FIL Fairview International Plc

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.

Neither this announcement, nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase any shares referred to in this announcement.

Fairview International PLC

("Fairview" or the "Company")

Admission to Trading on the LSE and First Day of Dealings

Fairview, the operator of international schools following the International Baccalaureate curriculum, is pleased to announce the admission of the Company's entire issued share capital to the Equity Shares (Transition) Category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities. Dealings in the Company's ordinary shares will commence at 08:00 GMT today under the symbol "FIL".

The Company has carried out a placing and subscription of 26,500,000 ordinary shares at an issue price of 10 pence to raise £2.65 million before expenses. On Admission, the Company will have 556,000,000 ordinary shares in issue with a market capitalisation of the Company of £55.6 million (at the issue price). The ISIN number is GB00BR83RJ78 and the SEDOL is BR83RJ7.

The Company's prospectus was published on 4 October 2024 and is available to view on its website at: https://www.fairviewplc.uk/prospectus2024, subject to certain access restrictions.

Daniel Chian, Chairman of Fairview, said: "We are pleased to announce our successful fundraising and admission of our shares to the Main Market.  We hope the conclusion of our IPO is the beginning of the next chapter in our expansion as we seek further opportunities to grow the Fairview network of schools in Asia and the UK.  According to the Asian Development Bank, the middle class in Asia will number 3.5 billion and account for over 65 per cent. of the global middle-class population by 2030.  The IB curriculum's emphasis on critical thinking, global citizenship and multilingualism aligns closely with the values and aspirations of many Asian families.  I believe that Fairview is well placed to serve this rapidly growing marketplace and I look forward to updating investors on our progress."

For further information, please contact:

IMPORTANT LEGAL INFORMATION

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

This announcement is not for release, publication or distribution in whole or part, directly or indirectly, in or into the United States, Canada, Australia, South Africa or Japan or any other jurisdiction where such distribution would be unlawful. This announcement does not constitute a prospectus or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or otherwise invest in, Ordinary Shares to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful, including the United States (including its territories or possessions or any State of the United States and the District of Columbia (the "United States")), Canada, Australia, South Africa or Japan. The Ordinary Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or under the laws or with any securities regulatory authority of any state of the United States. The Ordinary Shares may not be offered, sold, pledged or otherwise transferred in the United States, except to qualified institutional buyers ("QIBs") as defined in, and in reliance on, Rule 144A under the US Securities Act ("Rule 144A") or pursuant to another exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act. There will be no public offering of securities in the United States.

This announcement is only addressed to and directed at specific addressees who are in the United Kingdom, and are "qualified investors" within the meaning of Article 2(e) of the UK version of the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation") who are: (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (iii) are other persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of FSMA (as amended)) in connection with the sale of any securities of the Company or any member of its group may otherwise lawfully be communicated or caused to be communicated; (all such persons referred to in (i), (ii) and (iii)  together being "Relevant Persons"). This announcement must not be acted on or relied on in the United Kingdom, by persons who are not Relevant Persons, and/ or persons outside the United Kingdom.

Potential investors should not base their financial decision on this announcement. Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making investments should consult an authorised person specialising in advising on such investments. The value of the Ordinary Shares can decrease as well as increase.

Nothing contained herein constitutes or should be construed as (i) investment, tax, financial, accounting or legal advice, (ii) a representation that any investment or strategy is suitable or appropriate to your individual circumstances or (iii) a personal recommendation to you.

For the avoidance of doubt, the contents of the Group's website, or any website directly or indirectly linked to the Group's website, are not incorporated by reference into, and do not form part of, this announcement.

About Fairview International PLC

Fairview was established to acquire two companies which own and operate two private independent schools in Malaysia that offer the International Baccalaureate programme. One of these schools is located in Kuala Lumpur, the capital of Malaysia, and the other is located in the southern state of Johor close to the border with Singapore.  These schools trade under the Fairview brand which was founded in 1978, and were subsequently acquired by Agodeus Sdn Bhd, a company owned by the Chian family, in 2012.  There are three other schools in Malaysia and one in the United Kingdom that also trade under the Fairview brand, which are outside of the Company's group.  All schools in the Fairview network are individually recognised by the International Baccalaureate Organisation as fully accredited to offer the IB programme across the primary and middle years; ages 5 to 16, with Fairview KL also offering the diploma programme for 16 to 19 year olds.  Each of the schools not owned by the Company will continue to operate independently from the Company following Admission but will continue to use the Fairview brand under licence from the Company accessing the resources of the FIS Network.  The Company acquired the school in Kuala Lumpur as it is the largest and flagship school that uses the Fairview brand, whilst the school in Johor was acquired as it focuses on the expatriate market in Singapore and so is more internationally focused than the remaining schools which are more focused on the domestic Malaysian market.

The Company plans to develop and operate its own schools and also to acquire more schools which can offer international education including the IB programmes both in Asia and the UK.  The Company in particular believes there is an opportunity to acquire underperforming private independent schools in the UK and adapt its product offering to be authorised to offer the IB programme.  With a rise in popularity of the IB programme in both the independent and state sector in the UK, with a growing acceptance of IB graduates by UK universities, the Directors believe that the Company's schools will appeal particularly to the ASEAN, China and Hong Kong market; particularly families looking for an educational foundation in the UK prior to studying at a UK University.  This option has become increasingly attractive to Asian parents as they are increasingly concerned about the safety of their children and have a perception that Asian pupils are less welcome in further education establishments in the United States and Australia which traditionally would also have been considered by Asian parents as university destinations.

For further information, visit www.fairviewplc.uk.