Re Education Division

For immediate release

29 March 2010

FINDEL PLC

("Findel" or the "Company")

Re Education Division

The Board of Findel announces that it will make its customary year end statement on 28 April 2010. It also announces that it is reviewing a number of accounting entries within its education division which appear not to be properly substantiated and have come to light following changes within the management of that division. This is expected to lead to a restatement of prior year revenues, costs and profits, but is not expected to have a negative impact on profits for the current year ending 2 April 2010.

The initial estimate of the impact on the Company's results for the year ended 3 April 2009 would be to have reduced that year's profits before tax by £5 million and benchmark profits by £5 million, and to have reduced net assets by £14 million as at 3 April 2009. Further details including the impact on years earlier to that year will be provided in the year end statement on 28 April 2010 and on publication of the Company's preliminary results for the year ending 2 April 2010. None of the above has impacted on the Company's current net debt position which is in line with expectations.

Ends

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