3rd July 2014 - Settlement Update

Listed Queensland based childcare and education center operator G8 Education Limited (ASX:GEM) is pleased to provide this settlement update in relation acquisition of childcare and education centres announced to the market during 2014.
As set out in the ASX release of 3 April 2014, the G8 Education group of companies has conditional contractual arrangements that will enable it to acquire up to 154 childcare and education centres with a combined total of 10,457 places by 30 September 2014.
During June 2014, G8 Education has settled 11 childcare and education centres, adding 879 places in Australia.
The acquisitions have been funded from existing cash reserves.
The G8 Education group now has 349 childcare and education centres in Australia, with a daily licence capacity of 24,821 children.