Estacio

NOTICE TO SHAREHOLDERS
Exercise of Withdrawal Rights

Estácio Participações S.A., a publicly-held company, located at Av. Embaixador Abelardo Bueno, 199, 6° andar, sala 601, Barra da Tijuca, CEP: 22.640-102, in the city and state of Rio de Janeiro, inscribed in the roll of corporate taxpayers (CNPJ) under number 08.807.432/0001-10 and registered in the Company Registry (NIRE) under number 33.3.0028205-0 (“Company”), hereby informs its shareholders that the period for exercising their rights to withdraw in face of the acquisition of 100% of the capital stock of Associação Educacional da Amazônia - ASSEAMA, which maintains Faculdade SEAMA, institution with head offices and campus in the city of Macapá, Amapá state, through its indirect subsidiary Sociedade Educacional Atual da Amazônia Ltda., ended May 4, 2012, i.e. thirty (30) days after the date of publication of the minutes of the Annual and Extraordinary Shareholders’ Meeting held on April 3, 2012 and published on April 4, 2012. None of our shareholders exercised this right.

Rio de Janeiro, May 07, 2012

Rogério Frota Melzi
Investor Relations Officer

To see the full version of the Notice to Shareholders, click here.