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CNBC AND INSTITUTIONAL INVESTOR ANNOUNCE EXCLUSIVE COLLABORATION

ENGLEWOOD CLIFFS, N.J., February 22, 2011— CNBC, First in Business Worldwide, and Institutional Investor, today announced a strategic collaboration to produce content, proprietary research and conferences.

Under the terms of the agreement, CNBC and Institutional Investor will create an annual investor conference. The first conference is scheduled for September 14, 2011 in New York City. Agenda and details to be announced.

In addition, as part of an exclusive editorial collaboration, Institutional Investor will provide CNBC with customized content for distribution across CNBC’s platforms. CNBC’s unparalleled and in-depth financial news and analysis will also be distributed to Institutional Investor’s high-end institutional audience. CNBC and Institutional Investor will also develop joint proprietary research and create unique co-branded content tapping into CNBC and Institutional Investor’s various assets, brands and experts.

“This collaboration combines the resources of two prestigious global organizations and allows CNBC to further engage the institutional investing industry’s thought-leaders and highly-regarded academics,” said Mark Hoffman, CNBC President. “CNBC is always looking for new ways to provide more premium content and analysis and this alliance with Institutional Investor is a testament to CNBC’s commitment to its investor-focused audience.”

“We have made a reputation challenging conventional wisdom and celebrating noteworthy achievements across our magazine, journals, newsletters, research and conferences,” said Diane Alfano, Chairman, Institutional Investor. “CNBC carries the same reputation for integrity in reporting and matches its strengths perfectly with those of Institutional Investor’s. We look forward to a vibrant and robust partnership as we both combine superior editorial information with peerless global relationships, visibility and distribution.”

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time data, analysis and information to more than 390 million homes worldwide. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m.- 8:00 p.m.) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and both on-demand and live streaming video.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/

About Institutional Investor:

As the preeminent publication capturing the emergence and growth of institutional investors since the late 1960’s, Institutional Investor continues to give its readers a window on the revolutionary impact of pension, endowment and sovereign wealth funds on global financial markets. In addition to the flagship magazine, Institutional Investor publishes newsletters, books, research products, electronic databases and academic publications, including the iconic Journal of Portfolio Management. Institutional Investor Conferences and Memberships deliver the world’s leading asset management firms and institutional investors to foster relationship-building and idea exchange during informal, interactive meetings as well as industry focused research in-between these meetings. Institutional Investor is wholly owned by Euromoney Institutional Investor PLC (ERM.L).

About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.