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Material Fact - Out of Court Agreements with
Laureate Education, Inc. and Ânima Holdings S.A.

Recife, October 30, 2020, Ser Educacional S.A. ("SER") (B3 SEER3), pursuant to the terms of Law No. 6,404/1976 ("Corporations Law"), of CVM Ruling No. 358/2002 ("CVM Ruling 358") and in addition to the material facts disclosed on September 13, 2020, October 14 and October 28, 2020 hereby informs its shareholders and the market in general that, in the best interest of the higher education market in Brazil, of Ser and its shareholders, an out of court agreement was executed yesterday with Laureate Education, Inc. and Rede Internacional de Universidades Laureate Ltda. ("Laureate"), by which, among other provisions: (a) Ser and Laureate terminated, by mutual agreement, the existing judicial and arbitral proceedings involving such entities, with the grant of the most general and broad release from party to party; and (b) Ser and Laureate acknowledged, expressly, Ser‘s right to receive the payment of R$180,000,000.00 (one hundred and eighty million Brazilian reais) (the "Termination Payment").

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October 30, 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 | ri@sereducacional.com | www.sereducacional.com/ri

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

Phone: +55 (11) 2769 3223
E-mail:
ri@sereducacional.com
Website: www.sereducacional.com/ir

ABOUT GRUPO SER EDUCACIONAL
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.

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