May 17, 1999 — Pearson plc, the international media company, has agreed the first of the planned disposals of a number of its reference and business & professional publishing operations. Medical publisher, Appleton & Lange, is to be sold to The McGraw Hill Companies for $46m.

About Appleton & Lange

Appleton & Lange publishes medical texts, periodicals, software and custom education products for the academic, clinical and consumer marketplace.

About The McGraw-Hill Companies

McGraw-Hill is a leading information provider. The company publishes Business Week and many other consumer and trade magazines. Subsidiary Standard & Poor’s is a leading furnisher of corporate credit ratings and also publishes directories of corporate information.