2007: ESMT Strengthened for Continued Growth

ESMT European School of Management and Technology increased its
turnover in the business year 2007 by more than 40 percent to EUR 13.8
million (from EUR 9.7 million in 2006). The number of participants in
the international programs grew by 16 percent to 2620 (2006: 2259).

This growth rate was achieved through the acquisition of new
clients, the engagement of ESMT´s sponsoring companies, the
introduction of new programs and the establishment of the
research-based consulting unit ESMT Competition Analysis (CA) - the
latter with strong expertise in competition policy and regulatory
issues. The number of ESMT employees also increased from 73 to 98
full-time equivalents.

ESMT will continue to be dedicated to the recruitment of
first-rate international faculty. Nine additional professors joined
ESMT in 2007, including the newly appointed Associate Dean of Research
(Francis de Vericourt, previously Duke University) and the Associate
Dean of Faculty (Luc Wathieu, previously Harvard Business School).
Additionally, ESMT installed an Academic Advisory Board, including
Antonio Borges (Vice Chairman and International Advisor Goldman Sachs
International, previously Dean of INSEAD), Martin F. Hellwig
(Professor of Economics at the Universitat Bonn), Mario Monti
(President Universita Bocconi) and Stefan J. Reichelstein (Professor
of Accounting, Stanford Graduate School of Business).

A new degree program, the Executive MBA, was launched in October
2007 with 30 participants from 13 different countries.

The rental contract for the ESMT campus in Munich-Riem was
discontinued as of January 1, which means ESMT will focus on its main
campus in Berlin and its second location in Cologne, Schloss Gracht.
This decision coincides with the departure of the Hertie School of
Governance from Schlossplatz 1, due to its own strong growth, which
will take place at the end of 2008. The Berlin campus will be
available for the sole use of ESMT starting in 2009.

About ESMT

ESMT European School of Management and Technology was founded in
October 2002 on the initiative of 25 leading German companies and
associations with the aim of establishing an international management
school with a distinctly European focus. ESMT provides executive
education and offers an international full-time MBA program, as well
as an Executive MBA. As a private institution of higher education,
ESMT is fully accredited by German authorities.