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M&A Activity • May 27, 2015

Schibsted ASA (SCH) - Schibsted Media Group has received an offer for its stake in 20 Minutes France from Groupe Rossel

Schibsted ASA (SCH) - Schibsted Media Group has received an offer for its stake in 20 Minutes France from Groupe Rossel

Schibsted Media Group has received an offer from the Belgian press group Rossel

to acquire Schibsted's 49.3 percent share stake in 20 Minutes France.

Schibsted is now entering a phase of exclusive negotiation. If agreement on

terms is reached, the deal is subject to a standard approval process with the

French Competition Authorities. The transaction is estimated to close around

October 2015.

"If the deal goes through we strongly believe that Rossel will be a good new

shareholder for 20 Minutes in France. Rossel is a major player in news media in

Belgium, with solid presence in France ; it shares the same publishing values as

Ouest France, 20 Minutes' other reference shareholder, and as such gives 20

Minutes a perspective of continuity. Over the last 13 years, Ouest France proved

a solid and trustworthy partner in 20 Minutes; we wish them all the best for the

future," says Pierre-Francois Marteau, Senior Vice President of Strategy at

Schibsted and former Chair of the Board at 20 Minutes France.

20 Minutes France had revenues of EUR 46.5 million and EBITDA of EUR 0.9 million

in 2014 on a 100% basis. Based on indicative terms Schibsted will register a

small accounting gain.

Contact person:

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

Oslo, 27 May 2015

SCHIBSTED ASA

Anders Christian Rønning

Investor Relations Officer

[HUG#1924108]