Sale of Paraguay Operations

GRUPO CLARIN S.A.

Sale of Paraguay Operations

On 2 October 2012, Grupo Clarín S.A. (the "Company") disclosed additional information to the Argentine Securities Commission and the Buenos Aires Stock Exchange in connection with the sale of the operations of the current subsidiaries of Cablevisión S.A. ("Cablevisión") in the Republic of Paraguay to Telefónica Celular del Paraguay S.A., a subsidiary of Millicom International Cellular S.A. The Company informed that on 1 October 2012, the Parties formalized the closing of the transactions relating to the sale of the operations of the current subsidiaries of Cablevisión in the Republic of Paraguay to Telefónica Celular del Paraguay S.A.

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]