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Material Fact - Proposal Termination

Recife, 11 de julho de 2016 - Ser Educacional S.A. (BM&FBOVESPA SEER3, Bloomberg SEER3:BZ e Reuters SEER3.SA), one of the largest private higher education groups in Brazil and the leader in the Northeast and North of the country, pursuant to Article 157, Paragraph 4 of Law 6404 of December 15, 1976, as amended, and CVM Instruction 358 of January 3, 2002, as amended, in relation to the transaction mentioned in Material Facts of June 5 and 29, 2016, regarding a business combination with Estácio Participações S.A., hereby informs the public that it has submitted on this date a letter to Estácio‘s Board of Directors announcing, as a result of the Material Fact disclosed by Estácio on July 8, 2016, stating that Estácio‘s Board of Directors, at a meeting held on the same date, declared to have accepted the economic terms of a proposal presented by another company, thereby turning down Ser Educacional‘s proposal, that the Company considers the obligations in the proposal disclosed on June 29, 2019 terminated.

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IR Contact:
Rodrigo de Macedo Alves and Geraldo Soares de Oliveira Júnior
(+55 11) 2769 3223 | ri@sereducacional.com | www.sereducacional.com/ri

Media Relations:

Silvia Fragoso
(+55 81) 3413-4643 | silvia.fragoso@sereducacional.com

About Grupo Ser Educacional
Founded in 2003 and headquartered in Recife, Grupo Ser Educacional (BM&FBOVESPA SEER3, Bloomberg SEER3:BZ and Reuters SEER3.SA) is one of the largest private education groups in Brazil and the leader in the Northeast and North regions in the number of students enrolled. The Company offers undergraduate, graduate, technical and distance-learning courses and is present in 12 states with a consolidated base of over 151,000 students. The Company operates under the Faculdades Maurício de Nassau, UNINASSAU - Centro Universitário Maurício de Nassau, Faculdades Joaquim Nabuco, Escola Técnica Joaquim Nabuco, Escola Técnica Maurício de Nassau, FIT - Faculdades Integradas dos Tapajós, UnG (Universidade Guarulhos) and UNAMA (Universidade da Amazônia) brands, through which it offers more than 915 courses.