Corporate overview of KUE/KLC education platform with leadership names

@ Strong leadership teams KUE -—— Strong team of highly experienced professionais at the KUE level, led by CEO Lowell Milken, Chairman Michael Milken and Vice-Chairmen Steven Green and Ted Sanders. The team contributes an average of more than two decades of experience in their respective fields to KUE. ~~ Providing corporate headquarters support services in the areas of strategy and business development, acquisitions, recruiting of executives, communication and government relations. KLC OpCo — Highly experienced management team comprised of both experts in the field of education (COO Dr. Elanna Yalow has substantial experience operating for-profit ECE centers), as well as business professionals. ~~ Seasoned executive and middle management team with average Company tenure of ten years. 12 ~~ Chairman, Founder and acting CEO Ron Packard has extensive experience in the K-12 education space and was previously with KLC before founding «12. John Baule, Executive Vice President and CFO, served as CFO of Headstrong for five years before joining 412. 1.2.3. Value Creating Strategy @ Value is created by owning assets across the pre-K-12 education continuum Incremental value is expected to be created from strategic and financial synergies inherent in a global platform — The Company can exploit the similarities in various education markets by capitalizing on the assets it owns (e.g., using KLC's expertise to establish similar operations across geographies and across the pre-K-12 education continuum), — Sharing of best practices globally and ability to cross-sell products and services to the Company's customers. — Entry into less structured international markets early in their development cycle to establish attractive competitive positions. @ Multiple growth opportunities at KLC and k12 Top line organic growth at KLC OpCo is expected to be driven by several factors: — Historically the industry has demonstrated a pattern of price increases above inflation. Historical industry data shows an average tuition rate increase of 7% per annum. — Higher “Utitization’"* resulting from increased student enrollment, improved retention rates, further network rationalization to better align supply with demand, more favorable center build rate in the broader industry and favorable macro trends. * Source: The National Economic Impacts of the Child Care Sector 2002. 25 HOUSE_OVERSIGHT_024458