Final agreement on sale of Bohn Stafleu Van Loghum


Wolters Kluwer announced today that a final agreement on the sale of Bohn Stafleu van Loghum has been reached. After consultation with the Works Council and the regulatory authorities, the on September 25, 2002 announced deal has been finalized. As from today the Utrecht-based PCM Algemene Boeken, part of PCM Uitgevers, is the new owner. Financial details of the deal will not be disclosed.
The Dutch-language healthcare publisher Bohn Stafleu Van Loghum (BSL). BSL, based in Houten, the Netherlands, generates annual sales of approximately EUR 30 million and employs more than 130 staff. Bohn Stafleu Van Loghum is the leading multi-media publisher in the Netherlands for professionals active in the health sector, including: general practitioners, specialists, dentists, paramedical staff, nurses, doctors, as well as mental welfare and social workers. Alongside traditional products such as books, magazines and newsletters, its product range is also comprised of professional courses, workshops, electronic products (CD-ROMs), online databases and internet services.
 
The sale of BSL is a result of the sharpened portfolio of Wolters Kluwer Legal, Tax & Business Europe. LTB Europe will, as announced in August last year, focus its activities on six customer segments with a highly regulatory content: legal; fiscal/financial; human resources; public & government administration; health, safety & environment (HSE) and transport. As a consequence, Wolters Kluwer will only invest its resources in activities that fit within these segments. Integrating the Dutch-language healthcare publisher into Wolters Kluwer's Health cluster was not an option because Wolters Kluwer Health focuses on global health markets. Wolters Kluwer, therefore, decided to find another home for BSL.
Note for the editor:
Wolters Kluwer is a multinational information services company with annual revenues of more than EUR 3.8 billion, employing 20,000 people in Europe, North America, and Asia Pacific. The company's core activities are Legal, Tax & Business, Health, and Education. The Wolters Kluwer shares are quoted on the Euronext Amsterdam. Preliminary results will be announced in January 2003. The financial results for the year 2002 will be announced on March 11, 2003.

Internet: www.wolterskluwer.com

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Analysts/Investors: Oya Yavuz, tel. +31 20 6070 407
e-mail: ir@wolterskluwer.com (investor relations)
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