Quarter Ending December 31, 2006

01/03/2007


Total Student Enrollment Increases 13% to 243,800 Students Worldwide

BALTIMORE--(BUSINESS WIRE)--March 1, 2007--Laureate Education, Inc. (NASDAQ: LAUR), the world's leading international provider of higher education, announced record revenue and strong financial results for the quarter and year ended December 31, 2006.

  • Full-year 2006 revenues increased 31% to $1,145.8 million, compared to total revenues of $875.8 million in the same period of 2005.
  • Income from continuing operations available to common shareholders for the full-year 2006 was $104.2 million or $1.96 per diluted share, compared to $1.66 per diluted share in the same period of 2005. Excluding the full-year impact of the change in accounting for minority share ownership purchase agreements ("minority put agreements") of ($0.13) per share and the impact of SFAS123R stock option expense of ($0.10) per share, full-year 2006 EPS increased 32% over the same period in 2005. (For details see Reg G Reconciliation in the financial tables that follow).
  • Fourth quarter 2006 revenues increased 25% to $346.6 million, compared to $276.4 million in the fourth quarter of 2005.
  • Income from continuing operations available to common shareholders in the fourth quarter of 2006 was $54.1 million or $1.02 per diluted share, compared to $44.7 million or $0.85 per diluted share in the same period of 2005. Excluding the impact of the change in accounting for minority share ownership purchase agreements ("minority put agreements") of ($0.13) per share and the impact of SFAS123R stock option expense of ($0.03) per share, EPS grew 39% in the fourth quarter of 2006 compared to the fourth quarter of 2005. (For details see Reg G Reconciliation in the financial tables that follow).
  • The Company's campus-based institutions reported total student enrollment of 210,700 at December 31, 2006, an increase of 11% over 2005.
  • Laureate Online Education reported total student enrollment of 33,100 at December 31, 2006, an increase of 24% over 2005.
  • In 2006, Laureate Education acquired an additional 10% interest in its Mexican business and acquired the remaining 20% interest in its Chilean businesses. Additionally, the Company expanded capacity at several campus locations in Europe and Latin America and launched new academic programs, study abroad programs and programs for working adults.
  • On January 28, 2007, Laureate Education entered into a definitive merger agreement to be acquired by its Founder/CEO and an investor consortium for $60.50 per share in cash. In connection with the proposed agreement, Laureate will file a proxy statement with the Securities and Exchange Commission. During 2007, the Company anticipates that it will incur expenses associated with the transaction contemplated by the merger agreement.
  • The Company believes that it will have a loss ranging from $0.79 to $0.81 per share for the quarter ending March 31, 2007. This includes an EPS impact from the minority share ownership purchase agreements ("minority put agreements") of ($0.60) per share and additional expense of ($0.15) per share related to the transaction contemplated by the merger agreement.
  • On a full-year basis, the Company believes its 2007 income from continuing operations available to common shareholders will range from $1.63 to $1.73 per diluted share. The Company's revised earnings guidance includes an EPS impact for the minority share ownership purchase agreements ("minority put agreements") of ($0.51) per share and additional transaction related expenses of ($0.31) per share, excluding compensation-related expenses payable upon the closing of the transaction.

Financial and Other Results

As previously announced in February 2006, all financial information for 2005 has been restated to reflect a preferential change in accounting for tuition revenue.

Total revenues for the fourth quarter of 2006 were $346.6 million, an increase of 25% compared to total revenues of $276.4 million in the fourth quarter of 2005. Total operating income for the fourth quarter of 2006 increased to $79.5 million, versus operating income of $69.1 million in the fourth quarter of 2005. Income from continuing operations available to common shareholders in the fourth quarter of 2006 was $54.1 million or $1.02 per diluted share including a ($0.03) EPS impact for SFAS123R stock option expense.

Included in the 2006 fourth quarter and full year results are impacts from the application of accounting for minority share ownership purchase agreements ("minority put agreements"). The Company concluded that the cumulative effect of the change is immaterial for restatement of prior years and as such, all adjustments have been recorded in 2006. Fiscal 2006 results were negatively impacted by a charge of ($0.13) per share ($0.03 per share relates to prior years) as a result of applying EITF 00-4, "Majority owner's accounting for a transaction in the shares of a consolidated subsidiary and a derivative indexed to the minority interest in that subsidiary", and ASR-268, Accounting Series Release 268 - "Mandatorily Redeemable Preferred Stocks".

Under EITF 00-4, the Company treats minority share ownership purchase agreements ("minority put agreement") as a financing arrangement and accounts for the acquired company on a combined basis as if it owned 100% of the venture. As a result, the Company's balance sheet reflects a higher level of goodwill and an increased amount of debt. From an income statement perspective, applying EITF 00-4 resulted in a net $0.05 fourth quarter reduction in earnings. Specifically, interest expense increased as the agreement is now accounted for as debt, and the minority interest expense decreased as the acquired company is now accounted for as if it were a wholly owned venture.

Under ASR-268, the Company accounts for the minority partner's put agreement similar to a mandatorily redeemable security. As such, to the extent the value of the minority partner's put exceeds the minority interest, the Company has increased the minority interest for the obligation with a corresponding offset to equity. The Company's earnings are not impacted for these charges to equity; however there is an impact to EPS. In 2006, EPS was reduced by $0.08 for the effect of this change. However, unlike EITF 00-4, the accounting under ASR-268 results in EPS timing differences. The negative EPS charges will ultimately be reversed once the minority partner exercises its put and the Company acquires the remaining ownership in the acquired company. (Please refer to the company's Fiscal 2006 10-K for additional detail regarding the impact of this application of accounting).

Excluding the impact of the accounting for minority share ownership purchase agreements ("minority put agreements") and the impact of stock option expense, EPS from continuing operations in the fourth quarter of 2006 would have been $1.18 or a 39% increase over fourth quarter 2005. (For details see Reg G Reconciliation in the financial tables that follow).

For the year ended December 31, 2006, total revenues were $1,145.8 million, an increase of 31% compared to total revenues of $875.8 million in the same period of 2005. Total operating income for the year 2006 increased to $148.4 million, versus operating income of $130.9 million in 2005. Income from continuing operations available to common shareholders for the year ended December 31, 2006 was $104.2 million or $1.96 per diluted share, an increase of 18% over 2005. Excluding the impact of FAS123R stock option expense of ($0.10) per share and the full year impact of the accounting for minority share ownership agreements of ($0.13) per share, EPS would have been $2.19 or a 32% increase over 2005 results. (For details see Reg G Reconciliation in the financial tables that follow).

Total cash, including restricted cash, and marketable securities at December 31, 2006 were $130.6 million, while total company debt was $468.7 million.

Additional presentation material related to this press release, including the Reg G Reconciliation, are available under "Presentations and Webcasts" in the investor relations section of the Company's web site, www.laureate-inc.com.

Revenue Growth - Organic and Acquisition
----------------------------------------------------------------------
For three months ended December 31st
                                                         % Growth
                                     Revenue          Amount  Constant
(In Thousands)                  2006        2005      in USD  Currency
                             ----------- ----------- -------- --------
   Mexico/Central America(1) $   97,034  $   87,893       10%      12%
   South America(2)              89,172      79,148       13%      13%

   Europe(3)                     68,774      55,832       23%      16%
   Online                        67,042      53,505       25%      25%
                             ----------- -----------
Subtotal                        322,022     276,378       17%

Acquisitions(4)                  24,604           -
                             ----------- -----------

Total                        $  346,626  $  276,378       25%
                             =========== ===========

(1) Mexico/Central America includes Mexico, Costa Rica, Honduras and
 Panama.
(2) South America includes Chile, Ecuador, Peru and Brazil (December
 2005 & 2006).
(3) Europe includes Cyprus (December 2005 & 2006)
(4) Acquisitions include: Anhembi Morumbi (Oct & Nov 2006) and Cyprus
 College (Oct & Nov 2006).

Revenue Growth - Organic and Acquisition
----------------------------------------------------------------------
For twelve months ended December 31st
                                                         % Growth
                                     Revenue          Amount  Constant
(In Thousands)                  2006        2005      in USD  Currency
                             ----------- ----------- -------- --------
   Mexico/Central America(1) $  312,993  $  263,443       19%      19%
   South America(2)             287,091     243,140       18%      14%
   Europe(3)                    207,332     184,888       12%      12%
   Online                       234,608     184,353       27%      27%
                             ----------- -----------
Subtotal                      1,042,024     875,824       19%

Acquisitions(4)                 103,737           -
                             ----------- -----------

Total                        $1,145,761  $  875,824       31%
                             =========== ===========

(1) Mexico/Central America includes Mexico, Costa Rica, Honduras (2H
 2005 and 2H 2006), and Panama.
(2) South America includes Chile, Ecuador, Peru and Brazil (December
 2005 & 2006).
(3) Europe includes Cyprus (December 2005 & 2006)
(4) Acquisitions include: UNITEC (Q1 and Q2 2006), Cyprus College
 (through November 2006), and Anhembi Morumbi (through November 2006).


Student Enrollment
-----------------------------------------
As of December 31, 2006

New Student Enrollment (1)                 2006      2005    % Change
                                          -------- --------- ---------
        Mexico/Central America             44,500    36,300        23%
        South America                      38,500    29,500        31%
        Europe                              8,300     6,800        22%
                                          -------- ---------
Total Campus Based                         91,300    72,600        26%

Online                                     22,600    19,400        16%
                                          ======== =========

Total New Student Enrollment              113,900    92,000        24%

Total Student Enrollment (2)               2006      2005
                                          -------- ---------
        Mexico/Central America             94,900    82,600        15%
        South America                      95,000  87,000(3)        9%
        Europe                             20,800    19,600         6%
                                          -------- ---------
Total Campus Based                        210,700   189,200        11%

Online                                     33,100    26,800        24%
                                          -------- ---------

Total Student Enrollment                  243,800   216,000        13%
                                          ======== =========

(1) New Student Enrollment is YTD, reported as of 12/31/2006 and 12
 /31/2005, respectively.
(2) Total Student Enrollment is census, reported as of 12/31/20 06 and
 12/31/2005, respectively.
(3) Student enrollment in 2005 is revised to reflect attrition and
 graduations at 3 campuses, which was corrected in Q3 2006.

Financial Outlook

The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially.

The Company is updating 2007 guidance to include the effects of minority share ownership purchase agreements ("minority put agreements") and anticipated transaction related costs.

    First Quarter 2007:

    --  For its campus-based and online businesses, Laureate Education
        anticipates total revenue of $265 to $290 million for the
        first quarter 2007.

    --  The Company anticipates campus-based revenue of $200 to $220
        million for the first quarter 2007, with operating margins
        between 2% and 3%. The first quarter is the Company's
        seasonally weakest quarter due to Southern Hemisphere schools
        which are out of session for the majority of the quarter.
        Latin America revenue is expected to be between $130 and $145
        million with operating margins of (2%) to (4%). Europe revenue
        is expected to be between $70 and $75 million with operating
        margins of 22% to 23%. General and administrative expenses for
        the campus-based division are expected to be approximately $6
        to $7 million.

    --  The Company anticipates online revenue of $65 to $70 million
        for the first quarter 2007, with operating margins between 13%
        and 14%.

    --  Corporate general and administrative expenses are expected to
        be approximately $10 to $12 million in the first quarter 2007.

    --  Minority interest is expected to be 41% to 43% of campus-based
        operating profit in the first quarter.

    --  The Company believes that it will have a loss ranging from
        $0.79 to $0.81 per share for the quarter ending March 31,
        2007. This includes an EPS impact from minority share
        ownership purchase agreements ("minority put agreements") of
        ($0.60) per share and additional expense of ($0.15) per share
        related to the transaction contemplated by the merger
        agreement.

    --  Weighted average shares outstanding is expected to be
        approximately 51.7 million for the quarter ending March 31,
        2007.

    Full-Year 2007:

    --  For its campus-based and online businesses, the Company
        anticipates total revenue of $1,275 to $1,375 million for the
        full-year 2007. Total enrollment growth of 11% to 13% for
        campus-based and 18% to 21% for online is expected.

    --  The Company anticipates campus-based revenue of $1,000 to
        $1,070 million for the full-year 2007, with operating margins
        between 18% and 19%. Latin America revenue is expected to be
        between $760 and $805 million with operating margins of 22% to
        24%. Europe revenue is expected to be between $240 and $265
        million with operating margins of 13% to 14%. Full-year
        general and administrative expenses for the campus-based
        division are expected to be approximately $23 to $25 million.

    --  The Company anticipates online revenue of $275 to $305 million
        for the full-year 2007, with operating margins between 19% and
        20%.

    --  Corporate general and administrative expenses are expected to
        be $46 to $50 million in the full-year 2007.

    --  The Company anticipates its full-year 2007 tax rate to be
        between 10% and 13%.

    --  Minority interest is expected to be 10% to 12% of campus-based
        operating profit in for the full year.

    --  On a full year basis, the Company believes its 2007 income
        from continuing operations available to common shareholders
        will range from $1.63 to $1.73 per diluted share.
        Fully-diluted weighted average shares outstanding are expected
        to be approximately 54.2 million for the year ending December
        31, 2007. The Company's revised earnings guidance includes the
        EPS impact from minority share ownership purchase agreements
        ("minority put agreement") of ($0.51) per share and additional
        transaction related expenses of ($0.31) per share, excluding
        compensation-related expenses payable upon the closing of the
        transaction.

    Non-GAAP Financial Measures

This earnings release contains certain non-GAAP financial measures. Management believes these non-GAAP items provide useful information to management and investors by excluding certain items that may not be indicative of the Company's core operating and financial results. Non-GAAP financial measures exclude gain or loss from the sale of, and income or loss from, discontinued operations; certain other non-cash charges including expense related to stock options; and the impact from the charges related to minority share ownership purchase agreements ("minority put agreements"). Reconciliations of non-GAAP financial measures to corresponding GAAP amounts can be found in the tables below and in the investor relations section of the Company's web site, www.laureate-inc.com.

Reg G Reconciliation - 2006 GAAP to Adjusted Results
(in thousands, except per share)
                                                  Three Months   EPS
                                                 Ended 12/31/06 Impact
                                                 -------------- ------
Income from continuing operations available to
  Common shareholders                            $      54,122  $1.02
Adjustment:
  EITF 00-4 adoption                                     2,731   0.05
  Effect of minority put agreements                      4,214   0.08
  Non-cash compensation charges, net of tax              1,782   0.03

Adjusted Results                                 $      62,849  $1.18

Weighted Average Shares Outstanding - Diluted           53,284

Reconciliation - 2006 GAAP to Adjusted Results
(in thousands, except per share)
                                                 Twelve Months   EPS
                                                 Ended 12/31/06 Impact
                                                 -------------- ------
Income from continuing operations available to
   Common shareholders                           $     104,197  $1.96
Adjustment:
  EITF 00-4 adoption                                     2,432   0.05
  Effect of minority put agreements                      4,214   0.08
  Non-cash compensation charges, net of tax              5,413   0.10

Adjusted Results                                 $     116,256  $2.19

Weighted Average Shares Outstanding - Diluted           53,030

About Laureate Education, Inc.

Laureate Education, Inc. (NASDAQ: LAUR) is focused on providing a superior university experience to nearly 244,000 students through the leading global network of accredited campus-based and online universities. Addressing the rapidly growing global demand for higher education, Laureate offers a broad range of career-oriented undergraduate and graduate programs through campus-based universities located in Latin America, Europe, and Asia. Through online universities, Laureate offers the growing population of non-traditional, working-adult students the convenience and flexibility of distance learning to pursue undergraduate, master's and doctorate degree programs in major career fields including engineering, education, business, and healthcare. For more information, please visit our website, www.laureate-inc.com.

Forward-Looking Statements

This release includes information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, the Company's actual results could differ materially from those described in the forward-looking statements. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Laureate's ability to control or predict. Laureate undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Certain additional factors could affect the outcome of the matters described in this press release, including particularly the transaction contemplated by the merger agreement. These factors include, but are not limited to:

    --  The Company's operations can be materially affected by
        competition in its target markets and by overall market
        conditions, among other factors.

    --  The Company's foreign operations, in particular, are subject
        to political, economic, legal, regulatory and currency-related
        risks.

    --  The proposed merger could disrupt current plans and
        operations, cause difficulties in employee retention and
        require the Company to expend significant costs, fees,
        expenses and charges.

    --  The Company may be unable to complete the merger due to the
        failure to obtain stockholder approval or the failure to
        satisfy other conditions to completion of the merger,
        including the receipt of stockholder approval and expiration
        of the waiting period under the Hart-Scott-Rodino Antitrust
        Improvements Act of 1976.

Additional information regarding various risk factors and uncertainties is detailed from time to time in the Company's filings with the Securities and Exchange Commission, including but not limited to our most recent Forms 10-K and 10-Q, available for viewing on our website. (To access this information on our website, www.laureate-inc.com, please click on "Investor Relations", "SEC Filings").

Important Additional Information Will Be Filed With the SEC

In connection with the proposed merger agreement by and among Laureate, Wengen Alberta, Limited Partnership and L Curve Sub Inc., which is attached as an exhibit to a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2007, Laureate will file a proxy statement with the Securities and Exchange Commission. Investors and security holders are advised to read the proxy statement when it becomes available, because it will contain important information about the merger between Laureate and L Curve Sub Inc. and the parties thereto. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Laureate at the Securities and Exchange Commission's Web site at http://www.sec.gov. The proxy statement and such other documents may also be obtained for free from Laureate by directing such request to Laureate Education, Inc., Office of Investor Relations, 1001 Fleet Street, Baltimore, Maryland 21202, telephone (410) 843-6394.

Laureate and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed merger. Information concerning the interests of Laureate's participants in the solicitation, which may be different than those of Laureate stockholders generally, is set forth in Laureate's proxy statements and Annual Reports on Form 10-K, previously filed with the Securities and Exchange Commission, and in the proxy statement relating to the merger when it becomes available.

Laureate Education, Inc. & Subsidiaries
Consolidated Statements of Operations
(Amounts in thousands, except per share data)

                                Three Months Ended December 31,
                          --------------------------------------------
                            2006        2005     $ Variance % Variance
                          --------------------------------------------
Revenues                              (restated)
  Mexico & Central
   America(a)               $97,034     $87,893     $9,141         10%
  South America (b)         107,787      79,148     28,639         36%
                          ---------- ----------- ---------- ----------
 Campus Based - Latin
  America                   204,821     167,041     37,780         23%

  Mediterranean Region(c)    42,146      28,564     13,582         48%
  Hospitality                17,135      13,854      3,281         24%
  France                     15,482      13,414      2,068         15%
                          ---------- ----------- ---------- ----------
 Campus Based - Europe       74,763      55,832     18,931         34%

                          ---------- ----------- ---------- ----------
 Campus Based Total         279,584     222,873     56,711         25%
                          ---------- ----------- ---------- ----------

 Laureate Online
  Education                  67,042      53,505     13,537         25%

                          ---------- ----------- ---------- ----------
Total revenues              346,626     276,378     70,248         25%
                          ---------- ----------- ---------- ----------

 Core operating expenses    253,503     198,938     54,565         27%
 General and
  administrative expenses    13,654       8,355      5,299         63%

                          ---------- ----------- ---------- ----------
Total operating expenses    267,157     207,293     59,864         29%
                          ---------- ----------- ---------- ----------

Operating income             79,469      69,085     10,384         15%

Non-operating items
 Gain on sale of Chancery
  Software, Ltd.                  -           -          -        N/A
 Interest and other
  income                      6,483       3,224      3,259        101%
 Interest expense           (22,143)     (2,753)   (19,390)  LT -200%
 Foreign exchange gain
  (loss)                      4,283        (726)     5,009        N/A
                          ---------- ----------- ---------- ----------
Total non-operating items   (11,377)       (255)   (11,122)  LT -200%
                          ---------- ----------- ---------- ----------

Income from continuing
 operations before
 minority interest,
 equity in net income
 (loss) of affiliates,
 and income taxes            68,092      68,830       (738)        -1%
Minority interest in
 income of consolidated
 subsidiaries, net of
 income tax                   1,578     (11,274)    12,852        N/A
Equity in net (loss)
 income of affiliates,
 net of income tax             (181)       (165)       (16)       -10%
Income tax expense          (11,153)    (12,736)     1,583         12%
                          ---------- ----------- ---------- ----------
Income from continuing
 operations                  58,336      44,655     13,681         31%

Gain (Loss) from
 discontinued operations,
 net of income tax (d)       (2,670)     (1,797)      (873)       -49%
Gain (Loss) on disposal
 of discontinued
 operations, net of
 income tax                     372         599       (227)       -38%
                          ---------- ----------- ---------- ----------
Net income                  $56,038     $43,457    $12,581         29%
                          ========== =========== ========== ==========

Earnings available to
 common shareholders:

Income from continuing
 operations                 $58,336     $44,655    $13,681         31%
Effect of minority put
 arrangements                (4,214)          -     (4,214)       100%
                          ---------- ----------- ---------- ----------
Income from continuing
 operations available to
 common shareholders        $54,122     $44,655     $9,467         21%
                          ========== =========== ========== ==========

Net income                  $56,038     $43,457    $12,581         29%
Effect of minority put
 arrangements                (4,214)          -     (4,214)       100%
                          ---------- ----------- ---------- ----------
Net income available to
 common shareholders        $51,824     $43,457     $8,367         19%
                          ========== =========== ========== ==========

  Weighted average shares
   (basic)                   51,552      49,881
  Weighted average shares
   (diluted)                 53,284      52,267
  EPS-Net income
   available to common
   shareholders (basic)       $1.01       $0.87
  EPS-Net income
   available to common
   shareholders (diluted)     $0.97       $0.83
  EPS- Income from
   continuing operations
   available to common
   shareholders (basic)       $1.05       $0.90
  EPS- Income from
   continuing operations
   available to common
   shareholders (diluted)     $1.02      $ 0.85

  Segment operating
   profit (loss):
   Campus Based - Latin
    America                 $63,661     $52,835    $10,826         20%
   Campus Based - Europe     19,960      14,497      5,463         38%
   Campus Based -
    Overhead                 (9,019)     (4,427)    (4,592)      -104%
                          ---------- ----------- ---------- ----------
  Campus Based - Total      $74,602     $62,905    $11,697         19%
                          ---------- ----------- ---------- ----------

  Laureate Online           $18,521     $14,535     $3,986         27%
                          ---------- ----------- ---------- ----------

a)Mexico & Central America includes Mexico, Costa Rica, Panama and
 Honduras.
b)South America includes Chile, Brazil, Ecuador and Peru.
c)The Mediterranean Region includes Spain and Cyprus.
d)The 2006 and 2005 operating results present the WSI and IFG Laugues
 business units as discontinued operations.
GT = Greater Than, LT = Less Than

                                    Year Ended December 31,
                          --------------------------------------------
                            2006        2005     $ Variance % Variance
                          --------------------------------------------
Revenues                              (restated)
  Mexico & Central
   America(a)              $318,800    $263,443    $55,357         21%
  South America(b)          368,555     243,140    125,415         52%
                          ---------- ----------- ---------- ----------
 Campus Based - Latin
  America                   687,355     506,583    180,772         36%

  Mediterranean Region(c)   115,503      88,714     26,789         30%
  Hospitality                62,211      53,403      8,808         16%
  France                     46,084      42,771      3,313          8%
                          ---------- ----------- ---------- ----------
 Campus Based - Europe      223,798     184,888     38,910         21%

                          ---------- ----------- ---------- ----------
 Campus Based Total         911,153     691,471    219,682         32%
                          ---------- ----------- ---------- ----------

 Laureate Online
  Education                 234,608     184,353     50,255         27%

                          ---------- ----------- ---------- ----------
Total revenues            1,145,761     875,824    269,937         31%
                          ---------- ----------- ---------- ----------

 Core operating expenses    951,283     715,958    235,325         33%
 General and
  administrative expenses    46,079      28,996     17,083         59%

                          ---------- ----------- ---------- ----------
Total operating expenses    997,362     744,954    252,408         34%
                          ---------- ----------- ---------- ----------

Operating income            148,399     130,870     17,529         13%

Non-operating items
 Gain on sale of Chancery
  Software, Ltd.              9,322           -      9,322        N/A
 Interest and other
  income                     19,014      11,789      7,225         61%
 Interest expense           (37,064)    (10,440)   (26,624)  LT -200%
 Foreign exchange gain
  (loss)                      4,823      (1,503)     6,326        N/A
                          ---------- ----------- ---------- ----------
Total non-operating items    (3,905)       (154)    (3,751)  LT -200%
                          ---------- ----------- ---------- ----------

Income from continuing
 operations before
 minority interest,
 equity in net income
 (loss) of affiliates,
 and income taxes           144,494     130,716     13,778         11%
Minority interest in
 income of consolidated
 subsidiaries, net of
 income tax                 (11,420)    (24,154)    12,734         53%
Equity in net (loss)
 income of affiliates,
 net of income tax             (555)       (535)       (20)        -4%
Income tax expense          (24,108)    (19,667)    (4,441)       -23%
                          ---------- ----------- ---------- ----------
Income from continuing
 operations                 108,411      86,360     22,051         26%

Gain (Loss) from                                             LT -200%
 discontinued operations,
 net of income tax (d)       (4,456)     (1,411)    (3,045)
Gain (Loss) on disposal
 of discontinued
 operations, net of
 income tax                   1,668      (9,152)    10,820        N/A
                          ---------- ----------- ---------- ----------
Net income                 $105,623     $75,797    $29,826         39%
                          ========== =========== ========== ==========

Earnings available to
 common shareholders:

Income from continuing
 operations                $108,411     $86,360    $22,051         26%
Effect of minority put
 arrangements                (4,214)          -     (4,214)       100%
                          ---------- ----------- ---------- ----------
Income from continuing
 operations available to
 common shareholders       $104,197     $86,360    $17,837         21%
                          ========== =========== ========== ==========

Net income                 $105,623     $75,797    $29,826         39%
Effect of minority put
 arrangements                (4,214)          -     (4,214)       100%
                          ---------- ----------- ---------- ----------
Net income available to
 common shareholders       $101,409     $75,797    $25,612         34%
                          ========== =========== ========== ==========

  Weighted average shares
   (basic)                   51,225      49,625
  Weighted average shares
   (diluted)                 53,030      52,028
  EPS-Net income
   available to common
   shareholders (basic)       $1.98       $1.53
  EPS-Net income
   available to common
   shareholders (diluted)     $1.91       $1.46
  EPS- Income from
   continuing operations
   available to common
   shareholders (basic)       $2.03       $1.74
  EPS- Income from
   continuing operations
   available to common
   shareholders (diluted)     $1.96       $1.66

  Segment operating
   profit (loss):
   Campus Based - Latin
    America                $149,193    $123,526    $25,667         21%
   Campus Based - Europe     27,571      24,570      3,001         12%
   Campus Based -
    Overhead                (25,592)    (16,286)    (9,306)       -57%
                          ---------- ----------- ---------- ----------
  Campus Based - Total     $151,172    $131,810    $19,362         15%
                          ---------- ----------- ---------- ----------

  Laureate Online           $43,306     $28,056    $15,250         54%
                          ---------- ----------- ---------- ----------

a)Mexico & Central America includes Mexico, Costa Rica, Panama and
 Honduras.
b)South America includes Chile, Brazil, Ecuador and Peru.
c)The Mediterranean Region includes Spain and Cyprus.
d)The 2006 and 2005 operating results present the WSI and IFG Laugues
 business units as discontinued operations.

CONTACT: Laureate Education
Rosemarie Mecca, 410-843-8070
Chief Financial Officer
or
Chris Symanoskie, 410-843-6394
Director, Investor Relations

SOURCE: Laureate Education, Inc.