Further re Recoletos

Pearson PLC 25 February 2005 25 February 2005 Update on Recoletos sale Pearson announces that it has accepted Retos Cartera S.A.'s public tender offer in respect of Pearson's 79% stake in Recoletos, in accordance with the agreement between Pearson and Retos Cartera announced on 14 December 2004. The offer was launched at a price of €7.20 per share and values Pearson's stake at €743 million. The offer has received regulatory approval and is expected to be completed in the first quarter of 2005. For more information: Luke Swanson / Charlotte Elston + 44 (0) 20 7010 2310 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Pearson (PSON)
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