Belo Horizonte, October 23, 2015 - Kroton Educacional S.A. (BM&FBovespa: KROT3) ('Company'), in accordance with Instruction 358/02 ('CVM Instruction 358'), as amended, issued by the Brazilian Securities and Exchange Commission ('CVM') hereby clarifies the contents of the news report published today in the Estado de São Paulo newspaper, entitled 'Kroton fecha a venda da Uniasselvi por R$ 1,1 bi' ('Kroton sells Uniasselvi for R$1.1 billion').
As is public knowledge, the sale of institutions that make up the Uniasselvi Group was one of the conditions imposed by the Concentration Control Agreement (ACC) signed with Brazil's antitrust agency CADE (Conselho Administrativo de Defesa Econômica) on May 14, 2014, as part of the approval of the Association Agreement signed by Kroton and Anhanguera Educacional Participações S.A. As such, the Company has been seeking alternatives to divest this asset, though no agreement has been signed so far in this regard.
Kroton reaffirms its commitment to its obligations, as a public company listed on the Novo Mercado segment of the BM&FBOVESPA, and all and any material information will be disclosed in compliance with applicable laws in force.
Carlos Alberto Bolina Lazar
Investor Relations Officer
Kroton Educacional S.A.
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.
COGNA EDUCAÇÃO 
