SCHOLASTIC REPORTS FOURTH QUARTER AND FISCAL 2022 RESULTS LED BY RECORD REVENUE PER FAIR LEVELS AND STRONG EDUCATION SOLUTIONS SALES

Board Approves 33% Increase in Dividend Rate

New York, NY – July 14, 2022– Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and teleconference information for its fourth quarter and fiscal year 2022 earnings release:

New York, NY – July 7, 2022 – In coordination with the U.S. Consumer Product Safety Commission (CPSC) and Health Canada, Scholastic has voluntarily recalled the Shake Look Touch book, a plush book with touch and feel components for young children. The pom poms on the book may detach and could pose a choking hazard to young children. Scholastic has received two reports of the pom poms detaching with no injuries reported. Only books with the pom poms are included in this recall.

Filmed inside the legendary Carnegie Hall, the virtual celebration captures the return of creative teens to the esteemed theater following a two-year hiatus due to COVID, and will feature special guests Nick Cannon, Mayim Bialik, Zac Posen, Jason Reynolds, Tschabalala Self, and an introduction by Kelly Clarkson

Governor's Early Literacy Foundation, in collaboration with Scholastic, expands its K-3 Home Library program to benefit 162,000 teachers and students across Tennessee, marking the first statewide roll-out of an at-home book delivery program for K-3 students

Free Digital Experience for Kids on Scholastic Home Base, a Donation of 100,000 Books in Partnership with Save the Children and New Retail Promotions

Scholastic Kids Press™ Opens Its Annual Global Call for Applications and, in partnership with Scholastic Magazine+™ Editors, Launches Free Resources for Grades 4-6

Largest Statewide Reading Program of its Kind Celebrates First Major Milestone while Looking Ahead to Drive Enrollment

New York, NY – March 21, 2022 – Scholastic (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced Cristina Juvier has been named Chief People Officer. Based in New York, this new role for the company is designed to bring broad, strategic human resources leadership across Scholastic to best support employees. Ms.