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Share Issue/Capital Change • May 29, 2015

Schibsted ASA (SCH) - Share split and listing of B-shares - last day inclusive today

Schibsted ASA (SCH) - Share split and listing of B-shares - last day inclusive today

Reference is made to the announcement of the Company dated 8 May 2015 regarding

the approval of a share split and introduction of B-shares and the announcement

dated 26 May 2015 that the board of directors of Oslo Børs ASA has resolved to

admit the B-shares of Schibsted ASA to listing on Oslo Børs.

The board of directors of Schibsted ASA has on this background resolved to

effectuate the general meeting's resolution to carry out a share split and

thereby create a new class of low voting B-shares. When the split becomes

effective the entitled shareholders will receive one B-share for each share they

own in Schibsted (which after the split is completed will be referred to as A-

shares). The B-shares are ordinary, fully- paid shares carrying equal rights

with the A-shares in all respects except that the B-shares are low-voting shares

with only one vote per share while the A-shares have 10 votes per share.

The first day of listing of the B-shares will, as previously announced, be 1

June 2015. The listing prospectus is dated 28 May 2015 and will be made public

before the opening of trading 1 June 2015.

Today is the last day the Schibsted shares will trade inclusive of the right to

receive B-shares.

As of 1 June 2015 the following will apply:

New face value: NOK 0.50

ISIN A-shares (no change): NO000308904

Ticker A-shares (change): SCHA (name: Schibsted ser.A)

ISIN B-shares: NO0010736879

Ticker B-shares: SCHB (name: Schibsted ser.B)

Important information: It should be noted that for technical reasons the share

split will be completed in the settlement system of VPS as a demerger.

Contact person:

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

Anders Christian Rønning, IRO. Tel: +47 916 05 660

Oslo, 29 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#1924597]