Woburn, MA May 13, 2004 - CBI Research, Inc., also known as The Center for Business Intelligence (CBI) today announced that it has sold its energy conference business to Platts, the global energy information division of The McGraw-Hill Companies (NYSE: MHP), terms of the transaction were not disclosed.

Launched in 1995, CBI's energy division produces over 40 conferences for the energy industry each year. The group brings together leading experts to evaluate current regulatory climates and reforms, privatization and development timelines, financing mechanisms, legal issues and risk mitigation strategies on a range of topics. From the ongoing deregulation of electric and gas markets to privatization and development opportunities in the electric, oil and gas sectors, CBI's energy conferences offer knowledgeable solutions to the challenges of doing business in specific regions.

This transaction allows CBI to focus on its core business of producing world class events for the pharmaceutical and biotech, risk and insurance, managed care and other non-energy related industries. CBI's non-energy related units have enjoyed tremendous growth, and now with the divestiture of the energy segment, CBI will concentrate on accelerating growth of the 80 conferences it currently produces and establishing complementary product offerings for these high growth vertical markets.

About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 322 offices in 33 countries. Sales in 2003 were $4.8 billion. Additional information is available at http://www.mcgraw-hill.com.

About CBI Research, Inc.
CBI is a privately held, world-class conference company that focuses on producing high-level programs for executive decision-makers who face strategic issues in domestic and international markets. CBI has provided information and networking opportunities for thousands of senior- level executives in various industries for nearly ten years. More information is available at www.cbinet.com.

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