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Edison Schools Welcomes Edward S. Harris to Board of Directors Wednesday, April 30, 2003 Mr. Harris will fill a position vacated by Paul A. Lincoln who will remain in an ex officio capacity on the board. Mr. Harris was elected by board members who represent Class A stockholders and will also serve as the third independent member of the Boards Audit Committee. We are pleased to add someone with Edward Harriss business experience to Edison's Board of Directors, said Chris Whittle, Edison's Founder and CEO. Eds financial background will surely benefit Edison. Currently an independent financial consultant, from December 1998 to December 2002 Mr. Harris served as Director of Investment Management for Vulcan Ventures Inc., a private equity firm founded and controlled by Paul Allen, the co-founder of Microsoft. From 1992 to 1998, Mr. Harris was Chief Financial Officer for three technology companies: Claircom Communications Group, L.P., an affiliate of McCaw Cellular Incorporated and provider of specialized air-to-ground wireless communications services; Starwave Incorporated, a leading Internet company; and Mirror Software, Inc., a provider of medical imaging software. Mr. Harris was an investment banker with Salomon Brothers Inc. from 1985 to 1990 and with Sumishin Capital from 1990 to 1992. Mr. Harris is on the Board of Directors of two public companies: Click2Learn.com (NASDAQ: CLKS ), a Bellevue, Washington provider of online learning solutions, and First Virtual Communications (NASDAQ: FVCX), a Santa Clara, California company that provides rich media communications products worldwide. Mr. Harris received a BA in Economics from Rutgers University in 1982 and an MBA from the Columbia University School of Business in 1985. About the Board of Directors Edison has an 11-person Board of Directors. With the appointment of Mr. Harris, the majority of board members are now independent. Other current board members include Joan Ganz Cooney, Reverend Floyd H. Flake, Lowell W. Robinson, Ronald F. Fortune, John B. Balousek, and Timothy P. Shriver. Edison executives who serve on the Board of Directors include: H. Christopher Whittle, Founder & CEO; Benno C. Schmidt, Jr., Chairman of the Board of Directors; Christopher D. Cerf, President & Chief Operating Officer; and Charles Delaney, Vice Chairman.
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