Grupo Clarín S A : Calls to the Annual Ordinary Shareholders' Meeting

GRUPO CLARIN S.A.

Grupo Clarín Calls Annual Shareholders' Meeting

On 22 March 2021, Grupo Clarín S.A. (the "Company") informed the Argentine

Securities Commission and the Buenos Aires Stock Exchange that the Company's Board of Directors had held a meeting on that date, at which they resolved to call the Company's Annual Ordinary Shareholders' Meeting for 30

April 2021 at 15.00 on first call and 10 May 2021 at 15.00 on second call, at the

Company's headquarters located on Calle Piedras 1743, City of Buenos Aires.

The Meeting's agenda will be the following: "1) Appointment of two (2)

shareholders to sign the meeting minutes; 2) Consideration of the documents set forth under Section 234, subsection 1 of Law No 19,550 and related laws, corresponding to economic year No. 22, ended 31 December 2020; 3) Consideration of the performance of the members of the Board of Directors; 4) Consideration of the compensation of the members of the Board of Directors (Ps. 44,920,826 allocated amount) for the economic year ended 31 December 2020, which yielded a computable loss, as defined in the Rules of the Argentine Securities Commission. 5) Authorisation to the Board of Directors to pay advances on compensation for economic year 2021 to directors who perform technical administrative functions and/or special commissions and/or independent directors, subject to the decision of the shareholders at the next Shareholders' Meeting at which compensation of the members of the Board of Directors is considered; 6) Consideration of the performance of members of the Supervisory Committee; 7) Consideration of the compensation of the members of the Supervisory Committee for the economic year ended 31 December 2020. Authorisation to the Board of Directors to pay advances on compensation for economic year 2021, subject to the decision of the shareholders at the next Shareholders' Meeting at which compensation of the members of the Supervisory Committee is considered; 8) Consideration of the application of the Company's Retained Earnings as of 31 December 2020, which yielded a negative result of Ps. 275,662,483. The Board of Directors proposes [that the Company] absorb all of the negative Retained Earnings pursuant to Article 11, Chapter III, Title IV of the Rules of the Argentine Securities Commission (as restated in 2013), as follows: i) by partially reversing the Issuance Premium. 9) Appointment of the members and alternate members of the Board of Directors; 10) Appointment of the members and alternate members of the Supervisory Committee; 11) Approval of the annual budget of the Audit Committee; 12) Consideration of the fees of the External Auditor for the economic year ended 31 December 2020; 13) Appointment of the Company's External Auditor; 14) Amendment of article sixteen of the Company's Bylaws".

At the meeting, the Board of Directors of the Company recommended the appointment as external Auditor of the Company's financial statements for the year ended 31 December 2021 of the firm Price Waterhouse & Co. S.R.L (PWC), with Mr. Alejandro Javier Rosa acting as certifying accountant and Messrs. Reinaldo Sergio Cravero and Ezequiel Luis Mirazón acting as alternate certifying accountants, all of them members of the firm Price Waterhouse & Co. S.R.L

(PWC). The Board also resolved to set the budget of the Company's AuditCommittee at Ps. 1,200,000 for the fiscal year ended 31 December 2021. Finally, the Board of Directors of the Company proposed an amendment to the provision of the Company's Bylaws that governs majorities and quorum at in-person and remote Board meetings.

Attached below as Exhibit A is a free translation of the minutes of the meeting of the Board of Directors held on 22 March 2021.

Enquiries:

In Buenos Aires: Samantha Olivieri Grupo Clarín

Tel: [phone]

Email:[e-mail]

In London:

Alex Money/Clare Gallagher Jasford IR

Tel: [phone] Email:[e-mail]

In New York:

Melanie Carpenter

I-advize Corporate Communications Tel: [phone]

Email:[e-mail]