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Material Fact

Recife, December 20, 2020, Ser Educacional S.A. (B3 SEER3), one of the largest private education groups in Brazil and leader in the North and Northeast regions, complying with CVM Instruction 358, of January 3, 2002, as amended, and Paragraph 4 of Article 157 of Law 6404, of December 15, 1976, as amended ("Brazilian Corporation Law"), hereby announces to its shareholders and to the market in general that CENESUP - Centro Nacional de Ensino Superior Ltda. ("CENESUP") signed a Stock Purchase and Sale Agreement ("Agreement") to acquire one hundred percent (100%) of the share capital of Instituto Avançado de Ensino Superior de Barreiras ("IAESB" and "Transaction"), maintainer of Centro Universitário São Francisco de Barreiras ("UNIFASB").

Centro Universitário São Francisco de Barreiras - UNIFASB is located in the city of Barreiras, in the countryside of the state of Bahia, with a population of around 157,000 inhabitants (2020). Barreiras is an significant agricultural hub and the main urban, political, educational, medical, technological, economic, tourist and cultural center of the entire region. Along with the surrounding cities, Barreiras is the largest agricultural frontier in the Northeast, also having a great performance in services and trade, supplying the entire region within a 300-km radius, making Barreiras one of the main cities in the region known in the country as MATOPIBA, which includes the states of Maranhão, Tocantins, Piauí and Bahia.

Centro Universitário São Francisco de Barreiras - UNIFASB’s portfolio includes higher education undergraduate and graduate courses in health and human sciences, such as: Law, Agronomy, Administration, Accounting, Biomedicine, Psychology, Nursing, Physical Education, Physical Therapy and Medicine, the latter with eighty (80) authorized annual places or ninety-six (96) annual places when including PROUNI and FIES. UNIFASB’s estimated net revenue for 2020 totals forty-two million reais (R$42.0 million), with a student base of around one thousand and six hundred (1,600) undergraduate and graduate on-campus students, with three hundred and thirty-two (332) medical students. The transaction also includes the purchase of UNIFASB’s headquarters, valued at around thirty-four million reais (R$34,000,000.00). This property is already included in the total amount to be paid for the Transaction.

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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

Loures Consultoria:
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