Information Holdings Inc. Acquires Parthenon Press

Business Wire, May 15, 2001

Business Editors

NEW YORK--(BUSINESS WIRE)--May 15, 2001

Information Holdings Inc. (NYSE: IHI) today announced that it has acquired Parthenon Publishing Group Ltd. ("Parthenon") for cash consideration of approximately $8 million. Parthenon will become part of CRC Press, IHI's scientific reference business.

Parthenon, based in the United Kingdom, is a leading provider of medical and environmental reference products. Parthenon produces a wide range of books, journals and electronic products covering environmental topics and 35 medical subject areas.

In fiscal 2000 Parthenon had revenues of approximately $7 million and pro forma EBITDA (earnings before interest, taxes, depreciation, and amortization) of approximately $1 million. Its prospective results will be consolidated with IHI from the date of acquisition.

About Information Holdings Inc.

Information Holdings Inc. is a leading provider of information products and services to scientific, technical, medical, intellectual property and IT learning markets. Through its Intellectual Property Group, which includes MicroPatent(R), Master Data Center(TM), IDRAC(R), and LPS Group, the Company provides a broad array of databases, information products and complementary services for intellectual property and regulatory professionals. The Company is recognized as a leading provider of intellectual property information over the Internet. The Company's CRC Press(R) business publishes professional and academic books, journals, newsletters and electronic databases covering areas such as life sciences, environmental sciences, engineering, mathematics, physical sciences and business. The Company's Transcender(R) unit is a leading online provider of IT certification test-preparation products. Its products include exam simulations for certifications from major hardware and software providers. Information Holdings Inc. is listed on the New York Stock Exchange and trades under the symbol IHI.

This press release includes statements which may constitute forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings.