Loan Note Conversion and Issue of Equity

13 June 2018

MALVERN INTERNATIONAL PLC

("Malvern" or the "Company")

Loan Note Conversion

Issue of Equity

Holdings in Company 

Malvern International plc (AIM: MLVN), the global learning and skills development partner, has been informed by KSP Investment Pte Limited ("KSP") that KSP has distributed 7,953,672 ordinary shares of 1p each in Malvern ("Ordinary Shares) and £328,102 of its convertible loan notes in Malvern (which are convertible into Ordinary Shares of Malvern at a price of 5 pence per share) to Mr Ho Peng Cheong, a director and shareholder of KSP, who is now leaving KSP (the "Distribution").

In addition, KSP has given notice to convert £540,000 of its remaining convertible loan notes into 10,800,000 new Ordinary Shares at an exercise price of 5 pence per share (the "Loan Note Conversion"). Following the Distribution and Loan Note Conversion, KSP holds £231,898 of convertible loan notes and 38,654,445 Ordinary Shares, representing 17.2 per cent. of Malvern's issued ordinary share capital.

Malvern has issued and allotted 10,800,000 new Ordinary Shares each pursuant to the Loan Note Conversion. Application has been made for the 10,800,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). Dealings are expected to commence on 19 June 2018.

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that following this Loan Note Conversion its issued share capital comprises 224,988,333 Ordinary Shares of 1 pence each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 224,988,333. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Notes to Editors:

Malvern International is a global learning and skills development partner preparing students and learners to meet the demands of a professional life. Courses are delivered on sites in London, Singapore, and Malaysia; with the option of studying across multiple campus' over the duration of the same course; and online through the Malvern Online Academy - making step change education accessible while taking part in the learner's journey to success.

Courses include:

· Certificate, Diploma and pre-University programs;

· University degree and post-graduate programs;

· Courses for professional examinations;

· Tuition services for secondary school students and English language teaching.

Established in the 1980's and admitted to AIM in 2004, Malvern employs approximately 250 people and delivers a wide range of courses. Malvern's growth strategy is driven by organic growth initiatives complemented by strategic acquisitions. For further investor information go to www.malverninternational.com www.walbrookpr.com/malvern