ESTCIO OPARTICIPA ESS.A. Corporate eTaxpayers ID(CNPJ/MF F):08.807.43 32/000110 Co ompanyRegis stry(NIRE):3 33.3.

00282050 PubliiclyHeldCom mpany M MATERIALFA ACT

cioParticipa esS.A.(EstcioorC CompanyB Bovespa:EST TC3),pursua anttoparagr raph4 Estc of Ar rticle 157 of Law 6404/ and CVM Instructio 358/02 and subseque amendm f /76 M on ent ments, inform msthemark ketandthe publicingen neralthatth heInternatio onalFinance Corporation nIFC and t Compan have sign a loan a the ny ned agreement in the amou of seven million dollars unt nty d (US$7 70,000,000.0 00)infavoro oftheCompa anyonOctober21,2011 1. Thef financingwil llbemaded directlywith theIFCand dwillhavea atotalterm often(10) years. Thed disbursemen ntsasschedu uledasofth heendof2011.Theproc ceedswillbe eusedtoimprove existi ingcampuse es,opennew wunitsandfin cquisitionofcompanies. nancetheac OnJu une30,2011 1,Estcio'sc cashtotaled approximate elyR$68.2m million.Given ntheacceleration mpany inten to of or rganic growth and the success of th latest funding operati he ions, the com nds leverage growth opportunitie in the Bra es azilian educa ation sector through the opening of new e ,theofferof finnovativecourses,stra ategicacquis sitionsandm marketconso olidation. units, Abou uttheIFC The IFC, the Wo orld Banks arm in the private sector, is the largest glo e obal develop pment institutionfocuse edexclusivel lyonthe priivatesector. .TheIFC pro omotessust ainablegrow wthin devel loping countries by sup pporting the developme of the private secto mobilizin the e ent p or, ng intern nationalpriv vatecapitala andprovidin ngconsulting gservicestocompaniesa andgovernm ments. In2011,theIFCs snewinvestm mentstotale edUS$19billion. btainfurther rinformation n,pleaseacc esswww.ifc.org. Toob RiodeJane eiro,October21,2011 rioFrotaM Rog Melzi Investo orRelationsO Officer Estcio oParticipaesS.A.