Strategic Agreement Between Vaughan Systems and Ahorro Corporación

Ahorro Corporación Acquires 55% in Vaughan Systems Through its Private Equity Fund

MADRID, July 15, 2010 - Vaughan Systems, Spain's leading on-site and multimedia English language
training company, announced today that Ahorro Corporación has acquired a 55%
stake through its private equity fund, AC Capital Premier II, managed by AC
Desarrollo. The current shareholders will retain 45%.

The Ahorro Corporación stake will allow Vaughan Systems to take a
"qualitative growth leap", enabling it to capture a larger share of the
Spanish market and enter new markets. Vaughan Systems has developed a unique
business model that has led it to become the reference benchmark in the
English language training industry and the unquestioned market leader in
Spain. The four pillars of the business model include (i) presence in TV and
radio, (ii) R & D, (iii) proprietary methodology and training and (iv) the
industry's highest quality faculty network. Vaughan Systems has three
principal lines of business: on-site training, media and publishing, which
cater traditionally to corporate and individual clients. In parallel with the
entry of a strategic partner, the bases have been set for a new stage in the
Company's growth, with a new 4,000 m2 corporate headquarters in Madrid, the
selection and incorporation of a new CEO, and the expansion of radio
coverage.

Richard Vaughan, U.S. citizen, resident of Spain and Chairman of Vaughan
Systems, stated that, "Ahorro Corporación is the ideal partner for our
corporate development. This step will allow us to strengthen and accelerate
our 2010-2014 business plan, which includes greater geographical expansion
throughout Spain and in several key Latin American cities."

Rafael Pérez Benayas, General Manager of AC Desarrollo, asserted that,
"This transaction is an exciting opportunity for Ahorro Corporación, as the
English language training market has enormous potential. With our stake, we
want to contribute to the development of an ambitious growth plan for all
lines of business that may position Vaughan Systems as the leader in other
markets as well."

The advisors of the transaction were Matlin Associates for Vaughan
Systems and on the legal side Garrigues advised Ahorro Corporación and DLA
Piper and KPMG counseled the Company.

Vaughan Systems: www.grupovaughan.com

AC Desarrollo: www.acdesarrollo.com.

Ahorro Corporación: www.ahorrocorporacion.com

For more information: Jaime de Piniés, Piniés & Aguilar Asociados, +34-91-183-21-01, jdepinies at pinies-aguilar.com; Esther Tribaldos, Ahorro Corporación, +34-91-586-93-19; etribaldos at ahorro.com