoffersitsEnglishnewsviaa24/7digital andmobileplatform(caixinglobal.com),andpublishesaweeklydigitalmagazineandabimonthlyprint magazine that is distributed in financial centres in the U.S., Hong Kong, Singapore and Zurich. In collaborationwiththeleadingfinancialservicesprovider,CaixinInsight,CaixinGlobal'sintelligencearm offers policy analysis, industry monitoring, data services, and indepth research with indispensable insightsaboutChineseeconomicpolicyanditsfinancialmarkets.

Advisors

HSBC Bank plc ("HSBC") is acting as financial adviser to Euromoney.  HSBC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential RegulationAuthorityintheUnitedKingdom,isactingforEuromoneyandnooneelseinconnectionwith thedisposalandwillnotberesponsibletoanyoneotherthanEuromoneyforprovidingtheprotections afforded to clients of HSBC, or for giving advice in connection with the disposal or any other matter referredtoherein.