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Notice to Shareholders

We hereby inform shareholders that, complementing the Notice to Shareholders published on May 12, 2015 ("Notice"), Kroton Educacional S.A. ("Company"), in accordance with the terms of the Company's Board of Directors' meeting held on May 12, 2015 and subject to approval by the Annual Shareholders Meeting that will deliberate on the results of the fiscal year ended December 31, 2015, will pay on June 12, 2015, interim dividends calculated towards the minimum mandatory dividend for fiscal year 2015, in the amount of eighty-eight million, two hundred eighty-nine thousand, seventy-one reais and seventy-five centavos (R$88,289,071.75), without any inflation adjustment or withholding income tax, pursuant to applicable laws. We point out that the Notice informed that the Company would pay dividends by June 30, 2015. We hereby announce the advancement of dividend payment to June 12, 2015.

The dividends will be paid to shareholders in proportion to their respective interest in the Company's capital stock, in the amount of R$0.05440693273680850 per common share of the Company, after deducting from this calculation the shares held in treasury on May 12, 2015, pursuant to the Notice.

As announced by the Company in the Notice, dividends will be paid to shareholders of record on the close of trading on May 12, 2015, the date when the Board of Directors approved said distribution of dividends. Starting May 13, 2015, inclusive, the Company's shares were traded ex-dividends on the BM&FBovespa.
For shareholders registered with Banco Bradesco S.A., the stock transfer agent for the Company's shares, to receive dividends through credit to account, the dividends will be credited automatically. Shareholders not registered with Banco Bradesco S.A. should, as of this date, visit any Banco Bradesco S.A. branch to update their records in order to receive dividends. Shareholders whose shares are held in custody at the Brazilian Clearing and Depository Corporation (CBLC) will receive payment through their respective securities brokers and distributors or custody agents.

In accordance with article 41, paragraph 2 of the Bylaws of Kroton, dividends not received or claimed within 3 years from the date they were made available to shareholders will be reverted to the Company.

Belo Horizonte, June 9, 2015.

Carlos Alberto Bolina Lazar
Investor Relations Officer
Kroton Educacional S.A.

For more information, please contact our investor relations department:

Carlos Lazar - Director
Carolina Igi - Coordinator
Pedro Gomes - Coordinator

Phone: +55 (11) 3133-7309 / +55 (11) 3133-7314 / +55 (11) 3133-7311
Email: dri@kroton.com.br
www.kroton.com.br/ir

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