Adevinta — M&A Activity 2021

Jun 18, 2021

Adevinta welcomes Austrian regulatory approval and commences closing of the acquisition of eBay Classifieds Group

Adevinta welcomes Austrian regulatory approval and commences closing of the acquisition of eBay Classifieds Group

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THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES

DESCRIBED HEREIN.

Oslo, 18 June 2021 - Following an announcement by the Austrian Federal

Competition Authorities (the "FCA") today, Adevinta ASA (ADE) ("Adevinta"),

confirms that the FCA has approved the remedies proposed by Adevinta and eBay

Inc. ("eBay") to resolve the competition concerns raised by the FCA in relation

to Adevinta's acquisition of eBay Classifieds Group ("eCG"), the global

classifieds arm of eBay ("the transaction").

The remedies proposed by Adevinta and eBay address the FCA's concern that the

transaction could potentially lessen competition in the Austrian market between

eBay.at and Willhaben, Adevinta's joint venture business in Austria. The

commitments include a reduction by eBay of its financial interest in Adevinta to

at least 33% within 18 months following closing of the transaction, so as to

reduce its indirect economic interest in Willhaben. Additionally, Adevinta has

agreed to prevent the flow of information about Willhaben to eBay, as well as to

restrict eBay's potential influence over the strategic operations of Willhaben.

Approval of the remedies from the FCA marks a significant milestone, as all

regulatory approvals required for closing of the transaction have now been

received. Consequently, Adevinta is pleased to announce that closing of the

transaction will be initiated shortly and is expected to complete on or about

25 June 2021. Adevinta will make a further announcement once the transaction has

been completed.

-End-

Notes to Editor

Media Contacts

Mélodie Laroche

Corporate Communications

+33 (0) 6 84 30 52 76

melodie.laroche@adevinta.com (mailto:melodie.laroche@adevinta.com)

Marie de Scorbiac

Investor Relations

ir@adevinta.com (mailto:ir@adevinta.com)

John Kiely / Latika Shah / Raeesa Chowdhury-King

Edelman Smithfield

+44 (0)7785 275665 / +44 (0)7950 671 948 / +44 (0)7885 802774

adevinta@edelman.com (mailto:adevinta@edelman.com)

(mailto:adevinta@edelman.com)

About Adevinta

Adevinta is a global online classifieds specialist, operating digital

marketplaces in 9 countries. The company provides technology-based services to

connect buyers with sellers and to facilitate transactions, from job offers to

real estate, cars, consumer goods and more. Adevinta's portfolio includes more

than 30 digital products and websites, attracting 1.3 billion average monthly

visits. Leading brands include top-ranked leboncoin in France, InfoJobs and

Milanuncios in Spain, and 50% of fast-growing OLX Brazil. Adevinta spun off from

Schibsted ASA and publicly listed in Oslo, Norway in 2019. Adevinta is majority

owned by Schibsted ASA and employs 4,700 people committed to supporting users

and customers daily. Find out more at Adevinta.com (https://www.adevinta.com/).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act