Vend Marketplaces ASA

Earnings Release • Feb 19, 2016

Schibsted ASA (SCHA/SCHB) - Interim Financial Statement Q4 2015

Schibsted ASA (SCHA/SCHB) - Interim Financial Statement Q4 2015

Today, Schibsted Media Group released its Q4 2015

report.

"Q4 2015 was a good quarter for Schibsted. The online

classifieds operations revenues and operating profit

grew well. I am particularly satisfied with the

performance in our French and Spanish operations", CEO

Rolv Erik Ryssdal says.

"During 2015 we have seen great value creation through

in-market consolidation of online classifieds.

Schibsted's ambition is to continue to pursue such

opportunities in the markets we operate. In Q4, we

were very happy to sign the agreements to acquire the

leading Swedish real estate marketplace Hemnet. We

believe this type of consolidation will contribute to

create better marketplaces for buyers and sellers",

Rolv Erik Ryssdal says.

"The development in our media houses in Norway and

Sweden is affected by big changes in consumer and

advertising markets. Despite these changes, the media

houses continue to produce great journalistic

achievements. Margin levels were stable compared to Q4

2014, but continued cost cutting is necessary going

forward", Rolv Erik Ryssdal says.

"We have gradually increased our efforts within

digital product and technology development during 2015

- and we plan to do even more in 2016. During Q4 2015

we announced a new organizational model for Schibsted.

Moving the responsibility and resources for product

and technology development to global units will enable

us to deliver great products to our customers quicker

and more efficiently. We believe this will increase

our competitive strength considerably going forward",

Rolv Erik Ryssdal says.

In Schibsted's new organizational structure, the

technology function has been strengthened. Rian

Liebenberg, EVP Chief Technology Officer says:

"We have an ambitious roadmap for further launches

during 2016, and plan to launch targeted advertising

solutions in our most important markets. This will

enable us to capture revenues in the fast growing

online ad market. The global platforms we are

developing for media houses, market places and

advertising will ensure that Schibsted can offer top

class digital services to consumers and advertisers

going forward".

Highlights of Q4 2015

(Figures in brackets refer to corresponding quarter in

2014.)

- EBITDA ex. Investment phase of NOK 617 million, a

growth of 10 percent. Online classifieds EBITDA ex.

Investment phase grew 21 percent to NOK 520 million.

- Broad-based revenue growth in Online Classifieds in

Q4. France and Spain both grew 20 percent.

- Agreement to acquire 80 percent of Hemnet signed.

The acquisition is subject to clearance by Swedish

competition authorities (KKV).

- Continued strong growth in key performance

indicators in most Investment phase markets.

- 83 percent growth in number of visits per month in

the Investment phase portfolio in Q4.

- Strong growth in active users and new approved ads

for mobile-only classifieds app Shpock in UK, Germany

and Austria.

- Leboncoin with successful push in the real estate

market. More than 70 percent of former customers of

the old cooperative real estate package signed direct

contract with Leboncoin by December 2015.

- Investments in product and technology, building a

new foundation for growth.

- Self-service advertising solution launched in

France.

- Geotargeting ads on mobile in Scandinavia.

- New mobile apps introduced in major European

markets.

- New media platform being rolled out.

- Mixed development in Media houses.

- Media House margins stable in Q4 as a result of

cost focus.

- Total circulation revenues for subscription

newspapers in Norway were flat in Q4, helped by online

growth.

- Print advertising continued to decline. Operating

expenses in Schibsted Norge Media House declined 11

percent in Q4.

- Schibsted Growth revenues top SEK 1 billion for

2015, steady growth and profit improvement for

personal finance and price comparison services.

- Dividend proposed at NOK 1.75 per share for 2015.

Q4 Q4 Full year

2014 2015 (MNOK) 2015 2014

3,874 3,947 Operating revenues 15,117 14,975

Gross operating

453 442 profit (EBITDA) 2,016 1,941

Gross operating profit

(EBITDA)

559 617 ex. Investment phase 2,527 2,444

EBITDA margin

15 % 16 % ex. Investment phase 17 % 16 %

Schibsted invites to an analyst and press conference

at Apotekergaten 10, Oslo, 19 February 2016 at 09:00

CET. The presentation will be held in English and

transmitted live as a video webcast on

www.schibsted.com/ir.

A conference call with Q&A linked to the Q4 2015

numbers will take place 19 February 2016 at 14:00 CET.

Please dial in at the following numbers:

Norway: 800 56 053

UK: 0800 279 4841

USA: 1877 280 2296

International: +44(0)20 3427 1915

Conference ID is 2485661

Contact persons:

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

Jo Christian Steigedal, Head of IR. Tel: +47 415 08 733

Oslo, 19 February 2016

SCHIBSTED ASA

Jo Christian Steigedal

Head of IR

This information is subject to the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.