Adevinta — Major Shareholding Notification 2024

Apr 24, 2024

Adevinta ASA – Disclosure of large shareholding by Astinlux Finco Sàrl.

Adevinta ASA – Disclosure of large shareholding by Astinlux Finco Sàrl.

Reference is made to the stock exchange announcement on 21 November 2023 of a voluntary offer (the "Offer") from Aurelia Bidco Norway AS (the "Offeror") to acquire all the outstanding ordinary class A shares in Adevinta ASA (the "Company"), and a transaction completion agreement whereby inter alia Permira Fund VII, being advised by Permira Advisers LLP, through Astinlux Finco Sàrl., an entity controlled by the Permira Fund VII, has agreed to sell shares to the Offeror against consideration in newly issued shares in the Offeror's indirect parent company.

The sale comprises all of Astinlux Finco Sàrl.'s 136,875,162 shares in the Company (the "Share Sale"), representing 11.2% of the outstanding shares in the Company.

The acceptance period under the Offer has expired and the Offeror has today announced that the closing conditions relating to minimum acceptance and regulatory approvals have been fulfilled and that settlement of the Offer is estimated to take place on 29 May 2024. Completion of the Share Sale pursuant to the transaction completion agreement will take place on the same day. Following such completion, Astinlux Finco Sàrl. will hold no shares or rights to shares in Adevinta ASA.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.