Edison Schools Signs 7 Summer School Contracts Monday, April 16, 2001 Edison Schools announced that it had signed contracts with 8 school districts for summer school programs for this June. The new service, an achievement oriented program entitled Edison Extra, is expected to serve between 8,000 and 10,000 students, if enrollment in the new cities is similar to that in test programs last year. The program will provide extended educational opportunities that will focus on improving student achievement for all students. Edison also announced that it plans a major expansion of this service to other regions of the country in the year beginning this July 1. The company expects significant gains in summer school revenues for its FY02 year. The program will provide a rich and challenging curriculum - that is in keeping with state and local standards - similar to what Edison utilizes in its schools around the country. Edison Extra will be activity-heavy, project-based and tailored to address local interests and cultures. It will also offer an opportunity for students to enhance their technology skills while engaging in skill-based lessons that encourage active listening and learning. All of the new contracts are with districts that are new to the Edison family, i.e. they do not currently have Edison Schools within them. 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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