CVH Holds Extraordinary Shareholders' Meeting

Cablevisión Holding S.A.

Cablevisión Holding Holds Extraordinary Shareholders' Meeting

On June 3 2019, Cablevisión Holding S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that on May 31, 2019 the Company held its Extraordinary Shareholders' Meeting, with a quorum of 95.20% of the Company's issued and outstanding capital stock and 97.67% of the votes. At the shareholders' meeting, the shareholders decided as follows:

1) Appointment of two (2) shareholders to draft and sign the meeting minutes.

Unanimously, the shareholders appointed the representatives of the shareholders Aranlú S.A. and GC Dominio S.A. to sign the meeting minutes.

2) Consideration of the application of the Company's Retained Earnings as of 31 December 2018, (Ps. 58,339 million). The Board of Directors proposes that such amount be allocated as follows, provided that the Shareholders shall decide the determination of the distributable amounts pursuant to CNV Resolution 777/18: i) to increase the Legal Reserve-an amount that shall not be lower than 5% of the results of the year and the adjustments up to 20% of the company's registered equity plus the balance of the equity adjustment account-Ps. 688 million; ii) increase the Optional Reserve to meet financial obligations, Ps. 9,614 million; iii) increase the Reserve for Illiquid Results, Ps.48,037 million. In addition, the Board proposes to the Shareholders that they disaffect in full the Optional Reserve for Future Dividends, the Optional Reserve to guarantee the liquidity of the Company and its subsidiaries and the Reserve for financial assistance to subsidiaries and the media law, and that such amounts be reassigned to the Optional Reserve for Illiquid Results.

Unanimously, the shareholders approved the allocation of the Company´s Retained Earnings as of 31 December, 2018 proposed by the Board of Directors, adjusted as of 30 April, 2019 in accordance to the Consumer Price Index (National CPI) published on 15 May, 2019 pursuant to CNV Resolution 777/2018 (Ps. 67,457 million) , as follows: i) increase the Legal Reserve by Ps. 795 million ii) increase the Optional Reserve to meet financial obligations by Ps. 11,117 million and, iii) increase the Reserve for Illiquid Results by Ps. 55,545 million. In addition, the shareholders approved to disaffect in full the Optional Reserve for Future Dividends, the Optional Reserve to guarantee the liquidity of the Company and its subsidiaries and the Reserve for financial assistance to subsidiaries and the media law, and that such amounts be reassigned to the Optional Reserve for Illiquid Results.

Enquiries:

Mr. Agustín Medina Manson

Head of Investor Relations

Ms. Valentina López

Sr. Analyst of Investor Relations

www.cvh.com.ar

Email: [email protected]

Tel: (+54 11) 4309 - 3417