Nord Anglia Education - August 2007

On 19 September 2007, Nord Anglia Education plc ("NAE") completed the sale of its nursery division ("Leapfrog") to Busy Bees, the UK subsidiary of Australian based ABC Learning Centres ("ABC") . The consideration of £31.2mlion, in cash, will be used to reduce debt significantly and finance investment in, and focus management on NAE's International Schools and Learning Services activities. NAE is quoted on the main market of the London Stock Exchange and has a market capitalisation of c. £150mlion. ABC is quoted on the Australian Stock Exchange and has a market capitalisation of c. AUD3.2 billion.

The transaction marks the successful outcome of a process led by Canaccord Genuity during which the Board assessed strategic options for Leapfrog and considered a number of approaches for the business from parties looking to consolidate the fragmented nursery market.

Canaccord Genuity acted as financial advisor to Nord Anglia Education.