Acquisition

3 Sep 2008 10:00



GRUPO CLARIN S.A. (BCBA: GCLA; LSE: GCLA) announces acquisition of 

additional participation in Pol-Ka Producciones S.A. and SB Producciones S.A.

On 2 September 2008, Grupo Clarín S.A. (the "Company") informed the Buenos Aires Stock Exchange that on that date it had entered into an agreement to purchase 25% of the issued and outstanding capital stock and votes of Pol-Ka Producciones S.A. ("Polka") and SB Producciones S.A. ("SB") through its subsidiary Arte Radiotelevisivo Argentino S.A. ("ARTEAR") from the holders of 70% of the shares of the referred companies. By virtue of this agreement, ARTEAR-which already held 30% of the issued and outstanding capital stock and votes of Polka and SB-will increase its participation in each of the referred companies to 55%.

The total price agreed for the acquired stock was US$ 2,500,000.

The main activity of these companies is the production of audiovisual content.

Enquiries:

In Buenos Aires:

Alfredo Marín/M. Julia Díaz Ardaya

Grupo Clarín

Email: investors@grupoclarin.com

In London:

Alex Money/Tom Allison

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