Vend Marketplaces ASA

Schibsted ASA (SCHA/SCHB) - Scope affirms Schibsted ASA's BBB issuer rating and revises the Outlook to Positive

13.6.2024 18:06:52 CEST | Schibsted | Additional regulated information required

to be disclosed under the laws of a member state

Scope Ratings GmbH ("Scope") has today affirmed Schibsted ASA's ("Schibsted")

issuer rating at BBB and revised the outlook to Positive from Stable. Scope has

also affirmed Schibsted's short-term debt rating at S-2 and its senior unsecured

debt rating at BBB.

The Outlook is Positive, reflecting Scope's expectation that the reorganisation

of the company with the divestment of its news media operations and the partial

sale of Adevinta shares, the proceeds of which will partly be used to repay

debt, combined with the refocusing of Nordic Marketplaces on verticals, will

lead to a strong improvement in credit metrics, exemplified by Scope-adjusted

Debt/EBITDA below 2x in the medium term.

The latest information on the rating, including rating reports and related

methodologies, is available at:

https://scoperatings.com/ratings-and-research/rating/EN/177242

Oslo, 13 June 2024

SCHIBSTED ASA

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Catharina Thorenfeldt, Group Treasurer, +47 916 86 692,

* Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835,

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/18139750/4642/Download%20announce

ment%20as%20PDF.pdf

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