The McGraw-Hill Companies Announces Plans to Build New Office Facility at the Port of Dubuque

The McGraw-Hill Companies (NYSE: MHP), a leading global information services provider, today announced plans to build a 140,000 square-foot, four-story office building in the Port of Dubuque to house several operations for McGraw-Hill Education's higher education business. The new building will include editorial, production and marketing services focused on the development of higher education materials for academic subjects including science, mathematics, engineering, and allied health.

"The need for our higher education products has never been greater, especially in today's global knowledge economy where education is a prerequisite for success," said Henry Hirschberg, president of McGraw-Hill Education. "As we continue to capitalize on opportunities in this big and growing worldwide marketplace our new facility will afford us the flexibility we need to continue to grow. This expansion underscores The McGraw-Hill Companies longstanding commitment to the city of Dubuque and the state of Iowa."

Construction will begin this summer, subject to approval of state and local government incentives. It is anticipated that the new building would be ready for occupancy in the summer of 2007. All of the employees currently based at a leased office facility at 2460 Kerper Boulevard in Dubuque, will relocate to the Port of Dubuque location.

The McGraw-Hill Companies has more than 450 employees in Dubuque and also operates a distribution facility located at 7500 Chavenelle Road. This facility will continue to serve as a distribution center for McGraw-Hill Education products.

About McGraw-Hill Education

McGraw-Hill Education is a leading global provider of electronic and print products for the pre-K through 12th grade, higher education and professional 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, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at http://www.mcgraw-hill.com/.

SOURCE: The McGraw-Hill Companies

CONTACT: McGraw-Hill Education
April Hattori
McGraw-Hill Education
(212) 904-2078
april_hattori@mcgraw-hill.com
Tom Stanton
McGraw-Hill Education
(212) 904-3214
tom_stanton@mcgraw-hill.com
The McGraw-Hill Companies
Mary Skafidas
(212) 512-2826 (office)
(347) 351-6407 (mobile)
mary_skafidas@mcgraw-hill.com

Web site: http://www.mheducation.com/