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Material Fact

Recife, June 01, 2020. Ser Educacional S.A. ("Company") (B3 SEER3), one of the largest private education groups in Brazil and the leader in the Northeast and North regions, pursuant to article 12 of CVM Instruction 358, of January 3, 2002, as amended, announces that it has secured funding from Caixa Econômica Federal ("CEF") in the amount of two hundred million reais (R$ 200,000,000.00), with financial charges of 100% (one hundred percent) of CDI CETIP, plus surcharge interest of nineteen hundredths percent (0.19%) per month for a period of thirty-six (36) months, with fourteen (14) months grace period for the principal and payment in 8 quarterly installments, after the grace period.

The financing agreement will have the following guarantees: (A) guarantee from Instituto Campinense de Ensino Superior Ltda. (Taxpayer`s ID: 05.933.016/0001-70), a subsidiary of the Company ("ICES"); (B) fiduciary assignment of credit rights on deposits/financial investments of the Company, in the amount equivalent to twenty-five percent (25%) of the debit balance of CCB Caixa; (C) fiduciary assignment of credit rights of trade bills of the following subsidiaries of the Company, in the amount equivalent to five percent (5%) of the outstanding balance of CCB Caixa: Faculdade Maurício de Nassau de Belém Ltda (Taxpayer`s ID: 10.625.332/0001-15), Centro de Ensino Superior Piauiense Ltda (Taxpayer`s ID: 03.371.400/0001-00), CIESPI - Integrated Center for Higher Education of Piauí Ltda (Taxpayer`s ID: 07.228.846/0001-22), Sociedade de Ensino Superior Piauiense Ltda - SESPI (Taxpayer`s ID: 03.190.773/0001-76) and UNG - Sociedade Paulista de Ensino e Pesquisa Ltda (Taxpayer`s ID: 04.302.037/0001-25); and (D) fiduciary assignment of credit rights to credit card receivables from the Company and the following subsidiaries of the Company, in the amount equivalent to 5% (five percent) of the debit balance of CCB Caixa: Instituto Campinense de Ensino Superior Ltda. (Taxpayer`s ID: 05.933.016/0001-70), UNG - Sociedade Paulista de Ensino e Pesquisa Ltda (Taxpayer`s ID: 04.302.037/0001-25) and Sociedade de Desenvolvimento Cultural do Amazonas Ltda. (UNINORTE) (Taxpayer`s ID: 63.692.180/0001-30).

The Company reiterates its commitment to keeping its shareholders and the market in general informed of any relevant matter of interest to the market, pursuant to applicable legislation.

Recife, June 01, 2020

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IR Contact:


Rodrigo de Macedo Alves / Geraldo Soares de Oliveira Júnior
+55 (11) 2769-3223 | ri@sereducacional.com | http://ir.sereducacional.com

Media Relations:
Silvia Fragoso | +55 (81) 3412-6285 | silvia.fragoso@sereducacional.com