Subsidiary Cablevision S.A. Exercises Option

GRUPO CLARIN S.A.

Company's subsidiary Cablevisión S.A. Exercises Option

On 28 January 2016, Cablevisión S.A. ("Cablevisión"), a subsidiary of Grupo Clarín S.A. (the "Company") supplemented the information filed with the Argentine Securities Commission and the Buenos Aires Stock Exchange on 14 September 2015 in connection with the offer to acquire Nextel Communications Argentina S.R.L. ("Nextel Argentina"). In that regard, Cablevisión informed that Cablevisión and its subsidiary Televisión Dirigida S.A. had exercised the option to acquire 51% of the capital stock and votes of Nextel Argentina and, consequently, Cablevisión had become, directly and indirectly, the holder of 100% of the capital stock and votes of Nextel Argentina, subject to the approval of the ENTE NACIONAL DE COMUNICACIONES (National Communications Agency or ENACOM).

Cablevisión and Nextel Argentina will file for approval of the ENACOM following the procedure provided under Section 8 of Decree No. 267/2015.

Enquiries:

In Buenos Aires:

Alfredo Marín/Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: [email protected] 

In London:

Alex Money

Jasford IR

Tel: +44 20 3289 5300

Email: [email protected] 

In New York:

Melanie Carpenter

I-advize Corporate Communications

Tel: +1 212 406 3692

Email: [email protected]