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Material Fact

KROTON EDUCACIONAL S/A (“Company”) hereby informs its shareholders and the market in general, pursuant to CVM Instruction 358/02, and complementing the Material Fact published on December 15, 2011, that Editora e Distribuidora Educacional S/A (“Editora”) issued, on this date, non-convertible debentures, with the Company’s personal guarantee, in the amount of R$550 million, maturing in seven (7) years with a 36-month grace period for the payment of the principal, under a firm placement guarantee by Banco Bradesco BBI S/A (“Issue”). The proceeds of the Issue will be used to settle the Bank Credit Bill of the same amount, issued in favor of Banco Bradesco S/A within the financing structure for the acquisition of União Norte do Paraná de Ensino Ltda. (Unopar) by Editora.

Belo Horizonte, January 12, 2012.

Carlos Alberto Lazar
Investor Relations Officer

More information is available at www.kroton.com.br/ir

Carlos Lazar - Director
Carolina Igi - Analyst

Telephone: +55 (11) 3775.2288 or +55 (11) 3775.2003
E-mail: dri@kroton.com.br


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