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Scholastic Corporation [SCHL] Chief Financial Officer, Senior Vice President of Scholastic Media and Clifford The Big Red Dog(tm) Rings the NASDAQ Stock Market Opening Bell
February 13, 2009 - Scholastic Corporation [SCHL]
About this Marketsite Event:

Clifford Celebrates Valentine's Day At NASDAQ and Announces the Launch of New BE BIG!(tm) Cause Campaign to Help Local Communities Nationwide

Scholastic Corporation (SCHL), the global children's publishing, education and media company, will visit The NASDAQ Stock Market just before Valentine's Day to preside over the Opening Bell and to announce the launch of Clifford the Big Red Dog's own cause campaign, BE BIG! and the creation of the BE BIG(tm) Fund supporting community engagement opportunities that will recognize and reward others for their BE BIG actions, catalyze change in local communities and provide resources to share BIG ideas.

Who:

* Maureen O'Connell, Chief Financial Officer and Chief Administrative
  Officer of Scholastic Corporation (SCHL);

* Leslye Schaefer, Senior Vice President of Scholastic Media, a
  division of Scholastic Corporation (SCHL);

* Clifford The Big Red Dog, the beloved literary icon and star of the
  top rated children's television series.

About BE BIG!(tm):

Clifford The Big Red Dog's own cause campaign, BE BIG!(tm) and the BE BIG Fund (www.scholastic.com/cliffordbebig) is a national program that invites everyone, big and small, to raise awareness for how Clifford's BIG Ideas (Share, Help Others, Be Kind, Be Responsible, Play Fair, Be a Good Friend, Believe in Yourself, Respect Others, Work Together and Be
Truthful) can make the world a better place. Scholastic and Clifford, in establishing the BE BIG Fund, will support community engagement opportunities that will recognize and reward others for their BE BIG actions, catalyze change in local communities and provide resources to share BIG ideas.

Scholastic has joined with specialty retailer FAO Schwarz for the launch of the BE BIG program. FAO Schwartz in NYC as well as its top FAO boutiques in Macy's stores nationwide will carry exclusive BE BIG tagged Clifford Plush and Scholastic will donate 10% of the net proceeds from the sale of designated FAO Schwarz CLIFFORD BE BIG!
products to the BE BIG! Fund at HandsOn Network, a key operating arm of Points of Light Institute, the largest volunteer management organization in the nation.

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 children's media. 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 and school-based book fairs, retail stores, schools, libraries, television networks and the Company's Internet Site, www.scholastic.com.

About NASDAQ OMX:

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, including First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs.
NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.

Press Inquiries Only:
Organizations interested in obtaining NASDAQ-listed company bell ringing ceremony photographs for press purposes, must first receive approval from the listed company before requesting photographs from NASDAQ. Please provide the company contact information from whom you received approval to Jolene Libretto at jolene.libretto@nasdaq.com. Kindly credit © 2009, The NASDAQ OMX Group, Inc. Reprinted with permission.

Other Photography Inquiries:
For all other photography inquiries, please contact NASDAQ’s photographer, Zef Nikolla at zef.nikolla@nasdaqomx.com.

© 2009, The NASDAQ OMX Group, Inc. Reprinted with permission.