GCLA.L Regulatory News (GCLA)

11 Sep 2009 17:03



GRUPO CLARIN S.A.

Statement re Argentine Antitrust Commission Resolution

On 7 September 2009, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission that the Company was served notice of Resolution No. 106/09 of the Argentine Antitrust Commission (Comisión Nacional de Defensa de la Competencia), dated as of 4 September 2009. Attached hereto is an English language version of the relevant provisions of Resolution 106/09.

Enquiries:

In Buenos Aires:

Alfredo Marín/

M. Julia Díaz Ardaya/Alejandro Yu

Grupo Clarín

Email: investors@grupoclarin.com

In London:

Alex Money/Lorna Ellen

Temple Bar Advisory

Tel: +44 20 7002 1080

Email: clarin@templebaradvisory.com

In New York:

Melanie Carpenter/Peter Majeski

I-advize Corporate Communications

Tel: +1 212 406 3692

Email: clarin@i-advize.com

  FREE TRANSLATION

NATIONAL ANTITRUST COMMISSION RESOLUTION NO. 106/2009 (Dated as of September 4, 2009)

[Recitals intentionally omitted]

"THE NATIONAL ANTITRUST COMMISSION HEREBY DECIDES:

ARTICLE 1: To establish an audit of the notifying companies [Grupo Clarín S.A.; Vistone, LLC; Fintech Advisory, Inc.; Fintech Media, LLC; VLG Argentina, LLC and Cablevisión S.A.] to verify the fulfillment by such companies of the irrevocable commitment they made in order to obtain [the Commission's] authorization of the economic concentration transaction notified to the Commission, and to gather the information necessary to articulate and harmonise those aspects included in the measures ordered by the Federal Broadcasting Committee pursuant to Resolution No. 577, dated as of 3 September 2009, with the decision issued by the Secretary of Domestic Commerce on 7 December 2007 through Resolution No. 637.

ARTICLE 2: To prohibit the notifying companies, as from the date hereof and until the end of the audit and/or as decided by this [National Antitrust Commission], to remove or replace physical or legal assets used for the rendering of the services analyzed in the framework of the economic concentration transaction that is the object of these proceedings and the basis of Resolution 637/07 [of the Secretary of Domestic Commerce], without prejudice to the maintenance of the conditions of services rendered to subscribers pursuant to existing agreements, which service conditions [the companies] must abstain from altering.

ARTICLE 3: To appoint the following officials: Lic. María Eugenia Ferreiro Pella, Lic. Jorge Pereda, Dr. César Aníbal Pombo, Dr. José Alejandro Lucero and Dr. José Fernando Pereira as auditors, notwithstanding the power of the [Commission] to appoint other auditors if circumstances merit such appointment.

ARTICLE 4: To vest in the instructing official the power to dictate the necessary measures for the fulfillment of this resolution. 

ARTICLE 5: Let this Resolution be registered and notified. Notify to the Provisional Head (Interventor) of the FEDERAL BROADCASTING COMMITTEE and the SECRETARY OF DOMESTIC COMMERCE of the MINISTRY OF ECONOMY AND PUBLIC FINANCES."

SIGNED BY: Dr. Ricardo Napolitani (President), Dr. Humberto Guardia Mendonca (First Vice-President), Lic. Fabian M. Pettigrew (Member) and Dr. Diego Pablo Povolo (Member) of the National Antitrust Commission.