Contact:
Scholastic Corporation

Investors: Gil Dickoff
212-343-6741
(investorrelations@scholastic.com)

Media: Kyle Good
212-343-4563
(kgood@scholastic.com)

New York — March 19, 2014 — Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today declared a quarterly cash dividend of $0.15 per share on the Company’s Class A and Common Stock for the fourth quarter of fiscal 2014. The dividend is payable on June 16, 2014 to all shareholders of record as of the close of business on April 30, 2014.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology and related services and children's media. Scholastic creates quality books and ebooks, print and technology-based learning materials and programs, magazines, multi-media and other products that help children learn both at school and at home. The Company distributes its products and services worldwide through a variety of channels, including school-based book clubs and book fairs, retail stores, schools, libraries, on-air, and online at www.scholastic.com.

SCHL: Financial