ESTCIOPARTICIPAESS.A. CorporateTaxpayerID(CNPJ/MF)08.807.432/000110 PubliclyheldCompany CompanyRegistry(NIRE)33.3.

00282050

NOTICETOSHAREHOLDERS
Estcio Participaes S.A., a publiclyheld company, located at Av. Embaixador Abelardo Bueno,199,6andar,sala601,BarradaTijuca,CEP:22.640102,inthecityandstateofRiode Janeiro,inscribedintherollofcorporatetaxpayers(CNPJ)undernumber08.807.432/000110 and registered in the Company Registry (NIRE) under number 33.3.00282050 (Company), herebyinformsitsshareholdersthattheperiodforexercisingtheirrightstowithdrawinface of the acquisition of 100% of the capital stock of Associao Educacional da Amaznia ASSEAMA,whichmaintainsFaculdadeSEAMA,institutionwithheadofficesandcampusinthe city of Macap, Amap state, through its indirect subsidiary Sociedade Educacional Atual da Amaznia Ltda., ended May 4, 2012, i.e. thirty (30) days after the date of publication of the minutes of the Annual and Extraordinary Shareholders Meeting held on April 3, 2012 and publishedonApril4,2012.Noneofourshareholdersexercisedthisright. RiodeJaneiro,May7,2012 RogrioFrotaMelzi InvestorRelationsOfficer IRContacts: FlviaMenezesdeOliveira InvestorRelationsManager +55(21)33119700 ri@estacioparticipacoes.com

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