Statement re Cablevisi?n S.A.

27 Aug 2009 17:25



27th August 2009

GRUPO CLARIN S.A.

Cablevisión S.A.

On 26 August 2009, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission that on 25 August 2009, the Argentine Supreme Court dismissed all pending extraordinary appeals against the ruling of the Argentine Commercial Court of Appeals that confirmed the terms of the out-of-court debt restructuring ("APE") of its subsidiary Cablevisión S.A. ("Cablevisión"). As a result of the Supreme Court's decision, judicial confirmation of the APE is now final.

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