Engineering News-Record and Architectural Record Each Win 2002 Jesse H. Neal Awards

McGraw-Hill Construction Information Group Publications Recognized for Editorial Excellence in Business Journalism

Suit By The McGraw-Hill Companies Against Buildingteam.com, a Division of Reed Elsevier, Settled

NEW YORK, March 13, 2001 - The McGraw-Hill Companies (NYSE: MHP) announced today the settlement and final resolution of litigation that it initiated in February, 2000 against Reed Elsevier, Cahners Publishing's Buildingteam.com and an employee of Buildingteam.com.

The McGraw-Hill Companies' suit alleged that Robert Corcoran obtained confidential pricing and other information about The McGraw-Hill Companies' construction.com Internet site over a period of months. At the time, Corcoran was employed by Cahners' Buildingteam.com, which denied knowledge of his activities. The suit alleged that he received the information from an employee of The McGraw-Hill Companies who has since been dismissed. The McGraw-Hill Companies believes that the settlement agreement, whose terms remain undisclosed, achieves all of its objectives for the protection of its confidential and proprietary information. This settlement brings this matter to a satisfactory conclusion and finally resolves all of the issues in the case.

About Construction Information Group
A division of The McGraw-Hill Companies, the McGraw-Hill Construction Information Group (CIG) is comprised of the industry's leading brands: F.W. Dodge, the project marketplace, Sweet's, the product marketplace, Engineering News-Record, Architectural Record and Design-Build magazines, the industry news marketplace. These brands converge at the Group's web portal, construction.com, the commercial construction industry's leading Internet destination. Both online and offline, these brands are individually the most powerful names in the industry. Collectively, they provide the design and construction community with the most comprehensive, timely and accurate solutions available today.

About the McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a 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 300 offices in 32 countries. Sales in 2000 were $4.3 billion. Additional information is available at www.mcgraw-hill.com.

For More Information:
Louis Haber
Director, Corporate Media Relations
The McGraw-Hill Companies
(212) 512-3203
louis_haber@mcgraw-hill.com

Mary Skafidas
The McGraw-Hill Companies
(212) 512-2826
mary_skafidas@mcgraw-hill.com

© 2001 The McGraw-Hill Companies - All Rights Reserved