Estacio

NOTICE TO THE MARKET
Sale of Material Shareholding Interest (Art.12 of CVM Rule 358)

Rio de Janeiro, January 24, 2011 - In accordance with Article 12, Paragraph 4 of CVM Instruction 358 dated January 3, 2002, as amended by CVM Instruction 449 dated March 16, 2007, Estácio Participações S.A. (“Estácio” or the “Company”) announces that it received from the shareholders MARCEL CLEÓFAS UCHÔA CAVALCANTI and ANDRÉ CLEÓFAS UCHÔA CAVALCANTI (the “Shareholders”) communications on January 19, 2011, informing of a reduction in the equity interests held in the Company.

We inform Shareholders that Mr. MARCEL CLEÓFAS UCHÔA CAVALCANTI sold, on the stock exchange, one million (1,000,00) registered common shares issued by Estácio at the unit price of twenty-six reais (R$ 26.00) and that Mr. ANDRÉ CLEÓFAS UCHÔA CAVALCANTI sold, on the stock exchange, one million (1,000,00) registered common shares issued by Estácio at the unit price of twenty-six reais (R$ 26.00).

As a result of said divestments, the interest held by Mr. MARCEL CLEÓFAS UCHÔA CAVALCANTI in the capital stock of Estácio decreased to three million, one hundred twenty-seven thousand, seven hundred and twenty-seven (3,127,727) registered common shares, representing 3.81% of the capital stock of Estácio, and the interest held by Mr. ANDRÉ CLEÓFAS UCHÔA CAVALCANTI decreased to three million, one hundred twenty-eight thousand, seven hundred and fifteen (3,128,715) registered common shares, representing 3.81% of the capital stock of Estácio.

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