Adevinta — AGM Information 2023

Jun 6, 2023

NOTICE OF THE ANNUAL GENERAL MEETING ADEVINTA ASA

Thursday 29 June 2023 at 15:00 Oslo time

The shareholders of Adevinta ASA (the "Company") are hereby given notice of the Annual General Meeting to be held on Wednesday 29 June 2023 at 15:00 Oslo time virtually through "LUMI-AGM" solution. The Board of Directors has decided that the Annual General Meeting will be opened by Lars Knem Christie, partner at Advokatfirmaet BAHR AS.

The Board of Directors has resolved that the annual general meeting will be arranged virtually and made available online via "LUMI-AGM". All shareholders will be able to participate in the meeting, vote and ask questions from smart phones, tablets, laptops or stationary computers. For further information regarding the virtual participation, please see the end of this document and the guideline made available as appendix to the notice and available on the Company's webpage.

The annual report for 2022 and other relevant documents are available on the Company's website www.adevinta.com.

Agenda:

1. Approval of the notice and agenda of the Annual General Meeting

2. Election of chairperson for the meeting

The Board of Directors proposes that Lars Knem Christie chairs the Annual General Meeting.

3. Election of a person to co-sign the minutes

The Board of Directors proposes that one person represented at the Annual General Meeting is elected to co-sign the minutes together with the chairperson of the meeting.

4. Approval of the financial statements and the Board of Directors' Report for 2022 for Adevinta ASA and the Adevinta Group

The financial statements, accompanying notes and the Board of Directors' Report are included in the annual report and available on the Company's website www.adevinta.com.

Resolution proposal:

"The General Meeting approved the financial statements and the Board of Directors' Report for 2022 for Adevinta ASA and the Adevinta Group. A group contribution of NOK 585,858,120 shall be paid to Adevinta Finance AS, a group contribution of NOK 46,546,847 shall be paid to Adevinta Ventures AS, and group contribution of NOK 24,392,441 shall be paid to Marketplaces Austria Holding AS."

5. Consideration of report for Corporate Governance

According to section 5-6 of the Norwegian Public Limited Companies Act, the Annual General Meeting shall consider the Company's account of corporate governance in compliance with section 3-3b of the Norwegian Accounting Act. The Company's report on corporate governance is included in the annual report and available on the Company's website www.adevinta.com.

6. Approval of the Board of Directors' declaration of salary and other remunerations to the senior management

The Board of Directors has prepared a declaration of salary and other remuneration to the senior management cf. the Norwegian Public Limited Companies Act section 6-16a.

The declaration is subject to the approval by the Annual General Meeting and is binding on the Board of Directors. The declaration is attached to this notice and available on the Company's website www.adevinta.com.

Resolution proposal:

"The General Meeting approved the Board of Directors' declaration of salary and other remuneration to the senior management."

7. Advisory vote on the Board of Director's remuneration report for the senior management

The Board of Directors has prepared a report on remuneration of the senior management for the accounting year 2022, cf. the Norwegian Public Limited Companies Act section 6-16b. The report contains information on how the applicable guidelines for executive remuneration were practiced by the Company and how members of the senior management were remunerated in 2022.

The report is subject to an advisory vote by the Annual General Meeting in accordance with section 5-6 fourth paragraph of the Norwegian Public Limited Companies Act. The report is attached to this notice and available on the Company's website www.adevinta.com.

Resolution proposal:

"The General Meeting endorsed the Board of Directors' remuneration report for the senior management."

8. Approval of the auditor's fee for 2022

In 2022, € 365,637.42 in fees were incurred to the Company's auditing firm Ernst & Young for audit-related services for the parent company Adevinta ASA. For 2022, the Adevinta Group incurred €1,958,392.20 in fees from Ernst & Young for audit-related services provided to the Adevinta Group as a whole and €153,358 for other services provided to the Adevinta Group as a whole.

The Board of Directors proposes the remuneration to the Company's auditor for 2022 of € 365,637.42 for the ordinary audit of the parent company Adevinta ASA to be approved.

Resolution proposal:

"The General Meeting approved the auditor's fee of € 365,637.42 for the ordinary audit of Adevinta ASA."

9. Election of members to the Board of Directors

The Company's Nomination Committee shall propose election of members of the Board of Directors that shall be voted on by the Annual General Meeting. The proposal of the Nomination Committee shall be issued at the latest at the General Meeting and will be available on the Company's website www.adevinta.com.

The shareholders are invited to vote on the Nomination Committee's proposals. The Board of Directors proposes that the shareholders approve the proposal made by the Nomination Committee.

It is acknowledged that, pursuant to the Company's Articles of Association section 6, shareholders owning more than 25% and 10% of the A shares have the right to nominate two and one member to the Board of Directors, respectively. Such members shall not be voted on by the Annual General Meeting. Currently, there are five members of the Board of Directors nominated by such shareholders, being Kristin Skogen Lund and Aleksander Rosinski as nominated by Schibsted, Julie Simpson and Mark Solomons as nominated by eBay, and Dipan Patel as nominated by Permira.

10. Approval of remuneration to the members of the Board of Directors

The General Meeting shall determine the remuneration payable to the members of the Company's Board of Directors, including any additional fees payable to directors who take part in committee work.

The Company's Nomination Committee shall propose remuneration to the members of the Board of Directors. The proposal of the Nomination Committee shall be issued at the latest at the General Meeting and will be available on the Company's website www.adevinta.com.

The shareholders are invited to vote on the Nomination Committee's proposals. The Board of Directors proposes that the shareholders approve the proposal made by the Nomination Committee.

11. Election of members to the Nomination Committee

The Company's Nomination Committee shall propose election of members of the Nomination Committee that shall be voted on by the Annual General Meeting. The proposal of the Nomination Committee shall be issued at the latest at the General Meeting and will be available on the Company's website www.adevinta.com.

The shareholders are invited to vote on the Nomination Committee's proposals. The Board of Directors proposes that the shareholders approve the proposal made by the Nomination Committee.

It is acknowledged that, pursuant to the Company's Articles of Association section 8, shareholders owning more than 25% of the A shares have the right to nominate one member to the Nomination Committee. Such members shall not be voted on by the Annual General Meeting. Currently, there are two members of the Nomination Committee nominated by such shareholders, being Andrew Kvålseth as nominated by Schibsted ASA and Karin Schwab as nominated by eBay.

12. Approval of remuneration to the members of the Nomination Committee

The General Meeting shall determine the remuneration payable to the members of the Company's Nomination Committee. The remuneration for the coming period is to be determined in advance.

The Company's Nomination Committee shall propose remuneration to the members of the Nomination Committee. The proposal of the Nomination Committee shall be issued at the latest at the General Meeting and will be available on the Company's website www.adevinta.com.

The shareholders are invited to vote on the Nomination Committee's proposals. The Board of Directors proposes that the shareholders approve the proposal made by the Nomination Committee.

13. Authorisation to the Board of Directors to increase the share capital

The Board of Directors proposes that the Annual General Meeting grants to the Board of Directors an authorisation to issue new shares in the Company. The authorisation is proposed to be limited to approx. 10% of the share capital. The Board of Directors believes it is in the Company's interest to have the flexibility to raise capital in order to ensure that the Company is equipped to participate in value accretive opportunities going forward, which in turn will allow the Company to execute on its growth strategy, for strengthening of its equity and/or to use shares as consideration in relation to acquisition of businesses. In addition to this, the Board of Directors can issue shares to employees of the Adevinta Group as part of incentive schemes.

The Board of Directors has proposed to restrict the authorisation so that the number of shares to be issued pursuant to this authorisation in the aggregate cannot exceed approx. 10% of the Company's share capital (as further detailed in the proposed resolution).

The purpose of the authorisation assumes that the shareholders' pre-emptive rights to subscribe for new shares may be deviated from, ref. the Norwegian Public Limited Liability Companies Act § 10-4.

Resolution Proposal:

"(i) The Board of Directors is authorised pursuant to the Public Limited Liability Companies Act § 10-14 (1) to increase the Company's share capital on one or more occasions by up to NOK 24,498,859 by the issue of shares in any or all share classes as may be issued at the time of the use of the authorisation.

(ii) The authority shall remain in force until the Annual General Meeting in 2024, but in no event later than 30 June 2024.

(iii) The shareholders' pre-emptive rights pursuant to § 10-4 of the Public Limited Liability Companies Act may be set aside.

(iv) The authority includes capital increases against contributions in cash and contributions other than in cash. The authority includes the right to incur special obligations for the Company, cf. § 10-2 of the Public Limited Liability Companies Act. The authority includes resolutions on mergers in accordance with § 13-5 of the Public Limited Liability Companies Act.

(v) Upon registration of this authorisation with the Norwegian Register of Business Enterprises, this authorisation replaces previously granted authorisation to increase capital."

14. Authorisation to the Board of Directors to buy back the Company's shares

The Board of Directors proposes that the Annual General Meeting resolves to grant the Board of Directors an authorisation to buy back up to approx. 10% of the Company's shares for a period from the date of this Annual General Meeting and until the Annual General Meeting of the Company in 2024, but in no event later than 30 June 2024.

Shares acquired may be used in relation to incentive schemes for employees of the Adevinta Group, as consideration in connection with acquisition of businesses and/or to improve the Company's capital structure.

Resolution proposal:

"(i) The Board of Directors is authorised pursuant to the Norwegian Public Limited Liability Companies Act to acquire and dispose of own shares in any or all share classes as may be issued at the time of the use of the authorisation in Adevinta ASA. The total nominal value of the shares acquired by the Company may not exceed NOK 24,498,859.

(ii) The authorisation is valid until the Annual General Meeting in 2024, but in no event later than 30 June 2024.

(iii) The minimum amount which can be paid for the shares is NOK 20 and the maximum amount is NOK 750.

(iv) The Board is free to decide on the acquisition method and possible subsequent sale of the shares.

(v) Shares acquired may be used in relation to incentive schemes for employees of the Adevinta Group, as consideration in connection with acquisition of businesses and/or to improve the Company's capital structure.

(vi) Upon registration of this authorisation with the Norwegian Register of Business Enterprises, this authorisation replaces previously granted authorisation to acquire the Company's shares."

15. Amendments to the Company's articles of association

Due to upcoming changes to the Public Limited Liability Companies Act which will include provisions on the deadline for prior registration of attendance to general meetings, the Company proposes to amend its Articles of Association so that there is no such deadline in the Articles of Association for prior registration of attendance to general meetings in the Company.

Resolution proposal:

"The Articles of Association § 9, sub-section two, which currently reads: "The Company may in the notice of the general meeting give a deadline for the announcement of attendance, which cannot expire earlier than 5 days prior to the general meeting.", is deleted in its entirety".

Shares in the Company and the accompanying right to vote

The Company has a share capital of NOK 244,988,596.20, divided into 1,165,686,913 class A shares (ordinary shares) and 59,256,068 class B shares (non-voting shares), in total 1,224,942,981 shares, each with a nominal value of NOK 0.20. Adevinta owns 8,028,154 treasury (class A) shares.

At the Company's general meeting, each existing issued class A share carries one vote. Shareholders of class B shares have no right to vote on the General Meeting with respect to those shares.

Each shareholder owning class A shares in the Company has the right to vote for the number of class A shares owned by the shareholder and registered in the Company's shareholder register with the Norwegian Central Securities Depository (VPS) at the time of the General Meeting. If a share acquisition has not been registered with the VPS at the time of the General Meeting, voting rights for the acquired class A shares may only be exercised if the acquisition is reported to the VPS and proven at the General Meeting.

Decisions on voting rights for shareholders and representatives are made by the person opening the meeting, whose decision may be reversed by the General Meeting by majority vote.

It is the view of the Company that neither the beneficial owner nor the nominee may exercise voting rights for class A shares which are registered on nominee accounts, cf. the Norwegian Public Limited Liability Companies Act section 4-10. However, the beneficial owner of the class A shares may exercise such voting rights if he/she proves that he/she has taken the necessary steps to terminate the nominee arrangement, and that the class A shares will be transferred to an ordinary VPS account in the name of the beneficial owner. If the beneficial owner can prove that he/she has initiated such measures, and that he/she has beneficial ownership to the class A shares, he/she may, in the opinion of the Company, exercise voting rights for the class A shares even if the shares have not yet been transferred to an ordinary VPS account.

Shareholders' rights

A shareholder may not demand that new issues be put on the agenda after the deadline for doing so has expired; see section 5-11, second sentence of the Norwegian Public Limited Liability Companies Act.

A shareholder is entitled to propose resolutions regarding the issues which the General Meeting is invited to discuss.

A shareholder may demand that, at the General Meeting, directors and the CEO provide available information on matters that may influence assessment of:

• 1. Approval of the annual financial statements and annual report;
• 1. Issues that have been submitted to the shareholders for decision;
• 1. The Company's financial position including the operations of other companies in which the Company participates and other issues which the General Meeting will discuss, unless the information requested cannot be provided without causing undue harm to the Company.

If information must be obtained, so that no answer can be given at the General Meeting, a written reply shall be prepared within two weeks after the General Meeting. This reply shall be made available to the shareholders at the Company's office and sent to all the shareholders who have requested such information. If the reply must be regarded as significantly important for assessing factors mentioned in the previous paragraph, the reply shall be sent to all the shareholders with a known address.

Participation on the General Meeting

The online remote participation is being organized by DNB Bank ASA, Registrar's Department and its supplier Lumi. By attending the online General Meeting, shareholders will be able to listen to a live audiocast of the meeting, see the presentation, submit questions relating to the items on the agenda and cast their votes in the real time. Registration is not required to participate online, but shareholders must be logged in before the meeting starts. If you are not logged in before the General Meeting starts, you will not be registered and will not be able to exercise your voting rights. Log in starts an hour before. See separate guide on how shareholders can participate electronically, cf. appendix to this notice. In order to attend the virtual General Meeting, shareholders need to access the Lumi AGM solution on: https://dnb.lumiagm.com and then enter the "Meeting ID": 169-281-882 and click "JOIN". Shareholders must identify themselves using the reference number and PIN code from VPS, see further information in the separate guide for electronical participation.

Shareholders who are unable to attend the General Meeting may authorize the Chair of the Board of Directors (and whomever she designates) or another person to vote for its shares. Proxies may be submitted electronically through VPS investor services or by completing and submitting the proxy form attached in accordance with the instructions set out in the form. The proxy must be in writing, dated and signed. Proxy forms must be received by DNB Bank ASA, Registrar's Department, no later than 28 June 2023 at 16:00 Oslo time, unless the shareholder has registered attendance within this deadline. If shareholders have registered attendance within the deadline, proxies may be presented no later than at the General Meeting. See the enclosed proxy form for further information on proxies.

Please note that proxies without voting instructions may trigger disclosure requirements under Norwegian law. Under the Norwegian Securities Trading Act section 4-2 the possession of a proxy without voting instructions is considered equal to ownership of shares or rights to shares. This means that a proxy is required to disclose the proxies if the number of shares to which they relate (together with any shares or rights to shares held by the proxy holder) reaches or exceeds the disclosure thresholds under the Norwegian Securities Trading Act section 4-2.

The financial statements, the Board of Directors' Report and the Auditor's Report for 2022, the Board of Directors' report on corporate governance, remuneration report and declaration of salary and other remuneration to the senior management, proposal of the Nomination Committee, as well as appendices to this notice including attendance and proxy forms will be available on the Company's website wwww.adevinta.com.

***

This notice will be sent to all shareholders with a known place of residence. In accordance with section 10 of the Company's Articles of Association, the documents referred to in this notice will not be sent by post to the shareholders. A shareholder may nonetheless demand to be sent such documents by post free of charge. If a shareholder wishes to have the documents sent to him, such a request can be addressed to the Company by email to ir@adevinta.com.

Shareholders may submit any inquiries regarding pre-registration and online attendance for the Annual General Meeting to DNB Bank ASA, at genf@dnb.no or tel.: (+47) 23 26 80 20.

Oslo, 6 June 2023

FOR THE BOARD OF DIRECTORS OF ADEVINTA ASA

Orla Noonan

Board Chair

Ref no: PIN-code:

Notice of Ordinary General Meeting

Ordinary General Meeting in Adevinta ASA will be held on 29 June 2023 at 15:00 Oslo time as a virtual meeting.

The shareholder is registered with the following amount of shares at summons: _______________ and vote for the number of shares registered in Euronext per Record date 28 June 2023.

The deadline for electronic registration of advance votes, proxy of and instructions is 28 June 2023 at 16:00 Oslo time.

Electronic registration

Alternatively, "Form for submission by post or e-mail for shareholders who cannot register their elections electronically".

Step 1 – Register during the enrollment/registration period:

• Either through the company's website www.adevinta.com using a reference number and PIN code (for those of you who receive the notice by post-service), or
• Log in through VPS Investor services; available at euronextvps.no or through own account keeper (bank/broker). Once logged in - choose Corporate Actions – General Meeting – ISIN

You will see your name, reference number, PIN - code and balance. At the bottom you will find these choices:

"Enroll" - There is no need for registration for online participation, enrollment is not mandatory "Advance vote" - If you would like to vote in advance of the meeting "Delegate Proxy" - Give proxy to the chair of the Board of Directors or another person "Close" - Press this if you do not wish to register

Step 2 – The general meeting day:

Online participation: Please login through https://dnb.lumiagm.com/169281882.You must identify yourself using the reference number and PIN - code from VPS - see step 1 above. Shareholders can also get their reference number and PIN code by contacting DNB Bank Registrars Department by phone +47 23 26 80 20 (08:00-am – 3:30 pm).

If you are not logged in before the meeting starts, you will be granted access, but without the right to vote.

Ref no: PIN-code:

Form for submission by post or e-mail for shareholders who cannot register their elections electronically.

The signed form can be sent as an attachment in an e-mail* to genf@dnb.no (scan this form) or by post service to DNB Bank Registrars Department, P.O Box 1600 Sentrum, 0021 Oslo. Deadline for registration of advance votes, proxies and instructions must be received no later than 28 June 2023 at 16:00 Oslo time. If the shareholder is a company, the signature must be in accordance with the company certificate.

*Will be unsecured unless the sender himself secure the e-mail.

________________________________________ shares would like to be represented at the general meeting

in Adevinta ASA as follows (mark off):

• ☐ Open proxy for the Chair of the Board of Directors and the person she authorizes (do not mark the items below)
• ☐ Proxy of attorney with instructions to the Chair of the Board of Directors and the person she authorizes (mark "For", "Against" or "Abstein" on the individual items below)
• ☐ Advance votes («For», «Against» or «Abstain» on the individual items below)
• ☐ Open proxy to (do not mark items below agree directly with your proxy solicitor if you wish to give instructions on how to vote)

(enter the proxy solicitors name in the block letters)

Note: Proxy solicitor must contact DNB Bank Registrars Department by phone +47 23 26 80 20 (08:00-am – 3:30 pm) for login details.

___________________________________________________________________

Voting must take place in accordance with the instructions below. Missing or unclear markings are considered a vote in line with the board's and the election committee's recommendations. If a proposal is put forward in addition to, or as a replacement for, the proposal in the notice, the proxy determines the voting.

Agenda for the Odinary General Meeting in Adevinta ASA on 29 June 2023		For	Against	Abstain
1.	Approval of the notice and agenda of the Annual General Meeting			
2.	Election of chairperson for the meeting			
3.	Election of a person to co-sign the minutes			
4.	Approval of the financial statements and the Board of Directors' report for 2022 for Adevinta ASA and the Adevinta Group			
5.	Consideration of report for Corporate Governance		No voting
6.	Approval of the Board of Directors' declaration of salary and other remunerations to the senior management			
7.	Advisory vote on the Board of Director's remuneration report for the senior management			
8.	Approval of the auditor's fee for 2022			
9.	Election of members to the Board of Directors			
10.	Approval of remuneration to the members of the Board of Directors			
11.	Election of members to the Nomination Committee			
12.	Approval of remuneration to the members of the Nomination Committee			
13.	Authorisation to the Board of Directors to increase the share capital			
14.	Authorisation to the Board of Directors to buy back the Company's shares			
15.	Amendments to the Company's Articles of Association			

The form must be dated and signed

GUIDE FOR ONLINE PARTICIPATION ADEVINTA ASA 29 JUNE 2023

Adevinta ASA will hold ordinary general meeting on 29 June 2023 at 15:00 Oslo time as a digital meeting, where you get the opportunity to participate online with your PC, phone or tablet. Below is a description of how to participate online.

We also point out that you also can vote in advance or give a proxy before the meeting. See the notice for further details on advance voting and how to authorize a proxy. If you vote in advance or give a proxy, you can still log on to the general meeting to follow and ask questions, but you will not have the opportunity to vote on the items.

By participating online, shareholders will receive a live webcast from the general meeting, the opportunity to ask written questions, and vote on each of the items. Secure identification of shareholders is done by using the unique reference number and PIN code assigned to each shareholder by the Norwegian Central Securities Depository (Euronext VPS) in relation to this General Meeting.

No registration is required for shareholders who want to participate online, but shareholders must be logged in before the general meeting starts. Log ins after meeting has started will receive access, but with no voting rights.

Shareholder who do not find their reference number and PIN code for access, or have other technical questions is welcome to call DNB Registrars Department on phone + 47 23 26 80 20 (between 08:00-15:30)

HOW TO ACCESS THE ONLINE GENERAL MEETING

To be able to participate online, you must go to the following website: https://dnb.lumiagm.com

either on your smartphone, tablet or PC. All major known browsers, such as Chrome, Safari, Edge, Firefox etc. are supported.

enter Meeting ID: 169-281-882 and click Join:

Alternatively put direct link in your browser https://dnb.lumiagm.com/169281882

You must then identify yourself with.

a) Ref. number from VPS for the general meeting

b) PIN code from VPS for general meeting

You can only log in on the day of the meeting, minimum one hour before the general meeting starts.

Once you have logged in, you will be taken to the information page for the general meeting. Here you will find information from the company, and how this works technically. Note that you must have internet access throughout the meeting. If you for some reason log off, just log in again following steps above.

HOW TO RECEIVE YOUR REFERENCE NUMBER AND PIN CODE

All shareholders registered in the VPS are assigned their own unique reference and PIN code for use in the General Meeting, available to each shareholder through VPS Investor Services. Access VPS Investor Services, select Corporate Actions, General Meeting. Click on the ISIN and you can see your reference number (Ref.nr.) and PIN code.

All VPS directly registered shareholders have access to investor services either via https://www.euronextvps.no or internet bank. Contact your VPS account operator if you do not have access.

Shareholders who have not selected electronic corporate messages in Investor Services will also receive their reference number and PIN code by post together with the summons from the company (on registration form).

Custodian registered shareholders: Shares held through Custodians (nominee) accounts must be transferred to a segregated VPS account registered in the name of the shareholder to have voting rights on the General Meeting. Once shares are transferred to the segregated VPS account, a reference number and PIN code are assigned to this account. Please contact your custodian for further information.

HOW TO VOTE

When items are available for voting, you can vote on all items as quickly as you wish. Items are closed for voting as the general meeting considers them. Items will be pushed to your screen. Click on the vote icon if you click away from the poll.

To vote, press your choice on each of the issues. FOR, AGAINST or ABSTAIN. Once you have cast your vote, you will see that your choice is marked. You also get a choice where you can vote jointly on all items. If you use this option, you can still override the choice on items one by one if desired.

To change your vote, click on another option. You can also choose to cancel. You can change or cancel your vote until the chair of the meeting concludes the voting on the individual items. Your last choice will be valid.

NB: Logged in shareholders who have voted in advance or given a power of attorney will not have the opportunity to vote but can follow and write messages if desired.

02-UK 9	15:54 @ 33% Poll Open
Split Voting
the chair	2. Valg av møteleder og person til å medundertegne protokollen / Election of person to chair the meeting and election of a person to co-sign the minutes together with
Select a choice to send.
For / For
Mot / Against
Avstår / Abstain
Cancel

QUESTIONS TO THE CHAIRPERSON

Questions or messages relating to the items on the agenda can be submitted by the shareholder or appointed proxy at any time during the meeting as long as chair of the meeting holds this open.

If you would like to ask a question relating to the items on the agenda, select the messaging icon.

Enter your question in the message box that says "Ask a Question". When you have finished writing your question, click on the submit button.

Questions submitted online will be moderated before going to the chair. This is to avoid repetition of questions as well as removal of inappropriate language.

All shareholders who submit questions will be identified with their full names, but not holding of shares.

Adevinta Remuneration Policy 2023

Introduction

This remuneration policy (the "Policy") was approved by the Adevinta ASA board of directors (the "Board") on 8 June 2023.

This Policy describes the different components of the Adevinta ASA ("Adevinta'' or the "Company") remuneration for its leading people, defined as the Executive Management Team ("Executives'' or the "Executive team" or "AdEx"). This Policy has been prepared with reference to the provisions in the Norwegian Public Limited Liability Companies Act (Section § 6-16 a) including ancillary regulations.

Index

Introduction	2
Principles for Determination of Salary
and Other Remuneration	4
Remuneration of Executives	5
Share Based Programs of Executives	7
Mandatory Shareholding Requirements	9

Variable Remuneration Clawback	10
Remuneration on Recruitment	10
Treatment of Pay on Termination	11
Leaver Rules, Clawback and Penalties	11
Deviations to the Remuneration Policy	12
Review, Approval and Publication	12

The Policy is designed to support the Company's business strategy and to promote long-term interests and financial sustainability. Remuneration is one of the key instruments for the Company to align its interests and those of its leading people and therefore it is important that the Policy is to be determined in an appropriate manner by competent bodies within the Company, proposed by the Board after consultation with the Remuneration Committee and with approval by the Company's shareholders.

The regulatory parameters for executive remuneration at Adevinta are governed by the Norwegian Public Limited Liability Companies Act and ancillary regulations, which requires:

1. Shareholder approval of the Policy

The Board must prepare the Policy for salary and other remuneration for the Executive team which shall be presented to and approved by shareholders in a general meeting. The Policy presented to and approved by shareholders in a general meeting upon a material amendment at least every 4 years.

2. Report to shareholders on Executives' remuneration paid

The Board must provide an annual remuneration report with an overview of the Executive team remuneration (the "Remuneration Report") and present this to shareholders for an advisory vote at the general meeting. This enables shareholders to review how the Board has implemented and adhered to the approved Policy.

There is no legal limitation on the level of remuneration that can be granted to the executive officers – either in respect of share-based compensation or otherwise – provided that it falls within the approved Policy and general corporate limits.

The Policy has previously been approved by shareholders, most recently at the Annual General Meeting in 2022.

This Policy considers the following context of Adevinta's business and the external market of talent competition:

• Adevinta is a global classifieds specialist with market-leading positions in key European markets, Canada and Brazil.
• Adevinta's business model is moving from decentralised and predominantly brand driven to a central and vertical oriented operating model which requires a review of the organisational setup, ensuring we have the right talent in place to drive the transformation of the business accordingly.
• As Adevinta's business is evolving to follow a transactional model and to strengthen further the new verticalized business approach Adevinta continues to go through significant mergers, acquisitions, demergers and business review activities. Key divestitures have been the sales of the South African, Mexican and Australian businesses in 2022 with Hungary under review for 2023.
• Competition for talent increased and faces evolving challenges given continued recent global phenomena, such as the pandemic, increased remote and hybrid working & geo political issues.

Principles for Determination of Salary and Other Remuneration

The Board shall seek to ensure that the remuneration packages of the Executive team are appropriate, well balanced, and competitive in order to attract, retain and motivate key talent which is crucial to the business.

A competitive base salary forms the basis of the remuneration package (along with benefits and pension, where applicable). Individuals may also participate in short-term and long-term incentive schemes for which payments are subject to performance, aligning and motivating participants to drive business performance and value creation for shareholders and the Adevinta group as a whole. The remuneration of executives is regularly assessed taking into account, inter alia, market positioning, the scope and responsibilities of the role and performance in the role.

The Board has adopted the following principles when approaching executive remuneration. These principles are taken into account when setting executive remuneration to ensure alignment with Adevinta's values and culture overall.

These principles apply consistently across the organisation and so the pay and employment conditions of all employees of the Adevinta group were taken into account when establishing the Policy. For example, the Adevinta Variable Incentive does not use individual performance, but instead focuses on the group's culture to win together, for the Executive team as well as all other eligible employees.

Performance Driven

Incentive arrangements are intended to be designed to drive organisational short and long-term sustainable performance, ensuring that the interests of executives are closely aligned with the interest and success of shareholders.

Highly Competitive

Reward levels are intended to be highly competitive on a total remuneration basis in order to attract and retain top talent in a diverse global marketplace.

Fair and Equitable

Remuneration structures are intended to be sensitive to talent environment(s) in a diverse global marketplace. A consistent approach will be taken to remuneration internationally to ensure fair and equitable reward decisions across all countries, levels and job families within Adevinta, albeit that local custom and practice will be considered to ensure that reward practice remains relevant in each country or (where applicable) legal entity.

Simple and Measurable

We want to ensure that rewards products and policies are understood (and appreciated) by each employee and therefore can have the maximum impact on employees' experience. They are intended to be simple to explain, to administer, simple to run as processes, intuitive in application and easily measured.

Consistent

We strive for employees and line managers to have the same employee experience across Adevinta independent of their locations or legal entities. Where rewards structures vary across geographies, policies and processes shall be aligned where possible. By "thinking global" with each product that we newly create or modify as well as co-creating at a local level with the business, we ensure that programs can be efficiently managed across all Adevinta countries but stay relevant and compliant with local legislation.

Continuously evolving

In line with Adevinta's DNA is to continuously evolve, we want to ensure that our products stay relevant to the strategic business needs and market developments of Adevinta. Products and tools need to be designed in a way that allows for continuous review and enhancement.

Digital

To cater for and enable a fast moving and agile way of working within Adevinta, we strive to digitalize all rewards products and processes. This allows all Adevintans to be informed at all times about their compensation packages autonomously and to enable line managers to make autonomous and relevant decisions aligned with the business requirements.

Remuneration of Executives

The following items comprise the remuneration of the Executive team and detail the remuneration elements and their respective purposes, the operation of managing them and the maximum opportunities for each.

1. Base Salary (Fixed Component) Purpose

The foundation of the remuneration package shall reflect the individual's role, responsibilities, skills and impact on organisational success. A competitive base salary allows us to attract, retain and motivate high-calibre executives with the skills to achieve our key targets while managing costs wisely.

Operation

Base salaries are typically reviewed annually and set in January for the management team and latest by April for the rest of the organisation each year, although the Board may undertake an out-of-cycle review if it determines this to be appropriate.

When reviewing base salaries, the Board typically takes the following into account:

• The level of skill, experience and scope of responsibilities, individual and business performance, economic climate and market conditions.
• The upper quartile market pay in the context of companies of a similar size, complexity and (where relevant) industry to Adevinta.
• Ability to competitively attract and retain top talent in each local market.
• General base salary movements across the Adevinta group.

Maximum Opportunity

When determining salary, the Board will consider the factors outlined in the above 'Operation' section as well as the so called Compensation Pay Ranges (CPRs) that have been established in 2023 going forward for Executives. This enables a solid and tangible comparison with the market and amongst the peers using the 'compensation ratio'. This ratio compares the individual with the external market or CPR but can also be used to compare individual positionings against each other.

2. Adevinta Variable Incentive (AVI) Purpose

The Executive team participates in the AVI. This is a cash-based incentive plan that is designed to drive organisational performance over a one-year period coinciding with Adevinta's financial year.

The plan is to incentivize the short-term (annual) performance of the Company by tying results to payouts for its leaders and all other eligible employees. Personal performance is not considered for the plan, in order to reflect the culture of winning together and losing together.

Operation

Payouts are based on the achievement of financial and strategic objectives which are set by the Board at the start of the financial year. The performance period is the same as the financial year.

The AVI 2023 plan has been designed as an interim plan to ease the transition towards our new operating model while working towards our long-term plan (LTP). A new AVI plan will be detailed in the Remuneration Policy 2024 in alignment with our verticalized organisation.

In the AVI 2023 plan, financial objectives make up 70% of the performance criteria for AdEx using key performance indicators of revenue and EBITDA. There is a focus to drive overall performance for the Company via group EBITDA and group revenue results.

In the AVI 2023 interim plan all employees and leaders, including the CEO and the AdEx have been attributed 35% group revenue and 35% group EBITDA. No local marketplaces performance is taken into account to foster a truly global mindset and to ensure the new verticalized cross-country/ cross-brand approach is embraced and supported by all.

These targets are set at the beginning of the year, and approved by the Board alongside the financial budget. Results are measured at the end of the year and approved by the Board.

Strategic objectives account for the other 30% of the performance criteria. These targets will consider the Group's business strategy, long-term interests and sustainability, the short-term strategic needs of a function, marketplace (only Canada and Hungary), and the interaction of targets across the AdEx. These targets can include operational measures of the business, measures on people and talent and measures on environment, social and governance initiatives.

A financial underpin is applied to the plan overall, by which the group EBITDA and group revenue need to reach a minimum threshold for any incentive to be payable to anyone eligible. This is to ensure results are achieved for the group and that individual marketplace success cannot come at the expense of the group.

Payouts and weightings are as follows:

(as % of target)	Weight	Performance	Payout
	70%	< 90%	0%
		90%	50%
Financial		100%	100%
		112.5%	150%
		> 112.5%	150%
		< 80%	0%
Strategic	30%	80 – 100%	80 – 100%
		> 100%	100%
Group Underpin		80% achievement of Adevinta EBITDA & Revenue targets.

For information on the ability of the Company to reclaim this award, see the section on Variable Remuneration Clawback.

Maximum Opportunity

The maximum payout shall be 135% against target. The target/ maximum AVI opportunity for the AdEx are as follows:

• CEO: 65% target/maximum 87.75% of salary.
• Other Executive team members: 50% target/maximum 67.5% of salary.

3. Pension

Purpose

To support the Executive team in their retirement planning and to follow local results on pension, social security and taxation. This also ensures Adevinta's executive packages remain competitive to be able to attract and retain talent to drive the long-term strategy of the business.

Operation

The Executive team may be eligible to participate in a defined contribution pension scheme or alternatively may receive cash in lieu of pension. Contributions to defined contribution schemes or cash in lieu of pension are linked to base salary only.

• In April 2022 the Chief Financial Officer started receiving a monthly cash payment in lieu for her pension scheme (equivalent to 15% of her salary) in replacement of a previous annual cash payment in lieu made in April each year.
• The cash payments and any accrued and vested pensions remain for the individuals upon termination.
• Other members of the Executive team do not currently receive pension contributions other than any applicable state pension contributions or local employees'/ executives' complementary pension plan in the applicable country. Any pension arrangements will be viewed in connection with the overall salary and employment conditions, and will be aligned with market practice in the relevant country. Local rules governing pension entitlement, social security entitlement and taxation are taken into account when designing individual pension plans.

4. Other Benefits Purpose

The Executive team shall also receive other benefits in kind in line with Adevinta's global and local practices for employees.

Operation

The Executive team is entitled to similar group insurances, supplementary healthcare and other benefits in kind offered to all employees of the same level in their jurisdiction.

Furthermore local legacy schemes for company cars or car allowances (incl. parking, fuel, maintenance) existing in Spain and France are applicable to executives in those locations and will be reviewed within the harmonisation journey.

Share Based Programs of Executives

The following items comprise the share based remuneration programs of the Executive team and detail the remuneration element and its purpose, the operation of managing it and the maximum opportunity.

The maximum number of shares vesting from Adevinta's equity-based incentive plans will not exceed 1% of the issued share capital per annum on the average over a rolling 3 year period (commensurate with the vesting term of our equity-based incentive schemes). For the avoidance of doubt, this will exclude awards which lapse where performance conditions have not been met and/or where the participants have left employment with Adevinta.

1. Long-term Incentive Plans Purpose

These annually granted share based plans are to aid in the retention of the Executives and by aligning the financial sustainability and long-term interests of participants to those of the Company and its shareholders. The plan is to motivate and incentivise participants to deliver sustained business performance over the long term. Each member of the Executive team is eligible to receive an annual grant.

Operation

Awards will be governed by a set of plan rules, approved by the Board, which shall ensure fair and consistent governance of the plans. Awards over Adevinta shares may be granted each year in the form of performance stock units (which vest subject to the achievement of performance conditions), restricted stock units (which vest subject to continued employment), or a mixture of the two.

For performance stock units the proportion of the award which vest will depend upon the achievement of performance measures. The performance measures are determined and agreed upon with the Board at the time of the grant and measured over the performance period, usually 3 years. The measures can change upon a change to this Policy and approval by shareholders. The performance measure is fully weighted on total shareholder return ("TSR") compared to a peer group as follows:

• Below median performance 0% of the award vests
• Median performance 25% of the award vests
• Between median and upper quartile performance straight line vesting between 25% and 100% of the award
• Upper quartile performance 100% of the award vests

The peer group used is the companies in the STOXX Europe 600 index with a market capitalization of half to double that of Adevinta 30 days prior to the end of the calendar year.

For restricted stock units, the awards shall usually vest in equal instalments every 6 months over a 3 year period. These plans require an employee to be in active service only at the time of the vest.

Maximum Opportunity

Under these plans a total annual award is granted that is equivalent to a percentage of their base salary at the time of granting, subject to the limits as follows:

• CEO: maximum of 300% of base salary
• Other Adevinta Executive team: maximum of 175% to 300% of base salary
• Senior employees (Adevinta Leadership Community (ALC)) : 75% to 175% of base salary

2. Adevinta Share Purchase Plan Purpose

All employees (except temporary staff and employees in joint – ventures) of the Adevinta group, including the Executive team, are eligible to participate in the share purchase plan that is intended to motivate and retain employees with the opportunity to acquire an ownership interest in Adevinta through the purchase of shares of Adevinta stock and matching shares. This aligns employee interest to the long-term interests and financial sustainability of the Company.

Operation

Shares are normally purchased quarterly on behalf of employees via a payroll deduction. The Company will match the purchased shares at the end of a two-year holding period, provided the employee is still employed by Adevinta and in ownership of the purchased shares.

Maximum Opportunity

The maximum contribution any employee may make each month is NOK 6,000 (converted into local currency) or an amount equal to 5% of gross salary, if lower.

3. Growth/Special Award Purpose

The Growth Award and Special Award grant participants an award of Adevinta shares which vest subject to continued employment and the achievement of performance conditions over a period of 3 years (2023 – 2025) to drive future performance and delivery of the business strategy.

It is a one-off award during the transformative period for the Company, which will require significant discretionary effort from executives, and as well, support executive attraction and retention in an extremely competitive talent market. These challenges are being addressed through the award where in delivering significant growth on specific strategic long-term plan financial growth targets recipients are to be rewarded with significant long-term incentive payouts.

Operation

These two long-term one-off incentive plans have been granted once to key leaders, including the Executive team members and shall vest after a period of 3 years, and be delivered in Adevinta shares. The award shall be performance based where the amount of shares that vest for each individual will depend on the determined and agreed upon targets from the Board as connected to the long-term financial plan (LTP 2025 targets) and strategy, at the time of the grant. Members have Adevinta group targets and targets for the respective verticals for the vertical leads. The underpin for the Growth Award is to be consistent with the threshold performance level for the 2023 Performance Share Plan (PSP) awards. This means that the Growth Award will not vest (regardless of EBITDA or revenue performance) if Adevinta's TSR performance does not exceed the median of the subset of the STOXX Europe 600 Index. There will be no "good leaver" provisions for this award.

The following design principles have been used:

• Full openness and transparency for all award members to each others performance measures and targets;
• Alignment towards common goals in the performance measures and targets;
• Each AdEx member must be able to influence their own award as much as possible;
• Simple and straightforward;
• Well defined measures/specific/quantitative/robustness of numbers;
• Some insulation to further changes to the executive structure in the next 3 years

The Performance Measures are:

• 50% Group EBITDA less CAPEX (all participants)
• 50% verticalized revenue growth (for vertical leaders) across the 5 core markets*
• 50% group vertical revenue growth across the 5 core markets (for functional leaders)
• Targets to be based on the long-term plan per December 2022
• The performance period will end no earlier than December 2025.

Maximum Opportunity

The maximum opportunity for these 2 one-off awards will be determined as a pool of EUR 40 million that can cover up to 16 key roles (predefined) in Growth Award and additional 9 roles in Special Award and will be granted as performance share units of the Company.

• For Growth Award: Payouts for achieving the target goals would be half the maximum amounts. Payout for achieving the threshold goals would be a quarter of the maximum amounts. No payout would be given for achievements below the threshold goals.
• For Special Award: Payouts for achieving the target goals is 100% of the target amount (corresponding to the maximum payout of the plan). Payout for achieving the threshold goals is 50% of the target amounts. No payout would be given for achievements below the threshold goals.

^*Vertical revenue growth numbers will be agreed by the board in summer 2023. For the first period of the plan the board will agree global targets applicable. On this basis the maximum of the plan will only pay out at the end of the plan.

Mandatory Shareholding Requirements

The Executive team is subject to the following shareholding requirements that are to be met within 5 years from attaining the executive position:

CEO 300% of base salary

Other executive team members

200% of base salary

Variable Remuneration Clawback

The share-based award plans include malus and clawback provisions (to the extent permitted by mandatory law) which permit Adevinta to cancel unvested shares and/or to require already transferred shares to be delivered back to the Company in the following circumstances:

• Discovery of a material misstatement resulting in an adjustment in the audited consolidated accounts or the audited accounts of any group member;
• Action or conduct of a participant which, in the reasonable opinion of the Board, amounts to employee misbehaviour, fraud or gross misconduct;
• Agreements entered into with employees under previous plans (including those which transferred to Adevinta as part of the demerger process from Schibsted) will continue.

Remuneration on Recruitment

The Board shall apply the components set out in sections 3 and 4 of this Policy to determine the remuneration of newly appointed Executives. Base salary will be set at a level appropriate to the role and the experience of the individual being appointed. Where this is below the market level, it will be adjusted over time to align with the market level, subject to good performance. The incentive provision for a new Executive team member shall be in line with sections 3 and 4 of the Policy, including an AVI and long term incentive awards. It may also be determined appropriate to honour prevailing contract commitments for an individual in the event they are promoted to an Executive team position.

In relation to appointees from outside the Adevinta group, where it is considered to be necessary to secure the appointment of the individual, the Board may authorise the grant one-off extraordinary awards, including sign-on and buyout awards as compensation for loss of benefits on resignation from a previous employer, such as loss of bonus and/or long-term share incentives. Buy-out awards

consider the value that is forfeited from the previous employer, looking to mirror it as closely as possible, considering approximate performance conditions and vesting.

Such awards will be determined by the Board and will be disclosed in the Company's annual Remuneration Report. However, in the case of an award to buyout awards forfeited from a previous employer on joining Adevinta, the value of the awards shall normally mirror the value of awards forfeited as closely as possible, taking into account any performance conditions applicable to the award.

The Board may also make appropriate relocation payments in circumstances where the individual is required to relocate for the purpose of the role. Any such payments will be determined by the Board and will be disclosed in the Company's annual Remuneration Report.

Treatment of Pay on Termination

Notice periods for Executive team members are necessary to maintain business continuity and long-term stability in the business. The following notice periods will apply:

Other executive team members 6 months notice period

Severance payments shall be determined on an individual basis at need based, taking into consideration local statutory and market requirements among other things. These arrangements shall be detailed annually in the Remuneration Report.

Leaver Rules, Clawback and Penalties

Adevinta's variable pay plans (cash and share-based awards) are governed by a set of plan rules, approved by the Board, which shall ensure fair and consistent governance of the plans. The rules include change of control and "good leaver"/"bad leaver" provisions.

• The plans shall also include malus and clawback provisions which permit Adevinta to cancel unvested shares and/or to require already transferred shares to be delivered back to the Company in the following circumstances:
• Discovery of a material misstatement resulting in an adjustment in the audited consolidated accounts or the audited accounts of any Adevinta group member;
• Action or conduct of a participant which, in the reasonable opinion of the Board, amounts to employee misbehaviour, fraud or gross misconduct;
• Agreements entered into with employees under previous plans (including those which transferred to Adevinta as part of the demerger process from Schibsted) will continue.

Deviations to the Remuneration Policy

The Board may in special, temporary circumstances deviate from all or parts of this Policy, if such deviation is deemed necessary to serve and/or safeguard the long-term interests and sustainability of the Company as a whole or assure its viability, including related to special events including divestments and acquisitions and resulting business transformations as well as for reasons concerning the competitive external talent market and remuneration practices.

Any such deviation must be discussed in the Remuneration Committee who shall provide a substantiated recommendation to the Board. Any deviation from this Policy or a change to any strategic remuneration component will be described and explained in the Remuneration Report.

Review, Approval and Publication

The Board, with support from the Remuneration Committee, is responsible for compliance with this Policy and for completing an annual review of this Policy. Accordingly, the Board must keep within the current Policy when determining salary and other remuneration to its executives, unless and until such time as a new Policy has been approved by the Adevinta shareholders.

The general meeting shall consider and approve this Policy in the event of any significant change and at least every four years. The guidelines are binding on the Company. Both the Policy and the result of the general meeting's voting shall be available on the Company's website.

Designed and produced by Invicomm invicomm.agency

Adevinta Remuneration Report 2022

Introduction

This remuneration report (the "Remuneration Report") on the Adevinta ASA ("Adevinta" or"the Company") salary and other remuneration for its Executive Management Team (the "Executive Management" or "the AdEx") is prepared pursuant to Section 6-16 b of the Norwegian Public Limited Liability Companies Act including ancillary regulations.

Index

2
4
6
13
13

Exceptions and deviations from the
Remuneration Policy and the procedure
for implementation	16
Annual Changes in Remuneration
and the Company's Results	17
Change of Policy	17
Information regarding shareholder vote	17
Other arrangements for senior executives	18
Independent Auditor's Report
on Remuneration Report	19

The purpose of the Remuneration Committee

The Remuneration Committee <> ("RemCo") has been established by the Board of Directors of Adevinta (the "Board") to assist the Board in determining the remuneration policy for the Executive Management prepared pursuant to Section 6-16 a of the Norwegian Public Limited Liability Companies Act (the "Remuneration Policy" or the "Policy") and practices of the Company, with particular emphasis on remuneration for senior management and employee share participation schemes, having regard to statutory and regulatory requirements.

The Board determines the Policy <> and, as required by statute, seeks shareholder approval for such a Policy on a periodic basis. The Policy is designed to support business strategy and promote long-term interests and sustainable success of the Company. The Policy does this by ensuring that the Company attracts and retains qualified people in governing and leadership roles to lead the Company in accordance with longterm strategies in a sustainable manner. This requires that the Company offers remuneration that is performance driven, highly competitive, fair and equitable, simple and measurable and flexible. The purpose of variable remuneration associated with the Company's financial and strategic objectives is to ensure that the remuneration scheme fosters performance that is consistent with the business strategy. The long-term and common interests of directors and shareholders are safeguarded through means that include shareholding requirements of the AdEx, the use of long-term share-based incentives that tie to Company performance and by keeping remuneration at a competitive level. The overall remuneration of the AdEx is based on an assessment of the individual's competence and personal suitability, relevant market conditions, the nature of the position and performance.

In the interest of increasing transparency around the remuneration offered to the Executive Management, the Board is committed to provide the information needed to explain how the remuneration is linked to performance and the overall strategy of Adevinta. This information will be provided annually in the Remuneration Report, covering the total Executive Management remuneration from any undertaking of the Company, which is presented to the shareholders at the Annual General Meeting and is subject to an advisory vote.

Main Activities During 2022

During the past year, the Board and RemCo have engaged themselves in a number of activities in addition to its normal tasks, including:

• Launch the Performance Share Plan (PSP) awards for 2022. The Board determined that 30% ofthe award would be granted as restricted stock units (RSU) vesting subject to continued employment to vest date. The remaining 70% ofthe award is subject to relative total shareholderreturn (TSR) performance over a 3 year period, consistent with previous years.
• Progress on the harmonisation of our equity plan eligibility and annual bonus plan targets, which started in 2021 and will continue to 2024.
• Pursue the harmonisation ofthe portfolio,focusing on the investing and divesting parts ofthe acquisitions.
• There have been significant changes in the setup ofthe Adevinta Executive Management team (AdEx):
  • Antoine Jouteau has been appointed asGlobal CEOof Adevinta starting August 15, 2022
  • Rolv Erik Ryssdal stepped down from his former global CEOrole as of August 15, 2022 remaining a Strategic advisorto the AdEx until March 2023
  • Alex Alexander has been appointed Chief Product and TechnologyOfficer(CPTO)forthe period April 19, 2022 till December 31, 2022
  • Renaud Bruyeron stepped down from his interim role as Chief Product and TechnologyOfficer as of April 18, 2022
  • Ajay Bhatia joined Adevinta as CEOof Mobile from August 1, 2022
  • Patricia Lobinger stepped down from herinterim position as CEO Mobile as of July 31, 2022
  • Gianpaolo Santorsola and Zachary Candelario left the company as ofDecember 31, 2022
  • Malte Kruger andOvidiu Solomonov respectively stepped down from their AdEx responsibilities as of June 26, 2021 andOctober 26, 2021. They were no longer part ofthe company in 2022
  • Alexandre Collinet, Paul Heimann and Roman Campa were respectively nominated to their new roles of Chief OperatingOfficer, Vertical Lead ReCommerce and Vertical Lead Real Estate & Emerging Verticals in 2022, effective as of January 1, 2023
• Furthermore the pay mix and Adevinta Avenues Levels (internal Adevinta grades ofroles) of all AdEx members have been reviewed and adjusted to:
  • Levels: All 19 or 20 (CEO21)
  • Short-term incentive: 50% of base salary, applicable to all AdEx members from November 1, 2022
  • Long-term incentive: 240% of base salary for all

The next Remuneration Policy update is planned for 2023 to be voted on at the Annual General Meeting in June 2023.

Total Remuneration of our Executive Management

The remuneration paid to members of Executive Management consists of a fixed and a variable part in addition to non-monetary benefits. The fixed remuneration consists of a base salary, pension contribution and other benefits. The variable remuneration consists of short-term variable pay (the Adevinta Variable Incentive, an annual cash bonus) and share-based pay (the Performance Share Plan (PSP). Executive remuneration decisions

are determined based on external benchmark data of relevant international peers and are reviewed by the RemCo and approved by the Board annually.

For further details, reference is made to the Policy which sets out the principles for remuneration of the Executive Management.

Remuneration of Members of the Executive Management in 2022 and 2021 (in EUR x 1,000)

The following table reflects the information for the active members of the Executive Management in 2022. None of the Executive Management was an employee representative during the reported period.

			Fixed remuneration		Variable remuneration
Member name and position	Year	Base salary	Pension expense	Other benefits(1)	Short-term Variable Pay(2)	Share-based Pay(3)	Extraordinary items(4)	Total
Antoine Jouteau,	2022	499	8	37	309	554	–	1,407
CEO(5)	2021	355	8	42	505	437	–	1,347
Rolv Erik Ryssdal,	2022	508	1549	20	258	583	–	2,918
(former) CEO(6)(7)	2021	523	347	26	1,048	689	–	2,633
Uvashni Raman,	2022	580	65	4	286	749	–	1,684
CFO	2021	462	–	3	743	528	–	1,736
Nicki Dexter,	2022	290	15	4	129	301	–	739
Chief People and Communications Officer(7)	2021	294	12	4	333	202	–	845
Ajay Bhatia, CEO Mobile.de(8)	2022	208	3	310	112	1,699	–	2,332
Alex Alexander, CPTO(9)	2022	294	–	137	149		–	580
Gianpaolo Santorsola,	2022	420	33	31	206	777	–	1,467
EVP European Markets(10)	2021	367	–	61	457	447	–	1,332
Zachary Candelario,	2022	397	–	19	575	673	–	1,664
EVP International Markets(11)	2021	200	–	249	82	404	–	935
Renaud Bruyeron,	2022	72	–	4	207	76	–	359
(former) Chief Product and Technology Officer(12)	2021	240	–	11	456	167	–	874
Patricia Lobinger,	2022	119	5	5	97	31	–	257
(former) CEO Mobile.de(13)	2021	32	1	0	21	53	–	107
Total	2022	3,387	1,678	571	2,328	5,443	0	13,385
	2021	2,473	368	396	3,645	2,927	0	9,809

(1) Other benefits relate mainly to car and lunch allowances, private insurance allowance and relocation costs.

(2) Short-term Variable Pay is the accrued and paid amounts for 2022 (and not exceeding one year) including annual cash bonus from the Adevinta Variable Incentive plan and profit sharing equivalent amount cash payment for Antoine Jouteau for 2022.

(3) Shared-Based payment is the accrued amounts related to 2022 (the amounts do not necessarily reflect actual shares transferred or cash payments) for the Adevinta Transition Awards, PSP 2020, 2021 and 2022, LEP, Integration and Merger Awards. For further guidelines and details on costs, valuation and more see note 10 of the Annual Report 2022.

(4) No extraordinary items were paid in 2022. (5) Antoine Jouteau remuneration as CEO France is from January 1, 2022 to August 14, 2022.

Antoine has been appointed as Global CEO of Adevinta from August 15, 2022. His corresponding remuneration reflected in the table is covering the whole year. Short-term variable pay is higher in 2021 as retention bonus was included in 2021 numbers. No retention bonus has been paid in 2022.

(6) Rolv Erik Ryssdal remuneration is from January 1, 2022 to August 14, 2022. Base salary has gone down only due to the EUR/ NOK fx rate impact between 2021 and 2022. Short-term variable pay is higher in 2021 as retention bonus was included in 2021 numbers.

(7) Some of the members receive salaries in currencies other than EUR. Average annual exchange rates are used to translate the numbers in the table above in EUR. Short-term variable pay is higher in 2021 as retention bonus was included in 2021 numbers. The local currency exchange rate against euro also explains a decrease in the base salary amounts in some cases.

(8) Ajay Bhatia remuneration is from August 1, 2022 to December 31, 2022. His share-based pay includes a sign-on bonus corresponding to the buyout of his previous equity.

(9) Alex Alexander remuneration is from April 19, 2022 to December 31, 2022.

(10) Gianpaolo Santorsola receives a cash payment equal to 8% of his salary in lieu of pension.

(11) Zachary Candelario 2021 remuneration is from June 26 to December 31. (12) Renaud Bruyeron remuneration is from January 1, 2022 to April 18, 2022.

(13) Patricia Lobinger remuneration is from January 1 to July 31, 2022. 2021 remuneration is from October 26 to December 31.

Pay Mix of Members of the Executive Management in 2022 and 2021 Fixed Variable

Share-Based Remuneration of our Executive Management

The Company grants awards that are related to shares and the development of the share price. The following information gives an overview of share-based awards over the year. This information shows how these awards relate to the Company's long-term financial performance of the Company, as well as how the share-based remuneration is set-up and awarded.

The annually granted share based plans aid in the attraction and retention of the Executive Management and support the long-term

Shares held by Executive Management

Overview of shares held by the Executive Management The table below shows a reconciliation of the unvested share awards of Adevinta held by the Executive Management as of December 31, 2022.

financial performance and sustainability of the Company and its shareholders to the incentives and therefore interests of the Executive Management. The plans motivate and incentivise the participants to deliver sustained business performance. Each member of the Executive Management is eligible to receive an annual grant. For information on each award including the set up, settlement of rights, vesting periods, other conditions and cost see Note 10 of the Annual Report 2022.

	Main terms and conditions of share award plans				Opening Balance		During the Year			Closing Balance
Specification of plan	Performance period	Award date	Vesting date	End of holding period	Shares at the beginning of the year	Shares awarded	Shares vested	Shares lapsed	Shares subject to a Performance Condition	Shares awarded and unvested at year end	Share subject to a holding period
Antoine Jouteau, CEO
PSP 2019	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2021 31 Dec.	2021	54,813	0	40,013	14,800	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2022 31 Dec.	2022	27,407	0	20,007	7,400	0	0	0
	11 Apr. 2019 to 31 Dec. 2021	11 Apr. 2019	31 Dec. 2023 31 Dec.	2023	27,406	0	0	7,400	0	20,006	0
PSP 2020	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	45,588	0	22,794	22,794	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	22,793	0	0	22,793	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	22 ,794	0	0	22,794	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	52,151	0	0	52,151	52,151	52,151
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2024 31 Dec.	2026	0	65,875	0	0	65,875	65,875	65,875
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	17,384	0	0	0	17,384	17,384
EMA 2022	n.a.	1 Jan. 2022	30 Dec. 2024 31 Dec.	2026	0	28,233	0	0	0	28,233	28,233

	Main terms and conditions of share award plans	Opening Balance		During the Year			Closing Balance
Specification of plan	Performance period	Award date	Vesting date	End of holding period	Shares at the beginning of the year	Shares awarded	Shares vested	Shares lapsed	Shares subject to a Performance Condition	Shares awarded and unvested at year end	Share subject to a holding period
	Rolv Erik Ryssdal, (former) CEO
PSP 2019	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2021 31 Dec.	2021	80,024	0	58,418	21,606	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2022 31 Dec.	2022	40,011	0	29,208	10,803	0	0	0
	11 Apr. 2019 to 31 Dec. 2021	11 Apr. 2019	31 Dec. 2023 31 Dec.	2023	40,012	0	0	10,803	0	29,209	0
PSP 2020	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	64,014	0	32,007	32,007	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	32,007	0	0	32,007	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	32,007	0	0	32,007	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	98,383	0	0	98,383	98,,383	98,383
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2024 31 Dec.	2026	0	126,409	0	0	126,409	126,409	126,409
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	32,795	0	0	0	32,795	32,795
EMA 2022	n.a.	1 Jan. 2022	30 Dec. 2024 31 Dec.	2026	0	54,176	0	0	0	54,176	54,176
ASPP	n.a.		13 Feb. 2020 13 Feb. 2022 n.a.		154	0	154	0	0	0	0
	n.a.	4 May. 2020	4 May. 2022	n.a.	95	0	95	0	0	0	0
	n.a.	6 Aug. 2020	6 Aug. 2022	n.a.	54	0	54	0	0	0	0
	n.a.		29 Oct. 2020 29 Oct. 2022 n.a.		58	0	58	0	0	0	0
	n.a.	3 Mar. 2021	3 Mar. 2023	n.a.	0	65	0	0	0	65	0
	n.a.		31 Mar. 2021 31 Mar. 2023 n.a.		0	63	0	0	0	63	0
	n.a.		30 Jun. 2021 30 Jun. 2023 n.a.		0	48	0	0	0	48	0
	n.a.		30 Sep. 2021 30 Sep. 2023 n.a.		0	60	0	0	0	60	0
	n.a.		31 Dec. 2021 31 Dec. 2023 n.a.		0	87	0	0	0	87	0
	n.a.		31 Mar. 2022 31 Mar. 2024 n.a.		0	123	0	0	0	123	0
	n.a.		30 Jun. 2022 30 Jun. 2024 n.a.		0	143	0	0	0	143	0
	n.a.		30 Sep. 2022 30 Sep. 2024 n.a.		0	126	0	0	0	126	0
	n.a.		31 Dec. 2022 31 Dec. 2024 n.a.		0	104	0	0	0	104	0

	Main terms and conditions of share award plans	Opening Balance		During the Year			Closing Balance
Specification of plan	Performance period	Award date	Vesting date	End of holding period	Shares at the beginning of the year	Shares awarded	Shares vested	Shares lapsed	Shares subject to a Performance Condition	Shares awarded and unvested at year end	Share subject to a holding period
Uvashni Raman, CFO
PSP 2019	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2021 31 Dec.	2021	59,030	0	43,092	15,938	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2022 31 Dec.	2022	29,514	0	21,545	7,969	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2023 31 Dec.	2023	29,515	0	0	7,969	0	21,546	0
PSP 2020	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	49,094	0	24,547	24,547	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	24,547	0	0	24,547	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	24,547	0	0	24,547	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	78,930	0	0	78,930	78,930	78,930
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2024 31 Dec.	2026	0	103,264	0	0	103,264	103,264	103,264
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	26,311	0	0	0	26,311	26,311
EMA 2022	n.a.	1 Jan. 2022	30 Dec. 2024 31 Dec.	2026	0	44,247	0	0	0	44,247	44,247
ASPP	n.a.		13 Feb. 2020 13 Feb. 2022 n.a.		244	0	244	0	0	0	0
	n.a.	4 May. 2020	4 May. 2022	n.a.	168	0	168	0	0	0	0
	n.a.	6 Aug. 2020	6 Aug. 2022	n.a.	92	0	92	0	0	0	0
	n.a.		29 Oct. 2020 29 Oct. 2022 n.a.		99	0	99	0	0	0	0
	n.a.	3 Mar. 2021	3 Mar. 2023	n.a.	86	0	0	0	0	86	0
	n.a.		31 Mar. 2021 31 Mar. 2023 n.a.		99	0	0	0	0	99	0
	n.a.		30 Jun. 2021 30 Jun. 2023 n.a.		77	0	0	0	0	77	0
	n.a.		30 Sep. 2021 30 Sep. 2023 n.a.		85	0	0	0	0	85	0
	n.a.		31 Dec. 2021 31 Dec. 2023 n.a.		98	0	0	0	0	98	0
	n.a.		31 Mar. 2022 31 Mar. 2024 n.a.		0	166	0	0	0	166	0
	n.a.		30 Jun. 2022 30 Jun. 2024 n.a.		0	161	0	0	0	161	0
	n.a.		30 Sep. 2022 30 Sep. 2024 n.a.		0	143	0	0	0	143	0
	n.a.		31 Dec. 2022 31 Dec. 2024 n.a.		0	122	0	0	0	122	0

	Main terms and conditions of share award plans				Opening Balance		During the Year	Closing Balance
Specification of plan	Performance period	Award date	Vesting date	End of holding period	Shares at the beginning of the year	Shares awarded	Shares vested	Shares lapsed	Shares subject to a Performance Condition	Shares awarded and unvested at year end	Share subject to a holding period
	Nicki Dexter, Chief People and Communications Officer
PSP 2019	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2021 31 Dec.	2021	20,687	0	15,102	5,585	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2022 31 Dec.	2022	10,343	0	7,550	2,793	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2023 31 Dec.	2023	10,343	0	0	2,793	0	7,550	0
PSP 2020	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	19,615	0	9,807	9,808	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	9,808	0	0	9,808	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	9,807	0	0	9,807	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	32,169	0	0	32,169	32,169	32,169
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2024 31 Dec.	2026	0	43,583	0	0	43,583	43,583	43,583
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	10,723	0	0	0	10,723	10,723
EMA 2022	n.a.	1 Jan. 2022	30 Dec. 2024 31 Dec.	2026	0	18,679	0	0	0	18,679	18,679
ASPP	n.a.		13 Feb. 2020 13 Feb. 2022 n.a.		184	0	184	0	0	0	0
	n.a.	4 May. 2020	4 May. 2022	n.a.	135	0	135	0	0	0	0
	n.a.	6 Aug. 2020	6 Aug. 2022	n.a.	73	0	73	0	0	0	0
	n.a.		29 Oct. 2020 29 Oct. 2022 n.a.		79	0	79	0	0	0	0
	n.a.	3 Mar. 2021	3 Mar. 2023	n.a.	87	0	0	0	0	87	0
	n.a.		31 Mar. 2021 31 Mar. 2023 n.a.		83	0	0	0	0	83	0
	n.a.		30 Jun. 2021 30 Jun. 2023 n.a.		65	0	0	0	0	65	0
	n.a.		30 Sep. 2021 30 Sep. 2023 n.a.		98	0	0	0	0	98	0
	n.a.		31 Dec. 2021 31 Dec. 2023 n.a.		142	0	0	0	0	142	0
	n.a.		31 Mar. 2022 31 Mar. 2024 n.a.		0	194	0	0	0	194	0
	n.a.		30 Jun. 2022 30 Jun. 2024 n.a.		0	240	0	0	0	240	0
	n.a.		30 Sep. 2022 30 Sep. 2024 n.a.		0	207	0	0	0	207	0
	n.a.		31 Dec. 2022 31 Dec. 2024 n.a.		0	91	0	0	0	91	0

			Information regarding reported fiscal year
		Main terms and conditions of share award plans			Opening Balance		During the Year Closing Balance
Specification of plan	Performance period	Award date	Vesting date	End of holding period	Shares at the beginning of the year	Shares awarded	Shares vested	Shares lapsed	Shares subject to a Performance Condition	Shares awarded and unvested at year end	Share subject to a holding period
	Renaud Bruyeron, (former) Chief Product and Technology Officer
PSP 2019	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2021 31 Dec.	2021	18,201	0	13,287	4,914	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2022 31 Dec.	2022	9,100	0	6,643	2,457	0	0	0
	11 Apr. 2019 to 31 Dec. 2021	11 Apr. 2019	31 Dec. 2023 31 Dec.	2023	9,100	0	0	2,457	0	6,643	0
PSP 2020	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	19,253	0	9,626	9,627	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2023 31 Dec.	2022	9,626	0	0	9,626	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2024 31 Dec.	2022	9,626	0	0	9,626	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2023 31 Dec.	2023	0	22,551	0	0	22,551	22,551	22,551
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2024 31 Dec.	2024	0	20,348	0	0	20,348	20,348	20,348
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2023 31 Dec.	2023	0	7,518	0	0	0	7,518	7,518
EMA 2022	n.a.	1 Jan. 2022	30 Dec. 2024 31 Dec.	2024	0	20,348	0	0	0	20,348	20,348
ASPP	n.a.	13 Feb. 2020	13 Feb. 2022 n.a.		244	0	244	0	0	0	0
	n.a.	4 May. 2020	4 May. 2022	n.a.	168	0	168	0	0	0	0
	n.a.	6 Aug. 2020	6 Aug. 2022	n.a.	91	0	91	0	0	0	0
	n.a.	29 Oct. 2020	29 Oct. 2022 n.a.		100	0	100	0	0	0	0
	n.a.	3 Mar. 2021	3 Mar. 2023	n.a.	105	0	0	0	0	105	0
	n.a.	31 Mar. 2021	31 Mar. 2023 n.a.		99	0	0	0	0	99	0
	n.a.	30 Jun. 2021	30 Jun. 2023 n.a.		77	0	0	0	0	77	0
	n.a.	30 Sep. 2021 30 Sep.	2023	n.a.	94	0	0	0	0	94	0
	n.a.	31 Dec. 2021 31 Dec.	2023	n.a.	98	0	0	0	0	98	0
	n.a.	31 Mar. 2022 31 Mar.	2024	n.a.	0	185	0	0	0	185	0
	n.a.	30 Jun. 2022 30 Jun.	2024	n.a.	0	231	0	0	0	231	0
	n.a.	30 Sep. 2022 30 Sep.	2024	n.a.	0	206	0	0	0	206	0
	n.a.	31 Dec. 2022 31 Dec.	2024	n.a.	0	140	0	0	0	140	0

				Opening
	Main terms and conditions of share award plans				Balance		During the Year		Shares	Closing Balance Shares	Share
Specification of plan	Performance period	Award date	Vesting date	End of holding period	Shares at the beginning of the year	Shares awarded	Shares vested	Shares lapsed	subject to a Performance Condition	awarded and unvested at year end	subject to a holding period
	Gianpaolo Santorsola, EVP European Markets Gianpaolo Santorsola, EVP European Markets
PSP 2019	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2021 31 Dec.	2021	54,813	0	40,013	14,800	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2022 31 Dec.	2022	27,407	0	20,007	7,400	0	0	0
	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2023 31 Dec.	2023	27,406	0	0	7,400	0	20,006	0
PSP 2020	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	45,588	0	22,793	22,795	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	22,793	0	0	22,793	0	0	0
	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 31 Dec.	2022	22,794	0	0	22,794	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	56,379	0	0	18,827	37,552	37,552	37,552
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2024 31 Dec.	2026	73,353	0	0	48,947	24,406	24,406	24,406
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	18,793	0	0	10,410	0	8,383	8,383
EMA 2022	n.a.	1 Jan. 2022	30 Dec. 2024 31 Dec.	2026	31,438	0	0	27,913	0	3,525	3,525
ASPP	n.a.	13 Feb. 2020	13 Feb. 2022 n.a.		186	0	186	0	0	0	0
	n.a.	4 May. 2020	4 May. 2022	n.a.	126	0	126	0	0	0	0
	n.a.	6 Aug. 2020	6 Aug. 2022	n.a.	70	0	70	0	0	0	0
	n.a.	29 Oct. 2020	29 Oct. 2022 n.a.		75	0	75	0	0	0	0
	n.a.	3 Mar. 2021	3 Mar. 2023	n.a.	78	0	0	0	0	78	0
	n.a.	31 Mar. 2021	31 Mar. 2023 n.a.		75	0	0	0	0	75	0
	n.a.	30 Jun. 2021	30 Jun. 2023 n.a.		57	0	0	0	0	57	0
	n.a.	30 Sep. 2021 30 Sep.	2023	n.a.	69	0	0	0	0	69	0
	n.a.	31 Dec. 2021 31 Dec.	2023	n.a.	98	0	0	0	0	98	0
	n.a.	31 Mar. 2022 31 Mar.	2024	n.a.	0	133	0	0	0	133	0
	n.a.	30 Jun. 2022 30 Jun.	2024	n.a.	0	168	0	0	0	168	0
	n.a.	30 Sep. 2022 30 Sep.	2024	n.a.	0	150	0	0	0	150	0

					Information regarding reported fiscal year
		Main terms and conditions of share award plans		Opening Balance During the Year			Closing Balance
Specification of plan	Performance period	Award date	Vesting date	End of holding period	Shares at the beginning of the year	Shares awarded	Shares vested	Shares lapsed	Shares subject to a Performance Condition	Shares awarded and unvested at year end	Share subject to a holding period
	Alexandre Collinet, COO
PSP 2019	10 Apr. 2019 to 31 Dec. 2021	10 Apr. 2019	31 Dec. 2021 n.a.		30,217	0	22,058	8,159	0	0	0
PSP 2020	1 Jan. 2020 to 31 Dec. 2022	1 Jan. 2020	31 Dec. 2022 n.a.		25,957	0	6,489	19,468	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2023 n.a.		0	23,491	0	0	23,491	23,491	23,491
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2024 n.a.		0	21,195	0	0	21,195	21,195	21,195
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2023 31 Dec.	2025	0	7,831	0	0	0	7,831	7,831
EMA 2022	n.a.	1 Jan. 2022	30 Dec. 2024 31 Dec.	2026	0	21,196	0	0	0	21,196	21,196
	Ajay Bhatia, CEO Mobile.de
Spot Awards 2022	n.a.	1 Aug. 2022	1 Aug. 2022	n.a.	0	0	130,233	0	0	0	0
	n.a.	1 Aug. 2022	1 Aug. 2023	n.a.	0	130,233	0	0	0	130,233	130,233
	n.a.	1 Aug. 2022	1 Aug. 2024	n.a.	0	130,233	0	0	0	130,233	130,233
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Aug. 2022	31 Dec. 2024 31 Dec.	2026	0	15,455	0	0	15,455	15,455	15,455
PSP New joiner 2022	n.a.	1 Aug. 2022	1 Aug. 2023	n.a.	0	6,624	0	0	0	6,624	0
	Zachary Candelario, EVP International Markets
ELEP	25 Jun. 2021 - 31 Mar. 2022	25 Jun. 2021	31 Mar. 2022 n.a.		0	22,578	5,645	16,933	0	0	0
	25 Jun. 2021 - 31 Mar. 2023	25 Jun. 2021 31 Dec.	2022	n.a.	0	34,458	7,396	27,062	0	0	0
	25 Jun. 2021 - 31 Mar. 2024	25 Jun. 2021 31 Dec.	2022	n.a.	0	19,207	2,401	16,806	0	0	0
	25 Jun. 2021 - 31 Mar. 2025	25 Jun. 2021 31 Dec.	2022	n.a.	0	3,830	0	3,830	0	0	0
PSP 2021	1 Jan. 2021 to 31 Dec. 2023	1 Jan. 2021	31 Dec. 2022	n.a.	0	43,172	0	43,172	0	0	0
PSP 2022	1 Jan. 2022 to 31 Dec. 2024	1 Jan. 2022	31 Dec. 2022	n.a.	0	58,916	0	58,916	0	0	0
EMA 2021	n.a.	1 Jan. 2021	31 Dec. 2022	n.a.	0	14,391	9,594	4,797	0	0	0
EMA 2022	n.a.	1 Jan. 2022	31 Dec. 2022	n.a.	0	25,250	8,416	16,834	0	0	0

The Company's right to reclaim variable remuneration (clawback)

The share-based award plans include malus and clawback provisions (to the extent permitted by mandatory law) which permit Adevinta to cancel unvested shares and/or to require already transferred shares to be delivered back to the Company, including in the following circumstances:

• Discovery of a material misstatementresulting in an adjustment in the audited consolidated accounts orthe audited accounts of any Adevinta group member;
• Action or conduct of a participant which, in the reasonable opinion ofthe Board, amounts to employee misbehaviour, fraud or gross misconduct;
• Agreements entered into with employees under previous plans (including those which were transferred to Adevinta as part ofthe demerger process from Schibsted) will continue.

No clawback provisions have been enacted for the Executive Management during the year.

Information on the remuneration guidelines and how performance criteria were used

The information describes how incentives were delivered to the Executive Management in 2022 and how they were determined versus performance.

AVI 2022 Performance Goal Information

The Executive Management participate in the AVI cash-based incentive plan, designed to drive performance over a one-year period coinciding with Adevinta's financial year. Payouts are based on the achievement of financial, strategic and operational objectives which are set by the Board at the start of the financial year. The performance period is the same as the financial year. Personal performance is not considered for the plan, in order to reflect the culture of winning together and losing together.

AVI payouts are determined by:

Financial underpin

A threshold of 80% of budget Group EBITDA and Group revenue is applied, where a minimum performance is needed for any incentive to be payable to anyone eligible to ensure results are achieved for the group and that individual marketplace success cannot come at the expense of the group.

Financial objectives

70% is weighted to the key performance indicators of revenue and EBITDA. There is a focus to drive overall performance for the Company via group EBITDA results and to drive local performance via local marketplace revenue results. For leaders of global functions, including the CEO and the AdEx for Product and Technology, Finance and Legal and People and Communications, 35% is attributable to group revenue and 35% to group EBITDA. For all AdEx for marketplaces, including France, mobile, European

and International, 35% is attributable to local marketplace revenue and 35% to group EBITDA. These targets are set at the beginning of the year, and approved by the Board alongside the financial budget. Results are measured at the end of the year and approved by the Board.

Strategic and operational objectives

30% is weighted to targets for Group business strategy, long-term interests and synergy related for the short-term strategic needs of a function or marketplace, and the interaction of targets across the AdEx. These targets can include operational measures of the business, measures on people and talent and measures on environment, social and governance initiatives.

Payouts and weightings are as follows:

(as % of target)	Weight	Performance	Payout
		< 90%	0%
		50%
Financial	70%	100%	100% 150% 150% 0% 80 – 100% 100%
		112.5%	90% < 80% 80% achievement of Adevinta EBITDA & Revenue targets.
		> 112.5%
Strategic	30%	80 – 100%
		> 100%
Group Underpin

AVI 2022 Payouts for AdEx

Leading Persons' Performance in the Reported Fiscal Year

				Performance Outcome
				Actual performance
Name of leading person, position	Description of performance criteria and type of applicable remuneration	Bonus Target	Relative weighting	a) % goal	b) payout %	Total Award %	Perf. Factor	Bonus Awarded	Bonus Amount (EUR)
Antoine Jouteau,	Group EBITDA		35%	101.7%	106.7%	37.3%
CEO(1)	Group Revenue		35%	99.0%	95.1%	33.3%
	P&T Target Operating Model Goals		5%	100.0%	70.0%	3.5%
	Adevinta Global Synergy Goals	65%	10%	100.0%	100.0%	10.0%	99.1%	64.4%	170,908
	Adevinta Strategic Operational Goals		15%	100.0%	100.0%	15.0%
Antoine Jouteau,	Group EBITDA		35%	101.7%	106.7%	37.3%
(former) CEO Adevinta France(1)	France Marketplace Revenue		35%	98.9%	94.5%	33.1%		49.5%
	P&T Target Operating Model Goals		5%	70.0%	70.0%	3.5%
	Adevinta Global Synergy Goals	50%	10%	100.0%	100.0%	10.0%	98.9%		113,615
	France Marketplace Operational Goals		15%	100.0%	100.0%	15.0%
Rolv Erik Ryssdal,	Group EBITDA		35%	101.7%	106.7%	37.3%
(former) CEO	Group Revenue		35%	99.0%	95.1%	33.3%
	P&T Target Operating Model Goals		10%	70.0%	70.0%	7.0%	97.6%
	Adevinta Global Synergy Goals	65%	10%	100.0%	100.0%	10.0%		63.5%	258,151
	Adevinta Strategic Operational Goals		10%	100.0%	100.0%	10.0%
Uvashni Raman,	Group EBITDA		35%	101.7%	106.7%	37.3%
CFO	Group Revenue		35%	99.0%	95.1%	33.3%			285,940
	P&T Target Operating Model Goals		5%	70.0%	70.0%	3.5%
	Adevinta Global Synergy Goals	50%	10%	100.0%	100.0%	10.0%	98.6%	49.3%
	Finance & Legal Strategic Operational Goals		15%	96.7%	97.0%
Nicki Dexter,	Group EBITDA		35%	101.7%	106.7%	37.3%
Chief People and Communications Officer	Group Revenue		35%	99.0%	95.1%	33.3%			129,290
	P&T Target Operating Model Goals	45% 10 mo.	5%	70.0%	70.0%	3.5%	98.7%	45.2%
	Group Synergy Goals	/ 50% 2 mo.	10%	100.0%	100.0%	10.0%
	People & Communications Strategic Operational Goals		15%	97.0%	97.0%
Ajay Bhatia,	Group EBITDA		35%	119.4%	106.7%	37.3%
CEO Mobile.de	Marketplace Revenue		35%	104.9%	119.7%	41.9%
	P&T Target Operating Model Goals	50%	5%	70.0%	70.0%	3.5%	107.4%	53.7%	111,854
	Adevinta Global Synergy Goals		10%	100.0%	100.0%	10.0%
	Marketplace Strategic Operational Goals		15%	97.8%	98%	14.7%

						Performance Outcome
				Actual performance
Name of leading person, position	Description of performance criteria and type of applicable remuneration	Bonus Target	Relative weighting	a) % goal	b) payout %	Total Award %	Perf. Factor	Bonus Awarded	Bonus Amount (EUR)
Alex Alexander,	Group EBITDA		35%	101.7%	106.7%	37.3%		49.6%
CPTO(2)	Group Revenue		35%	99.0%	95.1%	33.3%
	P&T Target Operating Model Goals	50%	5%	70.0%	70.0%	3.5%	99.1%		148,750
	Group Synergy Goals		8.3%	100.0%	100.0%	8.3%
	Successful TSA Exits		8.3%	100.0%	100.0%	8.3%
	Integration budget		8.3%	100.0%	100.0%	8.3%
Gianpaolo Santorsola,	Group EBITDA		35%	101.7%	106.7%	37.3%		45.8%
EVP European Markets(3)	European Marketplace Revenue		35%	99.0%	95.1%	33.3%	91.6%
	P&T Target Operating Model Goals	50%	5%	70.0%	70%	3.5%			206,000
	Group Synergy Goals		10.0%	100%	100%	10.0%
	Transactions		7.5%	0%	0%	0.0%
	European Marketplace Strategic Operational Goals		7.5%	100%	100%	7.5%
Zachary Candelario,	Group EBITDA		35%	101.7%	106.7%	37.3%	95.4%	47.7%	178,495
EVP International Markets(4)	International Marketplace Revenue		35%	99.0%	95.1%	33.3%
	P&T Target Operating Model Goals	50%	5%	70.0%	70%	3.5%
	Group Synergy Goals		10%	100%	100%	10.0%
	International Marketplace Operational Goals		15%	75%	75%	11.3%
Renaud Bruyeron,	Group EBITDA		35%	101.7%	106.7%	37.3%
(former) Chief Product and Technology Officer	Group Revenue		35%	99.0%	95.1%	33.3%
	P&T Target Operating Model Goals	40%	5%	70.0%	70.0%	3.5%	95.6%	38.2%	27,144
	Group Synergy Goals		10%	100.0%	100.0%	10.0%
	Product & Technology Strategic Operational Goals		15%	76.0%	76.0%	11.5%

(1) Antoine Jouteau AVI calculation relates to his role as CEO Adevinta France from January 1, 2022 to August 14, 2022. From August 15, 2022, his AVI calculation is aligned with his new role of Global CEO.

(2) Alex Alexander received an AVI payout at 100% for 2022 as approved by the Board.

(3) Gianpaolo Santorsola received an AVI payout at 100% for 2022 as approved by the Board.

(4) Zachary Candelario payment has been made according to forecast as of September 2022, subject to the original performance criteria.

PSP 2020 Vesting Performance Information

The Performance Target for the PSP award was not met over the Performance Period from January 1, 2020 until December 31, 2022 relative to a Comparator Group. Adevinta's performance relative to the Comparator Group was at the 19th percentile, which falls below the median, not eligible for a payout (0%). As an exceptional measure the Board approved a one-off relief payment at an earlier vesting date in alignment with our retention strategy.

Executive Management received a 25% discretionary payout of the PSP 2020 plan on December 31. The remaining shares lapsed.

Final Vesting	Performance Range
	Threshold (Median)	Maximum (Upper Quartile)	Adevinta Final
TSR	-5.2%	21.9%	-38.6%
Percentile	50th	75th	19th
Vesting	25%	100%	0%

The shares used to vest this award were acquired from the market and were not new issues of Adevinta shares.

Exceptions and deviations from the Remuneration Policy and the procedure for implementation

The Board may in special, temporary circumstances deviate from all or parts of this Policy, if such deviation is deemed necessary to serve and/or safeguard the long-term interests and sustainability of the Company as a whole or assure its viability, including related to special events including divestments and acquisitions and resulting business transformations as well as for reasons concerning the competitive external talent market and remuneration practices.

Any such deviation must be discussed in the RemCo who shall provide a substantiated recommendation to the Board.

For 2022, the following deviations have been made:

PSP 2020 payout

An accelerated vesting and a 25% discretionary payout have been approved by the Board for the entire plan to be vested as of December 31, 2022 without an additional holding period for AdEx members. This was to aid retention of key personnel in a critical year.

New AdEx members

3 new AdEx members have been announced as from January 1, 2023 and joined the Adevinta Executive Management team ("AdEx"): Alex Collinet (Chief Operating Officer) backdated to September 1, 2022, Paul Heimann (Vertical Lead ReCommerce), and Roman Campa (Vertical Lead Real Estate & Emerging Verticals), both backdated to November 24, 2022. Julien Jouhault took the interim role of CPTO from November 24, 2022.

Annual Changes in Remuneration and the Company's Results

The table below shows changes in received remuneration and company performance.

Annual Change in Executive Remuneration

Annualised change in total remuneration, including cash bonus and value of share options

	2022/2021	2021/2020	2020/2019(5)
Remuneration for Executive Management
Antoine Jouteau	4%	43%	4%
Rolv Erik Ryssdal	11%	66%	-9%
Uvashni Raman	-3%	78%	19%
Nicki Dexter	-9%	83%	7%
Renaud Bruyeron(1)	-59%	60%	9%
Gianpaolo Santorsola	10%	37%	-20%
Zachary Candelario(2)	78%	n/a	n/a
Alex Alexander(3)	n/a	n/a	n/a
Ajay Bhatia(3)	n/a	n/a	n/a

	2022/2021	2021/2020	2020/2019(5)
Company Results
Revenue	8%	10%	-2%
EBITDA	7%	10%	-6%
Number of Employees	26%	34%	12%
Monthly Average Visits	15%	231%	-13%
Average remuneration on a full-time equivalent basis of Group Employees
Employee Avg. Remuneration(4)	11%	36%	-7%

(1) Renaud Bruyeron remuneration is from 1 January 1, 2022 to April 18, 2022.

(2) 2022 remuneration is reflecting the full year while 2021 was a prorated amount.

(4) Personal expenses and remuneration reported in note 9 of the Annual Report 2022 divided by the number of FTE as of December 31, 2022.

(5) Only comparatives from 2019 have been included since the Company was established in that year.

Change of Policy

In 2022, there were no changes to the Remuneration Policy since the Annual General Meeting in June 2022. The remuneration policy first introduced and approved at the Annual General Meeting in June 2022 will be updated and proposed for approval in the June 2023 Annual General Meeting.

Information regarding shareholder vote

At the Annual General Meeting in 2022, the Remuneration Policy was adopted with 96.70% of the votes cast in favour. This Remuneration Report for the financial year 2022, as well as the Remuneration Policy, shall be proposed for approval at the Annual General Meeting in June 2023.

⁽³⁾ Appointed in 2022.

Other arrangements for senior executives

Pension Arrangements

To remain competitive and to encourage retirement planning, the Executive Management may be eligible to participate in a defined benefit or defined contribution pension scheme, or alternatively may receive cash in lieu of pension. Contributions to defined contribution schemes or cash in lieu of pension are linked to base salary only.

• The former CEOcontinues to participate in the Schibsted Pension Plan which entitles him to a disability pension, early retirement pension from the age of 60 to 62 and thereafter a lifelong retirement pension1 . This agreement was specific to Adevinta's spin-offfrom Schibsted at that time and is not intended to continue for a new CEO.
• The EVP European Markets receives a cash payment in lieu of pension 8% of salary.
• The Chief FinancialOfficer previously received a cash payment in lieu of pension (equivalent to 15% ofthe salary) and as of April 2022 she started to receive a monthly payment.
• Other members ofthe Executive Management do not currently receive pension contributions otherthan any applicable State pension contributions orlocal employees'/ executives' complementary pension plan in the applicable country. Any pension arrangements will be viewed in connection with the overall salary and employment conditions, and will be aligned with market practice in the relevant country. Localrules governing pension entitlement, social security entitlement and taxation are taken into account when designing individual pension plans.

Management's statement on the Remuneration Report

The Board has today considered and adopted the Remuneration ReportofAdevintaASA forthefinancialyear2022.The Remuneration Report is prepared in accordance with Section 6-16boftheNorwegianPublicLimitedLiabilityCompaniesAct. TheRemunerationReportissubmittedtothe GeneralMeetingfor anadvisoryvote.

Board of Directors

OrlaNoonan,FernandoAbril-MartorellHernández, PeterBrooks-Johnson,KristinSkogenLund,SophieJavary, MichaelNilles,JuliaJakel,Julie Simpson,AleksanderRosinski, MarkSolomns,DipanPatel.

InOslo,6thJune2023

Orla Noonan

Chair of the Board OnbehalfofAdevintaASA BoardofDirectors

¹ It has been agreed that the former CEO (Rolv Erik Ryssdal) has retired as of 1 March 2023. He will receive an early retirement pension from this point until age 67, at which point he will receive the lifelong retirement pension.

Independent Auditor's Report on Remuneration Report

Independent Auditor's Report on Remuneration Report

To the Shareholders of Adevinta ASA

Statsautoriserte revisorer Ernst & Young AS

Stortorvet 7, 0155 Oslo Postboks 1156 Sentrum, 0107 Oslo Foretaksregisteret: NO 976 389 387 MVA Tlf: +47 24 00 24 00

www.ey.no Medlemmer av Den norske Revisorforening

To the General Meeting of Adevinta ASA

INDEPENDENT AUDITOR'S ASSURANCE REPORT ON REPORT ON SALARY AND OTHER REMUNERATION TO DIRECTORS

Opinion

We have performed an assurance engagement to obtain reasonable assurance that Adevinta ASA's report on salary and other remuneration to directors (the remuneration report) for the financial year ended 31. December 2022 has been prepared in accordance with section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.

In our opinion, the remuneration report has been prepared, in all material respects, in accordance with section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.

Board of directors' responsibilities

The board of directors is responsible for the preparation of the remuneration report and that it contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and for such internal control as the board of directors determines is necessary for the preparation of a remuneration report that is free from material misstatements, whether due to fraud or error.

Our independence and quality control

We are independent of the company as required by laws and regulations and the International Ethics Standards Board for Accountants' Code of International Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), and we have fulfilled our other ethical responsibilities in accordance with these requirements. Our firm applies International Standards on Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements (ISQM 1) and Engagement Quality Reviews (ISQM 2) and accordingly maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.

Auditor's responsibilities

Our responsibility is to express an opinion on whether the remuneration report contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and that the information in the remuneration report is free from material misstatements. We conducted our work in accordance with the International Standard for Assurance Engagements (ISAE) 3000 – "Assurance engagements other than audits or reviews of historical financial information".

We obtained an understanding of the remuneration policy approved by the general meeting. Our procedures included obtaining an understanding of the internal control relevant to the preparation of the remuneration report in order to design procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Further we performed procedures to ensure completeness and accuracy of the information provided in the remuneration report, including whether it contains the information required by the law and accompanying

regulation. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Oslo, 6 June, 2023 ERNST & YOUNG AS

Kjetil Rimstad State Authorised Public Accountant (This document is signed electronically)

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