Scholastic Goes Back to Press for an Additional 400,000 Copies

Winning Schools to be Published in the 2011 Scholastic Book of World Records;
50,000 Books Donated to Reading is Fundamental to Mark a Successful Summer of Reading

I SPY Spooky Mansion to Thrill Families on Wii
Just in Time for Halloween

“The 39 Clues Book 10: Into the Gauntlet” by Margaret Peterson Haddix
to be Released Worldwide on August 31, 2010

New York — July 22, 2010 — Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported significantly higher earnings and free cash flow for the fiscal year ended May 31, 2010, exceeding its previous guidance. The Company also provided its fiscal 2011 plan focused on digital expansion and sustained cost and cash discipline.

New York, NY (July 15, 2010) — Ellie Berger, President of the Trade Publishing division of Scholastic (NASDAQ: SCHL), announced today that Matt Brown has been named SVP, Scholastic Inc., and President of Klutz, the highly innovative publisher of “books plus” for children, and a division of Scholastic, the global children’s publishing, education and media company.