NOTICE TO THE MARKET

Pursuant Pursuant to Directive Release CVM/SGE/001/03 dated January 22, 2003 and Article 12, caput, of CVM Instruction 358 of January 3, 2002, as amended by CVM Instruction 449 of March 16, 2007, Anhanguera Educacional Participações S.A. ("Anhanguera" or the "Company") hereby announces that it received a communication from Third Point LLC ("Third Point"), a foreign investor pursuant to Resolution 2,689/00, in which Third Point informed that its equity interest accounts for a total of 26,000,000 common shares, which represent a 5.95% interest in the common shares issued by the Company.
Third Point clarifies that this is a passive investment that does not seek to alter the control structure or the administrative structure of the Company. It also clarifies that it does not hold debentures convertible into shares, directly or indirectly, nor has entered into agreements or undertakings governing the exercise of voting rights or the purchase and sale of securities issued by Anhanguera.

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Valinhos, May 20, 2014.

About Anhanguera Educacional Participações S.A.
Anhanguera Educacional Participações S.A. is one of the largest private for-profit education institutions in Brazil, with over 570 locations in all Brazilian states and the Federal District, offering more than 90 undergraduate and associate degree programs in the fields of business administration, law, engineering, health and other applied social sciences, as well as graduate and extension programs. The majority of its students are young adults from the middle and lower middle income segments who work during the day and study at night, a segment not fully served by education institutions in Brazil. The Company is committed to offering high-quality education to help these young workers attain the educational qualifications required by the labor market and improve their prospects for career development. Anhanguera Educacional is listed on the Novo Mercado special corporate governance segment of the BM&FBovespa S.A. - Securities, Commodities and Futures Exchange and trades under the symbol "AEDU3".

For further information, please contact the Investor Relations Department:
Vitor Pini - Investor Relations Officer

Phone: +55 (19) 3517-3799 | 3771
E-mail: dri@anhanguera.com
www.anhanguera.com/ir

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