Court extends injunction

GRUPO CLARIN S.A.

Court Extends Injunction

On 22 December 2015, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that it had been served notice of a decision rendered by the Federal Civil and Commercial Court No. 1 in re "Grupo Clarín S.A. and others v. National State and other re/ merely declarative action" File No. 7263/2012, whereby the court decided serve notice to the defendant of a request filed by claimants for a six-month extension of the injunction granted on 9 December 2014 that suspended the effects of Resolution No. 1121/14 and the "Ex-officio transfer procedure", which was extended for six months on 15 July 2015. The Court's decision extends the injunction preliminarily until a decision is rendered regarding the six-month extension request.

Attached is a free translation of the relevant sections of the decision of the Federal Civil and Commercial Court No. 1.

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]

FREE TRANSLATION

National Judicial Branch 

FEDERAL CIVIL AND COMMERCIAL COURT NO. 1

7263/2012

GRUPO CLARÍN S.A. AND OTHERS V/ NATIONAL GOVERNMENT AND OTHERS RE/ MERELY DECLARATIVE ACTION

Buenos Aires, 18 December 2015.- LB

 [Recitals intentionally omitted]

In consequence, we must order the extension of the decision rendered on 9 December 2014 (pp. 1262/1278 of incident No. 1 and copies of pp. 546/561 bis of this incident) and extended for six more months pursuant to the decision of 15 July 2015 (as stated in pp. 1164/1171), confirmed by the Court of Appeals - Chamber I-on pp. 1223/1226), and for as long as [we] decide on the extension of the injunction requested [by claimant].

IT IS SO DECIDED

Let this decision be recorded notified.

In addition, let the defendants be served notice of the request made on pp. 1231/1237, [so that they may respond within a period of] five days.

Let they be notified.

Let [us take note of] the authorizations granted and the reservation made.

/s/ Horacio C. Alfonso

Deputy Federal Judge