FT Launches Digital Edition in South Africa

The Financial Times has started printing a digital version of the newspaper in South Africa.

The new digital version of the FT is now available at news stands and by subscription, ensuring that readers of the FT can receive the newspaper on the morning of publication.

Ben Hughes, Director for Continental Europe, Middle East, Africa and Asia commented: 'There is a very strong business media market in South Africa and the FT offers the perfect complement to the domestic market, with an international perspective on global issues. Printing digitally will ensure that our South African readers can receive the FT on the day of publication.'

The digital version is on sale at selected news stands from 8.00am onwards. It retails at R12 a copy, and an annual subscription will be R3000 . The digital version will be printed on FT pink paper and will be tabloid size.

The FT is one of the world's leading business newspapers and currently sells 3, 200 copies a day in South Africa.

An estimated 3,600 copies will be printed by Oce in Johannesburg to serve the entire South African market.

Peter Feldweg, chief executive officer for Oce Digital Newspaper Network said, 'As an international IT solutions provider, Oce has worked with the FT to enable same day printing in South Africa. This is a revolutionary printing process which will provide an invaluable service to the FT's readers.'

Notes

The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people. The FT Group includes:

1. The Financial Times, one of the world's leading business newspapers, which is recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed in 18 cities across the globe, has a daily circulation of over 500,000 and a readership of more than 1.6million people worldwide.

2. FT.com, the newspaper's internet partner, which combines agenda-setting editorial with relevant financial data and discussion groups, as well as a broad range of business tools including the largest search function on the internet. FT.com has more than 48 million monthly page views and 2.4 million unique monthly visitors.

3. The FT Group's pan-European network of national business newspapers and online services including France's leading business newspaper and website, Les Echos and lesechos.fr, and Spain's leading business newspaper and website, Expansion and expansiondirecto.es. In February 2000, the FT launched a new German language newspaper, FT Deutschland, with a fully integrated online business news and data service.

4. Through FT Interactive Data, the FT Group is one of the world's leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors. Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.

5. FT Business which produces specialist information on the retail, personal and institutional finance industries. It publishes the UK's premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.

6. The Financial Times Group also has a stake in a number of joint ventures, including;
· FTSE International, a joint venture with the London Stock Exchange.
· Vedomosti, Russia's leading business newspaper and a partnership venture with Dow Jones and Independent Media
· Pearson, owners of the FT, has a 50% stake in BDFM, publishers of South Africa's leading financial newspapers and websites.
· A 50% stake in The Economist Group, which publishes the world's leading weekly business and current affairs journal.

Contact:

Anoushka Healy +44 (0) 207 873 3720 or Lisette Lombard on +44 (0) 207 873 3119