BBC Begins Sale of Resources Subsidiary

LONDON, August 15: The BBC has begun the sale process for
its BBC Resources subsidiary, a leading provider of broadcast production
facilities and services.

Tomorrow, the BBC will advertise the sale of the business,
which encompasses BBC Outside Broadcasts, BBC Studios and BBC Post Production,
in the Financial Times, the Times and the British trade magazine Broadcast.

The sale comes as a result of the Commercial Review, which
concluded that the BBC should only own commercial businesses that either export
or exploit the BBC brand or content. The pubcaster found that while the
services provided by BBC Resources are vital to the BBC, they do not need to be
owned by the BBC anymore.

Andrew Thornton, project director at the BBC who is leading
the sale, commented: "This is a unique opportunity for any potential
bidder; it's not everyday such a treasure trove of outstanding expertise and
skills comes on the market. We are looking for a partner that will nurture this
and continue to work closely with us to provide the unrivalled quality of
services we need, as well as to capitalize on this in the wider industry."

It is expected that the sale of the business and transfer of
BBC Resources staff to the successful bidder will take place by the end of
March 2008.