Aptech Ltd. aquires Maya Academy of Advanced Cinematics

Company Brief

Mumbai, January 28, 2010

Aptech Ltd. today announced its acquisition of Maya Academy of Advanced Cinematics (MAAC). The acquisition is through the takeover of 100% equity shares of Maya Entertainment Ltd.(MEL) , the parent company of MAAC. The key shareholders of both companies signed an agreement to this effect today. MAAC, one of the largest players in the Animation & Multimedia education industry, is a premium brand with over 70 centres spread throughout India. These include company owned, semi owned and franchise centres.

Arena Animation, the leader in the field of Animation and Multimedia education in Asia, is an Aptech brand.

Aptech already a global education major has further consolidated its domination through this move. With a network of over 1000 centres spread over 35 countries Aptech already owns well recognized education brands namely Aptech Computer Education, Arena Animation, N Power, Avalon Academy, English Express and Aptech Worldwide.

The deal is valued at Rs. 76 cr. The deal is structured to include a cash payout as well as issue of equity shares of Aptech Ltd. to the shareholders of MEL. Issue of shares is subject to approval of the shareholders of Aptech Ltd. and other approvals as may be required.

Speaking on this occasion Mr. Ninad Karpe the CEO & MD of Aptech said, "With this acquisition Aptech has moved further in its strategy of becoming a global education powerhouse. MAAC, with its team of committed employees and franchisees, is a strong brand in the animation education space. We intend to further strengthen the brand and its centres. It is also a clear reflection of our strong belief in the bright future of the animation industry in India and abroad."

Mr. Niraj Bhukhanwala, Director MEL said "The management of MAAC felt that through this integration, MAAC & Aptech will be able to harness all the benefits of a large company in a growing market and keep competition at bay. Through this, both the brands will be able to capitalize on each other’s strengths - particularly in the area of branding and product development. We are confident that this deal will enable both the brands to reach greater heights."

Aptech also declared its standalone quarterly results for the period ending December 31, 2009. Profit after tax for the period was Rs. 3.61 crores, as compared to a loss of Rs. 0.9 crores in the same quarter of previous year.

For further information, please contact:

Aptech Limited

Shrutidhar Paliwal

Mobile: +919320720477

Email: shrutidharp@aptech.ac.in