VNU TO PRESENT STRONG CASE FOR PRIVATE- EQUITY OFFER AT TODAY’S EGM

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Overig advies 18/04/2006 16:42
VNU N.V. (ASE: VNU), a leading global information and media company, said it will make a compelling and thorough case for why the private-equity offer for VNU is the best course for the company’s stakeholders in a presentation today during an Extraordinary General Meeting (EGM) of VNU shareholders in Amsterdam.

The presentation is being made available on the company’s Web site at 4:00 p.m. (CET), the starting time of today’s EGM at Hotel Okura Amsterdam, Ferdinand Bolstraat 333.

The presentation focuses on the process that led to the offer, VNU’s business performance and prospects, a review of alternatives, and the valuation of the offer. The company noted that the presentation shows that previously disclosed pricing and consolidation issues affecting its Marketing Information group had a negative impact on the group’s EBITDA of EUR 15 million in 2004 and EUR 31 million in 2005.

VNU said that the EGM will allow shareholders to review the facts of the Offer, and give them an opportunity to discuss the Offer with the Supervisory and Executive Boards so that they will be able to make a well-informed decision by May 5, 2006, the end of the tender period.

The company reiterated that the EUR 28.75 all-cash offer represents the best alternative for VNU shareholders:

20% premium over the two- year average share price
23% premium to the unaffected share price of EUR 23.25
13.3x 2005 EBITDA and 18.9x 2005 EBITDA (minus Capex)
Delivery of cash to shareholders as early as mid-May
Fully values three-year growth and cost savings projections, and eliminates execution and timing risks of both
This is a release in accordance with section 9b of the Dutch Securities Trading Supervision Decree (Besluit toezicht effectenverkeer 1995).

About VNU
VNU is a global information and media company with leading market positions and recognized brands in marketing information (ACNielsen), media measurement and information (Nielsen Media Research) and business information (Billboard, The Hollywood Reporter, Computing, Intermediair).

VNU is active in more than 100 countries, with headquarters in Haarlem, the Netherlands, and New York, USA. The company employs nearly 41,000 people. Total revenues were EUR 3.5 billion in 2005. VNU is listed on the Euronext Amsterdam (ASE: VNU) stock exchange. For more information, please visit the VNU web site at www.vnu.com.




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