Court Grants Injunction

GRUPO CLARIN S.A.

Court Grants Injunction

On 9 December 2014, 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/ incidental procedure relating to appeal" File No. 7263/2012, whereby the court granted an injunction requested by the Company and ordered the suspension of the effects of Resolution No. 1121/14 and the "Ex-officio transfer procedure" with respect to the claimant group, for a term of six months, all subject to a guarantee of Ps. 1,000,000, which must be posted by claimants prior to the injunction becoming effective and in the conditions provided under the court decision.

Attached below is a free translation of the relevant sections of the decision rendered by 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 1

7263/2012

Incidental Procedure No. 1 - CLAIMANT: GRUPO CLARÍN S.A. AND OTHERS DEFENDANT: NATIONAL GOVERNMENT AND OTHER re/ INCIDENTAL PROCEDURE RELATING TO APPEAL

Buenos Aires, [blank space] December 2014.

 [Recitals intentionally omitted]

Based on the grounds set forth above, I HEREBY DECIDE: 1) To admit the injunction requested [by claimants]. Consequently, I hereby order the suspension of the effects of Resolution No. 1121/14 and the "Ex-officio transfer procedure" with respect to the claimant group, for a term of six months, all subject to a guarantee of PESOS ONE MILLION (Ps. 1,000,000.-), which must be posted [by claimants] prior to [the injunction becoming effective] and in the conditions provided above. 2) Let this decision be recorded and notified.-

Signature Date: 09/12/2014

Signed by: HORACIO CECILIO ALFONSO, FIRST INSTANCE JUDGE