Acquisition

AEC Education plc
03 December 2007

3 December 2007



                               AEC Education plc
                            ('AEC' or 'the Company')

                  Acquisition of Educational Resources Pte Ltd

AEC is pleased to announce the exchange of contracts to acquire the 65% of
Educational Resources Pte Ltd ('ER') that it does not already own ('the
Acquisition') with effect from 4 January 2008. ER is incorporated in Singapore
and has four wholly owned subsidiaries.  Following the Acquisition, AEC will
hold 100% of the issued share capital of ER.

ER has an open ended Agency Agreement with Education Development International
Plc ('EDI'), subject to performance criteria, to deliver the London Chamber of
Commerce and Industry ('LCCI') qualifications and currently has offices in
Singapore, Malaysia, Hong Kong and China. ER also has an Agreement with MYOB,
the large Australian based competitor to the Sage accounting packages, to
deliver qualifications for the training in the use of its products across the
Asian markets.

ER recorded 101,360 examination entries in Asia during year ended 30 September
2007. 80,700 of these were from the core markets of Malaysia, Singapore and Hong
Kong.

AEC and ER currently operate in a range of mutual territories and the AEC
Directors believe that this mutuality, combined with a range of marketing
synergies, provides the opportunity for greater productivity and growth for the
combined group.

EDI holds 50.38% of the shares in ER and their Chairman, Chief Executive and
Finance Director are on the board of ER. They will resign with effect from the
date of signing the Agreement (3 December 07).  Liam Swords and David Ho of AEC
are also on the board of ER and will continue as directors into the future.

EDI has been offered a seat on the Board of AEC which will be taken up at a time
to be agreed between the parties in the future.

ER reported audited turnover and profit-after-tax of SGD3,622,663 (£1,215,783)
and SGD281,443 (£94,454), respectively, for the year ended 30 September 2006 and
had audited net assets of SGD3,493,164 (£1,172,203) at 30 September 2006.

The cost of the acquisition is approximately £410,000 which will be settled by
the issue of new AEC ordinary shares at a price of 11.5p per share.  An initial
issue of 2,593,750 shares will be made to the vendors of ER at the time of
completion and a further 950,000 shares will be issued as deferred consideration
two years after completion.

The 2,593,750 new ordinary shares issued as initial consideration will rank pari
passu with the Company's existing ordinary shares of 10p each in issue.  AEC
will make application for admission to trading on AIM of these shares and
trading in the new ordinary shares is expected to commence on 5 January 2008.


An exchange rate of £1=SGD2.98 has been used in this announcement.



                                    - End -




For further information please visit www.aeceduplc.co.uk or enquire to:

Mr Haider M Sithawalla
AEC Edu Group Pte Ltd
Tel: [phone]
Fax: [phone]
Email: [e-mail]

Nabarro Wells & Co Limited
Tel: [phone]
David Nabarro, Anthony Rowland


About AEC Education Plc

AEC is the UK holding company for a number of companies, founded in 1985 in
Singapore and Malaysia that provide business educational services to
approximately 16,000 students in the Asia-Pacific region: the fastest-growing
source market for international students.

The AEC Group offers class-based instruction at a large educational campus in
Singapore's Bukit Merah District and distance learning up to postgraduate level.
In addition, it provides degree qualifications on behalf of several leading
international universities, targeting the large volume of overseas students that
the Singaporean government has announced in the Global Schoolhouse Vision it
intends to increase.

AEC's aim is to be a leader in quality education through facilitating learning,
fostering creativity and developing knowledge, skills and confidence in its
students.  Its receipt of four Singapore Quality Class Awards shows the Group's
recognition by the Singaporean Government as a prestigious and forward-moving
company.

In August 2006, AEC was awarded the CaseTrust for Private Education
Organizations, a student protection scheme for foreign students.  This is a
further step by AEC in its recognition as a quality provider in the education
industry.




                      This information is provided by RNS
            The company news service from the London Stock Exchange    

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