Management contract

Management Contract
                                           AEC Education plc
                                        ("AEC" or "the Company")

                                     Announcement Management Contract

AEC Edu Tech Sdn. Bhd., a wholly owned subsidiary of AEC Edu Group Pte Ltd which in turn is a wholly 
owned subsidiary of the Company, has, on 15 April, 2008 entered into a Management Contract with Kasturi 
Management Consultancy Sdn. Bhd. ("Kasturi") and IMS Professional Training Services Sdn. Bhd. ("IMS") 
whereby Kasturi and IMS will pay an annual management services fee of MYR 60,000 per year or 20% of the 
combined profits of Kasturi and IMS, whichever is higher, for the next 4 years with effect from June 2007.

This Management Contract coincides with the acquisition by AEC of 30% of both of these organizations 
also announced today and opens the opportunity for the provision of the AEC Diploma and Degree courses 
offered in Singapore to be implemented in Malaysia. It will also provide opportunities to cross-fertilize 
the teams in both countries to build more comprehensive marketing and student recruitment strategies.

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For further information please visit or enquire to:
Mr David Ho
AEC Edu Group Pte Ltd
Tel: (65) 64120718