PORTLAND, OR, March 6, 2006—Macmillan India announced the acquisition of 100% equity stake in ICC Macmillan (ICC), a U.S.-based company. Macmillan informed the Bombay Stock Exchange (BSE) that it signed definitive agreements for purchase of the company.

The acquisition will enable the company to quickly enhance its presence in the U.S. and to contribute to increased revenue growth in the North American region. With ICC’s in-depth experience in producing fine quality K-12, college and trade books combined with Macmillan’s years of experience in journal, Web, and multimedia production, ICC Macmillan will truly be a one-stop shop.

ICC Macmillan’s clients include McGraw-Hill, Pearson Education, Microsoft Learning, Houghton Mifflin, Thomson Learning, Elsevier, Wiley, Blackwell, Oxford University Press, and more.

The newly combined company will have access to U.S.-based project managers, salespeople, and a vast number of professional editorial freelancers. Coupled with the cost benefits of having India-based production, ICC Macmillan believes it will truly be the leader in the book and journal production market. Production facilities are located in New Delhi, Bangalore, and Chennai.

Rajiv Beri, MD, of Macmillan India, said, “This is a strategic acquisition as it enables us to achieve two major objectives of having a significant presence in the U.S. and acquiring premier U.S. book publishing customers, and also places us in the big league of full service providers in the book publishing market.”

Commenting on the acquisition, ICC president Scott Johnson said, “We are sure that the financial and technology strengths of MIL and the market knowledge of ICC will combine to make us the leading players in the U.S. We are truly excited and optimistic about our future prospects.”

ICC has a wholly owned subsidiary in New Delhi, which employs 325 staff and provides high quality typesetting and other services to major publishers in the U.S. The U.S. office of ICC has 17 employees.

About ICC

With three decades of experience in traditional publishing, ICC’s expertise and services have grown along with the industry. ICC is adept at composition, illustration, editorial, and new media services, specializing in complex and technical subject matter including science, engineering, mathematics, and foreign languages. With a staff of more than 300 full-time employees in Portland, Oregon, and New Delhi, India, ICC has the skills, technology, and capacity to handle traditional publishing and e-publishing projects of varying complexity and volume. ICC serves the K-12, college, and professional/trade publishing market.

About Macmillan India Ltd

Macmillan India Ltd, 61% owned by Verlagsgruppe Georg von Holtzbrinck in Germany, was established in 1893. The company operates in the areas of publishing, information processing, and e-business. A highly trained staff, qualified professionals, and quality consultants are all part of the over 2,000 person strong Macmillan India family. Macmillan India is best known for its school and higher education textbooks, reference books, and general nonfiction titles. It is the market leader in English language teaching publications, having built strong relationships with over 20,000 schools in India. Macmillan India’s information processing division is world-renowned for its typesetting and originating services. Macmillan has built one of the most comprehensive skill sets in the capture, conversion, and structured output of data for scientific journals for foreign publishers over the last two decades. The company has one of the largest and most advanced scientific and mathematical typesetting facilities in the world. See http://www.macmillanips.com for more information.

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