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Transaction in Own Shares • Jul 16, 2019

Schibsted ASA (SCHA/SCHB) - Buyback of own shares

Schibsted ASA (SCHA/SCHB) - Buyback of own shares

The Board of Schibsted ASA has resolved to initiate a buyback of up to 2% of

outstanding Company shares during Q3 2019.

The buybacks will be made on the basis of the resolution made by the Annual

General Meeting of Schibsted ASA 3 May 2019, which granted the Board the

authorization to buy back up to 10% of the Company's shares for a period from

the date of this Annual General Meeting and until the Annual General Meeting of

the Company in 2020.

The purpose of the buybacks is to adjust capital structure and as well to

increase the number of treasury shares available for use in connection with

settlement in the Company's share based long-term incentive schemes, as well as

the Employee Share Saving Plan, and as settlement in acquisitions.

The execution of any repurchases will depend on market conditions. The Board may

resolve to terminate the buyback program before the threshold set out above is

reached.

It will be considered whether to cancel some of the shares after purchase to

permanently adjust capital structure.

Schibsted ASA holds 256,227 treasury A-shares and 7,535 treasury B-shares as of

today.

Oslo, 16 July 2019

SCHIBSTED ASA