New York - November 2006: Leading global stock image group, Photolibrary, are excited to
announce its further expansion with the signing of an agreement to purchase Index Stock of
New York. Index Stock will join the rapidly expanded group, which includes Photolibrary
www.photolibrary.com, Garden Picture Library (GPL) www.gardenpicture.com, Oxford
Scientific (OSF) www.osfimages.com and www.osffootage.com, Fresh Food Images (Anthony
Blake of the UK – www.abpl.co.uk) and Monsoon Images www.monsoonimages.com (also of
New York). This merged collection continues Photolibrary Groups’ strategy of providing the
picture buying community with easy access, striking imagery and unbeatable service across
an ever-growing subject range that straddles the unique and the everyday.

Index Stock markets has a library of over one million digital images through four brands -
Index Stock Imagery and Index Open, catering to advertisers, designers, large
corporations, magazines, and book publishers, and Photos To Go and Photos To Go
Unlimited, marketing to small business and home business image users. Utilising this
structure, it is Photolibrary Group’s intention to re-brand the Index Stock business whilst
simultaneously launching a more traditional RM and RF website via
www.photolibrary.com in the US.

Glenn Parker, Photolibrary Group CEO explains: “This approach will give our
contributing artists direct access to the US Market, in turn giving US customers access
to the full suite of our collections which range from traditional lifestyle imagery through to
specialist collections in nature and the environment; gardens and botany; food and fine
art imagery. Index Stock’s current and future artists will also benefit from being placed
on www.photolibrary.com where customers can access this entire product range in one
place.

Current Indexstock CEO, Bahar Gidwani says: “Joining the Photolibrary Group brings new
opportunities to Index Stock’s artists, customers, and employees. Index’s artists will benefit
from the investments Photolibrary is making in distribution, marketing and technology.
Index’s customers will see millions of great new images and its employees will be an
important part of a larger, worldwide organization. I am proud of what our team accomplished
over the past fifteen years and I know we will now make a substantial contribution to
Photolibrary’s future success.”

Glenn Parker continues: “This is Photolibrary Group’s next step into the US market and we
are excited about the possibilities on offer to our customers. We can also now truly say to our
present and future artists that we can service customers across all major territories around
the world.”

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