Berkery, Noyes & Co. advises Reed Elsevier Inc. in its sale of R.R. Bowker LLC to Cambridge Scientific Abstracts, L.P.

NEW YORK, September 4, 2001 — Joseph Berkery, President of Berkery, Noyes & Co., announced today that his firm represented Reed Elsevier Inc. in its sale of R.R. Bowker to Cambridge Scientific Abstracts, L.P.

The transaction was completed on August 31, 2001. R.R. Bowker is the nation’s leading provider of bibliographic reference information primarily for the library and book retail sectors. The Company publishes the well-known Books in Print, Ulrich’s Periodical Directory, Literary Marketplace and American Library Directory.

Berkery, Noyes specializes in investment banking for the information, publishing and communications industries. Among the most recent transactions completed by Berkery, Noyes are: the sale of Mayfield Publishing Company to The McGraw-Hill Companies, The Thomson Corporation’s divestiture of Institutional Shareholder Services to Proxy Monitor, Inc., John Wiley & Sons’ purchase of selected higher education textbooks from Pearson Education, and the sale of Audio Adventures to Haights Cross Communications.

Berkery, Noyes & Co. clients range from small firms, often seeking a buyer, to most of the major international information companies, who use the firm’s expertise in locating, analyzing and negotiating with acquisition candidates, as well as in managing divestitures. The firm operates with a staff of twenty-two professionals serving the publishing industry from offices in New York, Boston, San Francisco and Frankfurt, Germany.