Adevinta — Major Shareholding Notification 2022

Nov 29, 2022

Adevinta ASA (ADE) - Mandatory notification of trade – Primary Insider

Adevinta ASA (ADE) - Mandatory notification of trade – Primary Insider

Oslo, November 29, 2022. eBay Inc., through its subsidiary eBay International Holding GmbH, has on November 28, 2022, sold 1,019,568 class A shares in Adevinta ASA (the “Company”) at an average price of NOK 76.9688 per share (the “Share Sale”).

Reference is made to the stock exchange notice published on 18 June 2021 regarding Austrian regulatory approval of the acquisition of eBay Classifieds Group by Adevinta whereby eBay Inc. committed to reduce its financial interest in Adevinta to 33.0% or below within 18 months following the closing of the transaction, which occurred on 25 June 2021. Following the Share Sale, eBay Inc., through its ownership of eBay International Management B.V. and eBay International Holding GmbH, will indirectly own in total (i) 344,975,115 Class A Shares, representing approximately 29.59% of the Class A Shares and associated voting rights in the Company, and (ii) 59,256,068 Class B Shares. In total, eBay Inc. indirectly owns 404,231,183 shares in the Company representing approximately 32.999% of the Company's outstanding share capital and 29.59% of the voting rights, which is within the regulatory requirements set by the Austrian competition authorities.

eBay is represented on the Board of Adevinta ASA by Marie Oh Huber and Mark Solomons. Attached is a notification of the Share Sale pursuant to the requirements in the Market Abuse Regulation.

This notification has been submitted pursuant to article 19 of the Market Abuse Regulation.