Cablevisión operations in Paraguay

GRUPO CLARIN S.A.

Cablevisión operations in Paraguay

On 16 February 2012, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that its subsidiary Cablevisión S.A. ("Cablevisión") provides pay-television and internet access services in Paraguay and is the leader in that market. At the initiative of other participants in the communications market, Cablevisión is exploring different strategic scenarios for its operations in Paraguay. This has raised a potential association / acquisition interest in certain market players. To date, no commitments have been assumed in that respect and conversations are subject to non-disclosure agreements.

Enquiries:

In Buenos Aires:

Alfredo Marín/Agustín Medina Manson

Grupo Clarín

Tel: +5411 4309 7215

Email: investors@grupoclarin.com

In London:

Alex Money/Helen Greenwood

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