Vend Marketplaces ASA

Share Issue/Capital Change • Nov 21, 2017

Schibsted ASA (SCHA/SCHB) - Schibsted announces offering of B-shares

Schibsted ASA (SCHA/SCHB) - Schibsted announces offering of B-shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN

AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S

REPUBLIC OF CHINA, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN

WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Schibsted ASA ("Schibsted" or "the Company") announces an offering of up to

11,880,397 B-shares, equal to 5.2% of the existing share capital of the Company

(the "Offering") or 10% of the existing outstanding B-shares.

The net proceeds from the Offering will be used to strengthen the Company's

capital base and to finance strategic acquisition activities, especially within

the Online Classifieds segment, where the Company sees opportunities to do value

accretive in-market consolidation and bolt-on acquisitions. The Company's

overall strategy remains firm: to continue to build online classifieds traffic

and brand leadership positions and to deepen the footprint in the real estate,

car and jobs verticals. The recent acquisitions of real estate portal

Habitaclia.com in Spain, Avendrealouer.fr in France as well as the purchase of

Telenor's 25% interest in the Brazilian operations olx.com are a testimony of

Schibsted's strategic leadership focus. Within Media, the ambition is to carry

on the transformation into world-class media houses based on strong editorial

products.

Schibsted has retained Arctic Securities, DNB Markets and Goldman Sachs

International as joint bookrunners in connection with the Offering (jointly the

"Managers"). As part of the Offering, Schibsted has entered into a placement

agreement with the Managers.

The Offering will consist of a private placement to institutional investors in

Norway and internationally, subject to applicable exemptions from relevant

registration, filing and prospectus requirements. The minimum application and

allocation of shares per investor in the Offering will be a NOK amount

equivalent  to EUR 100,000, provided that the Company may, at its sole

discretion, allocate an amount below EUR 100,000 to the extent applicable

exemptions from the prospectus requirement pursuant to applicable regulations,

including the Norwegian Securities Trading Act and ancillary regulations, are

available.

The subscription price will be determined through an accelerated book-building

process. The book-building period will commence immediately and is expected to

close on 21 November 2017 with settlement expected to occur on or around 24

November 2017. The Company may, however, at any time close or extend the book-

building period at its discretion and on short notice.

Schibsted has entered into a share lending agreement with its largest

shareholder, Blommenholm Industrier AS, in order to facilitate delivery of the

shares allocated in the Offering on a delivery versus payment basis. As a

result, the Offering will be settled with existing and unencumbered shares in

the Company that are already listed on the Oslo Stock Exchange. After newly

issued shares are fully paid and duly registered with the Norwegian Register of

Business Enterprises, Schibsted will redeliver these new shares to Blommenholm

Industrier AS. The new shares to be issued in connection with the Offering will

be issued pursuant to the authorisation granted to the Board of Directors of the

Company at the Annual General Meeting held on 12 May 2017. The Offering is

subject to final approval by the Company's Board of Directors.

Schibsted has agreed not to undertake a further issue or sale of B-shares or

securities convertible into such shares for a period of 90 days following

settlement of the Offering with the Managers, subject to customary exceptions.

For further information, please contact:

Trond Berger, CFO. Tel: +47 916 86 695

Oslo, 21 November 2017

Schibsted ASA

Jo Christian Steigedal

Head of Investor Relations

In any EEA Member State that has implemented Directive 2003/71/EC (such

Directive and amendments thereto, including Directive 2010/73/EU together with

any applicable implementing measures in the relevant home Member State, the

"Prospectus Directive"), this communication is only addressed to and directed at

qualified investors in that Member State within the meaning of the Prospectus

Directive.

In addition, in the United Kingdom, this announcement is not being distributed,

nor has it been approved for the purposes of Section 21 of the Financial

Services and Markets Act 2000 ("FSMA"), by a person authorised under FSMA and is

directed only at persons (i) who are persons having professional experience in

matters relating to investments who fall within the definition of "investment

professionals" in Article 19(5) of the Financial Services and Markets Act 2000

(Financial Promotion) Order 2005, as amended (the "Order"), or (ii) persons who

are high net worth entities falling within Article 49(2)(a) to (d) of the Order,

or (iii) other persons to whom it may lawfully be communicated ("relevant

persons"). Under no circumstances should persons who are not relevant persons

rely or act upon the contents of this announcement. Any investment or investment

activity to which this announcement relates in the United Kingdom is available

only to, and will be engaged only with, relevant persons.

This announcement is not an offer for sale of securities in the United States.

Securities may not be offered or sold in the United States absent registration

with the United States Securities and Exchange Commission or an exemption from

registration under the U.S. Securities Act of 1933, as amended. Schibsted ASA

does not intend to register any part of the offering in the United States or to

conduct a public offering in the United States of the shares to which this

announcement relates.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.