Annual Report to Shareholders 1997

Review of Operations
5 - USA Acquisition

The acquisition after year-end of the Farm Progress group expands Rural Press Limited into arguably, the world's most extensive agricultural information provider.

When combined with our existing operations based in Raleigh, North Carolina, the Group occupies the leading market position in USA agricultural publishing with comprehensive coverage of every farming State. Farm Progress publishes superior quality magazines, has a valuable data base marketing facility and is a leading farm show operator.

The acquisition will allow the transfer of the latest agricultural editorial information from the largest agricultural marketplace for Rural Press; it will provide a countercyclical benefit to any seasonal downturns in Australia and New Zealand.




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