Purchase Offer

GRUPO CLARIN S.A.

Purchase Offer

On 16 March 2012, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Company's shareholders GC Dominio S.A., Ernestina Laura Herrera de Noble, ELHN - GRUPO CLARIN NEW YORK TRUST, HHM - GRUPO CLARIN NEW YORK TRUST, LRP - Grupo Clarín New York Trust, José Antonio Aranda and Aranlu S.A. had indicated to the Company that they had not exercised the purchase option granted by the shareholders GS Unidos LLC, GS Capital Partners III, L.P., GS Private Equity Partners 1999 - Direct Investment Fund, L.P. and GS Private Equity Partners II - Direct Investment Fund, L.P.

Enquiries:

In Buenos Aires:

Alfredo Marín/

Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: [email protected]

In London:

Alex Money/Helen Greenwood

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]