KROTON EDUCACIONAL S.A.

Publicly Held Company

Corporate Taxpayer's ID (CNPJ/MF): 02.800.026/0001-40

Company Registry (NIRE): 31.300.025.187

NOTICE TO SHAREHOLDERS

We hereby inform the Shareholders of KROTON EDUCACIONAL S.A.
("Company"), pursuant to Article 133 of Law 6404/76, Article 25 of CVM Instruction
480/09 and Article 9 of CVM Instruction 481/09, that the documents and information related to the agenda of the Company's Annual Shareholders' Meeting to be held on April 25, 2014, are available to Shareholders at the Company's headquarters located at Rua Santa Madalena Sofia, n° 25, 4º andar, sala 01, Bairro Vila Paris, in the city of Belo Horizonte, state of Minas Gerais, CEP 30.380-650, and on the Company's website (http://www.kroton.com.br/ir), as well as the websites of the Brazilian Securities and Exchange Commission - CVM (http://www.cvm.gov.br) and the Securities, Commodities and Futures Exchange - BM&FBOVESPA S.A. (http://www.bmfbovespa.com.br).
In addition, those documents whose publication is required by the pertinent legislation have already been duly published by the Company in those newspapers customarily used for this purpose.
Belo Horizonte, March 18, 2014.

CARLOS ALBERTO BOLINA LAZAR

Investor Relations Officer

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