• The bid committee which was appointed by the board of directors of AcadeMedia recommends AcadeMedia’s shareholders not to accept Providence’s increased offer of SEK 190 per share and instead recommends the shareholders to accept EQT V’s increased offer of SEK 205 per share. Shareholders who have already accepted Providence’s offer are recommended to withdraw such an acceptance.

• The bid committee interprets Providence’s action as an attempt to gain control of AcadeMedia in a hostile manner at a price below the price in EQT V’s increased offer.
Providence Education International AB (”Providence”) has on April 22, 2010 announced a public offer to the shareholders of AcadeMedia of SEK 170 in cash for each share.

On April 28, 2010, EQT V (”EQT V”) announced a public offer to the shareholders of AcadeMedia to tender all their shares in AcadeMedia to EQT V at a price of SEK 190 in cash for each share.

On May 16, 2010, EQT V announced an increased offer price of SEK 205 per share...