Adevinta — M&A Activity 2023

Oct 3, 2023

Adevinta ASA - Procedures established in response to receipt of non-binding indicative proposal

Adevinta ASA - Procedures established in response to receipt of non-binding indicative proposal

Oslo, 3 October 2023 - Adevinta ASA ("Adevinta" or the "Company") refers to the

stock exchange announcement on 21 September 2023 regarding receipt of a non-

binding indicative proposal (the "Proposal") from a consortium led by Permira

and Blackstone, with involvement of the Company's two main shareholders,

regarding a potential offer for all shares of the Company. In response to

shareholder enquiries, the Company wants to communicate the procedures it is

following in response to the Proposal.

Immediately upon receipt of the Proposal, the Company's board of directors

established a special committee comprising the five independent directors on the

Company's board. The special committee is representing the Company in all

aspects relating to the Proposal. The directors who are representatives of the

three main shareholders of the Company are not involved in the Company's

deliberations and decisions.

The independent committee is actively engaging in the Proposal in line with

applicable regulations and corporate governance principles. Citigroup Global

Markets Europe AG and JPMorgan Securities Plc have been engaged as financial

advisers, and BAHR, Cleary Gottlieb and Skadden as legal advisers. The advisers

are acting exclusively under the instructions of the special committee.

Any further announcement relating to the Proposal will be made as and when

appropriate in compliance with applicable laws and regulations.

-end-

Contact information:

IR contacts

Marie de Scorbiac

VP Investor Relations & Corporate Affairs

+33 6 14 65 77 40

Anne-Sophie Jugean

Investor Relations Senior Manager

+33 6 74 19 22 81

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

Media contact

Edelman Smithfield

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