Court Renders Decision Relating to Tender Offer

CABLEVISIÓN HOLDING S.A.

Court Renders Decision Relating to Tender Offer

On 27 December 2019, Cablevisión Holding S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Company had been served notice of (i) a decision rendered by Chamber V of the Court of Appeals on Federal Administrative Litigation Matters that confirms the extension of the injunction granted by the decision of 15 November 2019 in re "Burgueño Daniel v. Executive Branch - Argentine Securities Commission on (Autonomous) Injunction" (File No. 89537/2018), and (ii) a declaratory decision rendered by the first instance court in re "Burgueño Daniel v. Executive Branch - Argentine Securities Commission on ordinary proceeding" (File No. 33763/2019), whereby that court admitted Mr. Burgueño's claim and resolved that the Company was not under an obligation to launch a mandatory tender offer to acquire shares, pursuant to Article 32 (k) of General Resolution 779/18 of the Argentine Securities Commission. The court ordered the Argentine Securities Commission to close the proceedings initiated against the Company and imposed the costs of litigation on such agency (Article 68, paragraph 1 of the National Code of Civil and Commercial Procedure). The court also notified the Company that it must desist of the process launched in connection with the tender offer.

The Company will adopt the necessary measures to comply with the court's decision in due course.

Enquiries:

Mr. Agustín Medina Manson

Head of Investor Relations

Mr. Valentina López

Sr. Analyst of Investor Relations

www.cvh.com.ar

Email: [email protected]

Tel: (+54 11) 4309 - 3417