Vend Marketplaces ASA

M&A Activity • Nov 24, 2014

Schibsted ASA (SCH) - Milanuncios.com acquisition cleared by the Spanish Competition Authority

Schibsted ASA (SCH) - Milanuncios.com acquisition cleared by the Spanish Competition Authority

Reference is made to the announcement of 30 September 2014 regarding expected

closing of the acquisition of Milanuncios.com, a Spanish online classifieds

site. The acquisition was announced 13 February 2014, and it was filed with the

Spanish Competition Authority (CNMC) on 24 April 2014.

CNMC has informed Schibsted that it has decided to clear the transaction on the

condition that SCM Spain implements a remedy to meet the concerns the CNMC had

regarding the market shares in the professional part of the motor market in

Spain.

The remedy is behavioural, and requires SCM Spain to grant a license to

Autocasión Hoy S.A, a part of Vocento Group. The license is for two years and

gives Autocasión Hoy S.A an exclusive right to commercialize the professional

car section of Milanuncios. The license fee is not substantial and the license

has a limited impact on the Schibsted synergies from the acquisition.

Schibsted expects that the closing will take place in Q4 2014.

Contact person:

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

Oslo, 24 November 2014

SCHIBSTED ASA

Jo Christian Steigedal

VP Investor Relations

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1873491]