Vend Marketplaces ASA

Share Issue/Capital Change • Sep 9, 2015

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

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

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WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

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

10,800,361 B-shares, equal to 5% of the existing share capital of the Company

(the "Offering") or 10% of the existing B-shares outstanding. 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 equal to EUR 100,000.

The Company's overall strategy remains firm; to continue to pursue growth in

Online classifieds, develop world class digital media houses and to leverage

digital ecosystems to accelerate adjacent growth models. The Company is ramping

up its technology portfolio and capabilities in order to take out the full

synergy potential across all business areas.

The purpose of the placement is to strengthen the Company's capital base for

current and future strategic acquisitions within the Online Classifieds ("OLC")

segment. Schibsted believes that taking part in consolidation initiatives and

potential structural changes in OLC markets is highly value accretive. In order

to secure the necessary financial flexibility, Schibsted announced the creation

of a B-share class on 17 April 2015. This created a tool with which Schibsted

can access the equity market efficiently. Since the announcement of the B-share,

Schibsted has announced four new transactions in the OLC segment, including the

acquisition of Hemnet (not concluded), the acquisition of Anumex in Mexico, the

buy-out of its joint venture partner in Avito Morocco and the establishment of a

new company joining forces with Distilled Media in Ireland. The ownership share

in the native mobile app Shpock has also been increased from 82 to 91 percent.

It is Schibsted's ambition to continue to actively pursue value enhancing

transactions, particularly in existing markets, and several opportunities might

arise in the time to come. The Group' strategy is to maintain a prudent balance

sheet profile, consistently with our stated target leverage in normal

circumstances of no more than 2x EBITDA, in order to be agile and able to act on

these potential opportunities when they may arise. The proposed placement is

therefore fully consistent with the stated aim of using B-shares to support

value-accretive growth initiatives by the Company.

Schibsted has retained Skandinaviska Enskilda Banken AB (publ.) Oslo branch

("SEB") and Goldman Sachs International ("GS") 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 subscription price will be determined through an accelerated book-building

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

close on 9 September 2015 with settlement expected to occur on or around 14

September 2015. The Company may, however, at any time close or extend the book-

building period at its discretion.

Schibsted has entered into a share lending agreement with its largest

shareholder, Blommenholm Industrier, 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.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 8 May 2015. 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, 9 September 2015

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 of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1950835]