Kaplan Higher Education Enters Indiana with Sawyer College Acquisition

Acquisition of Leading Provider of Career Education in Indiana Expands Kaplan's Network to 64 Locations

Roswell, GA, March 4, 2004 - Kaplan, Inc. today announced its higher education division's acquisition of Sawyer College, a career-oriented postsecondary school providing training in the fields of accounting, information technology, allied health and office management. The acquisition expands the Kaplan Higher Education network to 64 locations in 16 states. Kaplan Higher Education currently serves more than 45,000 students through campus-based schools and online programs.

Operating campuses in Merrillville and Hammond, Indiana, Sawyer College is one of the leading career postsecondary schools in the state's Northwest region, with 675 students currently enrolled. The acquisition marks Kaplan Higher Education's first foray into Indiana.

"Sawyer College has a strong reputation for providing quality career education in Northwest Indiana," said Gary Kerber, CEO of Kaplan Higher Education. "We are committed to further enhancing career training opportunities for students by bringing additional financial, technological and curricular resources to an already excellent school."

Founded in 1916, Sawyer College is accredited by the Accrediting Council for Independent Colleges and Schools (ACICS) to award certificate and associate degree programs. The acquisition is subject to regulatory approvals.

About Kaplan Higher Education
With the acquisition, Kaplan, Inc.'s Higher Education Division includes 64 campus-based schools in 16 states, as well as online programs toward numerous degrees. Kaplan Higher Education offers career-oriented certificate, bachelor and associate degree programs designed to provide students with the skills necessary to qualify them for entry level employment in the fields of healthcare, business, information technology, technology, fashion and design. Kaplan, Inc., which has been helping people achieve their educational and professional goals for 66 years, provides educational and career services to students, schools, professionals, and businesses worldwide. Kaplan is a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO). With $838 million in 2003 revenue, Kaplan is the largest revenue producer within the Washington Post Company. For more information about Kaplan, please visit http://www.kaplan.com.

Press Contacts:

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

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