26 August 2011

1. 2nd Qtr 2011 Analyst Briefing 26 August 2011

2. Disclaimer • This presentation is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract, commitment or investment decision in relation thereto. • This presentation has been prepared solely for use at the presentation to research analysts. By accepting this presentation, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this presentation until notified by Masterskill Education Group Bhd (“Masterskill” or the “Company”) that research publication is permitted. • This presentation contains forward looking statements which are based on the current predictions of the Company and subject to a number of uncertainties and risks.  The Group does not undertake to update or revise these forward looking statements and the actual events may differ materially as a result of, among other factors, changes in the regulatory, other business and operational risk and changes in political, economic and social developments. • This presentation may not be distributed, disclosed, copied or otherwise reproduced, in whole or in part, without the written consent of Masterskill.

3. SECTION 1 Business Highlights

4. Campus Updates Seri Alam , Johor New Campus, Bandar Baru Bangi • Architect has finalised the building orientation drawing. • Received approval from Jabatan Alam Sekitar on 8 April 2011. • Pending approval from “Kebenaran Merancang (KM)” • Appointment of Quantity Surveyor on 25July 2011. • Earthwork submission upon obtaining approval for KM. • Approved to run MBBS programme with 100 student quota from MOHE. • MMC approval to enrol student received. • 31 students enrolled for Foundation Programme as at 31 July 2011. • MBBS programme will start on 20 October 2011. Kota Kinabalu, Sabah • Construction of new building expected to be completed by Dec 2011. Business School, PJ Kuching, Sarawak • Completion of S&P Agreement for Bangunan Takaful in Section 19 • To commence operation in March/April 2012 • Launching of Kuching campus on 28 June 2011

5. Programme Updates Cumulative programme approvals

6. Student Updates No. of Active Students Nursing Allied Health

7. Campuses Utilisation Rate (%) Masterskill University College of Health Sciences Masterskill College of Nursing and Health

8. Future University Campus - Bangi PROPOSED DEVELOPMENT OF UNIVERSITY COLLEGE CAMPUS AT LOT 7606, 7619, 7620, 7627, 7635, 7628, 7622, 7629, 7623 & 7630, MUKIM KAJANG, DAERAH ULU LANGAT, SELANGOR DARUL EHSAN FOR MASTERSKILL EDUCATION GROUP BERHAD HOSTEL

9. Future University Campus PROPOSED - AUDITORIUM

10. Future University Campus HOSTEL IMAGE

11. Future University Campus - Site Plan

12. Future University Campus • ER Consult has been appointed as the Quantity Surveyor on 25 July 2011

13. Status Update of Material Litigation

14. Shareholding Structure MEGB 22.1% 56.4% 21.5% Dato’ Sri Edmund Santhara & family Public Crescent Point • Notes: • As at 31 July 2011 • Foreign shareholding – 51.83%

15. SECTION 2 Financial Highlights 2nd Qtr 2011 (unaudited)

16. 2nd Quarter Financial Results • Reduction in revenue due to: • Lower student enrolment • due to the Ministry of Higher Education’s decision to align the academic term for local institutions of higher learning (IPTs) with that of universities abroad by moving the intake commencement date from June/July to September. • Reduction in profit due to: • Increase in academic staff cost • better lecturer / student ratio • high number of students taking degree programmes • Increase in depreciation and support staff cost which was in line with Company’s expansion.

17. 1st Half Financial Results • Reduction in revenue due to: • Lower student enrolment • due to late announcement of Sijil Pelajaran Malaysia (SPM) results in March 2011 and the Ministry of Higher Education’s decision to align the academic term for local institutions of higher learning (IPTs) with that of universities abroad by moving the intake commencement date from June/July to September. • Reduction in profit due to: • Increase in academic staff cost • better lecturer / student ratio • high number of students taking degree programmes • Increase in depreciation and support staff cost which was in line with Company’s expansion.

18. 1st Half Revenue Breakdown (RM million) Registration, processing and administration fees Allied Health Nursing

19. 1st Half Total Cost Breakdown 30/6/11 30/6/10 18% 17% 18% 17% 11% 8% 16% 14% 12% 19% 16% 9% 13% 12% Hostel expenses Academic staff costs Other opex Transportation costs Other cost of sale Supporting staff costs Depreciation RM97.4m63% RM104.8m75% Total Costs (% of Revenue) • Major components of costs are student hostel expenses, student transportation costs and staff costs. • Increase in staff cost due to better lecturer/student ratio and increase in supporting staff to support the business. • Increase in depreciation was generally attributed to commencement of new campuses.

20. Strong cash flow from operations and low gearing levels Cash and cash equivalents (RM million) • High cash and cash equivalents in June 2010 was due to IPO proceeds of RM143.5 million. • Increase in gearing in June 2011 was due to drawdown of new facilities. Total debt (RM million) Gearing 0.05x 0.11x

21. Property, plant and equipment at cost 351.1 • Capex included infrastructure spend to support growth in student population • The increase in capex is mainly due to campus expansion in Kota Kinabalu. • Future capital expenditure expected to relate largely to expansion of our campuses, construction and fitting out of buildings for new university campus in Bangi, Selangor to be funded by internally generated funds, IPO proceeds and additional banking facilities procured as needed.

22. Purchase of property, plant and equipment for 1st Half • As at 30/6/11, work in progress included land and building for Kota Kinabalu and Bangi.

23. THANK YOU