Adevinta — Major Shareholding Notification 2021

Nov 19, 2021

Disclosure of large shareholding in Adevinta ASA

Disclosure of large shareholding in Adevinta ASA

Oslo, 18 November 2021

Reference is made to the stock exchange announcement Adevinta ASA (ADE) (the "Company" or "Adevinta") published on 14 July 2021 regarding the transaction (the “Transaction”) contemplated by the agreement entered into among eBay Inc. ("eBay"), eBay International Management B.V., which is 100% owned by eBay, and an affiliate of Permira ("Permira") on 14 July 2021 (the “Agreement”). The Transaction was completed on 18 November 2021 and, pursuant to the Agreement, eBay International Management B.V. sold 134,743,728 ordinary shares in Adevinta ("Class A Shares"), representing an 11% stake in Adevinta, to Permira.

Following completion of the Transaction, eBay International Management B.V. owns 2,994,233 Class A Shares in the Company. Furthermore, following completion of the Transaction and on 18 November 2021, eBay International Holding GmbH, which is 100% owned by eBay, requested the conversion of 138,264,160 non-voting shares ("Class B Shares") in the Company into Class A Shares, which will result in eBay International Holding GmbH holding 343,000,450 Class A Shares and 59,256,068 Class B Shares.

As a result of the foregoing, eBay, through its ownership in eBay International Management B.V. and eBay International Holding GmbH, will indirectly own in total (i) 345,994,683 Class A Shares, representing approximately 29.7% of the Class A Shares and associated voting rights in the Company, and (ii) 59,256,068 Class B Shares, which together with the Class A Shares issued to eBay, amounts to approximately 33.1% of the Company's outstanding share capital.