Grupo Clarin served notice of claim by ANSES

GRUPO CLARIN S.A.

Grupo Clarín served notice of claim by ANSES

On 18 September 2013, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that it had been served notice of the claim filed by the National Social Security Administration ("ANSES") in re: "National Social Security Administration v. Grupo Clarín S.A. re/ Ordinary Procedure" (File No. 73760), pending before the National First Instance Court on Commercial Matters No. 17, Secretariat No. 34.

According to the claim, ANSES requests the nullification of: (i) the General Annual Ordinary Shareholders' Meeting held on 26 April 2012 and all decisions adopted at that Shareholders' Meeting and, if that is not granted, the nullification of the decisions adopted on the following points of the agenda of said Meeting: Point 8 of the Shareholders' Meeting (Allocation of Earnings - Distribution of Dividends and/or Creation of Reserves) and Point 4 (consideration of the compensation of the members of the Board of Directors), (ii) the Special Meetings of Class "A" and "B" Shareholders, held on the same date, and the decisions adopted therein in connection with the appointment of directors by Class "A" and Class "B" shareholders for purposes of Point 9 of the agenda of said Meetings (Appointment of Members and Alternate Members of the Board of Directors), and (iii) the Special Meetings of Class "A" shareholders and Class "A" and "B" Shareholders, held on the same date, and the decisions adopted therein regarding the appointment of the members of the Supervisory Committee, for purposes of Point 10 of the agenda of said Meetings (Appointment of Members and Alternate Members of the Supervisory Committee).

Legal counsel to the Company understand that there are grounds to hold that the claim should be dismissed. Such grounds will be expressed in the Company's response to the claim.

The Company will keep the Argentine Securities Commission informed of any relevant event in connection with the above claim.

Enquiries:

In Buenos Aires:

Alfredo Marín/Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: [email protected] 

In London:

Alex Money/Clare Gallagher

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]