Adevinta - Capital/Financing Update 2020

Adevinta ASA (ADE) - Adevinta Announces Launch of Senior Secured Notes Offering

Oslo, 19 October 2020 - Adevinta ASA announced today that it has launched an

offering of approximately EUR1,060 million aggregate principal amount of senior

secured notes, consisting of notes due 2025 and 2027 (the "Senior Secured

Notes").

Adevinta previously announced its plans to syndicate a new senior secured Term

Loan B facility consisting of a EUR900 million EUR-denominated tranche and a $500

million U.S. dollar-denominated tranche (the "Term Loan B").

The aggregate principal amount of the Senior Secured Notes and the Term Loan B

is expected to be EUR2.386 billion, which will be used to, among other things,

fund a portion of the cash consideration for the acquisition of eBay Classifieds

Group ("eCG") and refinance existing debt.

The Senior Secured Notes and Term Loan B will be guaranteed by certain

subsidiaries of Adevinta and eCG and secured by shares of certain of the

guarantors as well as certain material bank accounts and the intercompany

receivables of Adevinta.

This press release is neither an offer to sell nor the solicitation of an offer

to buy any securities and shall not constitute an offer, solicitation or sale in

any jurisdiction in which such offering, solicitation or sale would be unlawful.

The Senior Secured Notes discussed in this release have not been, and will not

be, registered under the U.S. Securities Act of 1933, as amended and may not be

offered or sold in the United States or to US persons without registration or

pursuant to an applicable exemption from registration under that act.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

Manufacturer target market (MIFID II product governance) is eligible

counterparties and professional clients only (all distribution channels). No

PRIIPs key information document (KID) has been prepared as not available to

retail investors in EEA or the United Kingdom.

Marie de Scorbiac

Head of Investor Relations

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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