Investee Update

29 Sep 2005 07:04

JZ Equity Partners PLC29 September 2005 For Immediate Release 29 September 2005 JZ Equity Partners Plc ("JZEP") IPO of TAL International Group, Inc. JZ Equity Partners Plc ("JZEP") is pleased to announce that on Tuesday,20thSeptember 2005, TAL International Group, Inc. ("TAL") issued a preliminaryprospectus following the filing of the initial registration statement by TAL on30th June 2005. Based upon the estimated price to public provided in the preliminary prospectus,JZEP's shares would be valued at approximately US$28.5 million, as compared tothe current valuation of TAL in JZEP's portfolio of US$14.5 million and wouldincrease the net asset value per share of JZEP by approximately 7.6p per share.As with all filings of this nature there can be no assurance that the offeringwill be successfully completed or completed at the estimated price. In addition,if the offering does proceed, the sale by JZEP of part or all of its equityholding would be subject to various restrictions. This is not an offer to sellsecurities of TAL, and such offer will only be made by TAL's preliminaryprospectus. Contact: JZ Equity Partners 020 7491 3633Andrew Withey, ChairmanBuchanan CommunicationsMark Edwards / Isabel Podda 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange