Estacio

MATERIAL FACT

Pursuant to CVM Instructions 319/99 and 358/02, Moena Participações S.A., a publicly-held company with headquarters at Rua Pamplona, 818 - conjunto 92, in the city and state of São Paulo, inscribed in the corporate roll of taxpayers (CNPJ/MF) under no. 09.140.181/0001-26 (“Moena”), and Estácio Participações S.A., a publicly-held company with headquarters at Av. Embaixador Abelardo Bueno, n° 199, 6° andar, Barra da Tijuca, in the city and state of Rio de Janeiro, inscribed in the corporate roll of taxpayers (CNPJ/MF) under no. 08.807.432/0001-10 (“Estácio”), hereby announce the conditions for a merger between the two companies, which will be submitted to Extraordinary Shareholders’ Meetings of Moena and Estácio to be held on August 31, 2010 (“Merger”).

Rio de Janeiro, August 16, 2010.

MOENA PARTICIPAÇÕES S.A.
Danilo Gamboa
Investor Relations Officer

ESTÁCIO PARTICIPAÇÕES S.A.
Fabio Sandri
Chief Financial and Investor Relations Officer

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