Kip McGrath Education Centres Ltd. announced that they will report first half, 2013 results on Feb 28, 2013

The Directors of Kip McGrath Education Centres Ltd. are saddened to advise the sudden passing of Mrs. Dagnija McGrath. Mrs. McGrath had been a director of the company since it's foundation in 1988 including the period since it was listed in 2003. She was instrumental in the development of the business and in particular the educational computer programs. These programs have been used to help countless children around the world and that will be her legacy. Mrs. McGrath had elected to stand for election at the company's Annual General Meeting to be held on 8 November 2012. In light of her passing, the company withdraws the item of business concerning her election set out in the company's Notice of Annual General Meeting.

Kip McGrath Education Centres Ltd. reported preliminary audited consolidated earnings results for the year ended June 30, 2012. For the year, the company reported revenue from continuing operations of AUD 7,912,000 compared to AUD 6,435,000 a year ago. Profit before income tax expense from continuing operations was AUD 219,000 compared to loss before income tax expense from continuing operations of AUD 596,000 a year ago. Profit after income tax expense for the year attributable to the owners of company was AUD 168,000 or 0.634 cent basic and diluted per share compared to loss after income tax expense for the year attributable to the owners of company of AUD 3,457,000 or 16.833 cents basic and diluted per share a year ago. Net cash from operating activities was AUD 533,000 compared to AUD 129,000 a year ago. Payments for property, plant and equipment were AUD 4,000 compared to 19,000 a year ago. Payments for intangibles were AUD 607,000 compared to AUD 807,000 a year ago. EBITDA was AUD 842,000 compared to LBITDA of AUD 48,000 a year ago.