Major Shareholders

The following information was updated on 20 May, 2011.

There are currently 44,198,781 ordinary shares of 10p each in the Company ("Ordinary Shares") in issue with 47.0% not in public hands.

SIGNIFICANT SHAREHOLDERS

Shareholder	Shareholding	Percentage ^(note)
KSP Investments Pte Ltd ⁽¹⁾	11,035,037	24.97%
Pershing Nominees Limited Des: PERNY	3,615,555	8.18%
Emerge Learning Services Pte Limited	3,400,000	7.69%
Educational Development International plc	3,000,000	6.79%
Naresh Kumar Malhotra	2,625,750	5.94%
Ranch House Limited	2,000,000	4.53%
Naboobalan s/o Ramansamy Naidu	1,708,301	3.87%
Real Time Consultancy Limited	1,450,000	3.28%

Note: As a percentage of the issued share capital of the Company, comprising 44,198,781 shares.

DIRECTORS' INTERESTS

Director	Shareholding	Percentage
David Ho ⁽¹⁾	24,000	0.05%
Gopinath Pillai ^{(1) & (2)}	25,000	0.06%
Naresh Malhotra ⁽³⁾	2,625,750	5.94%
Liam Swords	1,000,000	2.26%
Ramasamy Jayapal	633,131	1.43%
Haider M Sithawalla ^{(1) & (4)}	19,000	0.04%

⁽¹⁾ David Ho, Gopinath Pillai and Haider M Sithawalla hold 44.04%, 19.61% and 8.37% respectively, of KSP Investments Pte Ltd.
⁽²⁾ This shareholding is registered in the name of Gopinath Pillai’s wife, Shyamala Devi Krishnan d/o M K Pillai.
⁽³⁾ Naresh Malhotra’s wife, Julia Malhotra, also holds 1,308,000 Ordinary Shares which represents 2.96% of the issued share capital of the Company.
⁽⁴⁾ This shareholding is registered in the name of Haider M Sithawalla’s wife, Sithawalla Zubeda Haider.

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