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G8 EDUCATION LIMITED Earnings Release 2010

Feb 24, 2011

64978_rns_2011-02-24_70e982d6-7e0c-4747-9da8-91f7b6483623.pdf

Earnings Release

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ASX Announcement

G8 Education Limited (ASX:GEM)

25 February 2011

Record Full Year Result

G8 Education (ASX: GEM) is pleased to announce record full year results for the 12 months to 31 December 2010.

The company’s revenue of $66.437 million was in line with guidance and delivered underlying NPAT of $4.8 million (excluding a post year‐end impairment charge*) compared to guidance of $4.7 million.

G8 Education is pleased to report that trading in the first two months of the current financial year has been in line with expectations and G8 Education is on track to meet earlier guidance of $14.9 million NPAT in the year to December 2011.

Following the placement to institutional shareholders earlier this month the company’s balance sheet is strong with just $5.4 million of net debt. The company continues to hold discussions with multiple potential vendors in Australia and Singapore.

* Since the unaudited results released on 31 January 2011, G8 Education has sold one child care centre, which had been held for sale. The 31 December 2010 includes a one‐off $312,000 impairment charge relating to the sale of this asset.

ENDS Jenny Hutson Chairperson