Tarsus acquires stake in CYF Fuarcılık (Turkey)

Tarsus Group plc, the international business-to-business media group, has agreed to acquire Turkish exhibition organiser CYF Fuarcılık A.Ş. (“CYF”) for a maximum consideration of TL18 million (approximately £6.2 million). CYF will be acquired by IFO, a 75% owned subsidiary of Tarsus, and represents a significant bolt-on acquisition to the Group’s Turkish division.

The acquisition also completes the Group’s Project 50/13 strategy, whereby 50% of Tarsus’ revenue
will be sourced from the Emerging Markets by 2013, more than a year ahead of schedule and will
enable the Group to increase the pace of its future earnings growth.

For the full press release click Tarsus