Vasta Announces CFO Transition Period

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SAO PAULO–(BUSINESS WIRE)–Vasta Platform Limited (NASDAQ: VSTA) today announces the start of a transition period for its Chief Financial Officer. From today and until September 15, 2022, Vasta’s Chief Financial Officer, Mr. Bruno Giardino, will transfer his activities to Mr. Cesar Augusto Silva, after which Mr. Giardino will devote himself to personal projects. After September 15, 2022, Mr. Silva will assume the role of new Chief Financial Officer of Vasta, and Mr. Mario Ghio Junior, Managing Director of Vasta, will also assume the responsibilities of Head of Investor Relations.

Mr. Cesar Augusto Silva is an economist and accountant, holder of an MBA in business administration and has more than 25 years of experience in financial management and management control. Mr. Silva has worked at the Cogna Group as a Director of Control since 2016, after actively participating in Vasta’s IPO process with Nasdaq. Before joining the Cogna Group, Mr. Silva worked in companies such as JSL Logística, T-Systems Brasil and T-Systems Spain, and started his career in an audit firm.

About Vasta

Vasta is a leading high-growth education company in Brazil, powered by technology, providing end-to-end educational and digital solutions that meet all the needs of private schools operating in the K- 12, ultimately benefiting all of Vasta’s stakeholders, including students, parents, educators, administrators, and private school owners. Vasta’s mission is to help private K-12 schools be better and more profitable, supporting their digital transformation. Vasta believes it is uniquely positioned to help Brazilian schools embark on the process of digital transformation and bring their educational skills into the 21st century. Vasta promotes the unified use of technology in K-12 education with improved data and actionable insights for educators, increased collaboration between support staff, and improvements in production, efficiency and quality. For more information, please visit ir.vastaplatform.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date first issued and are based on expectations, estimates, forecasts and projections as well as management’s beliefs and assumptions. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond our control. Accordingly, current plans, intended actions, financial condition and future results of operations could differ materially from those set forth or implied in the forward-looking statements due to a number of factors, including, but not limited to , risks and uncertainties described in our filings with the United States. Security and Exchange Commission. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to to reflect subsequent events or circumstances or to reflect the occurrence of unforeseen events.

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