Grupo Clarín S A : GCSA responds Shareholder information request

GRUPO CLARIN S.A.

Grupo Clarín Responds Shareholder Information Request

On 12 April 2021, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that it had exchanged notes with a shareholder in connection with the agenda of the Ordinary Annual Shareholders' Meeting to be held on 30 April 2021.

Attached as Exhibit A is a free translation of the Company's response.

Enquiries:

In Buenos Aires:

Samantha Olivieri / Valentina López

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

EXHIBIT A

FREE TRANSLATION

Buenos Aires, 12 April 2021

To the Shareholder of

Grupo Clarín S.A.

National Social Security Administration (ANSES)

Fondo de Garantía de Sustentabilidad

By Hand

Attn: Coordinator of Corporate Affairs Mrs. Paola Rolotti

Dear Madam,

I, Jorge C. Rendo, in my capacity as President of Grupo Clarín S.A. (hereinafter, interchangeably, the "Company" or "Grupo Clarín") hereby address You in response to your request for information, issued by e-mail dated 31 March 2021.

Pursuant to the General Companies Law No. 19,550, we hereby respond to your request as follows:

1. Detail of the shareholder composition as of the date hereof. Please include detail of the shareholder registry, specifying the percentages corresponding to each shareholder with more than 5% participation, per class of shares; indicating the number of votes and the number of shares.

1. According to Registry of common, nominative, non-endorsable Class A and C shares carried by the Company.

1. According to certificate issued by Caja de Valores S.A. delivered to the Company. (***) The registry of Class B common book-entry shares is carried by Caja de Valores S.A.

(****) Difference due to rounding.

1. Executed copy of the Minutes of the Board of Directors that calls an Ordinary and Extraordinary Shareholders' Meeting.
   The minutes of the Board of Directors that calls an Ordinary and Extraordinary Shareholders' Meeting, with due identification of the signors, was made available to the general public through the Autopista de Información Financiera ("AIF") [online electronic disclosure system used by public companies] under ID No. 2726159.
2. Current Composition of the Board of Directors (directors and alternate directors) with the dates on which they were appointed and inform on the term of their office.
   According to the minutes of the shareholders' meeting held for the appointment of authorities on 30 April 2020 (ID 2608102), minutes of the meeting of the Board of Directors at which positions were allocated, held on the same date (ID 2605786), the current composition of the Board of Directors of the Company is the following:
   Chairman: Jorge Carlos Rendo; Vice-Chairman: Héctor Mario Aranda; Directors: Felipe Noble Herrera, Alma Rocio Aranda, Horacio Ezequiel Magnetto, Francisco Pagliaro, Lorenzo Calcagno, Andrés Riportella, Horacio Eduardo Quirós and Ignacio Rolando Driollet. Alternate Directors: Francisco Iván Acevedo, Martín Gonzalo Etchevers, Patricia Miriam Colugio, Alberto Pedro Marina, Eugenio Eduardo Sosa Mendoza, Marcelo Fernando Boncagni, Carlos Rebay, Luis Germán Fernández; Lucas Puente Solari and Alfredo Enrique Kahrs.
   The terms of office of all of the abovementioned directors and alternate directors last one year.
3. With respect to the following points of the agenda, we request:

(Point 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.

Notwithstanding the fact that the accounting documents corresponding to the economic year ended on 31 December 2020 are available to the shareholders on AIF under ID No. 2721639 and in the Company's website (www.grupoclarin.com.ar) under the tab "Investor Relations - Financial Statements", attached is a copy in pdf format of the accounting documents executed by the President of the Board of Directors, President of the Supervisory Commission and External Auditor and the digital legalization of the Professional Counsel of Economic Sciences.

We confirm that the financial statements corresponding to 31 December 2020 that are submitted to the consideration of the shareholders are expressed in constant currency as of that date. For the restatement, [the Company] used the Consumer Price Index (CPI) published by the INDEC, as set forth under note 2.1.1 to the parent-company only financial statements. The Company has presented such financial statements in accordance with IAS 29 (Financial Reporting in Hyperinflationary Economies) and pursuant to CNV Resolution No. 777/18 (published in the Official Gazette on 28 December 2018).

(Point 3) Consideration of the performance of the members of the Board of Directors.

The composition of the Board of Directors of the Company is the one set forth in our response to point 2, above.

In light of the impact of the pandemic caused by the spread of COVID-19, the macroeconomic variables continued to deteriorate together with a profound deceleration and recession of the national economy.

Even though audio-visual, radio and graphic communication services, which are the main lines of business of the Company's operation have been excepted from the Preventive and Mandatory Social Isolation (ASPO, for their Spanish acronym) and the audience levels have been maintained, the Directors had to analyse with special care and attention the decisions concerning the management of the Company in order to adapt the Company's subsidiaries to the country's and the market's economic situation, after being affected by the situation caused by the sanitary emergency. We note that, among other matters under the Board's functions, the directors have overseen and adapted the implementation of the action plans to the new circumstances, have developed Social Responsibility policies and have overseen their implementation, have overseen the fulfilment of the Company's corporate communication strategy, working actively on the structure of corporate governance, preparing macroeconomic reports.

Given that we can foresee that the sanitary emergency situation will continue to affect the economic situation of the country as well as the levels of demand in the markets in which the Company operates, mainly as a result of cuts in advertising budgets, the Directors will remain in close contact with their advisors and auditors in order to make the best decisions for the Company.

The Directors who are members of the Audit Committee have undertaken the analysis and study of the matters submitted to their consideration, devoting themselves to the tasks of such Committee pursuant to the Capital Markets Law. They also met with advisors and auditors of the Company in order to have full knowledge of the matters that had to be dealt with in such a peculiar year. The annual report of the Audit Committee that reports on its actions during the fiscal year ended on 31 December 2020, dated as of 11 March 2021, was published on the AIF under ID No. 2721308.

Next we include-as we did in previous years-a description of the technical-administrative tasks performed by the members of the Board of Directors who are also employees of the Company.

Mr. Jorge Carlos Rendo is the Corporate Director of External Relations.

His functions as Corporate Director of External Relations consist in establishing, developing and maintaining relationships with the Company, governmental agencies, professional associations, business chambers, companies, universities, NGOs, National and International Press and Communications entities; external professional groups. He is responsible for the management of the organization's reputation. He develops plans, programs and procedures aimed at strengthening the relations of the companies of Grupo Clarín with the community, businesses, governmental agencies and other public and private entities. He is responsible for the institutional relations of Grupo Clarín and of all its companies with the National Government, Provincial and municipal Governments, decentralised agencies, business entities, public welfare entities, national and international Press organisations, companies and individuals. He is also in

This is an excerpt of the original content. To continue reading it, access the original document here.