LIMA, Peru--(BUSINESS WIRE)--May 16, 2007--Thanks to an agreement signed today by the Minister of Education of Peru and cl@se, the educational TV channel of the Cisneros Group of Companies, teachers and children throughout Peru will have free access to cl@se, the first educational cable TV channel in Latin America.

The agreement was signed in the Presidential Palace before Mr. Alan Garcia Perez, President of Peru, Mr. Gustavo Cisneros, President of the Cisneros Group of Companies, and the Minister of Education, Jose Antonio Chang.

"It is our wish to make a contribution to education in Peru, through a first-quality service that will enrich the experience of teaching and learning," said Mr. Gustavo Cisneros, President of the Cisneros Group of Companies. At the same time, Mr. Alan Garcia Perez, President of Peru, emphasized that "education needs the backing of modernity through content and information carefully elaborated, and able to complement our curricula."

One of the most important goals of the agreement is to rapidly bring the cl@se signal to all Peruvian educational institutions. Peru's Ministry of Education will determine the educational institutions participating in the project, and who will receive cl@se's signal first.

cl@se is an educational TV channel that since 1996 has offered the best of educational programming 24 hours a day. cl@se targets three specific groups: children (ages 6 to 18 years), teachers and parents, and covers a variety of topics including languages, science, culture, mathematics, and adult continuing education. cl@se also plans to co-produce and air cultural and teacher training programs.

About cl@se

cl@se, a part of the Cisneros Group of Companies, is the first educational television channel available throughout Latin America offering, since 1996, the best in educational entertainment 24 hours a day. cl@se's programming targets three specific groups: children ages 6 to 18 years, teachers and parents. It covers a variety of themes, such as foreign language, science, culture, mathematics, and adult continuing education. As part of its efforts to contribute to education in Latin America, cl@se co-produces and airs cultural and teacher training programs though an alliance with Fundacion Cisneros. cl@se provides viewers with the necessary tools that allow the learning process to become relevant and captivating, by building on the power of entertainment to bring educational content into the home and school. The channel currently reaches over 800,000 homes and over 30,000 schools and 300 teacher training centers across Latin America.

About The Cisneros Group of Companies

The Cisneros Group of Companies is one of the largest privately held media, entertainment, technology, and consumer products organizations in the world. The Group owns, or holds interests in companies ranging from broadcast television networks and pay television services, to beverage businesses and supermarkets. Through its diverse businesses, the Cisneros Group of Companies delivers some of the top brands and the highest quality services to the 550 million Spanish- and Portuguese-speaking consumers in the Americas and Europe. The Group has recently expanded its activities from Ibero-America to countries worldwide.

Copyright Business Wire 2007

Fundacié³n Cisneros

Fundacié³n Cisneros

The Cisneros Group of Companies is one of the largest privately held media, entertainment, technology, and consumer products organizations in the world. The Group owns, or holds interests in companies ranging from broadcast television networks and pay television services, to beverage businesses and supermarkets. Through its diverse businesses, the Cisneros Group of Companies delivers some of the top brands and the highest quality services to the 550 million Spanish- and Portuguese-speaking consumers in the Americas and Europe. The Group has recently expanded its activities from Ibero-America to countries worldwide.

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