Intueri Education : IQE - SFO enquiry into Quantum closed

NZX RELEASE

12 April 2017

IQE - SFO ENQUIRY INTO QUANTUM CLOSED

Intueri Education Group Limited (NZX: IQE) has been advised that the Director of the Serious Fraud Office (SFO) has decided to close their enquiry into Quantum Education Group, with no further action required.

This enquiry, which focused on historical enrolment matters at Quantum, followed an initial request for information in January 2016. Intueri received no further requests or notifications from the SFO following the request for information.

The only outstanding regulatory matter for Intueri is the Tertiary Education Commission (TEC) investigation into Quantum. Intueri is scheduled to provide a response to the draft investigation report by 12 May 2017.

Chris Kelly, Intueri Chair says "Intueri is very pleased that the SFO enquiry has been closed. We are focused on providing a response to the draft TEC report, and look forward to a conclusion of that investigation shortly. We are continuing to focus on delivery of quality vocational learning opportunities for both domestic and international students in New Zealand through our three PTE groups."

-Ends-

For more information, please contact:

Rod Marvin Interim CEO

[phone]

[e-mail]

About Intueri:

Intueri Education is a New Zealand headquartered group of private training establishments delivering vocational education to students in New Zealand and from around the world. We provide industry-appropriate courses and qualifications across a diverse range of industries, working closely with those industries to ensure training remains relevant and employment- outcome focused. Intueri is listed on the NZX under the ticker symbol IQE.

Intueri Education Group Limited | intueri.co.nz | [e-mail]