ANHANGUERA EDUCACIONAL PARTICIPAÇÕES S.A.

Corporate Taxpayer ID (CNPJ/MF): 04.310.392/0001-46

Company Registry (NIRE): 35.300.184.092

Publicly Held Company

NOTICE TO SHAREHOLDERS

Anhanguera Educacional Participações S.A. ("Company") informs its shareholders and the market in general that the minimum quorum provided for in Article 135 of Federal Law 6,404/76 of two-thirds (2/3) of the capital of the Company was not reached for installation on first call of the Extraordinary Shareholders' Meeting ("ESM") called for June 24, 2014, in accordance with the Call Notice published in the São Paulo State Register (Diário Oficial do Estado de São Paulo) on June 07, 10 and 11, 2014 and in the newspaper Folha de São Paulo on June 9, 10 and 11, 2014. For this reason, a Term of Non- Installation of the Shareholders' Meeting will be drawn up in the current date and a new call notice for the ESM will be published, in order for the ESM to be held on second call on July 3, 2014 at 10:00 a.m., at the registered office of the Company located in the City of Valinhos, State of São Paulo, at Alameda Maria Tereza, nº 4266, sala 06, Dois Córregos, CEP 13278-181.
Valinhos, June 24, 2014

Vitor Alaga Pini

Investor Relations Officer

SP - 11504047v1

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