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

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

New York — December 19, 2012 — Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors today declared a quarterly cash dividend of $0.125 per share on the Company’s Class A and Common Stock for the third quarter of fiscal 2013. The dividend is payable on March 15, 2013 to all shareholders of record as of the close of business on January 31, 2013.

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.