STATEMENT FROM BLACKWELL LIMITED (fwd)

[Ann Okerson <ann.okerson@yale.edu>]

Of possible interest to many on this list.  Thanks to Philip Blackwell
for sending this message along.  The Moderators

---------- Forwarded message ----------
Date: Fri, 1 Feb 2002 18:05:53 -0000
From: philip@blackwell.co.uk
To: aokerson@pantheon.yale.edu
Subject: FW: STATEMENT FROM BLACKWELL LIMITED

***

STATEMENT:

	The Board of Blackwell Limited, the global leader in academic
bookselling and library supply, assembled today for a routine scheduled
meeting. Following the meeting the following statement was agreed -

	"The Board welcomed the assurance made by Julian Blackwell that it
has never been his intention to table a motion seeking to utilise the
Blackwell Limited shareholding in Blackwell Publishing in a move to change
its Board and thereby to precipitate a sale of Blackwell Publishing. It
also welcomed the plan for BPL to appoint a financial advisor. It would be
inappropriate for the Board of Blackwell Limited to take a hypothetical
position at this stage as the debate on capital structure has only just
begun. But we welcome the strategy of the Blackwell Publishing Board to
deliver long-term value of our investment".

	If you wish to authenticate the substance and authority of this
message please feel free to call me on 01865 333205 / 07785-525941. Be
advised, however, that I shall make no additional comment.

	Philip Blackwell
	C.E.O.
	Blackwell Limited

	Tel: + 44 (0)-1865-333205
	fax: +44 (0)-1865-333991
	mobile: +44 (0)-7785-525941
	e-mail: philip@blackwell.co.uk <mailto:philip@blackwell.co.uk>
	http:\\www.blackwell.co.uk <http:\\www.blackwell.co.uk>

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