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British College Yangon signed to open in Thanlyin Star City

Yoma Strategic Holdings Ltd. (the “Yoma Strategic”, together with its subsidiaries, the “Group”) and Education Index Management (“EIM”) signed for definitive legal agreements to design, build and operate a premium international school within the Group’s Thanlyin Star City (“Star City”) development area. Brit- ish College Yangon is currently planned to open for the 2016/2017 academic year and will provide a British curriculum enhanced for Myanmar and foreign students from 2 to 18 years of age. The Group will develop the school buildings and facilities, which will be leased to the school. Academic and op- erational management of the school will be administrated by EIM’s subsidiary Dulwich College International (“DCI”) with Dulwich College in London supporting as education- al adviser. The campus will be located on 8.3 hectares of land within Star City. The total development cost for the internation- al school (excluding the cost of the land development rights) is expected to be ap- proximately US$40 million on completion, subject to finalization of design and quantity surveys. The campus facilities will be made available to Star City’s residents during out- of-school hours.