Scott August Named CFO of Kaplan Test Prep and Admissions

NEW YORK, November 7, 2003 - Kaplan Test Prep and Admissions (KTPA), a division of global educational services provider Kaplan, Inc. announced today that it has promoted Scott August to the position of Executive Vice President and Chief Financial Officer (CFO), overseeing financial operations and business development for the division.

August joined Kaplan in 2000 and has served as Senior Vice President and Chief Financial Officer of Kaplan Professional, a division of Kaplan, Inc. which provides licensing and continuing education training, certification and professional development courses. He has played a leadership role in the growth of a division that, since his joining, has seen significant growth both organically as well as through acquisition. Since 2000, Kaplan Professional has solidified and expanded its presence in markets including financial services, real estate, home inspection, architecture, publishing, information technology and accounting. August was a major contributor to the division's overall growth and success, helping to close on a number of acquisitions, bringing process improvements to the different Kaplan Professional companies, enhancing the finance organization and providing guidance and strategic counsel to the management team. In 2002, Kaplan Professional served 350,000 individuals worldwide.

"Scott's background and experience -- both inside and outside of Kaplan-- will provide the Kaplan Test Prep management team with valuable perspectives and ideas to help drive greater growth and profitability for our division," said John Polstein, President of KTPA. "Scott brings considerable financial and operational skills to our team, and we are looking forward to even greater growth with him on board."

During 2002, KTPA enrolled nearly 250,000 students, including more than 60,000 in online programs. Although best known for its test prep classes, the division offers a host of tutoring programs, online courses, admissions consulting services and K-12 programs. The division also has a vast array of offerings for medical licensure preparation.

Prior to joining Kaplan, August worked as divisional Vice President, Finance, for The McGraw-Hill Companies, following a tenure working internal audit for the company. He began his career at Arthur Andersen & Co. where he became a manager in their audit and business advisory practice.

August holds a CPA as well as an M.B.A. from Rutgers University, and a B.S. in economics from Dickinson College in Pennsylvania.

Kaplan, Inc. (www.kaplan.com) is a premier provider of educational and career services for individuals, schools and businesses. Kaplan offers: test prep and admissions services worldwide, including K12 services for schools through Kaplan Test Prep and Admissions; after-school learning programs for kids through SCORE!; licensing and continuing education training and compliance tracking through Kaplan Professional, and post-secondary educational programs through Kaplan Higher Education. The company reported $621 million in revenue in 2002, and nearly $600 million in revenue for the first nine months of 2003. Kaplan is a subsidiary of The Washington Post Company (NYSE: WPO).

Press Contacts:

Melissa Mack
212-492-5849
mmack@kaplan.com 

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