Argentine Government Issues Decree

GRUPO CLARIN S.A.

Argentine Government Issues Decree

On 4 January 2016, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that, as is publicly known, on 4 January 2016 the Argentine Government published Decree No. 267/2015, which amends Audiovisual Communication Services Law No. 26,522 and Digital Argentina Law No. 27,078.

The Company is assessing the effects and scope of the Decree and will keep investors informed of any relevant facts in connection thereto.

A Spanish language version of Decree No. 267/2015 is available online on the Company's website at: http://www.grupoclarin.com/IR/files//Comunicados-Prensa/2016/DNU%20Enero.pdf .

The Company will inform investors as soon as it is able to make an English translation available online.

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