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Directors' Shareholding

38006Nord Anglia Education plc (the "Company")

The Company announces that following the exercise of share options under the Company's Executive Share Option Scheme on 19 January 2004, 35,717 ordinary shares in the Company were allotted yesterday to Lorene Simpson, finance director of the Company and subsequently sold on 19 January 2004 at a price of 245 pence per share. The exercise prices of the above mentioned shares are detailed in the table below:

Number of sharesExercise price (p)Scheme
15,43068Approved Discretionary Share Option Scheme
10,287179Approved Discretionary Share Option Scheme
770142Approved Discretionary Share Option Scheme
9,230142Unapproved Share Option Scheme


As a result of this transaction, Lorene Simpson currently has a beneficial interest in 28,958 ordinary shares in the Company representing 0.11 per cent of this issued share capital of that class.

The Company also announces that following the exercise of share options under the Company's Executive Share Option Scheme on 19 January 2004, 66,003 ordinary shares in the Company were allotted yesterday to David Johnson, a director of the Company and subsequently sold on 19 January 2004 at a price of 245 pence per share. The exercise prices of the above mentioned shares are detailed in the table below:

Number of sharesExercise price (p)Scheme
25,71768Approved Discretionary Share Option Scheme
5,869179Approved Discretionary Share Option Scheme
4,417179Unapproved Share Option Scheme
10,000142Unapproved Share Option Scheme
10,000139Unapproved Share Option Scheme
10,000148Unapproved Share Option Scheme


As a result of this transaction, David Johnson currently has a beneficial interest in 39,989 ordinary shares in the Company representing 0.15 per cent of this issued share capital of that class.

The shares issued under the Company's share option schemes above will be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities in due course under the Company's block listing facility.