Kaplan Will Not Go Forward with Plan to Acquire Former Arthur D. Little School of Management

November 6, 2002 - Kaplan, Inc. will not go forward with its plan to acquire the former Arthur D. Little School of Management, the two parties announced today. Kaplan's Higher Education division, a fast-growing provider of post-secondary programs, had signed an agreement in August to acquire the assets of the school, contingent upon Kaplan's ability to obtain regulatory and other approvals.

Kaplan, Inc.'s Higher Education Division includes campus-based schools in 13 states, as well as online programs toward numerous degrees. Kaplan has been providing educational and career services to students, schools, professionals, and businesses worldwide for more than 60 years. Kaplan is a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO). For more information about Kaplan, please visit www.kaplan.com.

Press Contacts:
Melissa Mack
212-492-5849
mmack@kaplan.com

Carina Wong
212-492-5992
carina_wong@kaplan.com

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