Kroton Educacional S.A. (BM&FBovespa: KROT3) ("Company"), in accordance with Instruction 358/02 ("CVM Instruction 358"), as amended, issued by the Brazilian Securities and Exchange Commission ("CVM") hereby informs its shareholders the financial guidance for 2017 ("Guidance"). The Guidance was based on premises established during the Company’s budget management process and announced as follows:

¹ Excludes figures relating to Uniasselvi, which impacted two months of 2016

² EBITDA adjusted for non-recurring items.

³ Net income adjusted by the amortization of intangible assets, non-recurring items and income tax and social contribution relating to the Uniasselvi divestment.

4 Capex does not consider the sale of properties, which came to R$ 29.1 million in 2016. In 2016, Capex net of the sale of properties reached 8.0% of Net Revenue.

Guidance of financial results is a mere estimate and should not be considered as a promise of performance. These estimates are subject to diverse risks and uncertainties and are based on information currently available. As such, they depend heavily on market conditions, performance of the Brazilian economy, the industry in which the Company operates and international markets, and are therefore subject to change.

Any change in the perception or aforementioned factors may lead to actual results differing from the Guidance prepared and announced by the Company. Any changes in the Guidance will be announced to the market through a Material Fact notice, in accordance with CVM Instruction 358.Furthermore, we would like to note that the Company will compare the Guidance with actual results from the quarter in its Quarterly Financial Information (ITR) and Standardized Financial Statements (DFP).

The Guidance announced hereby can also be found in section 11 of the Company’s Reference Form and will be available on CVM’s website,, and on the Company’s website

Contact IR

Phone: (55 11) 3133-7309