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Adoption of International Financial Reporting Standards

38807In 2002, a European Union Regulation was issued requiring all EU listed
companies to prepare consolidated financial statements under International
Financial Reporting Standards ('IFRS') for financial years beginning on or after
1 January 2005.

Nord Anglia Education plc ('the Group') will apply IFRS in its consolidated
financial statements for the year ended 31 August 2006, with the first results
to be reported under IFRS being the Group's interim results for the six months
ended 28 February 2006. As the Group's published results for 2006 will also
contain comparisons against the prior year, the results for 2005 will be
restated to comply with IFRS.

For further information, click here