03 July 2009

EDUCATION DEVELOPMENT INTERNATIONAL PLC

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

DEFERRED CONSIDERATION PAYMENT BASED ON eNVQ REVENUE GROWTH

Education Development International plc ('the Company'), the leading provider of educational qualifications and assessment services, announces that it has today made a deferred consideration payment in respect of the acquisition of eNVQ Limited on 31 May 2007.

Under the terms of the purchase agreement, deferred consideration is payable on the basis of incremental revenue at the end of each of the four years following the acquisition.

Over the past 12 months, eNVQ revenues have increased by £218,892, 32 per cent. Under the terms of the purchase agreement, 50 per cent of this amount £109,446 is now payable to the vendors. The consideration will be partly satisfied by the payment of £82,085 in cash with the balance of £27,361 payable through the issue of 24,343 new Ordinary Shares of 1p each in the Company, at a price of 112.4p, representing 0.04% of the Company's enlarged issued share capital.

The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares in the Company. Application will be made for the new Ordinary Shares to be admitted to AIM at the earliest opportunity.

Following the issue of the new Ordinary Shares, the total issued share capital of the Company is 57,609,647.

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