Board Member Leave of Absence

GRUPO CLARIN S.A.

Member of Company Board requests leave of absence

On 4 March 2015, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Company's Board of Directors had accepted the leave of absence requested by Director Jorge C. Rendo-for personal reasons-from 5 March 2015 up to and including 29 March 2015. Mr. Rendo will resume his position as director automatically on 30 March 2015. The Board also decided (i) to request alternate directors Messrs. Hernán Pablo Verdaguer and Martín Gonzalo Etchevers to assume Board membership during Mr. Rendo's leave according to the following detail (a) Mr. Hernán Pablo Verdaguer will replace Mr. Jorge C. Rendo from 5 March 2015 up to and including 15 March 2015, and (b) Mr. Martín Gonzalo Etchevers will replace Mr. Jorge C. Rendo from 15 March 2015 up to and including 29 March 2015, all as provided under Section 258 of the Argentine Business Associations Law, the Company's bylaws and the decision of the shareholders at the Annual General Ordinary Shareholders' Meeting held on 29 April 2014, and (ii) that Director Alejandro A. Urricelqui act as interim Chairman of the Board of Directors for the duration of Mr. Jorge C. Rendo's leave of absence.

Enquiries:

In Buenos Aires:

Alfredo Marín/Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: [email protected] 

In London:

Alex Money

Jasford IR

Tel: +44 20 3289 5300

Email: [email protected] 

In New York:

Melanie Carpenter

I-advize Corporate Communications

Tel: +1 212 406 3692

Email: [email protected]