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Notice to the Market

Recife, December 11, 2014 - Ser Educacional S.A ("Company" or "Ser Educacional") hereby informs its shareholders, investors and the market in general that, pursuant to the ordinances published by the Ministry of Education (MEC), solely considering the period between October 01, 2014 and December 11, 2014, Ser Educacional received authorization to offer 74 new courses, totaling 16,600 annual places, distributed among the Group‘s 15 units, for enrollments starting in the first half of 2015.

In 2014, up to this date, there were 116 courses authorized by the Ministry of Education.

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IR Contact:

Natasha Nakagawa
Investor Relations Officer
Phone.: +55 (11) 2769 3223