11 April 2019

WEY EDUCATION PLC

('Wey Education' or the 'Company')

Termination of potential acquisition

On 4 February 2019, Wey Education announced that it was in the process of finalising Heads of Terms to acquire a small (turnover c£0.5m) UK online education business focused on Business to Business provision of online education.

Subsequent to this announcement, and because of further information gained during the due diligence process, the Company has decided not to proceed with the acquisition and has terminated negotiations.

Enquiries:

Wey Education Plc

Barrie Whipp (Chairman) +44 (0) 7778 367 999

Barry Nichols-Grey (Executive Director - Finance) +44 (0) 1873 813 900

WH Ireland Limited

(Nominated Advisor and Broker)

Mike Coe / Chris Savidge (Corporate Finance) +44 (0) 117 945 3470

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Wey Education plc published this content on 11 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 April 2019 15:32:03 UTC