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Estacio Announces 1Q08 Consolidated Results: Net Revenue up 8.9%, to R$238 million; EBITDA of R$38.5 million, with 16.2% margin

Distributed by Press Release

RIO DE JANEIRO, Brazil (Map) - RIO DE JANEIRO, Brazil, May 8 /PRNewswire-FirstCall/ -- Estacio Participacoes S.A. (Bovespa: ESTC11) announces its 1Q08 consolidated results, with the following highlights:

    -- Undergraduate student base of 197,970 as of March 31, 2008,
       representing growth of 8.9% year on year and of 11.2% versus the close
       of the 2007 academic year.
    -- Record enrollment of 52,000 students in the first academic semester of
       2008, with average renewal rate of 87% (86% in 2007).
    -- Acquisition of three undergraduate institutions in Sao Paulo, with a
       total of 3,800 students, on March 31, 2008.
    -- Conclusion of the first phase of integration of our 67 units nationwide
       and startup of a shared services center, which will provide
       administrative and financial services to all of our units across
       Brazil.

To access the full earnings release, visit our website at http://www.estacioparticipacoes.com/ir .

    Upcoming Events:
    Conference Calls
    English
    May 8, 2008
    12:00 p.m. (US EDT)
    1:00 p.m. (Brasilia)
    Tel.: +1(973) 935-8893
    Replay: +1(706) 645-9291
    Code: 44832779
    Portuguese
    May 8, 2008
    10:00 a.m. (US EDT)
    11:00 a.m. (Brasilia)
    Tel.: +55 (11) 2188-0188
    Replay: +55 (11) 2188-0188
    Code: Estacio
    IR Contact
    Carlos Lacerda
    55 21 2433 9789
    carlos.lacerda@estacio.br
    Fernando Santino
    55 21 2433 9790
    fernando.santino@estacio.br
    ri@estacioparticipacoes.com
    http://www.estacioparticipacoes.com/ir

About Estacio Participacoes

Estacio Participacoes S.A. (BOVESPA: ESTC11), the largest private undergraduate institution in Brazil in terms of number of enrolled students, has 197,970 undergraduate students enrolled in its programs (03/31/2008), with a net revenue of R$238 million in the first quarter of 2008 (1Q08).

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