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 Edison Schools Announces Expansion of Operations in Dayton, Ohio Monday, July 10, 2000 Edison Schools announced that it will expand operations in Dayton, Ohio. With this expansion, Edison will now operate two schools in Dayton. Starting this fall, Edison Schools, with its partner Alliance Community Schools, Inc., will manage Dayton View Academy. The school will serve an estimated 648 students in grades K-5. Under the terms of the 5-year contract, the school will expand one grade per year, with an expected enrollment of 1150 K-8 students by the fall of 2003. Based upon Edison's original contract with Alliance Community Schools, enrollment at the Dayton Academy, an elementary school that currently serves 602 K-5 students, will increase. The school will expand one grade per year with an expected enrollment of approximately 1150 K-8 students in the fall of 2002. Except for the historical information contained in this announcement, the matters discussed are "forward looking statements" (as that term is used in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including risks detailed from time-to-time in Edison's filings with the Securities and Exchange Commission. In particular, Edison calls to the reader's attention the risk factors described in its Quarterly Report on Form 10-Q dated May 15, 2000 under the heading "Additional Risk Factors That May Affect Future Results." Any such forward-looking statements speak only as of the date such statements are made, and Edison undertakes no obligations to publicly release the results of any revision to these forward-looking statements or otherwise update or supplement this announcement or risk factors contained herein.
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