Conversion of Loan Notes and Issue of Equity

Malvern International plc (AIM: MLVN), the provider of educational services in the UK, Europe and Asia, announces that it has issued and allotted 2,000,000 new ordinary shares of 5p each pursuant to the conversion of £100,000 of the convertible loan notes held by KSP Investments Pte Limited (“KSP”) (the “Loan Note Conversion”).