Supercanal Litigation

GRUPO CLARIN S.A.

Supercanal Litigation

On 21 May 2012, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that Fintech Media LLC ("Fintech"), one of the shareholders of the Company's subsidiary Cablevisión S.A. ("Cablevisión") had informed Cablevisión of a decision rendered by Dr. Francisco de Asís Soto, Federal Judge on Civil and Commercial Matters of the City of Buenos Aires (Court No. 6, Secretariat No. 12) (the "Buenos Aires Court"), whereby that judge had (i) admitted Fintech's request that the Buenos Aires Court declare that the court currently hearing the case "Supercanal S.A. C/ Cablevisión S.A. y otros s/amparo" lacked jurisdiction; and (ii) sent notice to Federal Court of First Instance No. 2 of the Province of Mendoza, Secretariat No. 4 (the "Mendoza Court") requesting that court to send the case files so that the case may be heard by the Buenos Aires Court or, if the Mendoza Court did not accept such request, to bring the case before the competent court resolve the matter of jurisdiction.

Attached hereto is a free translation of the relevant parts of the decision rendered by the Buenos Aires Court on 17 May 2012.

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

Free translation

National Judicial Branch

File No. 135/2012, FINTECH MEDIA LLC RE/ REQUEST TO DECLARE LACK OF JURISDICTION

Reg. No. 85

Buenos Aires, 17 May 2012-05-21

WHEREAS:

1. Fintech Media LLC requests that this court declare itself competent -by declaring another court's lack of jurisdiction (inhibitoria)-to hear the case "SUPERCANAL S.A. c/ CABLEVISIÓN S.A. y otros s/ amparo" […] (File No. 39.350/4), pending before Federal Court of First Instance No. 2 of the Province of Mendoza, Secretariat No. 4, and order that the case file be remitted [to this court] for the hearing of appeals and other issues raised in that litigation by the interested parties […], that are allegedly still pending resolution.

[REMAINING RECITALS INTENTIONALLY OMITTED]

Therefore, I hereby DECIDE TO: 1) Admit the request brought by Fintech Media LLC [that this court declare that the court currently hearing the case lacks jurisdiction] (inhibitoria). 2) Send notice to Federal Court of First Instance No. 2 of the Province of Mendoza, Secretariat No. 4 requesting that court to send the case file registered as "SUPERCANAL S.A. c/ CABLEVISIÓN S.A. y otros s/ amparo" (File No. 39.350/4) for its subsequent hearing before the court under my charge, for which purpose the notice shall include copy of the documents filed under pages 483/94 and 567/70, the decision filed under pages 536/539 and this decision; or, if [that court] does not accept the proposed request, [we ask] that it bring the case before the competent court to resolve the dispute.

Let this decision be registered and notified.

/s/ Francisco de Asis Soto

Judge