THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Scholastic Corporation (SCHL)

8/8/2005 Proxy Information

Andrew S. Hedden is a partner of the law firm of Coudert Brothers LLP, which has provided legal services to the Company in the past and is expected to continue to do so in the future. This relationship is periodically reviewed and the services approved by the Audit Committee of the Board.

8/2/2004 Proxy Information

Andrew S. Hedden is a partner of the law firm of Coudert Brothers LLP, which has provided legal services to the Company in the past and is expected to continue to do so in the future.

Mr. Oliver is the grandson of a former Chairman of the Board of Directors of Scholastic Inc.

8/19/2003 Proxy Information

Andrew S. Hedden is a partner of the law firm of Coudert Brothers LLP, which has provided legal services to the Company in the past and is expected to continue to do so in the future.