, which is owned by
The Washington Post Company (NYSE: WPO), has reached an agreement to acquire
Tribeca Learning Limited (ASX: TBC ) in a deal which values the Australian
professional learning company at around AUD$55-million.5 cents per share to be effected by a scheme of arrangement, subject to
shareholder and court approval and in the absence of a superior offer.
The offer is at a 40% premium to yesterday's closing price of AUD$0. This prospect, as well as
being part of an internationally-operating group, is clearly positive for
Tribeca staff," Mr Davis added.kaplan.

For financial training courses which are delivered over the Internet.

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"The fit with Tribeca is extraordinarily good."
"Kaplan's strength and expertise will help us capitalise on market
opportunities and further develop our offerings.

"We have seen the number of members
in PMI nearly triple to more than 150,000 members in over 150
countries over the past three years. Each of these certifications will represent essential
benchmarks professionals will need to move from managing small,
departmental projects, to handling large enterprise projects or
running a PMO.
"For more than 10 years, we've been delivering best of breed
training and enterprise learning services to Fortune 500 companies,
organizations, and government agencies ," said John Voorhees, vice
president of Worldwide Product Management for Global Knowledge.

About Global Knowledge

Global Knowledge is the largest privately held provider of
training, enterprise learning services, and software solutions for
information technology (IT) and management professionals .globalknowledge.

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The expansion will include 25 new
training courses and new strategic consulting services designed to
deliver individuals and organizations the strategic benefits of a
sound project management methodology. Delivered in classrooms, at
private facilities, or over the Internet, Global Knowledge has helped
Fortune 500 companies, organizations and government agencies leverage
learning to turn knowledge into productivity for employees, customers,
and channel partners.

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Founded in 1995,
Global Knowledge employs more than 800 people worldwide and is
headquartered in Cary, N .

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Scheme documents, including an Independent Expert's Report, are expected
to be dispatched to Tribeca shareholders in January, with scheme meetings
scheduled for February/March 2006. Its core business offering comprises
the provision of accredited education courses and professional development
training to financial institutions and their employees within the financial
planning, stockbroking , accounting, self managed superannuation, real estate
and mortgage broking markets.

Business Editors/High-Tech Editors

CARY, N.

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Tribeca is listed on the Australian Stock
Exchange (ASX: TBC).
Global Knowledge has more than doubled its staff of project
management and professional skills instructors to meet the growing
demand for training and consulting services. The company
offers a broad array of hands-on IT, project management, and
professional skills training featuring proprietary core and custom
curriculum as well as content from leading companies, including Cisco,
Microsoft , Nortel, Oracle, and Red Hat. Through the organization's OnDemand Software
Division, Global Knowledge also offers comprehensive software
solutions that enable rapid user adoption and accelerate return on
investment of enterprise application implementations.

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We have confidence in the
management team and we look forward to Tribeca's continued prosperity under
the Kaplan banner.

About Tribeca Learning Limited
Tribeca Learning Limited is a leading provider of education to the
Australian financial services sector.com.

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com.C.

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Tribeca Chairman, Don Stammer, said the board considered the proposal to
be in the best interests of shareholders, employees and customers. "Joining Kaplan , a world leader in the field of education,
opens up considerable scope for our company.
For individuals and organizations seeking to validate project
management training and skills, Global Knowledge will offer four new
certifications.

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The
impact for Tribeca will be significant through an ability to grow more quickly
while expanding its offerings.tribeca. The company's
project management programs will help customers accomplish
mission-critical projects on budget and on time, thereby improving
client satisfaction and enabling successful change management.

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Kaplan, which had 2004 revenue of more than US$1. The company's financial services education businesses include:

* Kaplan Financial, formerly known as Dearborn Financial Services, a
premier provider of securities and insurance education in the US.
For more information about Tribeca please visit the Tribeca website at
http://www.

Global Knowledge Announces Major Expansion of Project Management and Professional Skills Product Line; 25 New Training Courses and Enhanced Strategic Services

The company is owned by New York-based
investment firm Welsh, Carson, Anderson, and Stowe.com

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29 and
at a 34 % premium to the volume-weighted average trading price over the past 30
days.
"The Board welcomes the Kaplan bid for a number of reasons -- not least
because of the excellent fit with Tribeca.

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Kaplan Makes Agreed Offer for Tribeca Learning

Assuming shareholder and court approvals,
the transaction is expected to be completed in March/April 2006. Kaplan, which had
2004 revenues of more than US $1.----Global Knowledge, the
largest privately held provider of training and enterprise learning
services for information technology (IT) and management professionals,
announced today a major expansion of its project management and
professional skills product line.
Global Knowledge's new consulting services will include individual
and organizational assessments; development of strategic project
management plans; custom curriculum development; creation of the PMO;
and ongoing monitoring, tracking, and refinement of project management
programs.

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Successful project managers have the
ability to link strategic planning and execution, driving better
bottom line results.
Additionally, Global Knowledge is an official PMI Registered Education
Partner (REP).

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SYDNEY, Australia, Kaplan, Inc .

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au

About Kaplan
Kaplan provides higher education, professional training, test preparation ,
services for K12 schools and after-school learning programs.

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Tribeca Directors have unanimously endorsed Kaplan's proposed offer of
AUD40.1 billion, is a leading
provider of educational and career services for individuals, schools and
businesses. For more information about Kaplan,
please visit http://www.
"The project management profession continues to grow by leaps and
bounds," said James McGeehan, Manager of Public Relations for the
Project Management Institute (PMI), the world 's foremost advocate for
the project management profession.

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Kaplan International CEO William Macpherson said that Tribeca's businesses
were highly complementary to Kaplan's global offerings . Their role in contributing to the overall success
of specific company goals is both recognized and celebrated."
Adding to Global Knowledge's roster of strong performing courses
such as Project Management Essentials, PMP Exam Prep Boot Camp and
Communication and Negotiation Skills, 25 new courses will address
advanced topics including quality and risk management, enterprise
project management , establishing the project management office (PMO),
business analysis, project portfolio management , IT project
management, finance, scheduling and budgeting and people skills.

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"
Tribeca founder and CEO, Adam Davis, said the Kaplan offer was a strong
endorsement of Tribeca's business and its strategic position in the Australian
education sector.

Further information - media
Geoff Michels 011 61 414 36 38 42

Don Stammer
Chairman, Tribeca Learning 011 61 419 221 007

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"Expanding our project management and professional skills training and
services portfolio is a logical extension of our proven capabilities.
These new courses and services were expressly designed to meet the
rigorous demands professionals and organizations are facing in today 's
business environment. For more
information visit www.

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"
Tribeca Chairman, Don Stammer , echoed Mr Macpherson's remarks.1 billion, is a wholly owned subsidiary of The
Washington Post Company (NYSE: WPO). This is a result of
organizations' increasing interest in executing projects more
efficiently and effectively.

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All Global Knowledge
project management instructors are certified by the Project Management
Institute(R) as Project Management Professionals (PMP(R))."
Global Knowledge's addition of project management consulting
services supports the organization's recently introduced Targeted
Learning Framework (TLF), a disciplined, collaborative approach for
creating solutions that support enterprise-wide learning needs
designed to help organizations improve productivity for employees ,
customers, and channel partners.

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If the proposed transaction
proceeds, Tribeca gains access to Kaplan's worldwide reach and resources.

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It
also offers Certified Public Accountant (CPA ) and Certified Financial
Planner (CFP) exam preparation;
* Schweser Study Program, a global market leader in Chartered Financial
Analyst (CFA) training;
* Financial Training Company (FTC), a premier provider of accountancy
training in the UK, Hong Kong, Shanghai and Singapore.C. Global Knowledge will work closely with organizations to
build and implement customized programs based on specific goals to
maximize return on project management investment.