Taylor and Francis announce acquisition of Frank Cass & Co

["Beverley Acreman" <Beverley.Acreman@tandf.co.uk>]

**With Apologies for Cross Posting**

28 July 2003, London UK

Taylor & Francis announces the acquisition of Frank Cass & Co

Taylor & Francis (www.tandf.co.uk <http://www.tandf.co.uk>)announced today
that it has acquired Frank Cass & Co Limited (www.frankcass.com
<http://www.frankcass.com>), the London based journal and book publisher
specialising in the social sciences and humanities subject areas.

Founded by Frank Cass in 1957, the Company is a leading publisher of
academic journals and books in the specialist areas of politics,
international relations, history, sports studies, military science and
development studies.  Cass publishes more than 60 journals and 100 new
book titles per year and has a backlist of more than 2,000 book titles.

The Cass titles will complement the Group's existing social sciences and
humanities portfolios.  The Cass publications have good growth potential
as part of a larger group and will benefit from Taylor & Francis'
international customer base and its traditional and electronic publishing
expertise.

Commenting on the acquisition David Smith, Chief Executive of Taylor &
Francis Group plc said:

"The high quality Cass titles will complement our existing social sciences
and humanities lists, making a good fit with Taylor & Francis and the
addition of more than 60 journals to the Taylor & Francis portfolio is
particularly attractive. I am also pleased that the principal vendors,
Frank Cass, Stewart Cass and Hayley Cass will continue in the business."

Frank Cass, the business' founder, added:

"Over the years we have received regular approaches from publishers both
in the UK and USA but until now have preferred to develop as an
independent publisher.  Having enjoyed cordial competitive relationships
with the Taylor & Francis Group over many years, and considering the
complimentary nature of our book and journal publishing, we decided to
accept the offer to join the Taylor & Francis Group, who we consider to be
the best partner to sustain and enhance the quality of service, reach and
commitment that our authors and customers expect.  I am delighted that we
were able to reach agreement and look forward to playing an active role in
the integration of the Company and the continued development of the
business within the Taylor & Francis Group."

Customer Services/Online Journals

We will be working closely with our new Cass colleagues to address
customer service, online journals and other related issues, and in the
meantime, your contacts at T&F and Cass remain unchanged.  We will be
working to make the Cass titles available via our MetaPress and Ingenta
platforms from January 2004.  We will endeavour to give you all as much
notice as possible of any further changes that may be made, and to work
with you to minimise any disruption or inconvenience.

Should you experience any difficulties or if you have any questions,
please do not hesitate to contact me at [mailto:bev.acreman@tandf.co.uk]

Bev Acreman

Marketing Director
Taylor & Francis Ltd