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 New York City Parents Begin Two Week Voting Process for Edison Schools Plan Monday, March 19, 2001 Edison announced that it will continue its grass roots efforts with New York City parents as they begin a two week voting process to determine whether to convert 5 New York City schools to public charters to be managed by Edison. Parents at each of the schools, which currently enroll approximately 5,000 students, will vote next week to determine the educational program for their children. The vote will be conducted by the American Arbitration Association from March 19 until March 30. Announcement of the results is expected in early April. 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 February 14, 2001 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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