6 Nov 2015 07:28
GRUPO CLARIN S.A.
Court of Appeals Confirms Injunction
On 5 November 2015, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that it had been served notice of a decision rendered by the National Court of Appeals on Federal Civil and Commercial Matters, Chamber No. 1 in re "Grupo Clarín S.A. and others v. National State and other re/ merely declarative action" File No. 7263/2012, whereby on 3 November 2015 the court decided to confirm the extension of the injunction that suspends the effects of Resolution 1121/AFSCA-2014 and of the "Ex-Officio divestment procedure."
Attached below is a free translation of the relevant sections of the decision rendered by the National Court of Appeals on Federal Civil and Commercial Matters, Chamber No. 1.
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
FREE TRANSLATION
National Judicial Branch
National Court of Appeals on Federal Civil and Commercial Matters - Chamber I
C. 7263/2012/6/CA6 - I - "Grupo Clarín S.A. and others v/ National Government and others re/ merely declarative action - incidental procedure relating to injunction - Audiovisual Communication Services Federal Enforcement Authority AFSCA.
Court Nº: 1
Secretariat Nº: 1
Buenos Aires, 3 November 2015.
[Recitals intentionally omitted]
Based on the grounds set forth above, the Court DECIDES: 1) To confirm the decision of pp. 1164/1171. Costs are allocated as incurred [by the parties] given novelty of the matters involved (Sections 70, second paragraph, and 71 of the Procedural Code, DJA).
Let this decision be recorded notified and returned [to the First Instance Court].-
/s/ María Susana Najurieta
/s/ Ricardo Guarinoni
/s/ Francisco de las Carreras