Pearson Plc Completes Tender Offer For Shares Of National Computer Systems, Inc

Pearson plc, the international media company, announced today the successful completion of its cash tender offer for all of the outstanding shares of National Computer Systems, (NCS).

The depositary for the offer, ChaseMellon Shareholder Services, L.L.C., has advised Pearson that some 31,054,446 shares (including some 1,459,792 shares tendered by guaranteed delivery), or 94.76% of the shares, had been validly tendered and not withdrawn prior to the expiration of Pearson's tender offer at 12:00 midnight, New York City time on September 7, 2000. Pearson has accepted for payment all shares validly tendered and not withdrawn prior to the expiration of the tender offer.

Pearson plans to effect promptly a "short form" merger at the same $73 per share offered in the tender offer under which it will acquire 100% ownership of National Computer Systems.

Notes

On July 31, Pearson announced its plans to acquire NCS for $2.5 billion and merge NCS with Pearson Education to create the world's leading integrated education company. For more information about Pearson, go to www.pearson.com

For further information

Pearson plc

 

John Fallon

 

+44 (0)20 7411 2310


john.fallon@pearson.com