Adevinta — Major Shareholding Notification 2021

Jul 14, 2021

Disclosure of large shareholding and PDMR trade

Disclosure of large shareholding and PDMR trade

Reference is made to the stock exchange announcement earlier today regarding the agreement entered into between eBay Inc. ("eBay") and Permira regarding sale of shares in Adevinta ASA ("Adevinta").

Pursuant to the agreement, eBay International Management B.V., which is 100% owned by eBay, will sell 124,944,185 Class A Shares in Adevinta, with a 30-day option for Permira to purchase an additional 9,799,543 Class A Shares.

Upon completion of the transaction, which is expected to take place in Q4 2021, eBay will, through its ownership in eBay International Management B.V. and eBay International Holding GmbH, indirectly own in total (i) 217 530 066 Class A Shares, representing approximately 21% of the Class A Shares and associated voting rights in the Company, and (ii) 197,520,228 Class B Shares, which together with the Class A Shares owned by eBay, amounts to approximately 34% of the Company's outstanding share capital. If Permira exercises the option to acquire additional shares, eBay's total ownership stake in Adevinta will be reduced to 33%.

eBay International Management B.V. is a close associate of board members Marie Oh Huber and Mark Solomons. Please find a PDMR-notification attached.