Vend Marketplaces ASA

Schibsted ASA (SCHA/SCHB) - Adjusted reporting structure

As announced 13 February 2020, Schibsted ASA will adjust the reporting structure

effective Q1 2020.

The main change is that costs from centralized product and technology

developments and services, which have previously been reported under the

Other/Headquarters segment, will now be allocated to the operating segments.

In addition, the reporting structure for News Media has been adjusted, with a

more detailed revenue and cost split while EBITDA will be reported for the

operating segment as a whole. Digital revenues will replace Online revenues

which included an allocation of combined subscription revenues in the past.

Nordic Marketplaces will add more details on revenues while for the operating

segments Financial Services and Growth, no changes have been made.

In the attached PDF, quarterly figures from Q1 2018 to Q4 2019 are restated in

order to reflect the new reporting format. A MS Excel file of the same tables

can be downloaded at: schibsted.com/ir (https://schibsted.com/ir/)

Attached is also a presentation that gives some additional information on the

new reporting structure.

Alternative performance measures used in this release are described and

presented in the section Definitions and reconciliations in the quarterly report

for Q4 2019.

Contact person:

Jann-Boje Meinecke, Head of IR

+47 941 00 835

Oslo, 01 April 2020

SCHIBSTED ASA

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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