Notice of Results

For Immediate Release

GRUPO CLARIN S.A. TO HOST CONFERENCE CALL AND WEBCAST PRESENTATION

TO DISCUSS FIRST QUARTER 2011 RESULTS

Buenos Aires, May 4, 2011 - Grupo Clarín S.A. will host a conference call and webcast presentation on Thursday, May 12, 2011 at 4:00pm BST (12:00pm Buenos Aires time) to discuss its results for the first quarter ended March 31, 2011.

Presentations by Alejandro Urricelqui, Chief Financial Officer, and Alfredo Marín, Investor Relations Officer, will be in English, based on the earnings release, which will be distributed on May 12, 2011 at 1:00pm BST (9:00am Buenos Aires time).

Those interested in connecting via conference call are invited to please dial (0800) 092-3582 toll free from the U.K., 1 (800) 311-9401 toll free from the U.S., (0800) 333-0050 from Argentina, or 1 (334) 323-7224 from all other countries, 5-10 minutes prior to the start time. The Conference ID is #6118.

The webcast presentation will be available at http://www.grupoclarin.com.ar/ir

There will be a 2-week replay available starting one hour after the conclusion of the conference call. To access the replay, please dial (877) 919-4059 toll free from the U.S., or 1 (334) 323-7226 from anywhere outside the U.S. The replay passcode is: 74259469. The webcast presentation will be archived at http://www.grupoclarin.com.ar/ir.

About the Company

Grupo Clarín is the largest media company in Argentina and the market leader in the cable television and Internet access, printing and publishing, and broadcasting and programming segments. Its cable television network is one of the largest in Latin America, with the largest broadband subscriber base in Argentina. Its flagship newspaper -Diario Clarín- is the highest circulation newspaper in Latin America and the second-highest circulation Spanish-language newspaper in the world. Grupo Clarín is the largest producer of media content in Argentina, including news, sports and entertainment and reaches substantially all segments of the Argentine population in terms of wealth, geography and age.

Investor Relations Contacts

In Buenos Aires:

Grupo Clarín S.A.

Alfredo Marín / Agustín Medina Manson

Tel: +54 11 4309 7215

Email: [email protected]

In London:

Temple Bar Advisory

Alex Money/Lorna Ellen

Tel: +44 20 7002 1080

E-mail: [email protected]

In New York:

i-advize Corporate Communications

Melanie Carpenter/Pete Majeski

Tel: +1 212 406 3692

Email: [email protected]