This press release may not be distributed, directly or indirectly, in or into, the United States of America, Australia, Canada, South Africa or Japan. The Offer is not being made to (and acceptances will not be accepted from) persons in those countries or elsewhere where their participation requires further offer documents, filings or other measures in addition to those required by Swedish law.

· Providence Education International completes the Offer to the shareholders in AcadeMedia and declares the Offer unconditional.
· Settlement is expected to commence promptly.
· The Offer has been accepted by shareholders representing 2,135,699 shares, corresponding to approximately 17.7 per cent of the votes and the share capital in AcadeMedia.

On April 22, 2010, Providence Education International AB (“Providence Education International”) announced a cash offer to the shareholders in AcadeMedia AB (publ) (“AcadeMedia”) of SEK 170 in cash for each share (the “Offer”). On May 17,...