EPE Europasia

RNS Number:1791V
Europasia Education PLC
06 December 2005

6 December 2005



                            EUROPASIA EDUCATION PLC
                     APPOINTMENT OF NON-EXECUTIVE DIRECTOR



EuropAsia Education plc ("EPE"), the AIM-listed educational group, is pleased to
announce the appointment of James Heyworth-Dunne as a non-executive director.



A trained barrister, Mr Heyworth-Dunne (aged 61) has extensive investment
management experience, having started his career with NM Rothschild where he
became a main board director and served on the executive committee.



Previous roles include Managing Director of Cayzer Limited, a Director of
Gartmore Investment Management, Managing Director of Norwich Union Investment
Management and head of Global Investment Strategy at Mercury Asset Management.



More recently he was responsible for reorganising the global investment
management business of Mitsubishi Trust and Banking in Tokyo, as well as
establishing overseas investment offices in London and New York.



Mr Heyworth-Dunne has been awarded two million ordinary share options in EPE,
valid for five years, at an exercise price of 5p per share.



There is no further information to be announced in accordance with the Aim Rules
in respect of Mr Hayworth-Dunne.



Ms Umku Imam is stepping down from the Board to pursue her other interests.



The Company is currently in negotiations to take a minority stake in a Chinese
education business, whose unaudited results show it is making profits of over
#1.5 million a year.  Further details will be released as the negotiations
progress.



EPE has to date issued 500,000 unlisted #1 five year Convertible Loan Notes as
part of a refinancing to raise funds to participate in the listing on Ofex of
China Education Group, in which it holds a 13.8% stake.  The Loan Notes pay
interest of 10 per cent per year with a conversion price of 5p per share and 100
per cent warrant coverage at 5p.



EPE Chairman James Holmes said: "We are delighted to welcome James to the
Company.  His substantial investment expertise and experience in the City will
be of great benefit to EPE as the company continues it's investment strategy in
education businesses in China and elsewhere."



                                     -ends-



For further information visit www.europasiaeducation.com or contact:

James Holmes, Chairman                                   020 7248 7578
EuropAsia Education plc

Paul Quade                                               020 7248 8010
CityRoad Communications                                  07947 186694





About China Education Group



CEG is the Jersey incorporated holding company for a business which has a 25
year licence to manage Shandong Internatonal Institute of Translation ("SIIT").
Based in Shandong Province, China, SIIT was established in June 1999. It offers
2-3 year-diploma courses in foreign languages, computer science, information
technology, international commerce and trade, hospitality and tourism. There are
currently over 8,000 students, based in two campuses in Shandong Province,
China.



The college provides accessible, affordable, high-quality post-secondary
education that prepares students to enter the job market, allows them to
transfer to universities, helps them to study and work abroad, and assists them
in achieving their professional and personal goals.



As the first translation college in Shandong Province, the college provides a
wide variety of language learning and translation programs in English, Chinese,
Korean, Japanese, Russian, French, German, Spanish, Arabic, Italian, Greek and
Esperanto. A strong college transfer programme has evolved to allow students the
opportunity to take the first two years of a baccalaureate degree and transfer
to one of the state's four-year institutions.



CEG is currently raising funds and applying for a listing on Ofex, with first
days trading anticipated on 15 December.



For additional information, see www.chinaeducation.com







About Europasia Education plc



EPE is an AIM listed education investment group, focused on opportunities in
Europe and Asia.  It owns 100% of Education 2000, an English language and work
experience placement business based in Bournemouth, UK, and Columbia
International, trading under the name Management International, an education
consulting and work placement business based in London.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

BOAVELFBELBBFBF

Europasia Education (LSE:EPE)
Historical Stock Chart
From Jun 2024 to Jul 2024

Europasia Education (LSE:EPE)
Historical Stock Chart
From Jul 2023 to Jul 2024