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 Edison Schools Has Selected IBM To Help Build a New Model for Technology in Schools Friday, June 16, 2000 Edison Schools announced that the company has selected IBM to help build a new model for technology in schools. In addition, Edison and IBM have executed a license agreement for IBM's Tivoli enterprise network management software. The license would support computers, network devices, and servers for up to 250,000 students. Technology is an essential component of the Edison design. Edison indicated that IBM will provide the company with a technology solution, including Netfinity® Servers, IBM NetVista Desktops, ThinkPads®, network infrastructure and Tivoli® enterprise network management software for its rapidly growing national network of K-12 schools. Edison will purchase IBM personal computers for every student in third grade and above and all faculty and administrators in Edison schools. Beginning this fall, all new Edison schools will be on the IBM platform and all technology of Edison's existing schools will be converted to the IBM platform over time. Edison indicated its intention to collaborate with IBM on a research and development effort to create the next-generation technology model for K-12 education. This would include development of a device specific to the needs of students. 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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