NOTICE TO SHAREHOLDERS

We hereby announce to the Shareholders that the Board of Directors of Kroton Educacional S.A. ("Company"), in the meeting held at 7:00 a.m. on May 12, 2017, approved, subject to approval of the Annual Shareholders’ Meeting of the Company that will consider and vote on the results of the fiscal year ended on December 31, 2017, the distribution of interim dividends, to be calculated towards the minimum mandatory dividends for fiscal year 2017. The amount to be distributed will be R$ 187,595,799.23 (one hundred eighty-seven million, five hundred ninety-five thousand, seven hundred ninety-nine reais and twenty-three centavos), without monetary restatement or withholding income tax in accordance with applicable law. The dividends will be paid to shareholders in proportion to their respective interest in the Company‘s capital stock, in the amount of R$ 0.1154544671 per common share of the Company, already deducted from this calculation any shares held in treasury on the date hereof. Dividends will be paid by the Company on May 29, 2017 to shareholders of record at the close of trading on May 18, 2017. Starting May 19, 2017, inclusive, the Company‘s shares will be traded ex-dividend on the São Paulo Stock Exchange (BM&FBOVESPA).

Shareholders registered with Banco Bradesco S.A., the stock transfer agent for the Company’s shares, choosing to receive dividends through credit to their account will be credited the dividends automatically. Shareholders not registered with Banco Bradesco S.A. should, as of this date, visit any Banco Bradesco S.A. branch to update their records in order to receive dividends. Shareholders whose shares are held in custody at the Brazilian Clearing and Depository Corporation (CBLC) will receive payment through their respective custody agents.

Belo Horizonte, May 12, 2017

Carlos Alberto Bolina Lazar
Investor Relations Officer
Kroton Educacional S.A.

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


Contact IR

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