Highlights

• Admissions cycle: 166 thousand new students, up 13.7% - exclusively same stores;
• Growth in FIES: 86,900 students in 1Q13 (+43.4% VS. 4Q12) and 92,100 students in April/13;
• Gross margin expansion in all segments: 4.7 p.p. in acquisitions 2010/11, 1.2 p.p. in remaining campuses and 3.6 p.p. in learning centers;
• EBITDA of R$126.6 million, up 16% on 1Q12;
• 35.9% growth in net income with a 3.0 p.p. improvement in net margin;
• Accounts Receivable: reduction to 80 days vs. 82 Days in 1Q12;
• 62.3% growth in Cash after investments compared to 1Q12.

To access the full Earnings Release, click here.

1Q13 Results Conference Call

Valinhos, May 3^rd, 2013 - Anhanguera Educacional Participações S.A. (BM&FBOVESPA: AEDU3; Bloomberg: AEDU3:BZ), one of the largest private for-profit post-secondary education companies in the World, informs its shareholders and the general market that its financial and operating results for the first quarter of 2013 will be disclosed on May 13th, 2013, before the BM&FBOVESPA trading session.

To access the invitation, click here.

Pursuant to Directive Release CVM/SGE/001/03 dated January 22, 2003 and Article 12, caput, of CVM Instruction 358 of January 3, 2002, as amended by CVM Instruction 449 of March 16, 2007, Anhanguera Educacional Participações S.A. ("Anhanguera" or the "Company") hereby announces that on December 14, 2012 it received a communication from Manning & Napier Advisors, LLC ("MNA") a foreign investor pursuant to Resolution 2,689/00, in which MNA informed that its equity interest accounts for a totalof 7,398,063 common shares, which represent a 5.08% interest in the common shares issued by the Company.

MNA clarifies that this is a passive investment that does not seek to alter the control structure or the administrative structure of the Company. It also clarifies that it has not entered into agreements or undertakings governing the exercise of voting rights or the purchase and sale of securities issued by Anhanguera.

To access the full document, click here.

Change in the Company´s Management

ANHANGUERA EDUCACIONAL PARTICIPAÇÕES S.A. ("Company"), hereby informs its shareholders and the market in general that Mr. Ricardo Leonel Scavazza on this date will leave his role as Chief Executive Officer (CEO). Mr. Roberto Valério was elected by the Board of Directors to replace Mr. Scavazza as the CEO, from his original position as of Chief Operating Officer (COO).

Mr. Scavazza joined the Company’s management in 2003 and will continue to contribute to the Company’s business development with his experience in the Board of Directors, where he will also be responsible for the special Committee set up to monitor the project to merge with Kroton Educacional SA announced to the market on April 22, 2013.

Mr. Valério joined the Company’s management in 2011, serving as Chief Marketing and Sales Officer and, as of 2012, as Chief Operating Officer leading all the Company’s operations in Campuses and Learning Centers. Therefore, Mr. Roberto Valerio has a deep knowledge about the Company’s business and also has extensive experience and has led major projects in large companies serving as Director of Marketing and New Media at DIRECTV, and prior to that Mr. Valerio has worked on SKY and Bradesco.

To access the Notice to the Market in PDF format, click here.

Stock Split

ANHANGUERA EDUCACIONAL PARTICIPAÇÕES S.A. ("Company"), in compliance with CVM Instruction 358/2002, hereby informs the CVM, the BM&FBOVESPA S.A., its shareholders and the market in general that:

The Extraordinary Shareholders’ Meeting ("ESM") held today approved the stock split of all shares issued by the Company.

The custodian of the Company‘s shares, Banco Itaú SA ("Itaú"), will take all the measures to automatically perform the distribution of new shares to shareholders in accordance with the following schedule:

(i) The record date to be considered for the split will be April 30, 2013, consequently on May 2, 2013 shares will be traded ex-split.

(ii) Each share issued by the Company will be split into 3 (three) shares, consequently each shareholder of record on April 30, 2013, will receive 2 (two) new shares for each outstanding share.

(iii) On May 7, 2013, each shareholder of record on April 30, 2013 will receive the shares resulting from the stock split mentioned.

The shares resulting from the aforementioned split will have same rights and benefits of the shares currently issued, including dividends and interest on equity that might be approved by the Company as of April 30, 2013.

To access the Material Fact in PDF format, click here.

Association Agreement

Anhanguera Educacional Participações S.A. - BM&FBovespa: AEDU3 "Anhanguera" and Kroton Educacional S.A. - BM&FBovespa: KROT3 "Kroton" and, together with Anhanguera, the "Companies", in compliance with CVM Instruction 358/2002, hereby inform their respective shareholders and the market that on April 20, 2013, they entered into an association agreement ("Association Agreement") that set forth the terms and conditions for the association between the two companies ("Association"). The completion of the Association will depend on prior analysis and approval by Brazilian antitrust agency (Conselho Administrativo de Defesa Econômica).

In the 12 months ended December 31, 2012, the Companies together recorded gross revenue of R$4.3 billion and had more than 800 postsecondary locations and 810 associated schools distributed across all states of Brazil, encompassing a universe of approximately one million students in the postsecondary education, professional education and other education-related activities in Brazil. In the capital markets, the aggregate market capitalization of the Companies is approximately R$12 billion.

Once the Association is implemented, this combination of assets, talent and competencies will create synergies that will further increase the quality of the educational services of the Companies and add even more value to the combined Company, in particular for its students, employees and shareholders.

The combination of the Companies will occur through the merger of the shares issued by Anhanguera into Kroton, in accordance with Article 252 of Brazilian Corporate Law. The exchange ratio agreed upon for the Association was based on the average share price of the Companies weighted by the volume in the last thirty (30) trading sessions prior to the Association Agreement, which resulted in 1.36428904 common shares issued by Kroton for each common share issued by Anhanguera (excluding the effects of the stock split to be decided on at the Extraordinary Shareholders’ Meeting of April 30, 2013). Once the Association is completed, the control of the Companies will remain disperse and the combined shares of the Company will be held by the shareholders of Anhanguera and Kroton in the approximate proportion of 42.52% and 57.48%, respectively. For the purpose of merging the shares of Anhanguera, Kroton will issue a total of 198,763,627 new shares, observing the exchange ratio indicated above, to the shareholders of Anhanguera.

The combined Company will remain listed on the Novo Mercado segment of the BM&FBovespa S.A. - Securities, Commodities and Futures Exchange and the Companies expect the Association to result in a combined Company with higher stock trading liquidity.

The Board of Directors of the combined Company will have 13 members, with Mr. Gabriel Mário Rodrigues to be elected as Chairman of the Board of Directors and Mr. Ricardo Leonel Scavazza to be appointed to the Board of Directors. Furthermore, Mr. Rodrigo Calvo Galindo will serve as the Chief Executive Officer of the combined Company.

The execution of the Association Agreement was authorized unanimously by the Boards of Directors of the Companies, and the Association Agreement contains terms and conditions typical to this type of transaction, including representations and warranties by the Companies and the payment of fines in certain events (such as breach of the exclusivity obligations that bind the Companies), and also conditions the completion of the Association, as well as preliminary approval by CADE, on the execution of the legal, accounting and financial due diligences of the Companies and approval by the Shareholders Meetings of both Companies.

Other information on the Association required under CVM Instruction 319/99 and other applicable rules, including the right to withdrawal of the shareholders of each of the Companies, will be the subject-matter of another material fact to be disclosed at an opportune time. The documents pertaining to the Association will be available to the shareholders of the Companies as from the publication date of the call notices for the extraordinary shareholders’ meetings of the Companies that will discuss this stock merger.

The shareholders of the Companies dissenting from the stock merger that hold shares in the Companies on April 23, 2013 (inclusive) and which hold their shares uninterruptedly until the date of exercise of withdrawal rights may withdraw from the Companies upon reimbursement of their shares at their net book value..

To access the Material Fact in PDF format, click here.
To acces the Presentation, click here.

Conference Calls - Today, 04/22/2013

Portuguese
Time: 10:30 a.m. (Brasília)
Time: 09:30 a.m. (New York)
Phone: (55 11) 4688-6300
Code: 8623551
Webcast: click here

English
Time: 12h00 (Brasília)
Time: 11h00 (Nova York)
Phone: 1 (412) 317-6776
Code: 10028159
Webcast: click here

Clarification on news published in the press

Anhanguera Educacional Participações S.A. ("Company"), in accordance with CVM Instruction 358/02, and, in response to the BM&FBOVESPA GAE 1109-13 notice, announces that it was surprised by the news published in the Valor newspaper, issued on April 8, 2013, under the title "Anhanguera may have profits or assets pledged," which gave publicity to the decision rendered by the Judge of the 42nd Labor Court of São Paulo, according to which, a legal trustee would be appointed with powers to search and seize documents, manage the Company‘s assets and use of police force if necessary to enforce the court order.

We note that such decision was due to a labor lawsuit initiated in 2005 estimated at R$550,000.00 (five hundred fifty thousand reais), moved by Ms. Debora Cordeiro Braga against Academia Anchieta Paulista Ltda. (former controlling institution of Universidade Bandeirante de São Paulo - UNIBAN). It is important to note that this institution was acquired by the Company in 2011 and, consequently, UNIBAN’s former owners are exclusively responsible for this liability.

However, the decision discussed on the above-mentioned newspaper article was reversed by the same Judge, who recognized her mistake for not identifying, at first, an error in the serial number of the process being dispatched, with such error allegedly having resulted from a processing mistake by the Judge‘s assistant. Consequently, there are absolutely no grounds for any speculation regarding the resistance, on the part of the Company, to comply with a court order and, especially, for any allegations suggesting insufficiency of the Company‘s assets to meet legal obligations.

Currently, the Company is assessing the extent of the damage caused by such disastrous legal mistake, including the subsequent opinions expressed on the effects of a legal intervention to which the Company had never any reason to be subjected. After such assessment, action may be taken in order to demand the necessary reparation and inhibit further irresponsible behavior, which resulted from neglect and was fueled by some individuals seeking self-promotion through a regrettable episode.

After these clarifications, it should be emphasized that the Company has always been committed to the highest standards of corporate governance, in particular regarding legal compliance and financial responsibility, so as to continuously promote and strengthen market confidence in its business.

The shareholders of Anhanguera Educacional Participações S.A. ("Company") are hereby invited to attend the Annual Shareholders’ Meeting to be held on April 30, 2013, at 10:30 a.m., at the Company’s head offices located at Alameda Maria Tereza, 4266, suite 06, in the city of Valinhos, state of São Paulo, in order to:

(i) approve the management accounts, examine, discuss and vote on the Company’s financial statements for the fiscal year ended December 31, 2012, including the Independent Auditor’s Report;

(ii) decide on the proposal for the 2013 capital budget, the allocation of annual net income and payment of dividends;

(iii) elect the members of the Company’s Board of Directors;

(iv) set the total annual compensation of the Company’s management for the fiscal year 2013; and

(v) install the Company’s Fiscal Council, elect its members and fix its total annual compensation.

Clarifications:

Pursuant to paragraph 1 of Article 126 of Law 6,404/76, shareholders may be represented by proxy, subject to legal restrictions, and must deliver the following documents to the Company’s head office, up to 48 (forty-eight) hours before the Meeting, as appropriate: (i) a statement of ownership issued by the depositary institution within the previous five (5) days; (ii) a power of attorney with the grantor’s signature duly notarized; and (iii) in the case of shareholders whose shares are held in custody, a statement of shareholdings issued by the custodial entity.

In accordance with Article 1 of CVM Instruction 165/91, as amended by CVM Instruction 282/98, the minimum percentage of voting capital required to request a multiple vote for the election of members of the Board of Directors is 5% (five percent). Said request should be filed at least 48 (forty-eight) hours prior to the Meeting.

Copies of the documents related to the items on the Agenda, including those required by CVM Instruction 481/2009, are available to shareholders at the Company‘s head offices, in accordance with Article 133 of Law 6,404/76, and on the Company’s Investor Relations website (www.anhanguera.com/ir), as well as on the websites of the Securities and Exchange Commission of Brazil (CVM) (www.cvm.gov.br) and BM&FBOVESPA - Securities, Commodities and Futures exchange (www.bmfbovespa.com.br).

Click here to access the Management Proposal for the ASM.

The shareholders of Anhanguera Educacional Participações S.A. ("Company") are hereby invited to attend, by means of this Second Call Notice, the Extraordinary Shareholders’ Meeting to be held on April 30, 2013, at 11:30 a.m., at the Company’s head offices located at Alameda Maria Tereza, 4266, suite 06, in the city of Valinhos, state of São Paulo, in order to:

(i) Examine, discuss and approve the proposed stock split of all shares issued by the Company in the ratio 1:3 (one to three). Consequently, 2 (two) new shares (with the same rights and benefits of the shares currently issued) will be issued for every 1 (one) share currently issued;

(ii) Amend, if the above item (i) is approved, Article 5 of the Company’s Bylaws to adjust the number of shares that comprises the capital of the Company, due to the stock split.

Clarifications:

Pursuant to paragraph 1 of Article 126 of Law 6,404/76, shareholders may be represented by proxy, subject to legal restrictions, and must deliver the following documents to the Company’s head office, up to 48 (forty-eight) hours before the Meeting, as appropriate: (i) a statement of ownership issued by the depositary institution within the previous five (5) days; (ii) a power of attorney with the grantor’s signature duly notarized; and (iii) in the case of shareholders whose shares are held in custody, a statement of shareholdings issued by the custodial entity.

Copies of the documents related to the items on the Agenda, including those required by CVM Instruction 481/2009, are available to shareholders at the Company‘s head offices and on the Company’s Investor Relations website (www.anhanguera.com/ir), as well as on the websites of the Securities and Exchange Commission of Brazil (CVM) (www.cvm.gov.br) and BM&FBOVESPA- Securities, Commodities and Futures exchange (www.bmfbovespa.com.br).

Click here to access the Management Proposal for the ESM.

Share Buyback Program

Anhanguera Educacional Participações S.A. ("Company"), pursuant to CVM Instruction 358/02 as well as CVM Instruction 10/80 hereby informs its shareholders and the market in general that, on March 28, 2013, Company’s Board of Directors approved the Share Buyback Program of shares issued by the Company, and authorized the following:

i) Objective of the Program: To buyback Company’s shares in order to maximize value creation for its shareholders’, without capital reduction. The acquired shares will be held in treasury, cancelled, sold and/or might be used for the eventual exercise of options according to the Company’s Stock Options Plan;

ii) Number of shares to be acquired: Up to 7,284,513 (seven million, two hundred eighty four thousand, five hundred and thirteen) shares, equivalent to 5% of the total of 145,690,261 (one hundred forty-five million, six hundred ninety thousand, two hundred sixty-one) outstanding shares, pursuant to article 5 of CVM Instruction 10/80;

iii) Program Period: The Program, which starts as of this date, will be extended for up to 365 (three hundred sixty-five) days, and will be carried out at the Company’s convenience, limited to the funds available;

iv) Program Funding: the profit reserve accounts will be used for the acquisition of shares, excluding those reserves referred in article 7 of CVM Instruction 10/80;

v) Broker: Shares will be acquired through the following institutions:

• Bradesco S.A. Corretora de Títulos e Valores Mobiliários, located at Av. Paulista, 1450, 7º andar, São Paulo - SP, corporate taxpayer’s ID (CNPJ/MF): 61.855.045/0001-32
• Santander Corretora de Câmbio e Valores Mobiliários S.A., located at Av. Presidente Juscelino Kubitschek, 2235, 24º andar, São Paulo - SP, corporate taxpayer’s ID (CNPJ/MF): 51.014.223/0001-49.

Highlights

• Record Admissions Cycle: Over 209 thousand new students in 2012 (YoY same stores growth of more than 20%);
• Stable dropout rates combined with an increase of 200% of FIES Students YoY (+60 k in Dec/12) and 80.7 k Students FIES already in Mar/13;
• Quality recognition by the MEC: 100% of positive grades (IGC) on Organic Campuses and significant improvements in Acquired Campuses;
• Gross margin expansion on Campuses, +520bps in Acquired and 180bps on existing Campuses;
• Accounts receivable: stable level of days of total receivables and 2-day reduction on recurring AR with students;
• R$153.9 MM in Cash After Investments in 2012, 8x up YoY;
• Solid Fundamentals in 2013: growth in admissions, ongoing expansion of FIES and margin expansion.

To access the full Earnings Release, click here.

4Q12 Results Conference Call

Valinhos, March 19^th, 2013 - Anhanguera Educacional Participações S.A. (BM&FBOVESPA: AEDU3; Bloomberg: AEDU3:BZ), the leading private for-profit post-secondary education company in Brazil, informs its shareholders and the general market that its financial and operating results for the fourth quarter of 2012 will be disclosed on March 25^th, 2012, after the BM&FBOVESPA trading session.

To access the invitation, click here.

Anhanguera Educacional Participações S.A. ("Company"), in accordance with CVM Instruction 358/02,announces to shareholders and the general market that was approved in the Extraordinary GeneralMeeting held today the proposed new Plan Option Shares.

Anhanguera Educacional Participações S.A. ("Company"), informs its shareholders and the general market that, on this date, Managements‘ Proposal regarding the Extraordinary Shareholders‘ Meeting to be held on March 11, 2013, 9:30 a.m., was resubmitted to adjust the wording on the New Stock Option Plan ("Plan") proposal, establishing that the strike price will be based on the average trading price of the Company‘s shares on the BM&F BOVESPA SA - Securities, Commodities and Futures, weighted by the trading volume of the last 90 (ninety) trading sessions prior to the grant.

To access the Notice to the Market in PDF format, click here.

Anhanguera Educacional Participações S.A. ("Company") hereby informs its shareholders and the market in general that, on this date, Managements‘ Proposal regarding the Extraordinary Shareholders‘ Meeting to be held on March 11, 2013, 9:30 a.m., was resubmitted to adjust the wording on the New Stock Option Plan ("Plan") proposal, to include the vesting period of the Plan.

To access the Notice to the Market in PDF format, click here.

The shareholders of Anhanguera Educacional Participações S.A. ("Company") are hereby invited to attend the Extraordinary Shareholders‘ Meeting to be held on March 11, 2013, at 9:30 a.m., at the Company‘s head offices located at Alameda Maria Tereza, 4266, suite 06, in the city of Valinhos, state of São Paulo, in order to:

(i) Examine, discuss and approve the proposed New Stock Option Plan;

(ii) Ratify, pursuant to Item I of Article 256 of Federal Law 6,404/76, the acquisition of control of Academia Paulista Anchieta Ltda. ("APA"), União Pan-Americana de Ensino S/C Ltda. ("UNIPAN") and União Bandeirante de Educação Ltda ("UBE" and, together with APA and UNIPAN, "Uniban Group");

(iii) Ratify the hiring of Apsis Consultoria Empresarial Ltda., a company hired by the Company to prepare the appraisal report of the Uniban Group.

Clarifications:

Pursuant to paragraph 1 of Article 126 of Law 6,404/76, shareholders may be represented by proxy, subject to legal restrictions, and must deliver the following documents to the Company‘s head office, up to 48 (forty-eight) hours before the Meeting, as appropriate: (i) a statement of ownership issued by the depositary institution within the previous five (5) days; (ii) a power of attorney with the grantor‘s signature duly notarized; and (iii) in the case of shareholders whose shares are held in custody, a statement of shareholdings issued by the custodial entity.

Copies of the documents related to the items on the Agenda, including those required by CVM Instruction 481/2009, are available to shareholders at the Company‘s head offices and on the Company‘s Investor Relations website (www.anhanguera.com/ir) as well as on the websites of the Securities and Exchange Commission of Brazil (CVM) (www.cvm.gov.br) and BM&FBOVESPA - Securities, Commodities and Futures exchange (www.bmfbovespa.com.br).

Click here to access the Management Proposal.

The shareholders of Anhanguera Educacional Participações S.A. ("Company") are hereby invited to attend the Extraordinary Shareholders‘ Meeting to be held on March 11, 2013, at 10:30 a.m., at the Company‘s head offices located at Alameda Maria Tereza, 4266, suite 06, in the city of Valinhos, state of São Paulo, in order to:

(i) Examine, discuss and approve the proposed stock split of all shares issued by the Company in the ratio of 3 (three) new shares for every 1 (one) share currently issued;

(ii) Amend, if the above item (i) is approved, Article 5 of the Company‘s Bylaws to adjust the number of shares that comprises the capital of the Company, due to the stock split;

Clarifications:

Pursuant to paragraph 1 of Article 126 of Law 6,404/76, shareholders may be represented by proxy, subject to legal restrictions, and must deliver the following documents to the Company‘s head office, up to 48 (forty-eight) hours before the Meeting, as appropriate: (i) a statement of ownership issued by the depositary institution within the previous five (5) days; (ii) a power of attorney with the grantor‘s signature duly notarized; and (iii) in the case of shareholders whose shares are held in custody, a statement of shareholdings issued by the custodial entity.

Copies of the documents related to the items on the Agenda, including those required by CVM Instruction 481/2009, are available to shareholders at the Company‘s head offices and on the Company‘s Investor Relations website (www.anhanguera.com/ir) as well as on the websites of the Securities and Exchange Commission of Brazil (CVM) (www.cvm.gov.br) and BM&FBOVESPA - Securities, Commodities and Futures exchange (www.bmfbovespa.com.br).

Click here to access the Management Proposal.

Pursuant to Directive Release CVM/SGE/001/03 dated January 22, 2003 and Article 12, caput, of CVM Instruction 358 of January 3, 2002, as amended by CVM Instruction 449 of March 16, 2007, Anhanguera Educacional Participações S.A. ("Anhanguera" or the "Company") hereby announces that on January 16, 2013 it received a communication from PIP Administração de Recursos Ltda. ("PIP Administração de Recursos"), in which PIP Administração de Recursos informed that its equity interest on January 16, 2013 accounts for a total of 14,969,646 common shares, which represent a 10.3% interest in the common shares issued by the Company.

PIP Administração de Recursos clarifies that does not seek to alter the control structure or the administrative structure of the Company.

To view the document, click here.

Anhanguera Educacional Participações S.A. ("Company"), in accordance with Article 157, Paragraph 4 of Law 6,404/76 and CVM Instruction 358/02, announces to shareholders and the general market the acquisition of 100% of the capital of Instituto Excelência LTDA., the controlling institution of Juspodium, located in the city of Salvador, in the State of Bahia, on January 11, 2013, through its subsidiary Anhanguera Educacional Ltda. ("Anhanguera Ltda.").

The total value of the transaction was R$18,000,000.00 (eighteen million reais) paid in cash at the time of closing.

Juspodium had in December, 2012, 3.1 thousand students enrolled in graduate and extension programs, in the city of Salvador, Bahia. Juspodium‘s location is also undergoing an accreditation process with the Ministry of Education in order to start offering undergraduate education programs. In 2013, Juspodium is expected to have R$15.0 million of revenues and R$2.5 million of net income - not considering undergraduate programs yet.

Hence, the acquisition is accretive in terms of multiples (EV/Student of R$5.8k/student, EV/Revenue of 1.2x and P/E13e of 7.2x), and also represents Anhanguera‘s entry into the largest city in the Northeast Region.

The Company clarifies that has a budget for M&A in 2013 of up to R$40.0 million (including the aforementioned transaction).

In view of the fact that on September 30, 2012, the Company‘s net book value was R$2.190.100,00 (two billion, one hundred and ninety million, one hundred thousand reais), the acquisition does not constitute a relevant investment for Anhanguera Educacional Participações S.A., in accordance with Item I, Article 256 of Federal Law 6,404/76. However, we clarify that the analysis of the applicability of Item II, Article 256 of Law 6,404/76 depends on the preparation of an appraisal report, which has not yet been concluded. Thus, the Company‘s shareholders shall be informed in due course whether a resolution taken by the General Meeting will be necessary in order to approve the acquisition, as well as about the possibility that dissenting shareholders exercise the right to withdraw and the conditions for such, in compliance with the provisions in article 256 of Law no. 6,404/76.

Pursuant to Directive Release CVM/SGE/001/03 dated January 22, 2003 and Article 12, caput, of CVM Instruction 358 of January 3, 2002, as amended by CVM Instruction 449 of March 16, 2007, Anhanguera Educacional Participações S.A. ("Anhanguera" or the "Company") hereby announces that on December 14, 2012 it received a communication from BlackRock, Inc. ("BlackRock") a foreign investor pursuant to Resolution 2,689/00, in which BlackRock informed that its equity interest on December 11, 2012 accounts for a total of 7,990,528 common shares, which represent a 5.48% interest in the common shares issued by the Company.

BlackRock clarifies that this is a passive investment that does not seek to alter the control structure or the administrative structure of the Company. It also clarifies that it has not entered into agreements or undertakings governing the exercise of voting rights or the purchase and sale of securities issued by Anhanguera.

Click here to access the full document.

Anhanguera Educacional Participações S.A. ("Company"), in accordance with Brazilian Securities Commission ("CVM") Instruction No. 358 dated January 3, 2002, as amended, and the provision under paragraph 4 of article 157 of Brazilian Corporate Law (Law No. 6.404/76, as amended), announces to shareholders and the general market that in a meeting held on December 3, 2012, Company’s Board of Directors approved its fifth (5th) issuance in two series of non-convertible regular unsecured debentures (the "Issuance"), with a total amount up to R$170,000,000.00 (one hundred and seventy million reais), for public distribution with restricted placement efforts, with a firm commitment, in accordance with CVM Instruction No. 476 of January 16, 2009, as amended ("Restricted Offering" and "CVM Instruction 476", respectively).

According to items I and II of article 4 of CVM Instruction 476, the Debentures will be offered only to qualified buyers (as defined under application CVM regulation) and are automatically exempted from public offering registration requirements with the CVM, in accordance with Article 19 of Law 6,385 of 07 December 1976, as amended, pursuant to CVM Instruction 476.

The Company will issue up to 17,000 (seventeen thousand ) Debentures with a par value on the Issue Date (as defined below) of R$10,000.00 (ten thousand reais) ("Par Value"), being 8,500 (eight thousand and five hundred) Debentures of the first series ("Debentures of the First Series") and 8,500 (eight thousand and five hundred) Debentures of the second series ("Debentures of the Second Series" and together with Debentures of the First Series, "Debentures"). The maturity of the Debentures of the First Series will be 5 (five) years starting on December, 10, 2012 (the "Issue Date"); hence, the maturity date is December 10, 2017. The maturity of the Debentures of the Second Series will be 7 (seven) years starting on December 10, 2012 (the "Issue Date"); hence, the maturity date is December 10, 2019.

The Debentures will be entitled to payment of interest corresponding to 100% (one hundred percent) of the cumulative variation of the average daily rate of the Interbank Deposits DI, over extra-group ("DI Rate"), calculated and published daily by CETIP SA - Over The Counter Derivatives and Assets ("CETIP"), capitalized with a surcharge of 1.50% (one hundred and fifty hundredths percent) per year of 252 (two hundred and fifty two) business days for the Debentures of the First Series and 1.70% (one hundred and seventy hundredths percent) per year of 252 (two hundred and fifty two) business days for the Debentures of the Second Series.

The Debentures will be registered for primary market distribution within the scope of the Restricted Offering, and registered for secondary market trading through the Securities Distribution System (Módulo de Distribuição de Títulos), or "SDT", and the National Debentures System (Módulo Nacional de Debentures), or "SND", respectively, each managed and operated by CETIP S.A. - Balcão Organizado de Ativos e Derivativos ("CETIP"). The offering and subsequent trades in the Debentures will be cleared and settled in the electronic systems of CETIP, and the Debentures held under custody at the central securities depository operated by CETIP.

The proceeds will be used to improve Company‘s debt profile.

Anhanguera Educacional Participações S.A. ("Company") hereby informs its shareholders and the market in general that the Company has no intention to carry out any public share offering.

Highlights

• Record Admissions Cycle: Over 209 thousand new students in 2012;
• Campus Gross Margin Expansion in 3Q12: 4.6 p.p in acquisitions 2010/11 and 3.0 p.p. in same campuses;
• R$ 91.6 MM EBITDA, 14.2% growth vs 3Q11 and R$ 270.5 MM EBTIDA in 9M12, 22.2% growth vs 9M11;
• Stable Accounts Receivable: 86 days of sales in 3Q12;
• R$153.8 MM in Cash After Investments in 9M12, 185% up on 9M11;
• Net Debt Reduction: R$89 MM in 9M12;
• FIES Growth : 60.1 thousand students in 3Q12 (25% vs 2Q12);

To access the full Earnings Release, click here.

3Q12 Results Conference Call

To access the invitation, click here.

Highlights

• 432 thousand Students in 1H12, confirming sector leadership;
• Campus Gross Margin Expansion in 2Q12: 4.3 p.p in acquisitions 2010/11 and 1.4 p.p. in same campuses;
• R$ 69.5 MM EBITDA, 39% growth vs 2Q11 and R$ 178.9 MM EBTIDA in 1S12, 27% growth vs 1H12;
• Accounts Receivable: 85 days of sales vs 95 in 2Q11;
• 731% Growth on Cash After Investments in 1H12 vs 1H11, R$ 99.3 MM in total
• Free Cash Flow: R$76.4 MM in 1H12;
• FIES Growth : 48,1 thousand students in 2Q12 (+33% vs 1Q12) and 51,9 thousand students in July (+8% vs June);

To access the full Earnings Release, click here.

2Q12 Results Conference Call

To access the invitation, click here.

Valinhos, July 13^th, 2011 - Anhanguera Educacional Participações S.A. ("Company") hereby informs its shareholders and the market in general that Standard & Poor’s Ratings Services (“S&P”) affirmed its corporate credit ratings on the Company of “brAA-“ on the National Scale and “BB” on the Global Scale, with a stable outlook.

S&P highlighted Company’s stronger credit metrics, and the stable outlook reflects the expectation that the Company will successfully integrate recent acquisitions.

NOTICE TO SHAREHOLDERS

PAYMENT OF DIVIDENDS

Anhanguera Educacional Participações S.A. ("Company") informs its shareholders that, at the Company‘s Annual General Meeting held on April 30, 2012 ("AGO"), as per the Management proposal, the shareholders approved the payment of mandatory dividends, subject to the conditions below:

1. Holders of the Company‘s shares on April 30, 2012, date when the dividends were approved by the Company‘s Annual General Meeting, will be entitled to receive said dividends.

2. Total dividend amount: R$400,303.11 (four hundred thousand, three hundred and three Reais and eleven Centavos), corresponding to R$0.00282843 per common share.

3. Payment date: June 25, 2012.

4. As per resolutions taken at the AGO, the Company‘s shares will be traded ex-dividend rights as of and including May 02, 2012.

5. The credits will be made available to shareholders in accordance with the bank account information provided to Banco Itaú S.A., the depositary agent of the shares issued by the Company, as of the date when the dividends are paid.

6. For shareholders whose records do not include an individual (CPF/MF) or corporate (CNPJ/MF) taxpayer number or complete information on the bank, branch and account for deposit, the respective amounts will only be credited on the third business day after the date on which their records are effectively updated in the database of Banco Itaú S.A. - Unidade de Processamento e Soluções para Corporações, located in the City and State of São Paulo, at Avenida Engenheiro Armando de Arruda Pereira, nº 707, 10º andar, Bairro Jabaquara, CEP 04344-902. Also in this case the payment date will be on June 25, 2012, or on a later date, in case the record is made on June 23, 24 or 25, 2012 or afterwards, with due regard for the aforementioned period of at least three business days.

7. For shareholders with shares held in custody at the BM&FBOVESPA - Securities, Commodities and Futures Exchange, the respective dividend amounts will be credited to the BM&FBOVESPA, which will transfer them to shareholders through the respective Custody Agents.

To access the Notice to Shareholders in PDF format, click here.

Valinhos, May 7, 2012 - Anhanguera Educacional Participações S.A. (BM&FBOVESPA: AEDU3; Bloomberg: AEDU3:BZ) announces its results for the first quarter of 2012 (1Q12). The Company‘s operating and financial data are presented on a consolidated basis and in Brazilian reais, in accordance with International Financial Reporting standards (“IFRS”), except where stated otherwise. The information contained here is related to the Company’s performance in the first quarter of 2012 (1Q12) compared to the first quarter of 2011 (1Q11), except where stated otherwise.

Highlights

• Largest recruiting cycle in Brazil: Record 146 thousand new students, +46% vs 1Q11;
• Consolidation of national sector leadership with 444.7 thousand enrollments; 30% up yoy;
• Significant 710 bps expansion in 2010/11 acquisitions‘ gross margin;
• EBITDA of R$ 109.4 MM, 20% up yoy;
• Robust FIES growth: 36.1 thousand students in 1Q12 (+54% vs 4Q11);
• Reduction of 5 days in Accounts Receivable and 42.4% in Capex.

To access the full Earnings Release, click here.

1Q12 Results Conference Call

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CALL NOTICE
EXTRAORDINARY SHAREHOLDERS’ MEETING

The shareholders of Anhanguera Educacional Participações S.A. ("Company") are hereby invited to attend the Extraordinary Shareholders’ Meeting to be held on April 30, 2012, at 09:30 a.m., at the Company’s head offices located at Alameda Maria Tereza, 4266, suite 06, in the city of Valinhos, state of São Paulo, in order to:

(a) change the procedure and term for calling the meetings of the Company’s Board of Directors, from the first paragraph of Article 10 of the Company’s Bylaws;

(b) adapt the Company’s Bylaws to the new wording of BM&FBovespa’s "Novo Mercado" Regulations;

(c) amend item (iii) of Article 7 and item (iv), Paragraph 6, of Article 10 of the Company’s Bylaws, in order to adapt the Company’s Bylaws in accordance with the Law nº. 12,431, dated as of July 27, 2011, which amended Law nº. 6,404, dated as of December 15, 1976, regarding conditions to approve the issuance of debentures; and

(d) adapt Article 3 of the Company’s Bylaws, in order to include the granting of franchises as a purpose of the Company, adapting its purposes to reflect all its activities.

Clarifications:

Pursuant to paragraph 1 of Article 126 of Law 6,404/76, shareholders may be represented by proxy, subject to legal restrictions, and must deliver the following documents to the Company’s head office, up to 48 (forty-eight) hours before the Meeting, as appropriate: (i) a statement of ownership issued by the depositary institution within the previous five (5) days; (ii) a power of attorney with the grantor’s signature duly notarized; and (iii) in the case of shareholders whose shares are held in custody, a statement of shareholdings issued by the custodial entity.

Copies of the documents related to the items on the Agenda, including those required by CVM Instruction 481/2009, are available to shareholders at the Company‘s head offices and on the Company’s Investor Relations website (www.anhanguera.com/ir), as well as on the websites of the Securities and Exchange Commission of Brazil (CVM) (www.cvm.gov.br) and BM&FBOVESPA - Securities, Commodities and Futures exchange (www.bmfbovespa.com.br).

The shareholders of Anhanguera Educacional Participações S.A. ("Company") are hereby invited to attend the Annual Shareholders’ Meeting to be held on April 30, 2012, at 10:00 a.m., at the Company’s head offices located at Alameda Maria Tereza, 4266, suite 06, in the city of Valinhos, state of São Paulo, in order to:

(i) approve the management accounts, examine, discuss and vote on the Company’s financial statements for the fiscal year ended December 31, 2011, including the Independent Auditor’s Report;

(ii) decide on the proposal for the 2012 capital budget, the allocation of annual net income and payment of dividends;

(iii) replace Marco Antonio Gregori from the position of member of the Company’s Board of Directors and to resolve on the election of his replacement in accordance with the Company’s Board of Directors proposal;

(iv) set the total annual compensation of the Company’s management for the fiscal year 2012, as well as to ratify the total annual compensation of the Company’s management for the fiscal year 2011; and

(v) install the Company’s Fiscal Council, elect its members and fix its total annual compensation.

Clarifications:

Pursuant to paragraph 1 of Article 126 of Law 6,404/76, shareholders may be represented by proxy, subject to legal restrictions, and must deliver the following documents to the Company’s head office, up to 48 (forty-eight) hours before the Meeting, as appropriate: (i) a statement of ownership issued by the depositary institution within the previous five (5) days; (ii) a power of attorney with the grantor’s signature duly notarized; and (iii) in the case of shareholders whose shares are held in custody, a statement of shareholdings issued by the custodial entity.

In accordance with Article 1 of CVM Instruction 165/91, as amended by CVM Instruction 282/98, the minimum percentage of voting capital required to request a multiple vote for the election of members of the Board of Directors is 5% (five percent). Said request should be filed at least 48 (forty-eight) hours prior to the Meeting.

Copies of the documents related to the items on the Agenda, including those required by CVM Instruction 481/2009, are available to shareholders at the Company‘s head offices and on the Company’s Investor Relations website (www.anhanguera.com/ir), as well as on the websites of the Securities and Exchange Commission of Brazil (CVM) (www.cvm.gov.br) and BM&FBOVESPA - Securities, Commodities and Futures exchange (www.bmfbovespa.com.br).

Valinhos, April 1, 2012 - Anhanguera Educacional Participações S.A. (BM&FBOVESPA: AEDU3; Bloomberg: AEDU3:BZ) announces its results for the fourth quarter of 2011 (4Q11). The Company‘s operating and financial data are presented on a consolidated basis and in Brazilian reais, in accordance with International Financial Reporting standards (“IFRS”), except where stated otherwise. The information contained here is related to the Company’s performance in the fourth quarter of 2011 compared to the fourth quarter of 2011 (4Q11), except where stated otherwise.

Highlights

• Consolidation of national sector leadership with over 400 thousand enrollments;
• Gross margin expansion of 3.4 p.p. (x-M&A), with 5.1 p.p. on same campuses;
• Significant improvement in Accounts Receivable: Reduction of 43.1% in cash consumption and of 8 days of working capital (x-Fies);
• PDA covers 100% of past due receivables older than 180 days;
• Robust FIES growth: 23.5 thousand students in 4Q11 (+91% vs 3Q11) and 35.2 thousand students in 1Q12 (+50% vs 4Q11);
• Largest recruiting cyclen of Brazil in 1Q12: with a record 146 new students (+46% vs 1Q11), up 52% in Campus (20% same stores) and up 40% in undergraduate distance learning programs at Learning Centers.

To access the full Earnings Release, click here.

4Q11 Results Conference Call

3Q11 Highlights

• 45 thousand new students, 22.3% growth on 3Q10;
• Improved retention combined with Accounts Receivable decrease;
• Margin expansion: Gross Margin +1.6 p.p. and EBITDA +1.9 p.p

To access the full Earnings Release, click here.

3Q11 Results Conference Call

To access the invitation, click here.

The Company informs that Mr. Alexandre Silveira Dias will continue to contribute to the Company’s business development with his experience, having been invited to participate, effective as of this date, in the Board of Directors as a listener and an advisor, to offer support during Board meetings, and will also be nominated to be elected as an effective member of the Board of Directors.

Mr. Ricardo Leonel Scavazza was elected by the Board of Directors to replace Mr. Dias as the Company’s Chief Executive Officer, leaving his previous position of Chief Financial Officer. Mr. Scavazza joined the Company’s management in 2003, serving as Chief Executive Officer between 2009 and 2010, and has deep knowledge about the Company’s business.

The Board of Directors also elected Mr. José Augusto Gonçalves de Araújo Teixeira as the Company’s Chief Financial Officer. Mr. Teixeira will maintain his previous responsibilities as Chief Planning Officer and Investor Relations Officer, but his position will be hereinafter referred to as Chief Financial Officer and Investor Relations Officer. Mr. Teixeira joined the Company’s management in 2004 and has deep knowledge about the Company’s business.

The Company informs that the aforementioned early compulsory redemption was approved by the Board of Directors on October, 24, 2011, observing the period of notice to the debenture holders prescribed in the Indenture, as per the “Call Notice Regarding the Early Compulsory Redemption of all Debentures of the 1st Series of the 3rd Public Issue of Nonconvertible Regular Unsecured Debentures from Anhanguera Educacional Participacoes S.A.” published in the Official Press of the State of Sao Paulo and Valor Economico newspaper on October 27, 2011

Click here to access the entire Notice to the Market.

The early redemption of debentures of the 1st series will happen on October 31, 2011. The debentures redeemed shall pay, in addition to its unamortized Par Value plus the applicable interests, a premium calculated as specified in clause 4.6 of the Indenture, and as described in the above-mentioned call notice.

The payment of redeemed debentures will be made (a) through the procedures adopted by CETIP SA - Over The Counter Derivatives and Assets ("CETIP"), for the debentures registered in the National Debentures System - SND; (b) through procedures adopted by the BM&F Bovespa SA - Stock Exchange, Commodities and Futures Exchange, for the debentures registered in the System BovespaFix, or (c) through the institution responsible for the bookkeeping of the debentures for the holders of debentures of the 1st series that are not deposited in custody linked to CETIP or to BM&F Bovespa.

The total value of the transaction was R$510,561,000.00 (five hundred and ten million, five hundred sixty one thousand reais), including: i) R$382,561,000.00 (three hundred eighty-two million, five hundred and sixty one reais) for 100% of UNIBAN Group’s quotas; ii) R$128,000,000.00 (one hundred twenty-eight million reais) according to the joint assessment of the 3 (three) operational real estate assets acquired. The amount paid for UNIBAN’s Group quotas is net of its R$9,439,000.00 (nine million four hundred and thirty-nine thousand reais) cash position.

The total value of the transaction will be paid as follows: i) R$235,000,000.00 (two hundred thirty-five million reais) paid at the time of closing and ii) R$ 285,000,000.00 (two hundred eighty-five million reais) paid over 24 months adjusted by the CDI (Interbank Interests Deposits).

The UNIBAN Group had in March, 2011, 55,1 thousand students enrolled in its 9 campuses located in the São Paulo Metropolitan area, 2 campuses located in Cascavel, in the State of Parana, and 1 campus located in São José, in the State of Santa Catarina. The acquisition strengthens the Company’s presence in the Educational Sector, while it represents the Company‘s entry into the state of Parana and also into the Florianópolis Metropolitan area in the state of Santa Catarina, and is in line with the Company’s national expansion strategy.

In view of the fact that on June 30, 2011, the Company’s net book value was R$2,059,944,000.00 (two billion, fifty-nine million, nine hundred and forty-four thousand reais), the acquisition does not constitute a relevant investment for Anhanguera Educacional Participações S.A., in accordance with Item I, Article 256 of Federal Law 6,404/76. However, we clarify that the analysis of the applicability of Item II, Article 256 of Law 6,404/76 depends on the preparation of an appraisal report, which has not yet been concluded. Thus, the Company’s shareholders shall be informed in due course whether a resolution taken by the General Meeting will be necessary in order to approve the acquisition, as well as about the possibility that dissenting shareholders exercise the right to withdraw and the conditions for such, in compliance with the provisions in article 256 of Law no. 6,404/76.

The purpose of the Amendment is to restructure certain conditions and amounts payable by the Company under the Share Purchase Agreement, with the main conditions as follows:

(i) A fixed Payment equivalent to R$114,500,000.00 (one hundred fourteen million five hundred thousand reais), including R$104,500,000.00 (one hundred four million five hundred thousand reais) equivalent to the present value of the original Share Purchase Agreement and R$10,000,000.00 (ten million reais) for the first installment related to the non-compete agreement of the amended contract; such fixed payment will be composed of (i) R$52,206,949.29 (fifty-two million, two hundred and six thousand, nine hundred forty-nine reais and twenty nine centavos) in cash and (ii) R$ 62,293,050.71 (sixty-two million, two hundred ninety-three thousand and fifty reais and seventy-one centavos) by means of the use of 2,425,558 (two million, four hundred twenty-five thousand five hundred and fifty eight) common shares of the Company held in treasury, subject to the CVM’s (Brazilian Securities Commission) approval.

(ii) Variable Payments (Earnout) based on net revenue from the segment of legal & civil service preparatory and executive education programs, covering 11 intermediate semi-annual installments to be paid between 2012 and 2017 and variable payments based on net revenue growth of such programs.

Under such conditions, the Amendment determines that the current net present value of the Share Purchase Agreement be paid off, while it extends the remaining variable payments, formerly due until March 2013, to the period between 2014 and 2017.

While the non-compete obligations initially set forth in the Share Purchase Agreement remain unchanged with respect to the seller Julio Cesar Gomes; with respect to Luiz Flavio Gomes, such non-compete obligations are altered to reflect substantially that such obligations shall continue for a period of 05 (five) years from the date on which Luiz Flavio Gomes no longer holds any relationship with the Company or until December 31, 2021, whichever occurs last.

For more information, click here to access the presentation.

S&P highlighted that the Company has consistently strengthened its credit metrics in the past few years, by successfully implementing its growth strategy based primarily on integrating acquired assets and greenfields.

More details on the credit rating are available here.

2Q11 Highlights

• 12.9% Net Revenue growth in 1H11;
• 4.3 p.p. campus margin expansion in 2Q11;
• R$ 141.1 million in 1H11
• Cash consumption from Accounts Receivable of R$ 2.8 million in 2Q11

To access the full Earnings Release, click here.

Schroder informed that its equity interest on August 11, 2011 accounts for a total of 7,896,089 common shares, which represent a 5.42% interest in the common shares issued by the Company.

Schroder clarifies that this is a passive investment that does not seek to alter the control structure or the administrative structure of the Company.

To access the full document, click here.

The total value of the transaction was R$ 4,950,000.00 (four million, nine hundred and fifty thousand reais), including i) R$ 2,989,384.98 (two million, nine hundred and eighty-nine thousand, three hundred and eighty-four reais and ninety-eight centavos) with one installment equivalent to 75% of the total, paid at the time of closing, and the rest to be paid within 6 years of the transaction‘s closing date; and (ii) R$ 1,960,615.02 (one million, nine hundred and sixty thousand, six hundred and fifteen reais and two centavos) regarding Luiz Rosa’s outstanding net debt.

Luiz Rosa has 1 thousand students enrolled at its campus in the city of Jundiaí, in the State of Sao Paulo, and its acquisition is in line with Anhanguera’s expansion plan.

In view of the fact that on March 31, 2011, the Company’s net book value was R$2,051,556,000 (two billion, fifty-one million, five hundred and fifty-six thousand), the acquisition does not constitute a relevant investment for Anhanguera Educacional Participações S.A., in accordance with Item I, Article 256 of Federal Law 6,404/76. However, we clarify that the analysis of the applicability of Item II, Article 256 of Law 6,404/76 depends on the preparation of an appraisal report, which has not yet been concluded.

Thus, the Company’s shareholders shall be informed in due course whether a resolution taken by the General Meeting will be necessary in order to approve the acquisition, as well as about the possibility that dissenting shareholders exercise the right to withdraw and the conditions for such, in compliance with the provisions in article 256 of Law no. 6,404/76.

• Bradesco S.A. Corretora de Títulos e Valores Mobiliários, located at Av. Paulista, 1450, 7º andar, São Paulo - SP, corporate taxpayer’s ID (CNPJ/MF): 61.855.045/0001-32;

• Morgan Stanley Corretora de Títulos e Valores Mobiliários S.A., located at Avenida Brigadeiro Faria Lima, 3.600, 6º andar, São Paulo - SP, corporate taxpayer’s ID (CNPJ/MF): 04.323.351/0001-94; and

• Santander Corretora de Câmbio e Valores Mobiliários S.A., located at Av. Presidente Juscelino Kubitschek, 2235, 24º. Andar, São Paulo - SP, corporate taxpayer’s ID (CNPJ/MF): 51.014.223/0001-49.

The total value of the transaction was R$55,989,000.00 (fifty-five million, nine hundred and eighty-nine thousand reais), including i)R$49,497,579.00 (forty-nine million, four hundred ninety-seven thousand, five hundred and seventy-nine reais) for 100% of UNIFEC’s quotas, paid at the time of closing; and ii) R$6,491,421 (six million, four hundred and ninety-one thousand, four hundred and twenty-one reais) regarding UNIFEC’s outstanding net debt and other liabilities.

UNIFEC has 9 thousand students enrolled at its campus in the city of Santo Andre, in the State of Sao Paulo. The acquisition marks the strengthening of the Company’s position in the São Paulo Metropolitan Area and is in line with its national expansion plan.

In view of the fact that on March 31, 2011, the Company’s net book value was R$2,051,556,000 (two billion, fifty-one million, five hundred and fifty-six thousand), the acquisition does not constitute a relevant investment for Anhanguera Educacional Participações S.A., in accordance with Item I, Article 256 of Federal Law 6,404/76. However, we clarify that the analysis of the applicability of Item II, Article 256 of Law 6,404/76 depends on the preparation of an appraisal report, which has not yet been concluded.

Thus, the Company’s shareholders shall be informed in due course whether a resolution taken by the General Meeting will be necessary in order to approve the acquisition, as well as about the possibility that dissenting shareholders exercise the right to withdraw and the conditions for such, in compliance with the provisions in article 256 of Law no. 6,404/76.

FMR informed that its equity interest on July 25, 2011 accounts for the total 7,810,474 common shares, which represent a 5.36% interest in the common shares issued by the Company.

FMR clarifies that this is a passive investment that does not seek to alter the control structure or the administrative structure of the Company. It also clarifies that it has not entered into agreements or undertakings governing the exercise of voting rights or purchase and sale of securities issued by Anhanguera other than agreements usually executed for purpose of asset management, pursuant to which certain of its clients may exercise voting rights in respect of their investment portfolio.

Click here to access the Notice to the Market.

i) Objective of the Program: To buyback Company’s shares in order to maximize value creation for its shareholders’, without capital reduction. The acquired shares will be held in treasury, cancelled, sold and/or might be used for the eventual exercise of options according to the Company’s Stock Options Plan;

ii) Number of shares to be acquired: Up to 4,370,708 (four million, three hundred seventy thousand, seven hundred and eight) shares, equivalent to 3% of the total of 145,690,261 (one hundred forty-five million, six hundred ninety thousand, two hundred sixty-one) outstanding shares, pursuant to article 5 of CVM Instruction 10/80;

iii) Program Period: The Program, which starts as of this date, will be extended for up to 365 (three hundred sixty-five) days, and will be carried out at the Company’s convenience, limited to the funds available;

iv) Program Funding: the profit reserve accounts will be used for the acquisition of shares, excluding those reserves referred in article 7 of CVM Instruction 10/80;

v) Broker: Shares will be acquired through the following institution:

• Bradesco S.A. Corretora de Títulos e Valores Mobiliários, located at Av. Paulista, 1450, 7º andar, São Paulo - SP, corporate taxpayer’s ID (CNPJ/MF): 61.855.045/0001-32