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Edison Schools Names Four-Star School Award Winners

                Twelve Principals Achieve Highest Recognition

        Schools and Principals Honored at the Third Annual Edi Awards

    NEW YORK, Oct. 16 /PRNewswire-FirstCall/ -- Edison Schools (Nasdaq: EDSN),
the nation's largest private manager of public schools, announced today that
more principals and schools than ever before were honored at the company's
Third Annual Edi Awards.  The principals as well as their teachers and staff
were recognized for their hard work and ability to improve levels of
achievement.
    The awards ceremony was held at the Edison Principals' Leadership
Conference (PLC), which took place from October 7 - 9 in Colorado Springs.  At
the PLC, principals attend seminars on school leadership, achievement
management systems, and sharing best practices.
    Twenty-five principals were honored at the ceremony with the four-star
achievement awards for their schools' strong gains in student achievement. The
criteria for four-star achievement is based on a composite that includes a
high percentage of short-term and long-term academic gains as well as meeting
internal objectives set by each school at the beginning of the academic year.
A record twelve principals received "double four-star awards," in recognition
of their ability to raise levels of academic performance, build a strong
culture of achievement, and demonstrate fiscal responsibility.
    Edison also recognized principals and schools new to Edison and those
schools who had completed their first successful year of partnership.  "We are
so proud of these schools and their principals for attaining high levels of
achievement.  Our principals are committed to building, growing, and
maintaining exemplary schools," said Chris Cerf, Edison's President and COO.
"These awards are a testimony to the hard work and dedication that define the
principals, teachers, and students at our schools across the country in the
growing Edison family."
    "I am one of the many principals who found the time spent at the PLC to be
just what was needed to continue making a difference in the lives of
children,"  said JoAnn Cason, principal of Gilmor Elementary School in
Baltimore, Maryland.  "I adore being treated like I am special ... . I treat
my students that way, and I treat my staff the same way! I spare nothing to
educate the children and staff who I serve, because I am mindful that our
greatest investment in life, more precious than any gold, is our children."

    Double Four-Star Schools

     Long Beach, CA      Starr King-Edison Academy-Elementary School,
                         Doris Takenouchi
     Washington, DC      Friendship Edison Public Charter School - Chamberlain
                         Campus,
                         John Pannell
     Washington, DC      Friendship Edison Public Charter School - Woodridge
                         Campus,
                         Clara Canty
     Chicago, IL         Chicago International Charter School - Elementary
                         Academy,
                         Robert Lang
     Buffalo, NY         The Charter School for Applied Technologies,
                         Larry Ljungberg
     Baltimore, MD       Furman Templeton Elementary,
                         Rosalind Lockwood
     Baltimore, MD       Gilmor Elementary,
                         JoAnn Cason
     Baltimore, MD       Montebello Elementary,
                         Sarah Horsey
     Phoenixville, PA    The Renaissance Academy-Edison Charter School,
                         Angie Padrnos
     York, PA            Lincoln-Edison Charter School
     Dallas, TX          Edison-Maple Lawn Elementary,
                         Juanita Nix
     Dallas, TX          Edison-Medrano Elementary,
                         Ricardo Weir
     Milwaukee, WI       Milwaukee Urban League of Business & Economics,
                         David DeBerry


    Four-Star Achievement Schools

     East Palo Alto, CA  Edison McNair Elementary Academy,
                         Mary Seiersen
     Long Beach, CA      Starr King-Edison Academy - Elementary School,
                         Doris Takenouchi
     San Francisco, CA   Edison Charter Academy,
                         Vincent Matthews
     Washington, DC      Friendship Edison Public Charter School- Chamberlain
                         Campus,
                         John Pannell
     Washington, DC      Friendship Edison Public Charter School - Woodridge
                         Campus,
                         Clara Canty
     Wilmington, DE      Thomas A. Edison Charter School - Junior Academy,
                         Chuck Hughes
     Atlanta, GA         Charles R. Drew Charter School,
                         Karen Eldridge
     Chicago, IL         Chicago International Charter School - Elementary
                         Academy,
                         Robert Lang
     Baltimore, MD       Furman Templeton Elementary,
                         Rosalind Lockwood
     Baltimore, MD       Gilmor Elementary,
                         JoAnn Cason
     Baltimore, MD       Montebello Elementary,
                         Sarah Horsey
     Duluth, MN          Kenwood-Edison Charter School,
                         Bonnie Jorgensen
     Buffalo, NY         The Charter School for Applied Technologies,
                         Larry Ljungberg
     Riverhead, NY       Riverhead Charter School,
                         Steve Cohen
     Chester, PA         Chester High School,
                         Major Poteat
     Chester, PA         Columbus Elementary,
                         Mary Torian Dunnock
     Chester, PA         Showalter Middle School,
                         Jayne Gibbs
     Chester, PA         Wetherill Elementary School,
                         Paul Loper
     Phoenixville, PA    The Renaissance Academy-Edison Charter School - Jr.
                         Academy,
                         Angie Padrnos
     York, PA            Lincoln-Edison Charter School,
                         Jamy Jackson
     Dallas, TX          Edison-Blair Elementary,
                         Cyndi Harrison
     Dallas, TX          Edison-Maple Lawn Elementary,
                         Juanita Nix
     Dallas, TX          Edison-Medrano Elementary,
                         Ricardo Weir
     Dallas, TX          Edison-Titche Academy,
                         Marco Hinojosa
     Milwaukee, WI       Milwaukee Urban League of Business & Economics,
                         David DeBerry

    About Edison
    Edison Schools manages 150 public schools with a total enrollment of
approximately 80,000 students. Through contracts with local school districts
and public charter school boards, Edison generally assumes educational and
operational responsibility for individual schools in return for funding that
is comparable to that spent on other public schools in the area.  Over the
course of three years of intensive research, Edison's team of leading
educators and scholars developed an innovative, research-based curriculum and
school design. Edison opened its first four schools in August 1995, and has
grown rapidly in every subsequent year. For more information, please visit
http://www.edisonschools.com.

    Any statements in this press release and any other press release issued by
Edison on or about the date hereof about future expectations, plans and
prospects for Edison, including statements containing the words "believes,"
"anticipates," "plans," "expects," "will," and similar expressions, constitute
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995.  Actual results may differ materially from
those indicated by such forward-looking statements as a result of various
important factors, including the risk factors discussed in our most recent
quarterly report filed with the SEC, and other factors such as, among other
things, the possibility that: (1) Edison, its independent auditors and/or the
SEC may identify additional items that materially and adversely affect
Edison's financial results; (2) the financing discussed separately by Edison
today may not be consummated; and (3) the events relating to the informal SEC
inquiry or its settlement  may result in defaults under Edison's material
agreements or give rise to costly and protracted litigation against Edison.
The forward-looking statements included in this press release represent
Edison's estimates as of October 16, 2002.  Edison anticipates that subsequent
events and developments will cause its estimates to change.  While Edison may
elect to update these forward-looking statements at some point in the future,
Edison specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing Edison's estimates or
views as of any date subsequent to October 16, 2002.



SOURCE Edison Schools




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    CONTACT:
    Adam Tucker, VP Communications of Edison
    Schools, +1-212-419-1602