BUENOS AIRES, ARGENTINA / ACCESSWIRE / August 9, 2024 / Grupo Clarín SA (“Grupo Clarín” or the “Company” – BCBA:GCLA), Argentina’s largest media company, today announced its results for the first half and second quarter of 2024. The figures in this report have been prepared in accordance with International Financial Reporting Standards.

^{(“IFRS”) as of June 30, 2024 and are expressed in Argentine pesos (“Ps”) unless otherwise stated.}

• Management has applied IAS 29 in preparing these financial statements (inflation adjustment) in accordance with Resolution 777/18 of the Comisión Nacional de Valores (“CNV”), which requires that the adjustment be applied to the financial statements.

• Highlights (1H24 vs. 1H23):

• For the purposes of the analysis, it should be noted that the comparative results presented (1H23) include the effect of inflation compared to the previous year as of June 30, 2024, which was 271.5%.^{Total revenues amounted to P128,491.1 million, down 37.5% in real terms from H1 2023, mainly due to lower revenues in the digital and print publications and broadcasting and programming segments.} Adjusted EBITDA

• (1)^{reached P3,522.7 million, down 86.3% from P25,715.8 in H1 2023, mainly due to lower EBITDA in the Digital and Print Publications segment and, to a lesser extent, lower EBITDA in the Broadcasting and Programming segment.} Adjusted EBITDA margin of Grupo Clarín

• (2)

was 2.7% in the first half of 2024, compared to 12.5% ​​in the first half of 2023.

(35.2%)

(451.9%)(1) We define Adjusted EBITDA as total revenues less selling expenses (excluding depreciation and amortization) and selling, general and administrative expenses (excluding depreciation and amortization). We believe Adjusted EBITDA is a meaningful measure of our performance and is often used to analyze and compare media companies based on their operating performance, leverage and liquidity. Nevertheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, as an indication of our financial performance, as an alternative to cash flow from operations, or as a measure of liquidity. Other companies may calculate Adjusted EBITDA differently; therefore, Adjusted EBITDA reported by other companies may not be comparable to the Adjusted EBITDA we report.

(2) We define the adjusted EBITDA margin as adjusted EBITDA divided by total revenue

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CONFERENCE CALL AND WEBCAST INFORMATION
CLARIN GROUP SA

(BCBA: GCLA)
cordially invites you to participate in the webcast presentation to discuss the results of the first half and the second quarter of 2024

Date: Tuesday, August 13, 2024
Time: 12:00 Buenos Aires time/3:00 p.m. London time/11:00 a.m. New York time

To access the live stream and slide presentation, visit:

https://event.choruscall.com/mediaframe/webcast.html?webcastid=0WiOn67n

The webcast presentation is also available at https://ir.grupoclarin.com.

ABOUT THE COMPANY

Grupo Clarín is Argentina’s largest media company and a leader in the digital and print publishing, broadcasting and programming markets. Its flagship newspaper – Diario Clarín – is one of the largest newspapers by circulation and has the largest base of paying digital subscribers in Latin America. Grupo Clarín is the largest producer of media content in Argentina, including news, sports and entertainment, reaching virtually all segments of the Argentine population in terms of wealth, geography and age.

Disclaimer Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Grupo Clarín. You can identify forward-looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may,” or “may” or the negative of these terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. Grupo Clarín does not intend, and does not undertake any obligation, to update these statements to reflect events or circumstances that occur after the date of this press release or to reflect the occurrence of unanticipated events. Many factors could cause actual results to differ materially from those in Grupo Clarín’s projections or forward-looking statements, including, among others, general economic conditions, Grupo Clarín’s competitive environment, risks associated with doing business in Argentina, rapid technological and market changes, and other factors specific to Grupo Clarín and its operations.

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