With reference to the earlier annoucement dated March 19, 2008 and further intimations made from time to time, giving the status update, Aptech Ltd has now informed BSE that on May 29, 2009, the Company after obtaining all the requisite approvals under various jurisdictions, has successfully completed the process of sale of its 50% equity interest in the China JV Company and has also received its 22% allotment of shares in the holding Company, Beijing Jadebird IT Education Company Ltd (BJBC).

In terms of the Definitive Agreements, Aptech India including its subsidiaries would also be entitled to receive, prior to the proposed Initial Public offering of BJBC, as much of its distributable profits as possible, subject to any legal, accounting or working capital requirements as may be determined by the Board of Directors of BJBC. In this regard, the Definitive Agreements envisages payment of a one-time special dividend, which in any event shall not be less than RMB 193 million (equivalent to approx. US$ 28 million /approx. INR 1350 million), in which share of Aptech India including its subsidiaries would be 22%.