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Institutional Investors Presentation

G8 Education Limited (ASX:GEM) November 2011

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Overview

G8 Education’s child care portfolio comprises:

• Australia
• 132 owned child care centres
• 6 centre acquisition in South East Queensland
• Singapore
• 56 franchised child care centres
• 16 franchisees seeking premises
• 7 owned child care centres
• 13 operated child care centres
• * The 13 operated child care centres in Singapore are the subject of litigation. The case

has been heard and a decision is anticipated in early 2012.

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A portfolio of outstanding child care brands:

• Early Learning Services
• World of Learning
• Bourne Learning
• Community Kids
• Holiday Club
• Kindy Patch
• Headstart
• Kids Corner
• Cherie Hearts
• Focus on the importance of education in child care
• Make good centres great through focusing on
• utstanding child care management

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Guidance for 2011

Financial year ending 31 December 2011

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2011 Guidance - reaffirmed

2011 Guidance for Australia AUD $ million 2011 Guidance for Singapore AUD $ million** 2011 Guidance for the Group AUD $ million Revenue 125.50 6.85 132.35 Expenses 106.74 5.35 112.09 Earnings Before Interest and Tax 18.76 1.50 20.26 Interest 1.90 ‐ 1.90 Net Profit Before Tax 16.86 1.50 18.36 Net Profit After Tax# 11.55 1.24 12.79

# Excludes legal fees in relation to the litigation between the Cherie Hearts group of companies, Sam Yap and Gurchran Singh and G8 Education Limited as these are considered non recurring expenses **Assumes an exchange rate of 1.28 times as used in the group’s previous guidance announcements for Singapore.

G8 Education Limited has a calendar financial year. The group’s previous guidance for the 2011 financial year is reaffirmed.

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Acquisition Update

• Acquisition of 6 centres in South East Queensland is unconditional with

respect to due diligence but remains subject to conditions precedent of an administrative nature (such as licensing)

• Financial close: December 2011
• Purchase price: $8.2 million
• Centre EBIT for current year: $2.05 million
• Historical EBIT multiple: 4 times

Key Performance Indicators Occupancy: 95% Licensed places: 437 Average rate per day: $72.66

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Acquisition Improvements

Revenue EBIT EBIT margin ($’000) ($’000) (%) ELS (settled December 2007) 1H10 16,013 2,261 14.1% 1H11 16,545 2,561 15.5% Variance (%) 3.3% 13.3% 10.0% Payce (settled March 2010) 1H10 11,752 1,230 10.5% 1H11 12,941 2,180 16.8% Variance (%) 10.1% 77.2% 60.0% Kindy Patch (settled March 2011) 1H10 11,356 1,056 9.3% 1H11 12,996 1,473 11.3% Variance (%) 14.4% 39.5% 21.5% Local Kids (settled June/September 2010) 1H10 Not Available – Private Companies 1H11 10,150 1,477 14.5% Variance (%) N/A N/A N/A

Note: Due to the seasonality of the Australian Child care industry the EBIT margin is stronger in the second half of the calendar year as centre

• ccupancy grows.

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Financial Improvements

Since 30 June 2011 the following key drivers of the business have changed:

• Increase in Long Day Care fees effective from July 2011 of 4.3% against a

forecast of 3.5%

• Increase in Award wages effective from July 2011 of 3.5% against a

forecast of 4.0%

• Reduction in Lending Margin from 2.25% to 1.85% as a result of all

covenants met for the half year ended 30 June 2011.

• Contracts for sale secured for 5 underperforming centres.

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Organisation Chart

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Board of Directors

Brian Bailison Non‐Executive Director Andrew Kemp Non‐Executive Director Chris Scott Managing Director Jenny Hutson Chairperson Susan Forrester Non‐Executive Director Matthew Reynolds Non‐Executive Director

Senior Management

Chris Sacre Chief Operating Officer/ Company Secretary Chris Scott Managing Director Currently Recruiting Chief Financial Officer

Operational

Jae Fraser General Manager, Operations

Operations Managers

12 operations managers

Centre Directors

132 centre directors

Childcare Personnel

More than 2,600 centre staff

+8,000 children in care

Group S tructure

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BOARD OF DIRECTORS Managing Director Chief Financial Officer Group Accountant Accountant Accounts Payable (4) Accounts Assistants (2) Chief Operating Officer General Manager Operations Managers (7) Centre Directors (76) Senior Operations Manager Operations Managers (5) Centre Directors (56) HR Manager HR Assistants (2) Payroll Manager Payroll Assistant Marketing Manager Marketing Assistant Business Support Manager Admin & Reception (2) Maintenance (SE Qld) (2) IT & Communications Manager

Australian Operations

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S ingapore Operations

BOARD OF DIRECTORS Managing Director Chief Operating Officer Deputy Chief Operating Officer General Manager, Operations Senior Manager, Operations (2) Operations Managers (Centre based) (5) General Manager, Curriculum & Services Head, Curriculum and Training Senior Manager, Curriculum (3) Senior Executive, Curriculum Senior Manager, HR (2) Head, Finance & Acquisitions Senior Manager, Procurement & Accounts Senior Accounts Executive Accounts Executive General Manager, Franchise & Marketing Senior Manager, Franchise & Marketing Senior Manager, Franchise General Manager, IT

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Directors profiles

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Board of Directors

Jenny Hutson, B.Com, LLB, FAIM, Chairperson Merchant banker and fund manager Experienced corporate adviser and company director Over 20 years experience in capital markets involving listed companies Member of the G8 Education Audit Committee. Chris Scott, B.Econ(Hons), Managing Director Over 25 years experience in senior management positions including as founder and managing director of ASX listed S8 Limited which was an integrated travel company that made 36 acquisitions over 5 years and was capitalised at $700 million. More than 20 years business in Singapore where he was involved in a number of successful businesses Exceptional operational, analytical and strategic skills critical in selection of potential acquisition. Susan Forrester BA(Hons), LLB(Hons), EMBA, FAICD, FAIM, Non‐Executive Director Experienced company director with diverse portfolio career Keen focus on strategic development, corporate governance, brand and reputation management and strategic human resources Currently a director of Ergon Energy and a senior consultant to Board Matters Pty Ltd which provides expert advice to listed and unlisted boards on governance.

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Board of Directors

Brian Bailison B.Com, B.Acc (Cum Laude), ACA, Non‐Executive Director Over 15 years experience in finance, corporate finance and operations from senior roles in South Africa and Australia including senior positions at Rand Merchant Bank Limited and the Ivany Investment Group. Former director of Payce Child Care Pty Ltd which operated 59 child care centres prior to them becoming part of the G8 Education Group. Member of the G8 Education Audit Committee Andrew Kemp, B.Com, CA, Non‐Executive Director Managing director of Huntington Group, a Queensland based advisory firm that has operated for over 25 years Has structured and implemented the ASX listing of over 10 companies in addition to other corporate advisory and investment activities. Mr Kemp joined AIFC, the merchant banking affiliate of the ANZ Banking Group in Sydney prior to establishing Huntington Group Member of the G8 Education Audit Committee Matthew Reynolds, BSc(Hons), LLB(Hons), MQLS, Non‐Executive Director Extensive experience in ASX Listings, management buy‐outs and mergers and acquisitions. Expert in providing high level advice in a stringently regulated and highly technical market Mr Reynolds is a director of the Thailand based conglomerate Minor International and its subsidiary Delicious Food

• Holdings. The group recently acquired the Oaks Hotel group in Australia. He has held a number of board positions on

emerging companies in the energy and resources and technology sectors.

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S ingapore Update

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Cherie Hearts

• The legal proceedings between G8 Education Limited and the Cherie Hearts

Group, Sam Yap and Gurchran Singh in relation to various issues involving the contractual arrangements between the parties has been heard before Her Honour Justice Prakash in Singapore. The hearing commenced in Singapore in September 2011 and is now complete.

• Final submissions in the case are due in mid December 2011. It is anticipated a

decision will be made in early 2012.

• The original vendors, namely the Cherie Hearts group is not directly involved in
• perating the Cherie Hearts childcare centres.
• The original 13 corporate centres acquired from Cherie Hearts continue to be
• perated by G8 Education pending judgment.
• Seven corporate centres in Singapore have been acquired from third parties

directly and are operating strongly, as are the 56 Cherie Hearts franchised centres which have been operated by G8 Education Limited since 1 December 2010.

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Capital structure

Shares on issue Current shares on issue* 187,418,479 Debt Current debt – National Australia Bank $36.8 million Dividend Policy Quarterly dividends at 50% ‐ 60 % payout ratio Currently 1 cent per share per quarter. Dividends to be fully franked from December 2011 quarter. *Shares on issue on completion of announced acquisitions assuming EBIT targets are met on the Kindy Patch acquisition: 199,418,479

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S ubstantial shareholders

Shareholder Number of Shares Percentage holding

Perpetual Nominees Limited and subsidiaries 28.2 million 15.04% Wallace Infrastructure Pty Ltd 24.0 million 12.82% Paradice Investment Management Pty Ltd 14.8 million 7.84% Northcape Capital Pty Ltd 16.5 million 8.80% Challenger Limited and associated entities 9.4 million 5.01%

*As set out in the Annual Report or as notified to ASX in Substantial Shareholder Notices

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Disclaimer

This presentation has been prepared by G8 Education Limited based on the information available to them. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, neither G8 Education Limited ors its directors, employees or agents, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or

• therwise arising in connection with it, including, without limitation, any liability arising

from fault or negligence on the part of G8 Education Limited or its directors, employees or agents. The information in this presentation does not take into account the investment objectives, financial situation and particular needs of investors. Before making an investment in G8 Education Limited, an investor should consider whether such an investment is appropriate for their particular investment objectives, financial situation and particular needs and consult a financial adviser if necessary.

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