COLOMBO, Sri Lanka—February 11, 2008 —eCollege, a leading provider of comprehensive eLearning technology and services to education in the United States, has signed an agreement with the Board of Investment of Sri Lanka to extend the company’s current software development projects in Sri Lanka.

The agreement creates a total investment of $540,000 and will generate many new employment opportunities for software development engineers in Sri Lanka. eCollege Lanka, an extension of eCollege, will begin operations with a team of 40+ software professionals.

The new agreement upgrades an existing Build Operate and Transfer (BOT) agreement initiated in April 2004 between eCollege and a global IT outsourcing company in Colombo, Sri Lanka.

“The Sri Lanka team played an important role in the development of our next generation eLearning platform,” said Vance Allen, Chief Technology Officer at eCollege. “This new agreement allows us to continue and deepen our software development relationship. Their ongoing dedication will help eCollege maintain its position as a market leader in innovative education technology.”

eCollege Lanka will officially start operations on February 16, 2008. The company will operate a Software Development Centre and Quality Assurance Office on Level 13 of the World Trade Centre’s West Tower. Once the agreement takes effect, eCollege Lanka will become more involved in the product development initiatives of eCollege’s Product Engineering and Technology team in Denver, Colorado.

“In 2008, eCollege Lanka will recruit a number of software professionals to add to our highly skilled development team,” said Nalina Wijesundara, Director and General Manager of eCollege Lanka. “We are building a team that can handle complex and challenging tasks of developing software for the leading, hosted eLearning service provider in the marketplace.”

About eCollege:

eCollege, a Pearson company (LSE: PSON, NYSE: PSO), is a leading provider of value-added information services to the postsecondary and K-12 education industries. The company provides a comprehensive, on-demand eLearning solution that supports some of the most successful, fully online degree, certificate/diploma and professional development programs in the country. eCollege was founded in 1996 and is headquartered in Denver. In 2007, eCollege was acquired by Pearson Education, the global leader in educational publishing. Pearson Education is part of Pearson, the international media company. In addition to Pearson Education, Pearson’s primary operations include the Financial Times Group and the Penguin Group. For more information, visit www.ecollege.com or www.pearson.com

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