Publication of Prospectus

GRUPO CLARIN S.A.

Grupo Clarín Publishes Spinoff Prospectus

On 18 June 2014, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Company's Spinoff Prospectus was available for publication. An English language version of the Spinoff Prospectus is also available to investors on the Company's website, using the following URL: http://www.grupoclarin.com/ir or http://www.grupoclarin.com/ir/Press-Releases.

Enquiries:

In Buenos Aires:

Alfredo Marín/Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: investors@grupoclarin.com 

In London:

Alex Money

Jasford IR

Tel: +44 20 3289 5300

Email: alexm@jasford.com 

In New York:

Melanie Carpenter

I-advize Corporate Communications

Tel: +1 212 406 3692

Email: clarin@i-advize.com