INM PLC Statement re Possible Sale of Wilson & Horton

Independent News & Media PLC advises that it is in discussions with APN News & Media Limited in relation to the possible sale of Wilson & Horton Limited. No decision has been made whether or not to proceed.

Ends. Thursday, 25th October 2001

For Reference: James J Parkinson Independent News & Media PLC Tel: +353 - 1 - 466 3200

Pauline McAlester/Jim Milton Murray Consultants Tel: +353 - 1 - 663 3332