Convertible Loan

RNS Number:6476R
Europasia Education PLC
23 September 2005


Embargoed 7am 23 September 2005


                         EUROPASIA EDUCATION plc


Fund Raising to raise up to #1 million
Increasing stake in Chinese University


EuropAsia Education plc ("EPE" or "the Company"), the AIM-listed educational
group, is to raise up to #1 million to increase its existing stake in the
management company to profitable Chinese university, Shandong International
Institute of Translation ("SIIT").

The money will be raised via the issue by EPE of one million five year unlisted
convertible loan notes of #1 each, paying interest of 10 per cent a year, with a
conversion price of 1p per share and 100% warrant coverage.  The Company already
has commitments for #500,000, including #310,000 from its directors and
associates.

The funds will be used to raise EPE's stake in Jersey based China Education
Group Ltd ("China Education"), ultimate holding company of Europasia (Beijing)
Educational Technology Co Ltd ("EPE Beijing"), from the current 12 per cent to
20 per cent.  EPE Beijing has a long term contract to manage SIIT and recently
announced profits of #2.4 million on turnover of #4.0 million.

London Asia Corporate Finance has been appointed for the upcoming listing of
China Education on the UK's OFEX stock market.  Papers are currently being
prepared for a proposed listing in November.

James Holmes, EPE Chairman, said:  "With the Company's financial position now
considerably improved as a result of substantial reductions in running costs and
the funds generated from E2000, our UK based language and training college, we
feel the time is right to expand our activities which this financing will enable
us to do.  We are very excited by the ambitious growth plans at SIIT and are
keen to get a larger share of its expanding profits through increasing our stake
in China Education.  The OFEX listing will hopefully demonstrate the value and
potential of this investment and endorse our strategy of selectively acquiring
stakes in profitable education businesses both in China and the UK".

"The directors and others associated with EPE have shown their belief in the
future of the Company and its strategy by putting their own money into the issue
".


For further information visit www.europasiaeducation.com or contact:

James Holmes, Chairman                            020 7248 7578
EuropAsia Education plc

Paul Quade                                        020 7248 8010
CityRoad Communications                           07947 186694


About Shandong International Institute of Translation

Based in Shandong Province, China, SIIT was established in June 1999. It offers
2-3 year-diploma and 4-year-undergraduate degrees courses in foreign languages,
computer science, information technology, international commerce and trade,
hospitality and tourism. There are currently over 8,000 students, based in two
campuses in Shandong Province, China.

The college provides accessible, affordable, high-quality post-secondary
education that prepares students to enter the job market, allows them to
transfer to universities, helps them to study and work abroad, and assists them
in achieving their professional and personal goals.

As the first translation college in Shandong Province, the college provides a
wide variety of language learning and translation programs in English, Chinese,
Korean, Japanese, Russian, French, German, Spanish, Arabic, Italian, Greek and
Esperanto. A strong college transfer program has evolved to allow students the
opportunity to take the first two years of a baccalaureate degree and transfer
to one of the state's four-year institutions. Ninety-six percent of SIIT
graduates are employed or continuing their education within six months of
graduation.  For additional information, see http://www.wsfy.cn/english/
index1.htm


About Europasia Education plc

EPE is an AIM listed education investment group, focused on opportunities in
Europe and Asia.  It owns 100% of Education 2000, an English language and work
experience placement business based in Bournemouth, UK, and Columbia
International, trading under the name Management International, an education
consulting and work placement business based in London.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

IODSEIFMESISEDU