For Immediate Release

Pearson Education Expands Higher Education Art Textbook Business Through Acquisition of Fifty Prestigious Abrams Textbook Titles

Upper Saddle River, NJ - August 12, 2002 - Pearson Education, the world's leading educational publisher (a Pearson company, NYSE:PSO) announced its acquisition of the art history textbook list from Harry N. Abrams, Inc., the preeminent American publisher of high-quality art and illustrated books.

Abrams and Pearson's Prentice Hall have maintained a co-publishing relationship spanning nearly fifty years, in which Prentice Hall marketed Abrams' renowned art textbooks to the college market. The move represents a mutual agreement in which Abrams will continue to focus on its core business in art and illustrated books for the trade, while Prentice Hall will enhance its art history offerings for higher education with fifty prestigious Abrams textbooks, including H.W. Janson's History of Art, four million copies of which are currently in print.

"Prentice Hall is honored and excited to assume editorial and production responsibilities for the Abrams' Art History textbook list," said Yolanda de Rooy, President of Humanities and Social Sciences at Prentice Hall. "We affirm our commitment to preserve the quality and integrity that Harry N. Abrams has brought to these titles for generations of students." Under the agreement, many of these titles will continue to carry the Abrams imprint and Abrams will continue to distribute them to the trade.

The complete list includes seminal art history textbooks such as History of Italian Renaissance Art by Frederick Hartt and History of Modern Art: Painting, Sculpture, Architecture, Photography by H. H. Arneson and Marla F. Prather.

"Abrams will continue to be the leading publisher of high-quality art and illustrated books," said Steven Parr, President and CEO of Abrams. "I am excited by the opportunity we now have to expand our trade business further along existing lines and new areas that complement our current publishing program."