Deloitte and Everonn collaborate to offer IFRS training

Mumbai, India – November 26, 2010 -- Deloitte Touche Tohmatsu India Private limited (Deloitte in India) and
Everonn Education Limited announced a joint programme to offer training in IFRS and Enterprise Risk
Management. Two courses (IFRS Basic and IFRS Advanced) are planned to be rolled out during December
2010. Individuals skilled in International Financial Reporting Standards (IFRS) will be some of the most sought
after professionals in the marketplace. With the new accounting standards set to be applied April 2011 onwards,
it is imperative both at individual and corporate level to invest and develop the talent needed to support the IFRS
conversion.

Going forward additional content will be offered covering areas such as Risk Intelligence and Corporate
Governance. The IFRS content developed by Deloitte in India will be delivered by its team of experts from
Everonn Studios across the country using Everonn’s unique VSAT platform.

IFRS Basic course is targeted at non-professionals (graduates and those in the stage of completing their
graduation) who would seek employment in accounting. This course will help participants gain a good working
knowledge of various aspects of IFRS. The training is expected to be for approx 48 hours total, with sessions of
two hours each.

The IFRS Advanced course is targeted at professionals and seasoned employees engaged in the accounting
profession and provide higher level knowledge of all key aspects of IFRS. The trainings will conclude with an
evaluation based upon which a certification of completion would be provided. The Risk Intelligence courses
which will be rolled out within the next 2-3 months, will target high end professionals and business schools.

Commenting on the collaboration, Jim Brady, Leader of Deloitte’s Risk Consulting Practice said, “This
collaboration assumes significance considering the Ministry of Company Affairs has laid down the road map for
IFRS applicability in India. Therefore, we see a need to build a large pool of IFRS skilled professionals in the
India. Deloitte in India is committed to deploy the best in class tutors from its highly experienced and talented
pool of professionals in order to achieve our objective”.

First phase of IFRS will be implemented FY 2011-12, and cover NSE Nifty 50, BSE Senxex 30, companies with
overseas listing, and companies with more than Rs.1000 crore net-worth. By the FY 2014-15, all listed
companies are to comply with IFRS.

Kishore, Managing Director of Everonn remarked, “Everonn has presence in more than 1800 higher education
institutions across India, and with Deloitte India’s corporate clientele reach, this program is expected to receive
excellent response in the marketplace. The joint IFRS training programme gives a opportunity to large population
of students and professionals to be equipped with the required IFRS knowledge.”

Apart from India, countries like Canada, USA and Japan are committed to move to IFRS between 2011/2015,
and this offers great opportunity for Indian accounting professionals who are formally trained to provide services /
be employable in the global market.

Notes to the editor

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK Private Company Limited by guarantee, and its network of
member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed
description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a
globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local
expertise to help clients succeed wherever they operate. 

Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence.
This press release has been given by Deloitte Touche Tohmatsu India Private Limited, a Company established under the Indian
Companies Act 1956

Everonn Education Limited

Everonn has been a leading presence in the Indian education industry for over two decades and is listed on both the BSE and NSE. As
India’s first education and training company to offer satellite-enabled learning, Everonn is a pioneer in facilitating education using
breakthrough technologies. With its unwavering passion, Everonn has been on a constant quest to be the first to capitalize on the latest
in pedagogy and technology as a tool to improve learning across the country. With dedicated teams of market and education experts,
the company has been on the forefront of heralding the next advancement in learning, thus becoming a distinctive player in bringing
knowledge to students across geographical and cultural borders.
Everonn’s unrivalled reach in providing a blend of traditional and digitized content to the schools, colleges and retail segments has
helped the company offer quality education to students even in the most remote parts of India. The company’s efforts has borne fruit in
an extensive and well-connected network of schools, colleges and retail training centers that deliver best-in-class content through both
conventional as well as cutting-edge modes of learning. Everonn’s firm foothold in the web-based classes as well as the competitive
exam guidance arenas has further increased its ability to help change millions of students’ lives. Everonn today reaches out to over 3
million students through 9689 learning centres across 27 states and works with 16 State Governments of India. (30th September 2010).
Everonn has the expertise to design ‘wired and wireless knowledge and training delivery platforms’ to meet the educational needs and
the technological capabilities to stream relevant content simultaneously and seamlessly through VSAT, Broadband and the 3G
Spectrum (Mobile).

Everonn today is the largest VSAT education network in the World.

Listed on Forbes 'Best under a Billion' Asia List, 2010

For more information contact:

Corporate Communications
Everonn Education Limited
Everonn House
96-99 Industrial Estate, Perungudi
Chennai - 600 096
Ph: +91 44 42968400
E-mail: corp.comm@everonn.com
Web site: www.everonn.com

Last Updated:  10 December 2010