Oxford & London, UK - April 8th, 2004 - Blackwell Publishing Ltd and BMJ Publishing Group Ltd announced today that they have finalized the sale of BMJ Books, the book-publishing arm of BMJ, to Blackwell. The van Tulleken Company represented BMJ Books.

"Blackwell has a history of providing the medical community with a comprehensive collection of high-quality medical books. The addition of BMJ titles only strengthens the scope of Blackwell's service to clinicians world-wide, and demonstrates our commitment to growth in medical publishing," said Ren� Olivieri, CEO of Blackwell Publishing. "As this transfer moves forward, Blackwell will further the high service standards set by BMJ, reinforcing the strength of publishing excellence for which Blackwell is known."

Richard Smith, editor of the BMJ and Chief Executive of BMJ Publishing Group Ltd said, "This decision has not been easy to make, but it is no longer feasible for us to continue an extensive book publishing business. We have published great books of which we are proud but our cost structure has meant that we could not produce the return on the business that we hoped for. " The sale, undertaken in consultation with union representatives and BMJ employees, follows a strategic review by the company to focus on core activities of journal publishing and developing educational materials for doctors, such as Clinical Evidence and BMJ Learning. "I assure all BMJ Book customers that Blackwell will provide the same superior level of service to which they are accustomed," Smith said. "The books will retain the BMJ Books imprint alongside that of Blackwell and, given Blackwell's international sales operation, we are confident that more books bearing our imprint will be sold."

Each year, Blackwell publishes over 100 books and 350 journals in medicine, biomedicine and allied health. The acquisition of BMJ Books brings 328 additional titles to specialities such as pediatrics, accident and emergency medicine, anesthesia and intensive care, cardiology, and evidence-based medicine will be added to the Company's collection. The List includes the ABC Series (reference books for researchers, clinicians, and health professionals) and a developing list of evidence-based textbooks, all of which complement Blackwell's existing Lecture Notes, At a Glance, and Blueprints series of books. "As the leading society publisher, Blackwell is confident that our expertise will help build the BMJ brand in book publishing." Titles from BMJ will carry the imprints of both BMJ Books and Blackwell Publishing as part of the sales agreement.

About Blackwell Publishing: Blackwell Publishing is the world's leading, independent society publisher with offices in the UK, US, Australia, Japan, Denmark, and Germany. Blackwell publishes over 700 journals in partnership with more than 550 academic and professional societies. This year alone, Blackwell will publish over 600 text and reference books across a wide range of academic and professional subjects.

About BMJ Publishing Group: BMJ Publishing Group is a wholly owned subsidiary of the British Medical Association. One of the world's largest and most influential medical publishers, the BMJ Publishing Group is most famous for its flagship journal, the British Medical Journal, established in 1840. It also publishes Clinical Evidence - the international source of the best available evidence for effective health care and over 20 specialist journals.

About The van Tulleken Company: The van Tulleken Company advises corporate clients on mergers and acquisitions in the publishing and information industries. With offices in London and New York, clients include some of the largest international publishing companies as well as smaller and medium-sized firms in the United States, the United Kingdom and Continental Europe.