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Material Fact - Revocation of Injunction and Establishment of Arbitration

Recife, October 28, 2020, Ser Educacional S.A. ("SER") (B3 SEER3), pursuant to the terms of Law No. 6,404/1976, of CVM Ruling No. 358/2002, and in continuance of the material fact disclosed in October 21, 2020, hereby informs its shareholders and the market in general that, within the scope of the possible acquisition of the businesses of Laureate Education, Inc. in Brazil, the injunction that maintained the Transaction Agreement valid and effective, obtained by SER in October 19, 2020, was revoked.

Nevertheless, in October 23, 2020, SER submitted the request for arbitration and the matter regarding the valid exercise of the go-shop right will be discussed within such arbitration, pursuant to the Transaction Agreement. SER remains certain of its rights and will take all appropriate measures to guarantee the effective enforcement of the Transaction Agreement.

SER shall keep its shareholders and the market informed of the relevant facts regarding this matter.

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October 28, 2020

Rodrigo de Macedo Alves
Investor Relations Officer

Investor Relations Contact Media Relations
Rodrigo de Macedo Alves and Geraldo Soares de Oliveira Júnior
(+55 11) 2769 3223 | |

Media Relations
Silvia Fragoso | (+55 81) 3413-4643 |

Phone: +55 (11) 2769 3223

Founded in 2003 and headquartered in Recife, Grupo Ser Educacional (B3 SEER3) is one of the largest private education groups in Brazil and the leader in the Northeast and North regions in terms of number of students enrolled. It offers undergraduate, graduate, vocational and distance learning courses in 26 states and the Federal District, with a consolidated base of approximately 183,600 students. The Company operates under the following brands: UNINASSAU - Centro Universitário Maurício de Nassau, UNINABUCO - Centro Universitário Joaquim Nabuco, Faculdades UNINABUCO, Escola Técnica Joaquim Nabuco, Escola Técnica Maurício de Nassau, UNIVERITAS/UNG, UNAMA - Universidade da Amazônia and Faculdade da Amazônia, UNIVERITAS - Centro Universitário Universus Veritas, Faculdades UNIVERITAS and UNINORTE - Centro Universitário do Norte, through which it offers 1,937 courses.

This notice may contain forward-looking statements related to business prospects, estimates of operating and financial results and the growth prospects of Grupo Ser Educacional. These are merely projections and, as such, are solely based on the expectations of Management of Grupo Ser Educacional. Such forward-looking statements are substantially dependent on external factors, in addition to the risks presented in the disclosure documents filed by Grupo Ser Educacional and are therefore subject to change without prior notice.