Government Appeals Extension of Injunction

GRUPO CLARIN S.A.

Government Appeals Extension of Injunction

On 19 December 2012, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that on 18 December 2012 the Company had been served notice of a decision rendered by Chamber 1 of the Federal Court of Appeals on Civil and Commercial Matters in re "Grupo Clarín S.A. and Others re: Injunctions" File No. 8836/2009, whereby that court admitted, as a devolutive appeal, the Extraordinary Appeal filed by the National Government against the decision rendered on 6 December 2012, whereby that court of appeals had extended the injunction granted by the first instance judge on 7 December 2009.

Enquiries:

In Buenos Aires:

Alfredo Marín/Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: [email protected]

In London:

Alex Money/Clare Gallagher

Temple Bar Advisory

Tel: +44 20 7002 1080

Email: [email protected]

In New York:

Melanie Carpenter/Peter Majeski

I-advize Corporate Communications

Tel: +1 212 406 3692

Email: [email protected]