1. 11 th Annual Latin American Conference

2. Source: INEP/MEC Why Invest in Education in Brazil Post-secondary Enrollments – (Unesco – 2005, million) Post-secondary Institutions in Brazil (units) Total Enrollments (million) Gross Enrollment Rate (Unesco - 2005) Largest market in Latin America, with low penetration rates and increasing demand for qualified labour Positive Sector Dynamics 69% 73% 72% 71% 70% 74% 31% 27% 28% 29% 30% 26% 3.0 4.5 4.2 3.9 3.5 4.7 High Growth Potential

3. Sector Overview: Highly Fragmented Market Top 10 Non-Government Institutions Market Share (2005) Based on Number of Enrolled Students Non-Government Institutions (number & Size) 2K < 4.9K 1,014 616 173 Top10 largest post-secondary institutions account for less than 20% of total enrollments 1 Number of institutions Up to 499 500 < 1.9K 5K or more 131 Number of students 17.4% 82.6% 10+ Others (1) Source: Hoper Educational (2005) Positive Sector Dynamics High Potential for Consolidation 1,934 Institutions 3.3 million enrollments

5. Growth History Turnaround and Preparation for IPO Strong Organic Growth National Leadership North and Northeast: subsidiaries for profit status Main subsidiary (SESES): for profit status (Feb/07) Begin National Expansion Undergraduate Students (in thousand) (Accounting and Management systems) IPO (July/07) Who we are GP (May/08) Efficiency Gains and Consolidation (*) - Includes 5 recent acquisitions, which are in process of approval in Extraordinary Shareholders´ Meeting 23 26 35 51 70 118 141 135 144 162 167 178 205* 1970/96 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1H08

11. Efficiency Gains - COGS - Faculty Costs Competitive Advantages Academic Reform MODULARIZATION: Reduce Course Pre-requisites / Reduce Attrition / Flexible Curricula COMMON COURSES: Same Course for Different Programs (Languages, Math, etc) STANDARDIZED PROGRAMS in all our campuses DISTANCE LEARNING: Increase usage of on-line activities (up to 20% of Schedule) Union Agreement - RJ Increase wages below inflation Increase the number of students per class

14. 60 (R$ million) 7% 12% 12% 11% 11% 56 96 762 829 860 428 476 (4) 81 229 31 43 256 (48) 20% 19% 124 164 92 82 172 47 101 51 Financial Highlights 13 20% 16% Financial Highlights (1) Adjusted in 1H07, to the payment of taxes in jan/07 (SESES became for profit in February 2007) and to extraordinary items in 2Q08 (2) Excluding goodwill amortization from acquisitions and extraordinary expenses Adjusted Net Income 2 2005 2006 2007 1H08 Adjusted EBITDA Margin Adjusted EBITDA 1 Net Revenue Net Cash 23 41 EBITDA ex rental 1 EBITDA Margin ex-rental 19% 1H07

15. IR Contacts & Disclaimer Investor Relations: Lorival Luz – [email_address] Carlos Lacerda – [email_address] Fernando Santino – [email_address] e-mail: [email_address] Phone: (55) 21 2433 9789 / 9790 / 9791 Fax: (55) 21 2433 9700 Visit our website: www.estacioparticipacoes.com/ir Disclaimer: This presentation may contain forward-looking statements concerning the industry’s prospects and Estácio Participações’ estimated financial and operating results; these are mere projections and, as such, are based solely on the Company management’s expectations regarding the future of the business and its continuous access to capital to finance Estácio Participações’ business plan. These considerations depend substantially on changes in market conditions, government rules, competitive pressures and the performance of the sector and the Brazilian economy as well as other factors and are, therefore, subject to changes without previous notice. We are a holding company, and our only assets are our interests in SESES, STB, SESPA, SESCE, SESPE and IREP, and we currently hold 99.9% of the capital stock of each of these subsidiaries. Considering that the Company was incorporated on March 31 2007, the information presented herein is for comparison purposes only, on a proforma unaudited basis, relative to the first three months of 2007, as if the Company had been organized on January 1 2007. Additionally, information was presented on an adjusted basis, in order to reflect the payment of taxes on SESES, our largest subsidiary, which from February 2007, after becoming a for-profit company, is subject to the applicable taxation rules applied to the remaining subsidiaries, except for the exemptions arising out of the PROUNI – University for All Program (“PROUNI”). Information presented for comparison purposes should not be considered as a basis for calculation of dividends, taxes or for any other corporate purposes . Av. das Américas, 3434 - Bloco 7 - 2º andar Cep 22640-102 Barra da Tijuca - Rio de Janeiro IR Contact Info