MATERIAL FACT

Valinhos, July 3, 2014. Anhanguera Educacional Participações S.A. BM&FBovespa: AEDU3 "Anhanguera" informs that on this date, the merger of Anhanguera stock into Kroton ("Stock Merger") was approved by the Extraordinary Shareholders' Meetings of the Companies, thereby consummating the Stock Merger, with Anhanguera becoming a wholly-owned subsidiary of Kroton.

Click here to access the Material Fact.

Click here to access the minutes of the ESM.

For further information, please contact the Investor Relations Department:

Vitor Pini - Investor Relations Officer

Phone: +55 (19) 3517-3799 | 3771
E-mail: dri@anhanguera.com
www.anhanguera.com/ir

distributed by