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Kirby McInerney LLP Advises IRSA Inversiones y Representaciones S.A. Investors of Potential Claims

The law firm of Kirby McInerney LLP announced today that a class action lawsuit has been filed in the United States District Court for the Central District of California against IRSA Inversiones y Representaciones S.A. ("IRSA" or the "Company") (NYSE:IRS) on behalf of all persons or entities who acquired IRSA securities during the period from November 3, 2014 through December 30, 2015 (the "Class Period"). Pursuant to applicable law, investors have until April 25, 2016 to file a motion to be appointed as lead plaintiff in the investor lawsuit.

The lawsuit alleges that throughout the Class Period, the Company reported inaccurate financial information.

The lawsuit further alleges that on November 19, 2015, Spruce Point Capital Management published a research report stating that (i) the sizeable debt of IDB Development Corporation Ltd. (“IDBD”), an Israeli holding company in which IRSA had a large investment, should be consolidated with the Company’s financial statements, and (ii) this consolidation would violate the Company’s Global Notes Indenture. On this news, the ADR price fell from $16.67 to close at $15.06 (a decline of $1.61). On December 30, 2015, Bloomberg reported that the Company would retroactively consolidate its investment in IDBD.

If you acquired IRSA securities during the Class Period and you are interested in learning more about this matter and any rights you might have with respect to these claims, contact Rona Li at securitiescases@kmllp.com, or by telephone at (212) 371-6600. Please bear in mind that some of these rights may be time-sensitive.

Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex litigation, including securities class actions, for several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise in this field, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm's achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm or the claims against IRSA can be found at Kirby McInerney LLP's website: http://www.kmllp.com.

Contacts:

Kirby McInerney LLP
Rona Li, (212) 371-6600
securitiescases@kmllp.com

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