Acquisition

AEC Education plc
25 April 2008


25 April 08

                               AEC Education plc

                            ('AEC' or 'the Company')


                  Announcement: Acquisition of a 30% stake in

              Kasturi Management Consultancy Sdn. Bhd ('Kasturi')


AEC is pleased to announce that on 15 April 2008, the Company, through its
wholly owned subsidiary, AEC Edu Group Pte Ltd, acquired a 30% stake in Kasturi
for MYR 416,571 (£67,168). The consideration was settled by a forgiveness of
debt owed by Kasturi to AEC.


The audited Accounts of Kasturi for the period ended 31 December 2007 showed
revenue of MYR 5,339,821 (£860,994) and operating profit before tax of MYR
164,606 (£26,541). After accounting for interest (MYR 7,918) and the write off
of goodwill (MYR 721,800), Kasturi recorded a loss of MYR 565,112 (£91,119).


Kasturi owns Kolej Kasturi ('KK') www.kasturi.edu.my, a leading provider of
professional and business programs in Malaysia. KK offers ACCA and CAT
accounting programs and a range of English Language training programs.


KK's focus on ACCA coincides with the introduction of ACCA courses in AEC in
Singapore. The synergies arising from operating the programmes in Malaysia and
Singapore combined with the Management Contract also announced today provides
opportunities for growth and profit from these programmes within the AEC Group.


Kasturi occupies an office of about 12,000 sq.ft in the heart of Kuala Lumpur,
near the famous central market.


This purchase is a continuation of the AEC strategy to acquire and develop small
to medium size synergistic organizations that can quickly contribute to profit
and growth.



Exchange rate £1 = 6.20192 MYR


                                    - END -

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

Mr David Ho
AEC Edu Group Pte Ltd
Tel: [phone]
Email: [e-mail]

Nabarro Wells & Co Limited
Tel: [phone]

David Nabarro, Natasha Reed




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