Horizon Acquisition of the Global Voice Networks Group

28 September 2004 – The Directors of Horizon Education and Technologies Limited (Horizon) announced that the Exchange has on the 28 September 2004 informed Horizon that it has no further comments to the Circular to Shareholders setting out further details of the Acquisition, the Placement and the Whitewash Resolution.

The Directors of Horizon Education and Technologies Limited (Horizon) announced that the Exchange has on the 28 September 2004 informed Horizon that it has no further comments to the Circular to Shareholders setting out further details of the Acquisition, the Placement and the Whitewash Resolution. The Circular to Shareholders is currently in the process of being finalised and barring any unforeseen circumstances, the Directors expect that the Circular to Shareholders will be despatched on and from 30 September 2004.