Kroton Educacional : Notice to the Market - 2017 Morgan Stanley Education Day

January 27th, 2017

The following material is a presentation of general information on Kroton Educacional S.A. ("Kroton"). The information herein is summarized and does not purport to be complete, and should not be construed by potential investors as a recommendation. This presentation is strictly confidential and may not be disclosed to any other persons. We make no representations or warranties as to the accuracy, adequacy or scope of the information presented herein, which should not be used as the basis for any investment decisions.

This presentation contains forward-looking statements and information pursuant to Clause 27A of the Securities Act of 1933 and Clause 21E of the Securities Exchange Act of 1934. Said forward-looking statements are merely forecasts and do not represent guarantees of future performance. Investors are cautioned that said forward- looking statements and information are and will be, as applicable, subject to risks, uncertainties and factors related to the business operations and environments of Kroton and its subsidiaries, and the actual results of said companies may differ materially from the future results expressed or implied by said forward-looking statements and information.

Although Kroton believes that the expectations and assumptions contained in said forward-looking statements and information are reasonable and based on the data currently available to its management, it cannot guarantee future results or events. Kroton does not undertake any liability for updating any forward-looking statements or information.

This presentation does not constitute any offer, invitation or request to subscribe to or purchase any securities. This presentation and its contents do not constitute the

basis of any contract or commitment.

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