FOR IMMEDIATE RELEASE


Investor Contact:
Paul J. Crecca		Mark Kurtz
(914) 289-9420		(914) 289-9480
pjcrecca@haightscross.com		mkurtz@haightscross.com

HAIGHTS CROSS COMMUNICATIONS, INC.

EXTENDS ITS PRIVATE EXCHANGE OFFER FOR ITS

12 ½% SENIOR DISCOUNT NOTES DUE 2011

White Plains, NY, August 7, 2009 — Haights Cross Communications, Inc. (“HCC” or the “Company”) today announced that the expiration date for its private exchange offer and consent solicitation (the “Exchange Offer”) to qualified investors (“Eligible Holders”) to exchange HCC’s 12 ½% Senior Discount Notes Due 2011 (the “Senior Discount Notes”) for shares of common stock of HCC (the “Common Stock”) has been extended until 11:59 p.m., New York City time, on August 14, 2009, unless terminated or further extended. The Company has not paid and is currently taking advantage of the applicable 30-day grace period with respect to payment of the semi-annual interest on its Senior Discount Notes that was due on August 3, 2009. Similarly, the Company also intends to take advantage of the applicable 30-day grace period for making the semi-annual interest payment on its 11 3/4% Senior Notes due 2011 (the “Senior Notes” and, together with the Senior Discount Notes, the “Notes”) due August 17, 2009.

The Company’s current forbearance agreement (the “Forbearance Agreement”) and credit agreement for its senior secured term loan (the “Credit Agreement”) prohibits the Company from making interest payments on the Senior Discount Notes while the Company remains in default under the Credit Agreement. The cure of such default will require, among other things, the successful completion of the Exchange Offer. Under the applicable indenture relating to each of the Senior Discount Notes and Senior Notes, use of the 30-day grace period does not constitute a default that permits acceleration of such Notes.

The Company is seeking to extend its Forbearance Agreement, which expires on August 7, 2009, to provide the Company with further time to complete Exchange Offer (as extended) and other restructuring transactions. The Company also has commenced discussions with holders of its Senior Notes to discuss alternative restructuring plans should the Exchange Offer not be consummated, including the possibility of the commencement of a chapter 11 case and plan of reorganization.

As of the close of business on August 6, 2009, the Company was advised by the information and exchange agent for the Exchange Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.

Senior Discount Notes which have been validly tendered to the Exchange Offer to date and not withdrawn remain tendered and subject to the Exchange Offer. Eligible Holders who have already tendered Senior Discount Notes need not take any additional actions to tender their Senior Discount Notes.

The consummation of the Exchange Offer is conditioned upon the satisfaction or waiver of a number of conditions including, among others: (i) at least 90% of the aggregate principal amount of the Senior Discount Notes being validly tendered for exchange and not revoked, and Eligible Holders representing such Senior Discount Notes delivering their consents to the proposed amendments to the indenture governing the Senior Discount Notes; and (ii) the execution of a satisfactory amendment to the Credit Agreement.

In the event that HCC is not able to successfully complete the restructuring, including the Exchange Offer, HCC intends to explore all other restructuring alternatives available to it at that time, which may include an alternative out-of-court restructuring or the commencement of a chapter 11 case and plan of reorganization. There can be no assurance that any alternative restructuring arrangement or plan could be accomplished. Moreover, if the Company seeks such bankruptcy relief, holders of Senior Discount Notes may receive consideration that is less than what is being offered in the Exchange Offer, and it is possible that such holders may receive no consideration at all for their Senior Discount Notes.

The Exchange Offer is being made, and the new shares of Common Stock are being offered, only to Eligible Holders, who consist of accredited investors, or persons other than U.S. persons, in a transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). Any such securities may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act.

This announcement does not constitute an offer to sell, or the solicitation of an offer to purchase, any securities. Any such Exchange Offer or other restructuring proposal, if made, will be made pursuant definitive offering documentation to be provided to Eligible Holders.

About Haights Cross Communications:

Founded in 1997 and based in White Plains, NY, Haights Cross Communications is a premier educational and library publisher dedicated to creating the finest books, audio products, periodicals, software and online services, serving the following markets: K-12 supplemental education, public and school libraries, and consumers. Haights Cross companies include: Triumph Learning, Buckle Down Publishing and Options Publishing, and Recorded Books. For more information, visit www.haightscross.com.

Safe Harbor Statement:

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company’s plans, intentions and expectations. Such statements include without limitation, statements regarding the Company’s restructuring proposals. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. The Company cannot assure that it will be successful in extending the Forbearance Agreement, or completing the Exchange Offer or any other restructuring proposal, on the terms outlined in this press release or otherwise. A more extensive discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission. The risks included above are not exhaustive. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.

HAIGHTS CROSS COMMUNICATIONS INC 8-K