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Schibsted ASA (SCH) - Schibsted Media Group has accepted an offer for 20Minutos Spain from Heraldo

Schibsted Media Group divests 20Minutos Spain (online and print) to Spanish

media company Heraldo.

Heraldo, with 120 years of history, is a regional Spanish media group that owns

the largest newspaper in the Aragón region. Heraldo's main business areas are

publishing, audiovisual, press printing, logistics and technology. The Group has

a strategy of sustainable growth at the national level.

"Schibsted has been a long term supportive owner of the free newspapers

20Minutos Spain. We believe Heraldo is the best long term owner of 20Minutos and

has the competence to further develop the company. There is a strong strategic

fit to utilize 20Minutos's national footprint and global online position with

Heraldo's strong local presence. We are convinced this will contribute to

strengthen the position of 20Minutos in Spain and will ensure the growth and

consolidation of 20 Minutos in the long term as a key Spanish newspaper.

Schibsted will now open a consultation period of 15 days with the

representatives of the employees of 20Minutos to inform and hear the employees'

opinion about the acquisition and study with them how it could affect the

employment conditions. We are convinced this will contribute to strengthen the

position of 20Minutos," says Bernt Olufsen, Editor, Schibsted Media Group.

The transaction is expected to be signed and closed shortly following the end of

the consultation period. 20Minutos Spain had revenues of EUR 15 million and

EBITDA of EUR -4.2 million in 2014. The financial effects from the transaction

are immaterial to Schibsted.

Contact person:

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

Oslo, 10 May 2015

SCHIBSTED ASA

Anders Christian Rønning

Investor Relations Officer

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1927355]

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