Executive Vice President, DeVry Inc. President, Ross University Dr. Thomas C. Shepherd Executive Vice President, DeVry Inc. President, Ross University

Ross University School of Medicine School of Veterinary Medicine Consist of: Medical school with campuses in Dominica, WI & Miami. Veterinary school with a campus in St. Kitts Administrative offices in New Jersey Focused on providing an outstanding education to those students who are passionate about becoming physicians or veterinarians. While the majority of our students are those who did not get accepted into a U.S. school……. Our reputation has grown the point that we are now seeing students who applied only to Ross or have applied to Ross along side their applications to U.S. schools.

Ross University School of Medicine Dominica Campus Located on a 26-acre campus. More than 70 Ph.D. and/or M.D. faculty. Classrooms equipped with the latest technology and learning resources.

Ross University School of Medicine Dominica was the sight of the filming for “Pirates of the Caribbean II and III”

Ross University Fundamental Supply/Demand Imbalance 17,000 U.S. Med School Seats/Year 40,000 Applications

Ross University Supply/Demand Imbalance of Residency Positions 17,000 U.S. Graduates/Year 25,000 Residency Positions

Ross University School of Medicine Educational Timeline Advanced Introduction to Clinical Medicine Basic Sciences Clinical Rotations Residency USMLE Step 3 M.D. USMLE Step 1 USMLE Step 2 16 Months Semesters 1-4 Dominica Campus 90 Weeks Semesters 6-10 At 50+ Ross affiliated teaching hospitals in U.S. 3 Months Semester 5 Miami Campus Located on a 26-acre campus. More than 70 Ph.D. and/or M.D. faculty. Classrooms equipped with the latest technology and learning resources.

Ross University School of Medicine Key Competitive Advantages 30-year history Technologically advanced campuses Clinical training occurs 100% in the U.S. Graduates can be licensed and practice in all 50 U.S. states and Canada Excellent outcomes Founded in 1978. Utilize the latest technology to provide every learning advantage to our students. Students receive a U.S.-style education and complete their clinicals in the United States. NJ, NY, CA, FL require approvals for international schools, and Ross has been approved in these states. Texas Medical Board has concluded that Ross is substantially equivalent to Texas medical schools, so our graduates can now obtain their licenses in Texas. Our graduates obtain highly competitive residencies in such places as Duke Emergency Medicine and Harvard.

Ross University School of Medicine Dominica Campus It is a beautiful campus which rivals medical schools in the U.S.

Ross University School of Medicine Technology Technologically advanced classrooms High-definition screens Wireless campuses Real-time and archived web-casting Audience response units Human simulators Our classrooms have the latest technological advancements with high definition video display systems and yes – they are air conditioned. WIRELESS: All Ross campuses provide Wireless access to all students and faculty Using a secure connection to the university Network. The network is state-of-the-art, secure, and highly reliable. MEDIA SITE: Webcasting capability used extensively on the Dominica campus to supplement students’ classroom and lab work.

Ross University School of Medicine Integrating Clinical Experience We use simulators in our basic science training in Dominica and Miami. Harvard and other medical schools recently received press for having similar simulators in their clinical training – Our students are exposed very early in their curriculum.

Ross University School of Medicine Advanced Introduction to Clinical Medicine: Miami Campus Industry leader in providing this unique experience for students Bridge between basic science education and U.S. clinical clerkships We may be international, but our students spend only 4 semesters, or 16 months, in Dominica, then spend 1 semester at our Miami campus, in AICM. This is a bridge between basic sciences and clinical rotations in the U.S., developed by Ross.

Ross University School of Medicine Clinical Affiliated Hospitals Arizona (1) California (3) Connecticut (2) Florida (2) Georgia (1) Illinois (5) Maryland (8) Massachusetts (1) Michigan (1) New Jersey (4) New Mexico (1) New York (21) Ohio (1) Oklahoma (1) Puerto Rico (1) Virginia (1) Wisconsin (1) Commonwealth of Dominica (1) After Miami, students then spend the next 2 years in clinical rotations at over 50 affiliate medical centers and teaching hospitals throughout the U.S.

Ross University USMLE Step 1 First-Time Pass Rates Ross Univ GPA > 2.50 Ross Univ GPA > 2.90 USMLE Step I - Calendar Year 2006 First-Attempt Pass Rates All International Medical Schools 71% U.S./Canadian Osteopathic Schools 77% U.S./Canadian Allopathic Schools 95% ROSS UNIV - All Students 87% ROSS UNIV - GPA > 2.50 94% ROSS UNIV - GPA > 2.90 99%

Ross University Top U.S. Physician (M.D.) Producers Ross University – Dominica 447 St. George’s University – Grenada 410 (est.) University of Illinois at Chicago 268 Indiana University 258 Drexel University – Philadelphia 245 Wayne State University – Michigan 244 University of Minnesota 224 Thos. Jefferson University – Philadelphia 217 University of Texas – Southwestern 217 Ohio State University 202 University of Texas – Houston 202 Source: Self-reported; American Association of Medical Colleges (AAMC) Database, 2006

Ross University School of Medicine Alumni June 2007: 5,784 10                                         3 1 1 25 2 27 2 5 1 6 14 28 3 3 10 MA 43 4 65 2 941 131 RI 23 CT 116 44 14 195 11 532 109 NJ 396 26 235 58 14 13 18 DE 7 37 103 22 DC 5 48 MD 161 57 52 30 14 12 38 We have over 5,700 alumni located in all 50 states. For the alumni we’ve maintained contact with, here is where they’re located. We are one of two international schools whose graduates can practice in all 50 states and Canada. Poor guy in Montana – we need to get a partner up there! 32 18 81 113   49 AK 3 361 HI 8 PR 8

Ross University School of Veterinary Medicine St. Kitts Campus 50-acre campus 40+ member faculty In addition to a DVM degree, many hold a PhD in the biological sciences and are board-certified in one or more clinical specialties.

Ross University Fundamental Supply/Demand Imbalance: DVM Programs 2,500 U.S. Vet School Seats/Year 6,000 Applications

Ross University School of Veterinary Medicine Educational Timeline Pre-Clinical Curriculum Clinical Training D.V.M. Semesters 8-10 At one of 22 Ross affiliated AVMA-accredited schools of veterinary medicine. 28 Months Semesters 1-7 St. Kitts Campus Located on a 26-acre campus. More than 70 Ph.D. and/or M.D. faculty. Classrooms equipped with the latest technology and learning resources.

Ross University School of Veterinary Medicine Key Competitive Advantages 25-year history Technologically advanced campus Clinical training occurs 100% in the U.S. Graduates can be licensed and practice in all 50 U.S. states and Canada Excellent outcomes Currently in review for AVMA accreditation Founded in 1982. Utilize the latest technology to provide every learning experience for our students. Students receive a U.S.-style education and complete their clinicals in the United States. We anticipate AVMA-accreditation in the next 18-24 months. We will be the first Caribbean school to receive this prestigious recognition. Careers include private practice, public health, and specialties such as surgery and oncology.

Ross University School of Veterinary Medicine AVMA Accreditation Speaking of AVMA….. The School of Veterinary Medicine is seeking accreditation by the American Veterinary Medical Association and successfully passed a consultative visit this past fall. It’s a major focus of the school at this time.

Ross University School of Veterinary Medicine St. Kitts Campus All the latest technological equipment found in the U.S. is available for students to prepare for clinical training in the U.S.

Ross University School of Veterinary Medicine Technology Technologically advanced campus High definition screens Wireless campus Digital radiography DIGITAL RADIOGRAPHY Digital Radiography Example: 3 year old cat with small intestinal tumor. Images are captured and stored on computers Allows immediate access to images for diagnostic purposes……..and for teaching purposes. Images can be enhanced with contrast and color.

Ross University School of Veterinary Medicine On-Campus Student Housing We are adding new student housing on the Vet campus, completion this spring. So you receive a veterinary education and a 28 month stay overlooking the Caribbean ocean ---- Where else can you find a deal like this?

Ross University School of Veterinary Medicine U. S Ross University School of Veterinary Medicine U.S. Affiliated Veterinary Schools Auburn University Colorado State University Cornell University Iowa State University Louisiana State University Michigan State University North Carolina State University Ohio State University Oregon State University Purdue University Texas A&M Tufts University Washington State University University of Florida University of Illinois University of Minnesota University of Missouri University of Pennsylvania University of Tennessee University of Wisconsin We have 22 affiliate AVMA accredited teaching hospitals in the U.S., where Ross students spend one year in clinical training just prior to graduation.

Ross University Vet Licensure Exam Results NAVLE (3 yr avg.) Ross: 85% Minimum pass rate: 80% PAVE-QE (4 yr avg.) Ross: 85% Int. schools (inc. Ross): 71%

Ross University Top U.S. Veterinarian (D.V.M.) Producers Ross University – St Kitts 214 Ohio State University 135 Colorado State University 133 Texas A&M University 125 University of California – Davis 123 University of Pennsylvania 112 Kansas State University 107 Iowa State University 106 Michigan State University 98 University of Illinois – Urbana 96 Auburn University 91 Source: Self-reported; American Association of Veterinary Medical Colleges (AAVMC) Database, 2006

Ross University School of Veterinary Medicine Alumni June 2007: 2,097 5                                         2 2 6 O 23 1 7 5 12 16 7 12 RI 6 2 2 10 303 MA 35 40 1 CT 21 1 58 1 9 54 17 71 NJ 82 110 DE 2 6 3 11 48 21 DC 1 3 11 MD 46 16 9 9 34 6 14 9 11 21 5 16 39 AK   The School of Veterinary Medicine has more than 2,000 alumni spread throughout the U.S. and Canada. This map does not show our 2007 graduates. We need someone in North Dakota, so if you have a lead, please email me! 163 PR 25 HI 6

Ross University Growth in Enrollments We are experiencing record growth in enrollments and revenues.

Ross University Key Competitive Advantages High quality academic programs Solid market fundamentals Good operating margins Strategy and future vision Founded in 1982. Utilize the latest technology to provide every learning experience for our students. Students receive a U.S.-style education and complete their clinicals in the United States. We anticipate AVMA-accreditation in the next 18-24 months. We will be the first Caribbean school to receive this prestigious recognition. Careers include private practice, public health, and specialties such as surgery and oncology.

Ross University Strategy and Future Vision Campus expansions AVMA accreditation Expanding clinical affiliations Enhanced marketing initiatives New programs The future? We see : continued growth of both schools new auditoriums being constructed to take care of increasing class sizes U.S. clinical affiliations centered around “campuses” where students won’t have to travel as much to complete their rotations. Increasing impact on the U.S. and Canadian medical scene due to our marketing initiatives. Opportunity to develop programs in other forms of healthcare such as nurse practitioner training.

Ross University Ross University is proud of our contribution to the growing supply needs for physicians and veterinarians in the U.S.

Consist of: Medical school with campuses in Dominica, WI & Miami. Veterinary school with a campus in St. Kitts Administrative offices in New Jersey Focused on providing an outstanding education to those students who are passionate about becoming physicians or veterinarians. While the majority of our students are those who did not get accepted into a U.S. school……. Our reputation has grown the point that we are now seeing students who applied only to Ross or have applied to Ross along side their applications to U.S. schools.