Cablevision Board Approves Issuance of Notes

GRUPO CLARIN S.A.

Cablevision Board Approves Issuance of Notes

On 29 May 2017, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Board of Directors of Cablevisión S.A. ("Cablevision"), a subsidiary of Cablevisión Holding S.A. (the spun off company that resulted from the Company's reorganization process), had approved (i) the main terms and conditions of its Class "B" Fixed Rate Notes, for an aggregate principal amount of up to USD 50,000,000, to be issued under the Global Program for the issuance of non-convertible notes for a nominal aggregate principal amount of USD 1,000,000,000 (or its equivalent in other currencies), (ii) the sub-delegation of powers to all members of the Board of Directors and certain managers of Cablevisión, and (iii) the filing of the required authorizations for the public offering, listing and/or trading of the Notes before the Argentine Securities Commission, Bolsas y Mercados S.A., the Open Electronic Market (Mercado Abierto Electrónico) and/or any other authorised securities market of the Republic of Argentina and/or abroad.

Enquiries:

In Buenos Aires:

Agustín Medina Manson / Patricio Gentile

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]