Kaplan to Establish Financial Training Center with University in Chengdu

Business Wire, Nov 28, 2007

CHENGDU, China -- As part of an agreement with Southwest University of Finance and Economics, Kaplan, Inc., together with its affiliate Kaplan ACE, will establish a financial training center that will provide internationally-recognized financial qualifications and on-the-job training to students in western China.

Kaplan is one of the world's leading providers of financial services education, with centers in the U.K., U.S., Australia, Hong Kong, and Singapore. Located on the campus of Southwest University of Finance and Economics (SWUFE), the new center will offer training programs for qualifications such as the Association of Chartered Certified Accountants (ACCA), Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), and Financial Risk Manager (FRM). It will also host forums that will cover current economic trends.

Professor Xiao Ma, Vice Principal of SWUFE said, "In order to achieve steady and rapid economic development, it is critical that China's accounting and financial professionals meet international standards. This training center will help ensure that China's most talented accounting and financial professionals are qualified in the global marketplace; it will also promote financial development in western China."

In 2006, Kaplan provided approximately 600,000 licensing and continuing education courses to corporate clients and professionals around the world. Mark Coggins, President of Kaplan Asia Pacific, said, "We're excited to be a part of Chengdu's emergence as an important financial center in western China."

About Kaplan

Kaplan is a leading provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries around the world. Its international programs include higher education, test preparation, language instruction and professional training. Kaplan, with projected 2007 revenue of US$2 billion, is a subsidiary of The Washington Post Company (NYSE: WPO). For more information, please visit www.kaplan.com.