Adevinta — Major Shareholding Notification 2020

Dec 9, 2020

Adevinta ASA: Block sale of existing shares completed

Adevinta ASA: Block sale of existing shares completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Oslo, 9 December 2020. Reference is made to the stock exchange notice published on 8 December 2020 regarding a potential block sale of up to 15,000,000 existing shares in Adevinta ASA (the “Company”) corresponding to 2.2% of the outstanding shares in Adevinta ASA (the "Transaction") by Blommenholm Industrier AS (controlled by the Tinius Trust) (the “Seller”).

The Seller has successfully sold 15,000,000 Adevinta ASA shares at NOK 129.0 per share (the “Offering”).

Blommenholm Industrier AS is the largest shareholder in Schibsted ser. A and ser. B shares with a 26.4% and 23.0% shareholding respectively, and has significant exposure to Adevinta ASA through this stake. The purpose of the placement is to free up liquidity and increase the financial flexibility of the Seller. The Seller will remain a large and long-term shareholder in Schibsted ASA and remains highly comfortable about the prospects for Adevinta ASA and Schibsted ASA.

Following the offering, the Seller will retain 23,992,516 shares in the Company. The Seller has entered into a lock-up agreement with the Managers for its remaining shareholding in the Company for a period of 90 days.

Arctic Securities AS and Skandinaviska Enskilda Banken AB (publ) acted as Joint Bookrunners in the Offering.

The Tinius Trust and Blommenholm Industrier AS are represented on the Board of Adevinta ASA by Terje Seljeseth and on the board of Schibsted ASA by Ole Jacob Sunde and Karl-Christian Agerup. The Seller is a primary insider in Schibsted ASA and Adevinta ASA, and subject to disclosure duties under the Norwegian Securities Act Section 4-2.