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Material Fact

Recife, April 30, 2020. Ser Educacional S.A. ("Company") (B3 SEER3, Bloomberg SEER3:BZ and Reuters SEER3.SA), one of the largest private education groups in Brazil and the leader in the Northeast and North regions, pursuant to article 12 of CVM Instruction 358, of January 3, 2002, as amended, announces that it has secured funding from Itaú Unibanco S.A ("Itaú") and Banco Santander Brasil S.A ("Santander") in order to strengthen its cash position, as a preventive measure against financial impacts arising from the coronavirus pandemic (COVID-19).

The financing agreements were signed under the following general conditions:

  1. (a) Bank: Santander, (b) Amount: one hundred million reais (R$ 100,000,000.00), (c) Financial Charges: CDI CETIP, plus interest of three point one percent (3.10%) per year, (d) Term: two (2) years, (e) Maturity Date: 4/30/2022; and (f) Guarantee: guarantee from CENESUP; and
  2. (a) Bank: Itaú, (b) Amount: two hundred million reais (R$ 200,000,000.00), (c) Financial Charges: CDI CETIP, plus interest of three point four percent (3.40%) per year, (d) Term: two (2) years, (e) Maturity Date: 4/24/2022; and (f) Guarantee: guarantee from ICES

The Company reiterates its commitment to keeping its shareholders and the market in general informed of any relevant matter of interest to the market, pursuant to applicable legislation.

Recife, April 30, 2020

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IR Contact:


Rodrigo de Macedo Alves / Geraldo Soares de Oliveira Júnior
+55 (11) 2769-3223 | ri@sereducacional.com | http://ir.sereducacional.com

Media Relations:
Silvia Fragoso | +55 (81) 3412-6285 | silvia.fragoso@sereducacional.com