New Oriental to Present at Credit Suisse 10th Asian Investment Conference

BEIJING, March 20 /Xinhua-PRNewswire/ -- New Oriental Education & Technology Group Inc. (NYSE: EDU), the largest provider of private educational services in China, today announced that Louis T. Hsieh, New Oriental's Chief Financial Officer and Director, will present at the Credit Suisse 10th Asian Investment Conference. The conference will be held from March 27 to 30, 2007 at the Shangri-La Hotel in Hong Kong. Mr. Hsieh will present at 2:30 pm on Wednesday, March 28.

A live webcast of New Oriental's presentation will be available on the "For Investors" section of the New Oriental website: http://english.neworiental.org under "Event Calendar."

About New Oriental

New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental's ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol "EDU." For more information about New Oriental, please visit http://english.neworiental.org .

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about New Oriental's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Information regarding these risks and uncertainties is included in our registration statement on Form F-1 and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of March 20, 2007, and New Oriental undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Ms. Sisi Zhao

New Oriental Education and Technology Group Inc.

Tel: +86-10-6260-5566 x8203

Email: zhaosisi@staff.neworiental.org

Mr. Rory Macpherson

Ogilvy Public Relations Worldwide

Tel: +86-10-8520-6553

Email: rory.macpherson@ogilvy.com

In the United States:

Mr. Thomas Smith

Ogilvy Public Relations Worldwide

Tel: +1-212-880-5269

Email: thomas.smith@ogilvypr.com