Scholastic Corporation

Maureen O'Connell, Chief Financial Officer of Scholastic Corporation, presides over the closing bell.

Friday, July 20, 2007

from Nasdaq MarketSite
in New York's Times Square

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Maureen O'Connell, Chief Financial Officer of Scholastic Corporation, presides over the closing bell along with past Harry Potter contest winners from across the country in celebration of the 7th and final installment of the Harry Potter books, Harry Potter and the Deathly Hallows, which will be released on July 21 at 12:01 a.m.
Harry Potter and the Half-Blood Prince, J.K. Rowling's sixth Harry Potter book, was released on July 16, 2005, and was the fastest-selling book in history selling 6.9 million copies in the first 24 hours. All six Harry Potter books, Harry Potter and the Sorcerer's Stone, Harry Potter and the Chamber of Secrets, Harry Potter and the Prisoner of Azkaban, Harry Potter and the Goblet of Fire, Harry Potter and the Order of the Phoenix, as well as Harry Potter and the Half-Blood Prince have been number one bestsellers in the United States, Britain, and around the world. Scholastic is printing an unprecedented 12 million copies of Harry Potter and the Deathly Hallows which will be released at 12:01 a.m. on July 21, 2007. The American editions of the Harry Potter books are published under Scholastic's Arthur A. Levine imprint.

Scholastic Corporation (Nasdaq:SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries and television networks; and the Company's Internet site, www.scholastic.com.

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- Pictured: Maureen O'Connell, Chief Financial Officer of Scholastic Corporation, presides over the closing bell.
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