Special Meeting of Class 'C' Shareholders

GRUPO CLARIN S.A.

Special Meeting of the Class "C" Shareholders

On 28 February 2012, Grupo Clarín S.A. (the "Company") submitted to the Argentine Securities Commission and the Buenos Aires Stock Exchange the notice whereby the Company called for a Special Meeting of the Class "C" shareholders, which had been published on the Official Gazzette and Diario Clarín for the first time on that date.

Attached below is a free translation of said notice.

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]

Free translation

GRUPO CLARIN S.A.

Calls a Special Meeting of Class "C" Shareholders

The holders of Class "C" Shares of Grupo Clarín S.A. are hereby called to a Special Meeting of Class "C" Shareholders to be held on 26 March 2012 at 15.00 hours on first call and on 4 April 2012 at 15.00 on second call, at the Company's headquarters, located at Calle Piedras 1743, Ciudad Autónoma de Buenos Aires, in order to consider the following agenda:

1) Appointment of two shareholders to draft and sign the meeting minutes.

2) Appointment of one Director and two Alternate Directors.

3) Appointment of a Syndic and an Alternate Syndic.

Note: Holders of Class "C" Shares whose share registry is kept by the Company are reminded that they must notify the Company of their assistance no later than 20 March 2012, between 11.00 and 17.00 hours, at Calle Tacuarí 1846, Ciudad Autónoma de Buenos Aires.

Héctor H. Magnetto

President of GRUPO CLARÍN S.A.

Appointed at the Shareholders Meeting of 28/04/2011 and

the Meeting of the Board of Directors of 9/05/2011.