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2017-02-06

Internationella Engelska Skolan: Internationella Engelska Skolan has sent in its written comments on the Reepalu proposal to the Ministry of Finance

"The Reepalu commission has provided a totally inaccurate description
of what serious organizations like Internationella Engelska Skolan
stand for and contribute with to society. Its proposals cannot form
the basis for legislation." This is a core conclusion from the Board
of Internationella Engelska Skolan (IES), in its statement of opinion
sent to the government on Monday. IES is the leading free school
organization in "Grundskolan" (grades 1-9), operating 29 such schools
in Sweden plus one upper secondary school during the current school
year, with 21 400 students. As of 30 September 2016, there were
approximately 122,000 applications in the waiting list to secure a
place for the forthcoming year.

Mrs. Barbara Bergstrom, the Founder of IES, adds: "I can state with
certainty, that Engelska Skolan would not exist, had the Reepalu
proposal been the law at the time. Through the years, our schools
have saved thousands of students being tormented by bullying and
suffering from lack of the most basic safety in public schools,
schools marked by chaos. IES has provided students with a safe
environment, and peace to work. We have brought, currently, 700
teachers to Sweden from other countries, teachers in subjects like
Math and Science, who are very hard to find in Sweden today."

"I am proud of what we have created, and don't want to see it
destroyed because of ideological fundamentalism. I cannot conceive
that this will happen, either. But the threat against our very
existence must stop, hopefully through a broad, pragmatic political
agreement. The Reepalu proposal is a distraction, and cannot be
considered a part of the solution."

The statement from IES raises the fundamental question of the purpose
of the Reepalu commission. The answer cannot be found in problems in
schools or health care, considered by other commissions. The real
answer is to be found within politics itself. The Reepalu commission
is a result of political blackmail from the Left party during the
formation of a new government after the election of 2014. The
governing Social Democrats now seem to think that it is a smart
political play to invent an ideological conflict before the 2018
election, thereby distracting from the real problems facing the
country. The Reepalu commission has therefore started with a
conclusion in a desperate search for a problem. It has not reached
its conclusion based on any objective and rational analysis of facts.

The political system in Sweden is currently marked by "confusion and
lack of order" ("oordning och oreda"), not the companies operating in
education and health care, writes IES. The Reepalu commission was
unnecessary from start and is highly damaging in its proposals. It
should be replaced by a balanced and pragmatic political agreement,
creating long-term stability for the educational and health care
markets.

In its extensive statement of opinion, IES shows why entrepreneurship
and companies must be allowed to develop the plurality of options
needed for choice. The statement explains in detail how quality in
the operations is the only way to achieve long-term success and
profits. To create surplus in existing operations is a necessary
precondition for expansion, and also serves as a security for parents
and students. IES carries a financial burden of over 4,000 MSEK for
rental contracts alone. No landlord would ever enter into a contract,
if they could not be sure that IES has a strong cash flow and
financial solidity. The statement makes the fundamental point that
the Reepalu commission has not at all understood what constitutes
capital ("insatt capital") in a service company like IES.

The IES statement to the Ministry of Finance also counteracts the
accusation that a school company like IES contributes to
"segregation". The dominant problem here is that many schools are not
operated in a way which helps lift the academic results of all
students, due to a Rousseau paradigm of rejecting adult authority.
New important research from the University of Göteborg on `School
Excellence' gives strong evidence that this is the crucial problem,
made greater by the huge number of recently arrived immigrant
students. Last academic year, 2015/2016, 36 percent of IES students
had a foreign background, well above the 22 percent for Swedish
municipal schools.

"Internationella Engelska Skolan provides a role model for structure,
order and systematic quality work from a school operator, according
also to the National Schools Inspectorate. That makes it preposterous
if the government would come with proposals aimed at destroying a
company like IES", the Board concludes.

IES full written comments on the Reepalu proposal, that have been
submitted to the Ministry of Finance, can be found on IES webpages,
www.engelska.se and www.corporate.engelska.se.

For more information, please contact:

Johan Hähnel, IES's IR Manager
Tel: +46 (0)70 605 6334
e-mail: johan.hahnel@engelska.se

About IES

Internationella Engelska Skolan, IES, is one of the leading free
school operators in Sweden with some 21,400 students in 30 schools in
the academic year 2016/17. IES provides schooling from year 1 of
grade schooling up to and including the third year of senior high
school. Its main focus is on grades 4 - 9, known internationally as
middle school. Within the compulsory school system in Sweden, IES is
the leading independent provider with nine of the ten largest
independent schools. IES school's results in the grade nine national
tests are consistently well above average compared to schools in
Sweden each year.

Internationella Engelska Skolan was founded in 1993 and is currently
in its 24thfinancial year. During all these years, the schools have
featured the three central pillars of what we offer students, as set
out by the organization's founder Barbara Bergström:

· To command the English language - the key to the world. Up to half
of our teaching is in English, performed by certified native
English-speaking teachers.

· A safe and orderly environment, where teachers can teach and
students learn.

· High academic expectations.
Up to half of education is conducted in English, by teachers whose
native language is English. Over 600 teachers qualified in foreign
countries-mainly Canada, the US, the UK and South Africa-teach in IES
schools.

The student body has expanded strongly. Revenue received has traced
yearly organic growth averaging 19% in the past 10 years. In the most
recent financial year 2015-2016 that concluded on 30 June 2016,
revenue received was SEK 1,807 m, an increase of some 17% on the
previous year. As of 30 September 2016, there were approximately
122,000 applications in the waiting list to secure a place for the
forthcoming year.

Internationella Engelska Skolan has been listed on Nasdaq Stockholm
Mid Cap with the ticker ENG since the end of September 2016. The
largest shareholders of IES are TA Associates of the US, which has
close affiliations to leading universities and foundations in the US,
and IES's founder Barbara Bergström. Other major shareholders include
Swedbank Robur Funds, investment company Öresund, Norron Asset
Management, the Third Swedish National Pension Fund and AMF Pension
(owned jointly by LO, The Swedish Trade Union Confederation and the
Confederation of Swedish Enterprise).

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http://news.cision.com/internationella-engelska-skolan/r/internationella...
http://mb.cision.com/Main/14803/2181280/624219.pdf

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