5 April 2022

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse (amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Starcrest Education Limited

("Starcrest" or the "Company" or the "Group")

Directorate Changes

Starcrest Education Limited (LSE: OBOR), the international developer and operator of education services in Europe, is pleased to announce the appointments of Mr. Lim Hun Soon ("David Lim") and Mr. Jasbeer Singh to the Board as Independent Non-Executive Directors with immediate effect.  The directorate changes are further to the announcement on 23 March 2022 regarding the advance agreement with Fairview International School (UK) Limited and proposed acquisition of Fairview IB World Schools.

Professor Petford and Mr. Cumming will step down from their roles as Independent Non-Executive Directors of the Company with immediate effect.

Mr. David Lim is currently a Non-Executive Director of Press Metal Aluminium Holdings Bhd, Public Investment Bank Bhd, Ranhill Utilities Bhd, Kawan Food Bhd and Rockwills Trustees Bhd. Mr David Lim has also held a number of other Non-Executive Directorships and a former Council member representing Malaysia for the Institute of Chartered Accountants in England and Wales - ICAEW (2013-2019) and retired after serving the maximum term of 3 terms of 2 years.  He retired from KPMG in 2011 after 33 years, including 21 years as a Partner and in both the Management Committee and Supervisory Board for over a decade.

Mr. Jasbeer Singh is an Advocate and Solicitor of Malaysia with extensive litigation, arbitration, advisory and conveyancing experience.   He acts as an advisor to a number of listed corporations and public administrative bodies across a wide variety of sectors and industries.   

John McLean OBE, Non-Executive Chairman, commented:
"I am delighted to welcome both Mr. David Lim and Mr. Jasbeer Singh to the Board at this transformational time in the Company's development.  They bring extensive financial and legal expertise across a broad range of businesses.

"I would also like to express my thanks to both Professor Petford and Mr. Cumming for their valuable contribution to the Company. We all wish them all the very best in the future."

There are no further matters to be disclosed in accordance with LR 9.6.13.

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Notes to editors:

Starcrest is an international developer and operator of education services in Europe. The Company was established to seek acquisition opportunities in the international education sector and to provide premier education services and products in the UK and to countries in Europe. 

Starcrest listed on the Main Market of the London Stock Exchange on 31 January 2019 under the ticker symbol (LSE: OBOR). Further information can be found on the Company's website at https://www.starcresteducation.com.