Acquisition

GRUPO CLARIN S.A.

Cuspide Libros S.A. Acquisition

On 3 October 2011, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that its subsidiary Artes Gráficas Rioplatense S.A. ("AGR") had acquired shares representing 65.45% of the capital stock and votes of Cúspide Libros S.A. and 2.40% of the capital stock and votes of Librerías Fausto SACEI (a company controlled by Cúspide Libros S.A.). In consideration for such shares, AGR will pay sellers US$ 2,800,000 and Ps. 3,750,462.

Enquiries:

In Buenos Aires:

Alfredo Marín/

M. Julia Díaz Ardaya/Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: [email protected]

In London:

Alex Money/Lorna Ellen

Temple Bar Advisory

Tel: +44 20 7002 1080

Email: [email protected]

In New York:

Melanie Carpenter/Peter Majeski

I-advize Corporate Communications

Tel: +1 212 406 3692

Email: [email protected]

Secretary