Material Fact

KROTON EDUCACIONAL S.A. ("Kroton") and ESTÁCIO PARTICIPAÇÕES S.A. ("Estácio", and jointly with Kroton, "Companies"), in furtherance to Material Facts dated June 2 and 21, 2016, and July 1 and 8, 2016 disclosed by Kroton, pursuant to article 3 of the CVM Rule no. 565, dated June 15, 2015, hereby inform the following regarding the merger, by Kroton, of all the shares issued by Estácio, in accordance with the merger agreement (Merger Agreement e justificação) ("Merger Agreement") executed by the Companies‘ and their respective management on July 8, 2016 ("Transaction"), which will be submitted to the approval by each of the Companies‘ shareholders, in extraordinary shareholders meetings, to be held, in the first call, on August 15, 2016.

To access the Material Fact, please, click here.

To access the Call Notice, please, click here.

To access the Managements‘ Proposal, please, click here.

To access the Public Proxy Solicitation, please, click here.

Belo Horizonte, July 14, 2016.

CARLOS ALBERTO BOLINA LAZAR
Investor Relations Officer
Kroton Educacional S.A.

PEDRO THOMPSON
Investor Relations Officer
Estácio Participações S.A.

For more information, please contact our investor relations department:

Carlos Lazar - Director
Carolina Igi - Coordinator
Pedro Gomes - Coordinator

Phone: +55 (11) 3133-7309 / +55 (11) 3133-7314 / +55 (11) 3133-7311
Email: dri@kroton.com.br
www.kroton.com.br/ir


Contact IR

Phone: (55 11) 3133-7309
E-mail: dri@kroton.com.br