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M&A Activity • Mar 1, 2022

Contemplated offer to acquire ser. A shares in Schibsted ASA (SCHA)

Contemplated offer to acquire ser. A shares in Schibsted ASA (SCHA)

On behalf of Blommenholm Industrier AS, a company closely related to primary insider in Schibsted ASA Ole Jacob Sunde, (the “Buyer”), Arctic Securities AS (the “Manager”) is mandated to explore the opportunity to acquire up to 3,600,000 existing ser. A shares in Schibsted ASA, (equal to approximately 3.5 per cent of the share capital in Schibsted ser. A), but with the possibility for the Buyer at its full discretion to modify the number of shares to be acquired (the “Offer”).

The Offer is carried out through a book building process. The Manager will gather and accumulate sales orders from existing shareholders. All existing shareholders are invited to offer shares at a price levels defined by the selling shareholder. For all selling shareholders the purchase price will be set at a level representing a satisfactory price and offering volume. The purchase price will be identical for all selling shareholders.

The book building process commences immediately, and will close no later than 2 March 2022 at 08:00 CET. The book building period can be closed earlier or extended at the Manager’s own discretion. If an acquisition is to be completed, pricing and allocation will follow shortly thereafter. Allocation will be made 2 March 2022 and settlement will take place on 4 March 2022.

The Buyer reserves the right to terminate the Offer or make any amendments with regard to the volume or other terms of the Offer.

For shareholders wishing to participate in the Offer, please contact Arctic Securities AS at phone: +47 22 93 72 41 / +47 22 93 72 42 / +47 21 01 32 69.